Appono: 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.
Appono
Largest movements
- Current investments -€60,380
down €60,380 (-69.2%), from €87,314 to €26,934
- Receivables within one year -€49,551
down €49,551 (-24.8%), from €199,876 to €150,326
of which Trade receivables: -€55,766
- Tangible fixed assets -€33,962
down €33,962 (-12.6%), from €268,937 to €234,975
of which Furniture and vehicles: -€26,017
- Stocks and contracts +€33,468
up €33,468 (+41.1%), from €81,500 to €114,968
- Debts after one year -€63,784
down €63,784 (-29.4%), from €216,741 to €152,957
of which Other amounts payable: -€36,000
- Trade debts -€41,868
down €41,868 (-34.0%), from €123,013 to €81,144
- Tax, wage and social debts -€7,340
down €7,340 (-29.2%), from €25,173 to €17,833
of which Remuneration and social security: -€4,970
- Gross operating margin -€68,289
down €68,289 (-40.5%), from €168,804 to €100,515
- Taxes +€8,717
up €8,717 (+362%), from €2,405 to €11,122
- Staff costs -€3,911
down €3,911 (-14.2%), from €27,622 to €23,711
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 | €680,495 | €569,162 | -€111,334 | -16.4% |
| Fixed assets | 21/28 | €282,331 | €247,438 | -€34,892 | -12.4% |
| Intangible fixed assets | 21 | €1,386 | €456 | -€930 | -67.1% |
| Tangible fixed assets | 22/27 | €268,937 | €234,975 | -€33,962 | -12.6% |
| Land and buildings | 22 | €173,048 | €165,700 | -€7,349 | -4.2% |
| Plant, machinery and equipment | 23 | €2,417 | €1,820 | -€597 | -24.7% |
| Furniture and vehicles | 24 | €93,472 | €67,455 | -€26,017 | -27.8% |
| Financial fixed assets | 28 | €12,007 | €12,007 | = | 0.0% |
| Current assets | 29/58 | €398,165 | €321,724 | -€76,441 | -19.2% |
| Stocks and contracts in progress | 3 | €81,500 | €114,968 | +€33,468 | +41.1% |
| Stocks | 30/36 | €81,500 | €114,968 | +€33,468 | +41.1% |
| Amounts receivable within one year | 40/41 | €199,876 | €150,326 | -€49,551 | -24.8% |
| Trade receivables | 40 | €187,534 | €131,768 | -€55,766 | -29.7% |
| Other amounts receivable | 41 | €12,342 | €18,558 | +€6,216 | +50.4% |
| Current investments | 50/53 | €87,314 | €26,934 | -€60,380 | -69.2% |
| Cash at bank and in hand | 54/58 | €23,397 | €27,568 | +€4,172 | +17.8% |
| Deferred charges and accrued income | 490/1 | €6,078 | €1,928 | -€4,150 | -68.3% |
| Total equity and liabilities | 10/49 | €680,495 | €569,162 | -€111,334 | -16.4% |
| Equity | 10/15 | €203,815 | €199,053 | -€4,762 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,646 | €148,884 | -€4,762 | -3.1% |
| Distributable reserves | 133 | €153,646 | €148,884 | -€4,762 | -3.1% |
| Profit (loss) carried forward | 14 | €31,569 | €31,569 | = | 0.0% |
| Amounts payable | 17/49 | €476,680 | €370,108 | -€106,572 | -22.4% |
| Amounts payable after more than one year | 17 | €216,741 | €152,957 | -€63,784 | -29.4% |
| Financial debts | 170/4 | €99,241 | €71,457 | -€27,784 | -28.0% |
| Other amounts payable | 178/9 | €117,500 | €81,500 | -€36,000 | -30.6% |
| Amounts payable within one year | 42/48 | €259,777 | €217,151 | -€42,626 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €26,439 | €27,784 | +€1,345 | +5.1% |
| Financial debts | 43 | €65,529 | €65,021 | -€508 | -0.8% |
| Credit institutions | 430/8 | €65,529 | €65,021 | -€508 | -0.8% |
| Trade debts | 44 | €123,013 | €81,144 | -€41,868 | -34.0% |
| Suppliers | 440/4 | €123,013 | €81,144 | -€41,868 | -34.0% |
| Taxes, remuneration and social security | 45 | €25,173 | €17,833 | -€7,340 | -29.2% |
| Taxes | 450/3 | €18,076 | €15,705 | -€2,371 | -13.1% |
| Remuneration and social security | 454/9 | €7,097 | €2,127 | -€4,970 | -70.0% |
| Other amounts payable | 47/48 | €19,624 | €25,370 | +€5,746 | +29.3% |
| Accrued charges and deferred income | 492/3 | €163 | - | -€163 | |
| Non-recurring operating income | 76A | €99,072 | - | -€99,072 | |
| Remuneration, social security and pensions | 62 | €27,622 | €23,711 | -€3,911 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,313 | €34,892 | +€1,579 | +4.7% |
| Other operating charges | 640/8 | €1,173 | €1,184 | +€11 | +1.0% |
| Gross operating margin | 9900 | €168,804 | €100,515 | -€68,289 | -40.5% |
| Operating profit (loss) | 9901 | €106,696 | €40,728 | -€65,968 | -61.8% |
| Financial income | 75/76B | €1,864 | €1,187 | -€677 | -36.3% |
| Recurring financial income | 75 | €1,864 | €1,187 | -€677 | -36.3% |
| Financial charges | 65/66B | €10,104 | €10,556 | +€452 | +4.5% |
| Recurring financial charges | 65 | €10,104 | €10,556 | +€452 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €98,457 | €31,360 | -€67,097 | -68.1% |
| Income taxes | 67/77 | €2,405 | €11,122 | +€8,717 | +362% |
| Profit (loss) for the period | 9904 | €96,052 | €20,238 | -€75,814 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,052 | €20,238 | -€75,814 | -78.9% |
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 26 October 2026 via checked.be.