THE APP OFFICE: 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.
THE APP OFFICE
Largest movements
- Receivables within one year -€49,065
down €49,065 (-47.6%), from €103,132 to €54,067
of which Trade receivables: -€42,889
- Cash +€36,714
up €36,714 (+42.2%), from €87,044 to €123,758
mainly Net result for the year (+€51,993) and Receivables within one year (+€49,065)
- Current investments +€20,755
up €20,755 (+69.2%), from €30,006 to €50,761
- Tangible fixed assets -€7,133
down €7,133 (-30.2%), from €23,599 to €16,466
of which Plant, machinery and equipment: -€5,717
- Trade debts -€21,240
down €21,240 (-72.3%), from €29,381 to €8,141
- Reserves +€15,209
up €15,209 (+6.3%), from €242,232 to €257,441
of which Distributable reserves: +€15,209
- Current portion of long-term debt +€5,878
new in 2025: €5,878
- Gross operating margin -€43,812
down €43,812 (-33.7%), from €129,847 to €86,035
- Taxes -€13,466
down €13,466 (-37.2%), from €36,158 to €22,692
- Depreciation +€1,807
up €1,807 (+25.6%), from €7,052 to €8,859
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 | €299,185 | €300,433 | +€1,248 | +0.4% |
| Fixed assets | 21/28 | €23,599 | €16,466 | -€7,133 | -30.2% |
| Tangible fixed assets | 22/27 | €23,599 | €16,466 | -€7,133 | -30.2% |
| Plant, machinery and equipment | 23 | €14,214 | €8,497 | -€5,717 | -40.2% |
| Furniture and vehicles | 24 | €9,385 | €7,968 | -€1,416 | -15.1% |
| Current assets | 29/58 | €275,586 | €283,967 | +€8,381 | +3.0% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Trade receivables | 290 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,132 | €54,067 | -€49,065 | -47.6% |
| Trade receivables | 40 | €82,250 | €39,362 | -€42,889 | -52.1% |
| Other amounts receivable | 41 | €20,881 | €14,705 | -€6,176 | -29.6% |
| Current investments | 50/53 | €30,006 | €50,761 | +€20,755 | +69.2% |
| Cash at bank and in hand | 54/58 | €87,044 | €123,758 | +€36,714 | +42.2% |
| Deferred charges and accrued income | 490/1 | €405 | €381 | -€24 | -5.8% |
| Total equity and liabilities | 10/49 | €299,185 | €300,433 | +€1,248 | +0.4% |
| Equity | 10/15 | €255,417 | €270,626 | +€15,209 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €242,232 | €257,441 | +€15,209 | +6.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €240,372 | €255,581 | +€15,209 | +6.3% |
| Profit (loss) carried forward | 14 | €6,985 | €6,985 | = | 0.0% |
| Amounts payable | 17/49 | €43,768 | €29,807 | -€13,961 | -31.9% |
| Amounts payable within one year | 42/48 | €43,768 | €29,807 | -€13,961 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,878 | +€5,878 | |
| Trade debts | 44 | €29,381 | €8,141 | -€21,240 | -72.3% |
| Suppliers | 440/4 | €29,381 | €8,141 | -€21,240 | -72.3% |
| Taxes, remuneration and social security | 45 | €14,387 | €15,788 | +€1,401 | +9.7% |
| Taxes | 450/3 | €14,387 | €15,788 | +€1,401 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,052 | €8,859 | +€1,807 | +25.6% |
| Other operating charges | 640/8 | €945 | €1,154 | +€209 | +22.1% |
| Gross operating margin | 9900 | €129,847 | €86,035 | -€43,812 | -33.7% |
| Operating profit (loss) | 9901 | €121,850 | €76,022 | -€45,828 | -37.6% |
| Financial income | 75/76B | €659 | €1,538 | +€879 | +133% |
| Recurring financial income | 75 | €659 | €1,538 | +€879 | +133% |
| Financial charges | 65/66B | €3,872 | €2,875 | -€997 | -25.7% |
| Recurring financial charges | 65 | €3,872 | €2,875 | -€997 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €118,637 | €74,685 | -€43,952 | -37.0% |
| Income taxes | 67/77 | €36,158 | €22,692 | -€13,466 | -37.2% |
| Profit (loss) for the period | 9904 | €82,479 | €51,993 | -€30,486 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,479 | €51,993 | -€30,486 | -37.0% |
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 29 October 2026 via checked.be.