l'apPETIT: 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'apPETIT
Largest movements
- Cash +€51,066
up €51,066 (+39.0%), from €130,964 to €182,030
mainly Net result for the year (+€46,525) and Depreciation (+€44,951)
- Receivables within one year +€8,898
up €8,898 (+168%), from €5,285 to €14,183
of which Other amounts receivable: +€9,044
- Tangible fixed assets +€7,707
up €7,707 (+3.0%), from €253,319 to €261,026
of which Leasing and similar rights: +€30,325
- Other debts +€26,520
up €26,520 (+133%), from €20,000 to €46,520
- Debts after one year +€21,566
up €21,566 (+88.3%), from €24,427 to €45,993
- Tax, wage and social debts +€14,054
up €14,054 (+97.6%), from €14,404 to €28,458
of which Taxes: +€12,834
- Current portion of long-term debt +€6,912
up €6,912 (+82.9%), from €8,341 to €15,253
- Short-term financial debts -€5,238
down €5,238 (-100%), from €5,238 to €0
- Gross operating margin +€77,924
up €77,924 (+51.1%), from €152,641 to €230,565
- Staff costs +€32,056
up €32,056 (+36.3%), from €88,266 to €120,322
- Depreciation +€10,155
up €10,155 (+29.2%), from €34,796 to €44,951
- Taxes +€8,523
up €8,523 (+244%), from €3,488 to €12,011
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 | €406,958 | €473,591 | +€66,633 | +16.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €253,319 | €261,026 | +€7,707 | +3.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €253,319 | €261,026 | +€7,707 | +3.0% |
| Land and buildings | 22 | €62,116 | €58,019 | -€4,097 | -6.6% |
| Plant, machinery and equipment | 23 | €168,063 | €147,809 | -€20,254 | -12.1% |
| Furniture and vehicles | 24 | €1,587 | €3,320 | +€1,733 | +109% |
| Leasing and similar rights | 25 | €21,553 | €51,878 | +€30,325 | +141% |
| Current assets | 29/58 | €153,639 | €212,565 | +€58,926 | +38.4% |
| Stocks and contracts in progress | 3 | €17,390 | €14,719 | -€2,671 | -15.4% |
| Stocks | 30/36 | €17,390 | €14,719 | -€2,671 | -15.4% |
| Amounts receivable within one year | 40/41 | €5,285 | €14,183 | +€8,898 | +168% |
| Trade receivables | 40 | €831 | €685 | -€146 | -17.6% |
| Other amounts receivable | 41 | €4,454 | €13,498 | +€9,044 | +203% |
| Cash at bank and in hand | 54/58 | €130,964 | €182,030 | +€51,066 | +39.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,633 | +€1,633 | |
| Total equity and liabilities | 10/49 | €406,958 | €473,591 | +€66,633 | +16.4% |
| Equity | 10/15 | €268,875 | €268,881 | +€6 | 0.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | €12,500 | €12,500 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €96,000 | €96,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €94,000 | €94,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,375 | €160,381 | +€6 | 0.0% |
| Amounts payable | 17/49 | €138,083 | €204,710 | +€66,627 | +48.3% |
| Amounts payable after more than one year | 17 | €24,427 | €45,993 | +€21,566 | +88.3% |
| Financial debts | 170/4 | €24,427 | €45,993 | +€21,566 | +88.3% |
| Amounts payable within one year | 42/48 | €113,656 | €158,717 | +€45,061 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €8,341 | €15,253 | +€6,912 | +82.9% |
| Financial debts | 43 | €5,238 | €0 | -€5,238 | -100% |
| Other loans | 439 | €5,238 | €0 | -€5,238 | -100% |
| Trade debts | 44 | €7,179 | €8,522 | +€1,343 | +18.7% |
| Suppliers | 440/4 | €7,179 | €8,522 | +€1,343 | +18.7% |
| Advances received on contracts in progress | 46 | €58,494 | €59,964 | +€1,470 | +2.5% |
| Taxes, remuneration and social security | 45 | €14,404 | €28,458 | +€14,054 | +97.6% |
| Taxes | 450/3 | €13,244 | €26,078 | +€12,834 | +96.9% |
| Remuneration and social security | 454/9 | €1,160 | €2,380 | +€1,220 | +105% |
| Other amounts payable | 47/48 | €20,000 | €46,520 | +€26,520 | +133% |
| Remuneration, social security and pensions | 62 | €88,266 | €120,322 | +€32,056 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,796 | €44,951 | +€10,155 | +29.2% |
| Other operating charges | 640/8 | €1,990 | €1,834 | -€156 | -7.8% |
| Gross operating margin | 9900 | €152,641 | €230,565 | +€77,924 | +51.1% |
| Operating profit (loss) | 9901 | €27,589 | €63,458 | +€35,869 | +130% |
| Financial charges | 65/66B | €3,353 | €4,922 | +€1,569 | +46.8% |
| Recurring financial charges | 65 | €3,353 | €4,922 | +€1,569 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €24,236 | €58,536 | +€34,300 | +142% |
| Income taxes | 67/77 | €3,488 | €12,011 | +€8,523 | +244% |
| Profit (loss) for the period | 9904 | €20,748 | €46,525 | +€25,777 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €20,748 | €46,525 | +€25,777 | +124% |
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 15 October 2026 via checked.be.