RED APPLE: what changed
Two fiscal 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.
RED APPLE
Largest movements
- Receivables within one year +€4,985
up €4,985 (+50.7%), from €9,834 to €14,818
of which Other amounts receivable: +€5,582
- Stocks and contracts -€2,786
down €2,786 (-100.0%), from €2,786 to €0
- Deferred charges and accrued income +€1,238
up €1,238 (+408.3%), from €303 to €1,541
- Cash -€1,144
down €1,144 (-64.0%), from €1,787 to €643
mainly Other debts (-€11,094) and Receivables within one year (-€4,985)
- Other debts -€11,094
down €11,094 (-100.0%), from €11,094 to €0
- Profit (loss) carried forward +€10,296
up €10,296 (+18.4%), from -€55,971 to -€45,675
- Advances received +€5,135
new in 2025: €5,135
- Debts after one year -€3,250
down €3,250 (-17.6%), from €18,445 to €15,195
- Trade debts +€1,703
up €1,703 (+23.0%), from €7,398 to €9,101
- Gross operating margin -€15,288
down €15,288 (-44.5%), from €34,317 to €19,029
- Taxes +€1,579
up €1,579 (+585.9%), from €270 to €1,849
- Financial charges -€1,331
down €1,331 (-32.0%), from €4,157 to €2,826
- Write-downs -€714
down €714 (-20.4%), from €3,500 to €2,786
- Other operating charges -€486
down €486 (-27.6%), from €1,760 to €1,274
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.
Cash bridge derived
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 | €14,709 | €17,002 | +€2,292 | +15.6% |
| Current assets | 29/58 | €14,709 | €17,002 | +€2,292 | +15.6% |
| Stocks and contracts in progress | 3 | €2,786 | €0 | -€2,786 | -100.0% |
| Stocks | 30/36 | €2,786 | €0 | -€2,786 | -100.0% |
| Amounts receivable within one year | 40/41 | €9,834 | €14,818 | +€4,985 | +50.7% |
| Trade receivables | 40 | €9,826 | €9,229 | -€597 | -6.1% |
| Other amounts receivable | 41 | €7 | €5,589 | +€5,582 | +77526.8% |
| Cash at bank and in hand | 54/58 | €1,787 | €643 | -€1,144 | -64.0% |
| Deferred charges and accrued income | 490/1 | €303 | €1,541 | +€1,238 | +408.3% |
| Total equity and liabilities | 10/49 | €14,709 | €17,002 | +€2,292 | +15.6% |
| Equity | 10/15 | -€35,971 | -€25,675 | +€10,296 | +28.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,971 | -€45,675 | +€10,296 | +18.4% |
| Amounts payable | 17/49 | €50,681 | €42,677 | -€8,004 | -15.8% |
| Amounts payable after more than one year | 17 | €18,445 | €15,195 | -€3,250 | -17.6% |
| Financial debts | 170/4 | €18,445 | €15,195 | -€3,250 | -17.6% |
| Amounts payable within one year | 42/48 | €26,716 | €21,962 | -€4,754 | -17.8% |
| Financial debts | 43 | €1,003 | €906 | -€97 | -9.6% |
| Credit institutions | 430/8 | €1,003 | €906 | -€97 | -9.6% |
| Trade debts | 44 | €7,398 | €9,101 | +€1,703 | +23.0% |
| Suppliers | 440/4 | €7,398 | €9,101 | +€1,703 | +23.0% |
| Advances received on contracts in progress | 46 | - | €5,135 | +€5,135 | |
| Taxes, remuneration and social security | 45 | €7,221 | €6,820 | -€402 | -5.6% |
| Taxes | 450/3 | €7,221 | €6,820 | -€402 | -5.6% |
| Other amounts payable | 47/48 | €11,094 | €0 | -€11,094 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,519 | €5,519 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,500 | €2,786 | -€714 | -20.4% |
| Other operating charges | 640/8 | €1,760 | €1,274 | -€486 | -27.6% |
| Gross operating margin | 9900 | €34,317 | €19,029 | -€15,288 | -44.5% |
| Operating profit (loss) | 9901 | €29,056 | €14,968 | -€14,088 | -48.5% |
| Financial income | 75/76B | €3 | €3 | -€1 | -20.0% |
| Recurring financial income | 75 | €3 | €3 | -€1 | -20.0% |
| Financial charges | 65/66B | €4,157 | €2,826 | -€1,331 | -32.0% |
| Recurring financial charges | 65 | €4,157 | €2,826 | -€1,331 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €24,903 | €12,145 | -€12,758 | -51.2% |
| Income taxes | 67/77 | €270 | €1,849 | +€1,579 | +585.9% |
| Profit (loss) for the period | 9904 | €24,633 | €10,296 | -€14,337 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,633 | €10,296 | -€14,337 | -58.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.