2APM: 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.
2APM
Largest movements
- Cash +€51,899
up €51,899 (+6,281%), from €826 to €52,725
mainly Net result for the year (+€66,318) and Other debts (+€63,000)
- Receivables within one year +€25,878
up €25,878 (+100.0%), from €25,888 to €51,766
of which Trade receivables: +€47,889
- Other debts +€63,000
new in 2025: €63,000
- Tax, wage and social debts +€11,502
new in 2025: €11,502
of which Taxes: +€7,403
- Profit (loss) carried forward +€3,318
up €3,318, from -€3,286 to €32
- Gross operating margin +€87,847
up €87,847, from -€64 to €87,783
- Taxes +€21,011
new in 2025: €21,011
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 | €26,714 | €104,551 | +€77,837 | +291% |
| Fixed assets | 21/28 | - | €60 | +€60 | |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €26,714 | €104,491 | +€77,777 | +291% |
| Amounts receivable within one year | 40/41 | €25,888 | €51,766 | +€25,878 | +100.0% |
| Trade receivables | 40 | €883 | €48,772 | +€47,889 | +5,422% |
| Other amounts receivable | 41 | €25,005 | €2,994 | -€22,011 | -88.0% |
| Cash at bank and in hand | 54/58 | €826 | €52,725 | +€51,899 | +6,281% |
| Total equity and liabilities | 10/49 | €26,714 | €104,551 | +€77,837 | +291% |
| Equity | 10/15 | €26,714 | €30,032 | +€3,318 | +12.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,286 | €32 | +€3,318 | |
| Amounts payable | 17/49 | - | €74,519 | +€74,519 | |
| Amounts payable within one year | 42/48 | - | €74,519 | +€74,519 | |
| Trade debts | 44 | - | €17 | +€17 | |
| Suppliers | 440/4 | - | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | - | €11,502 | +€11,502 | |
| Taxes | 450/3 | - | €7,403 | +€7,403 | |
| Remuneration and social security | 454/9 | - | €4,099 | +€4,099 | |
| Other amounts payable | 47/48 | - | €63,000 | +€63,000 | |
| Other operating charges | 640/8 | €403 | €411 | +€8 | +2.0% |
| Gross operating margin | 9900 | -€64 | €87,783 | +€87,847 | |
| Operating profit (loss) | 9901 | -€467 | €87,372 | +€87,839 | |
| Financial charges | 65/66B | €42 | €43 | +€1 | +3.2% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€509 | €87,329 | +€87,838 | |
| Income taxes | 67/77 | - | €21,011 | +€21,011 | |
| Profit (loss) for the period | 9904 | -€509 | €66,318 | +€66,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€509 | €66,318 | +€66,827 |
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 20 October 2026 via checked.be.