THE APPLI TREE: 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 APPLI TREE
Largest movements
- Receivables within one year -€14,931
down €14,931 (-58.0%), from €25,761 to €10,830
of which Trade receivables: -€23,340
- Cash -€7,403
down €7,403 (-85.3%), from €8,681 to €1,278
mainly Net result for the year (-€14,977) and Tax, wage and social debts (-€5,230)
- Deferred charges and accrued income +€693
new in 2025: €693
- Tangible fixed assets -€520
down €520 (-43.7%), from €1,189 to €669
- Profit (loss) carried forward -€14,977
down €14,977 (-167%), from -€8,947 to -€23,924
- Tax, wage and social debts -€5,230
down €5,230 (-93.3%), from €5,605 to €376
- Trade debts -€1,954
down €1,954 (-30.4%), from €6,429 to €4,475
- Write-downs +€4,868
new in 2025: €4,868
- Gross operating margin -€2,070
down €2,070 (-41.0%), from -€5,051 to -€7,120
- Financial charges +€1,211
up €1,211 (+156%), from €776 to €1,988
- Financial income +€278
up €278 (+2,775,300%), from €0 to €278
- Depreciation -€110
down €110 (-17.5%), from €630 to €520
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 | €35,631 | €13,470 | -€22,161 | -62.2% |
| Fixed assets | 21/28 | €1,189 | €669 | -€520 | -43.7% |
| Tangible fixed assets | 22/27 | €1,189 | €669 | -€520 | -43.7% |
| Plant, machinery and equipment | 23 | €1,189 | €669 | -€520 | -43.7% |
| Current assets | 29/58 | €34,442 | €12,800 | -€21,641 | -62.8% |
| Amounts receivable within one year | 40/41 | €25,761 | €10,830 | -€14,931 | -58.0% |
| Trade receivables | 40 | €23,340 | €0 | -€23,340 | -100% |
| Other amounts receivable | 41 | €2,421 | €10,830 | +€8,409 | +347% |
| Cash at bank and in hand | 54/58 | €8,681 | €1,278 | -€7,403 | -85.3% |
| Deferred charges and accrued income | 490/1 | - | €693 | +€693 | |
| Total equity and liabilities | 10/49 | €35,631 | €13,470 | -€22,161 | -62.2% |
| Equity | 10/15 | €23,596 | €8,619 | -€14,977 | -63.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,943 | €13,943 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,083 | €12,083 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,947 | -€23,924 | -€14,977 | -167% |
| Amounts payable | 17/49 | €12,035 | €4,851 | -€7,184 | -59.7% |
| Amounts payable within one year | 42/48 | €12,035 | €4,851 | -€7,184 | -59.7% |
| Trade debts | 44 | €6,429 | €4,475 | -€1,954 | -30.4% |
| Suppliers | 440/4 | €6,429 | €4,475 | -€1,954 | -30.4% |
| Taxes, remuneration and social security | 45 | €5,605 | €376 | -€5,230 | -93.3% |
| Taxes | 450/3 | €5,605 | €376 | -€5,230 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630 | €520 | -€110 | -17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,868 | +€4,868 | |
| Other operating charges | 640/8 | €575 | €617 | +€41 | +7.2% |
| Gross operating margin | 9900 | -€5,051 | -€7,120 | -€2,070 | -41.0% |
| Operating profit (loss) | 9901 | -€6,256 | -€13,124 | -€6,869 | -110% |
| Financial income | 75/76B | €0 | €278 | +€278 | +2,775,300% |
| Recurring financial income | 75 | €0 | €278 | +€278 | +2,775,300% |
| Financial charges | 65/66B | €776 | €1,988 | +€1,211 | +156% |
| Recurring financial charges | 65 | €776 | €1,988 | +€1,211 | +156% |
| Profit (loss) for the period before taxes | 9903 | -€7,032 | -€14,834 | -€7,803 | -111% |
| Income taxes | 67/77 | €93 | €143 | +€50 | +53.4% |
| Profit (loss) for the period | 9904 | -€7,125 | -€14,977 | -€7,852 | -110% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,125 | -€14,977 | -€7,852 | -110% |
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 16 October 2026 via checked.be.