L'APPARTEMENT: 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'APPARTEMENT
Largest movements
- Tangible fixed assets -€4,674
down €4,674 (-27.7%), from €16,869 to €12,195
of which Furniture and vehicles: -€7,397
- Stocks and contracts -€2,771
down €2,771 (-17.5%), from €15,799 to €13,028
- Deferred charges and accrued income +€2,573
up €2,573 (+279%), from €923 to €3,497
- Cash -€1,928
down €1,928 (-29.7%), from €6,499 to €4,571
mainly Debts after one year (-€7,926) and Net result for the year (-€7,283)
- Receivables within one year +€462
up €462 (+122%), from €377 to €839
of which Trade receivables: +€839
- Debts after one year -€7,926
down €7,926 (-85.6%), from €9,257 to €1,332
- Profit (loss) carried forward -€7,283
down €7,283 (-48.5%), from -€15,018 to -€22,300
- Trade debts +€5,560
up €5,560 (+322%), from €1,729 to €7,289
- Other debts +€1,967
up €1,967 (+1,101%), from €179 to €2,145
- Short-term financial debts +€910
new in 2025: €910
- Gross operating margin -€2,865
down €2,865 (-32.5%), from €8,808 to €5,943
- Financial charges -€847
down €847 (-36.3%), from €2,334 to €1,488
- Other operating charges -€131
down €131 (-3.8%), from €3,424 to €3,293
- Depreciation +€121
up €121 (+1.5%), from €8,032 to €8,154
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 | €40,467 | €34,130 | -€6,337 | -15.7% |
| Fixed assets | 21/28 | €16,869 | €12,195 | -€4,674 | -27.7% |
| Tangible fixed assets | 22/27 | €16,869 | €12,195 | -€4,674 | -27.7% |
| Plant, machinery and equipment | 23 | - | €1,479 | +€1,479 | |
| Furniture and vehicles | 24 | €15,836 | €8,439 | -€7,397 | -46.7% |
| Other tangible fixed assets | 26 | €1,032 | €2,276 | +€1,244 | +121% |
| Current assets | 29/58 | €23,599 | €21,936 | -€1,663 | -7.0% |
| Stocks and contracts in progress | 3 | €15,799 | €13,028 | -€2,771 | -17.5% |
| Stocks | 30/36 | €15,799 | €13,028 | -€2,771 | -17.5% |
| Amounts receivable within one year | 40/41 | €377 | €839 | +€462 | +122% |
| Trade receivables | 40 | - | €839 | +€839 | |
| Other amounts receivable | 41 | €377 | - | -€377 | |
| Cash at bank and in hand | 54/58 | €6,499 | €4,571 | -€1,928 | -29.7% |
| Deferred charges and accrued income | 490/1 | €923 | €3,497 | +€2,573 | +279% |
| Total equity and liabilities | 10/49 | €40,467 | €34,130 | -€6,337 | -15.7% |
| Equity | 10/15 | €16,388 | €9,105 | -€7,283 | -44.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,805 | €12,805 | = | 0.0% |
| Distributable reserves | 133 | €12,805 | €12,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,018 | -€22,300 | -€7,283 | -48.5% |
| Amounts payable | 17/49 | €24,080 | €25,025 | +€946 | +3.9% |
| Amounts payable after more than one year | 17 | €9,257 | €1,332 | -€7,926 | -85.6% |
| Financial debts | 170/4 | €9,257 | €1,332 | -€7,926 | -85.6% |
| Amounts payable within one year | 42/48 | €14,822 | €23,694 | +€8,872 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €7,817 | €7,926 | +€109 | +1.4% |
| Financial debts | 43 | - | €910 | +€910 | |
| Credit institutions | 430/8 | - | €910 | +€910 | |
| Trade debts | 44 | €1,729 | €7,289 | +€5,560 | +322% |
| Suppliers | 440/4 | €1,729 | €7,289 | +€5,560 | +322% |
| Advances received on contracts in progress | 46 | - | €19 | +€19 | |
| Taxes, remuneration and social security | 45 | €5,097 | €5,405 | +€307 | +6.0% |
| Taxes | 450/3 | €2,697 | €3,005 | +€307 | +11.4% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €179 | €2,145 | +€1,967 | +1,101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,032 | €8,154 | +€121 | +1.5% |
| Other operating charges | 640/8 | €3,424 | €3,293 | -€131 | -3.8% |
| Gross operating margin | 9900 | €8,808 | €5,943 | -€2,865 | -32.5% |
| Operating profit (loss) | 9901 | -€2,648 | -€5,503 | -€2,856 | -108% |
| Financial income | 75/76B | €0 | €36 | +€36 | +8,351% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +8,351% |
| Financial charges | 65/66B | €2,334 | €1,488 | -€847 | -36.3% |
| Recurring financial charges | 65 | €2,334 | €1,488 | -€847 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,982 | -€6,955 | -€1,973 | -39.6% |
| Income taxes | 67/77 | €340 | €328 | -€12 | -3.7% |
| Profit (loss) for the period | 9904 | -€5,322 | -€7,283 | -€1,961 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,322 | -€7,283 | -€1,961 | -36.8% |
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 30 October 2026 via checked.be.