'T APPELKEN: 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.
'T APPELKEN
Largest movements
- Receivables within one year +€11,312
up €11,312 (+420.7%), from €2,689 to €14,001
of which Other amounts receivable: +€11,312
- Tangible fixed assets -€10,916
down €10,916 (-7.3%), from €149,698 to €138,782
of which Land and buildings: -€10,530
- Trade debts +€4,974
up €4,974 (+393.0%), from €1,265 to €6,239
- Profit (loss) carried forward -€3,750
down €3,750 (-3.1%), from -€120,693 to -€124,444
- Depreciation -€1,767
down €1,767 (-12.0%), from €14,715 to €12,949
- Gross operating margin +€1,360
up €1,360 (+15.0%), from €9,064 to €10,424
- Other operating charges +€1,149
up €1,149 (+138.6%), from €829 to €1,979
- Financial income -€117
down €117 (-62.4%), from €188 to €71
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 | €180,669 | €180,688 | +€19 | 0.0% |
| Fixed assets | 21/28 | €150,332 | €139,415 | -€10,916 | -7.3% |
| Tangible fixed assets | 22/27 | €149,698 | €138,782 | -€10,916 | -7.3% |
| Land and buildings | 22 | €144,355 | €133,825 | -€10,530 | -7.3% |
| Plant, machinery and equipment | 23 | €5,268 | €3,109 | -€2,159 | -41.0% |
| Furniture and vehicles | 24 | €75 | €1,847 | +€1,772 | +2363.5% |
| Financial fixed assets | 28 | €633 | €633 | = | 0.0% |
| Current assets | 29/58 | €30,338 | €41,273 | +€10,935 | +36.0% |
| Amounts receivable within one year | 40/41 | €2,689 | €14,001 | +€11,312 | +420.7% |
| Trade receivables | 40 | €1,364 | €1,364 | = | 0.0% |
| Other amounts receivable | 41 | €1,325 | €12,637 | +€11,312 | +853.5% |
| Current investments | 50/53 | €20,416 | €20,476 | +€60 | +0.3% |
| Cash at bank and in hand | 54/58 | €6,004 | €5,511 | -€493 | -8.2% |
| Deferred charges and accrued income | 490/1 | €1,229 | €1,285 | +€56 | +4.5% |
| Total equity and liabilities | 10/49 | €180,669 | €180,688 | +€19 | 0.0% |
| Equity | 10/15 | €121,323 | €117,045 | -€4,278 | -3.5% |
| Contributions | 10/11 | €208,700 | €208,700 | = | 0.0% |
| Reserves | 13 | €33,317 | €32,789 | -€527 | -1.6% |
| Tax-exempt reserves | 132 | €10,038 | €9,510 | -€527 | -5.3% |
| Distributable reserves | 133 | €23,279 | €23,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,693 | -€124,444 | -€3,750 | -3.1% |
| Provisions and deferred taxes | 16 | €5,171 | €4,899 | -€272 | -5.3% |
| Deferred taxes | 168 | €5,171 | €4,899 | -€272 | -5.3% |
| Amounts payable | 17/49 | €54,175 | €58,743 | +€4,568 | +8.4% |
| Amounts payable within one year | 42/48 | €54,175 | €58,743 | +€4,568 | +8.4% |
| Financial debts | 43 | €6,000 | €6,000 | = | 0.0% |
| Credit institutions | 430/8 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €1,265 | €6,239 | +€4,974 | +393.0% |
| Suppliers | 440/4 | €1,265 | €6,239 | +€4,974 | +393.0% |
| Taxes, remuneration and social security | 45 | €254 | €792 | +€538 | +211.7% |
| Taxes | 450/3 | €254 | €792 | +€538 | +211.7% |
| Other amounts payable | 47/48 | €46,655 | €45,712 | -€943 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,715 | €12,949 | -€1,767 | -12.0% |
| Other operating charges | 640/8 | €829 | €1,979 | +€1,149 | +138.6% |
| Gross operating margin | 9900 | €9,064 | €10,424 | +€1,360 | +15.0% |
| Operating profit (loss) | 9901 | -€6,481 | -€4,504 | +€1,977 | +30.5% |
| Financial income | 75/76B | €188 | €71 | -€117 | -62.4% |
| Recurring financial income | 75 | €188 | €71 | -€117 | -62.4% |
| Financial charges | 65/66B | €42 | €133 | +€91 | +215.6% |
| Recurring financial charges | 65 | €42 | €133 | +€91 | +215.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,335 | -€4,566 | +€1,769 | +27.9% |
| Transfer from deferred taxes | 780 | €272 | €272 | = | 0.0% |
| Income taxes | 67/77 | €23 | -€16 | -€39 | |
| Profit (loss) for the period | 9904 | -€6,087 | -€4,278 | +€1,809 | +29.7% |
| Transfer from tax-exempt reserves | 789 | €527 | €527 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,559 | -€3,750 | +€1,809 | +32.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.