L’Appart: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
L’Appart
Largest movements
- Receivables within one year +€71,007
up €71,007 (+604%), from €11,755 to €82,762
of which Trade receivables: +€68,393
- Stocks and contracts -€34,047
down €34,047 (-27.1%), from €125,540 to €91,493
- Cash -€4,950
down €4,950 (-7.9%), from €62,540 to €57,590
mainly Receivables within one year (-€71,007) and Contributions, distributions and other (-€47,000)
- Trade debts +€39,877
up €39,877 (+148%), from €26,950 to €66,827
- Accrued charges and deferred income -€37,623
down €37,623 (-80.5%), from €46,759 to €9,136
- Profit (loss) carried forward +€19,947
up €19,947 (+31.6%), from €63,137 to €83,084
- Other debts +€19,094
up €19,094 (+66.9%), from €28,542 to €47,636
- Tax, wage and social debts -€9,698
down €9,698 (-42.7%), from €22,735 to €13,037
- Gross operating margin +€38,371
up €38,371 (+71.2%), from €53,863 to €92,234
- Taxes +€4,656
up €4,656 (+32.6%), from €14,290 to €18,946
- Depreciation -€2,380
down €2,380 (-88.7%), from €2,683 to €303
- Other operating charges -€1,845
down €1,845 (-41.4%), from €4,458 to €2,613
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,123 | €250,720 | +€31,597 | +14.4% |
| Fixed assets | 21/28 | €17,403 | €17,100 | -€303 | -1.7% |
| Tangible fixed assets | 22/27 | €10,803 | €10,500 | -€303 | -2.8% |
| Furniture and vehicles | 24 | €10,803 | €10,500 | -€303 | -2.8% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €201,720 | €233,620 | +€31,900 | +15.8% |
| Stocks and contracts in progress | 3 | €125,540 | €91,493 | -€34,047 | -27.1% |
| Stocks | 30/36 | €125,540 | €91,493 | -€34,047 | -27.1% |
| Amounts receivable within one year | 40/41 | €11,755 | €82,762 | +€71,007 | +604% |
| Trade receivables | 40 | €9,957 | €78,350 | +€68,393 | +687% |
| Other amounts receivable | 41 | €1,798 | €4,412 | +€2,614 | +145% |
| Cash at bank and in hand | 54/58 | €62,540 | €57,590 | -€4,950 | -7.9% |
| Deferred charges and accrued income | 490/1 | €1,885 | €1,775 | -€110 | -5.8% |
| Total equity and liabilities | 10/49 | €219,123 | €250,720 | +€31,597 | +14.4% |
| Equity | 10/15 | €94,137 | €114,084 | +€19,947 | +21.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,137 | €83,084 | +€19,947 | +31.6% |
| Amounts payable | 17/49 | €124,986 | €136,636 | +€11,650 | +9.3% |
| Amounts payable within one year | 42/48 | €78,227 | €127,500 | +€49,273 | +63.0% |
| Trade debts | 44 | €26,950 | €66,827 | +€39,877 | +148% |
| Suppliers | 440/4 | €26,950 | €66,827 | +€39,877 | +148% |
| Taxes, remuneration and social security | 45 | €22,735 | €13,037 | -€9,698 | -42.7% |
| Taxes | 450/3 | €22,735 | €13,037 | -€9,698 | -42.7% |
| Other amounts payable | 47/48 | €28,542 | €47,636 | +€19,094 | +66.9% |
| Accrued charges and deferred income | 492/3 | €46,759 | €9,136 | -€37,623 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,683 | €303 | -€2,380 | -88.7% |
| Other operating charges | 640/8 | €4,458 | €2,613 | -€1,845 | -41.4% |
| Gross operating margin | 9900 | €53,863 | €92,234 | +€38,371 | +71.2% |
| Operating profit (loss) | 9901 | €46,722 | €89,318 | +€42,596 | +91.2% |
| Financial income | 75/76B | €234 | €172 | -€62 | -26.5% |
| Recurring financial income | 75 | €234 | €172 | -€62 | -26.5% |
| Financial charges | 65/66B | €4,515 | €3,597 | -€918 | -20.3% |
| Recurring financial charges | 65 | €4,515 | €3,597 | -€918 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €42,441 | €85,893 | +€43,452 | +102% |
| Income taxes | 67/77 | €14,290 | €18,946 | +€4,656 | +32.6% |
| Profit (loss) for the period | 9904 | €28,151 | €66,947 | +€38,796 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €28,151 | €66,947 | +€38,796 | +138% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.