RED APPLE GROUP: 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.
RED APPLE GROUP
Largest movements
- Receivables within one year +€208,815
up €208,815 (+36.7%), from €569,617 to €778,432
of which Trade receivables: +€129,776
- Tangible fixed assets +€50,181
up €50,181 (+14.1%), from €356,669 to €406,850
of which Furniture and vehicles: +€47,494
- Cash -€34,688
down €34,688 (-18.6%), from €186,306 to €151,619
mainly Investment in fixed assets (net) (-€234,455) and Receivables within one year (-€208,815)
- Trade debts +€223,536
up €223,536 (+87.5%), from €255,408 to €478,944
- Debts after one year +€81,774
up €81,774 (+44.2%), from €185,000 to €266,774
of which Financial debts: +€71,774
- Profit (loss) carried forward -€69,905
down €69,905 (-10.4%), from €673,698 to €603,793
- Tax, wage and social debts -€16,988
down €16,988 (-10.5%), from €161,498 to €144,510
of which Remuneration and social security: -€14,799
- Current portion of long-term debt +€15,891
up €15,891 (+67.8%), from €23,454 to €39,346
- Staff costs +€139,006
up €139,006 (+18.5%), from €750,798 to €889,804
- Gross operating margin +€73,775
up €73,775 (+7.0%), from €1.1m to €1.1m
- Taxes -€38,513
down €38,513 (-41.9%), from €92,008 to €53,495
- Other operating charges +€24,738
up €24,738 (+146.4%), from €16,902 to €41,640
- Depreciation +€14,346
up €14,346 (+9.0%), from €159,928 to €174,274
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 | €1,317,658 | €1,551,966 | +€234,308 | +17.8% |
| Fixed assets | 21/28 | €561,734 | €621,915 | +€60,181 | +10.7% |
| Tangible fixed assets | 22/27 | €356,669 | €406,850 | +€50,181 | +14.1% |
| Plant, machinery and equipment | 23 | €6,960 | €6,775 | -€185 | -2.7% |
| Furniture and vehicles | 24 | €349,709 | €397,203 | +€47,494 | +13.6% |
| Other tangible fixed assets | 26 | - | €2,873 | +€2,873 | |
| Financial fixed assets | 28 | €205,065 | €215,065 | +€10,000 | +4.9% |
| Current assets | 29/58 | €755,924 | €930,051 | +€174,127 | +23.0% |
| Amounts receivable within one year | 40/41 | €569,617 | €778,432 | +€208,815 | +36.7% |
| Trade receivables | 40 | €552,795 | €682,571 | +€129,776 | +23.5% |
| Other amounts receivable | 41 | €16,822 | €95,861 | +€79,038 | +469.8% |
| Cash at bank and in hand | 54/58 | €186,306 | €151,619 | -€34,688 | -18.6% |
| Total equity and liabilities | 10/49 | €1,317,658 | €1,551,966 | +€234,308 | +17.8% |
| Equity | 10/15 | €692,298 | €622,393 | -€69,905 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €673,698 | €603,793 | -€69,905 | -10.4% |
| Amounts payable | 17/49 | €625,360 | €929,573 | +€304,213 | +48.6% |
| Amounts payable after more than one year | 17 | €185,000 | €266,774 | +€81,774 | +44.2% |
| Financial debts | 170/4 | - | €71,774 | +€71,774 | |
| Other amounts payable | 178/9 | €185,000 | €195,000 | +€10,000 | +5.4% |
| Amounts payable within one year | 42/48 | €440,360 | €662,799 | +€222,440 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €23,454 | €39,346 | +€15,891 | +67.8% |
| Trade debts | 44 | €255,408 | €478,944 | +€223,536 | +87.5% |
| Suppliers | 440/4 | €255,408 | €478,944 | +€223,536 | +87.5% |
| Taxes, remuneration and social security | 45 | €161,498 | €144,510 | -€16,988 | -10.5% |
| Taxes | 450/3 | €65,087 | €62,898 | -€2,189 | -3.4% |
| Remuneration and social security | 454/9 | €96,411 | €81,612 | -€14,799 | -15.4% |
| Non-recurring operating income | 76A | - | €14,868 | +€14,868 | |
| Remuneration, social security and pensions | 62 | €750,798 | €889,804 | +€139,006 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,928 | €174,274 | +€14,346 | +9.0% |
| Other operating charges | 640/8 | €16,902 | €41,640 | +€24,738 | +146.4% |
| Non-recurring operating charges | 66A | €5,786 | €1,169 | -€4,617 | -79.8% |
| Gross operating margin | 9900 | €1,053,512 | €1,127,286 | +€73,775 | +7.0% |
| Operating profit (loss) | 9901 | €120,097 | €20,398 | -€99,699 | -83.0% |
| Financial income | 75/76B | €2,434 | - | -€2,434 | |
| Recurring financial income | 75 | €2,434 | - | -€2,434 | |
| Financial charges | 65/66B | €23,256 | €36,808 | +€13,552 | +58.3% |
| Recurring financial charges | 65 | €23,256 | €36,808 | +€13,552 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €99,275 | -€16,410 | -€115,685 | |
| Income taxes | 67/77 | €92,008 | €53,495 | -€38,513 | -41.9% |
| Profit (loss) for the period | 9904 | €7,267 | -€69,905 | -€77,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,267 | -€69,905 | -€77,172 |
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 10 October 2026 via checked.be.