A.P.: what changed
Two fiscal 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.
A.P.
Largest movements
- Cash -€146,187
down €146,187 (-61.3%), from €238,512 to €92,325
mainly Stocks and contracts (-€103,531) and Net result for the year (-€40,249)
- Stocks and contracts +€103,531
new in 2024: €103,531
- Tangible fixed assets -€41,111
down €41,111 (-8.9%), from €462,061 to €420,950
- Receivables after one year -€13,385
down €13,385 (-22.0%), from €60,897 to €47,512
- Debts after one year -€27,186
down €27,186 (-21.9%), from €124,194 to €97,008
- Reserves -€20,922
down €20,922 (-8.2%), from €256,068 to €235,146
of which Tax-exempt reserves: -€20,922
- Provisions -€19,738
down €19,738 (-29.6%), from €66,576 to €46,838
of which Deferred taxes: -€11,263
- Profit (loss) carried forward -€19,327
down €19,327 (-9.0%), from €214,713 to €195,386
- Other debts -€11,892
down €11,892 (-92.1%), from €12,917 to €1,025
- Gross operating margin -€38,760
down €38,760, from €38,739 to -€21
- Other operating charges -€5,881
down €5,881 (-53.3%), from €11,029 to €5,148
- Depreciation -€2,208
down €2,208 (-5.1%), from €43,319 to €41,111
- Financial charges -€1,486
down €1,486 (-9.9%), from €15,022 to €13,536
- Financial income -€1,258
down €1,258 (-99.4%), from €1,265 to €8
of which Non-recurring financial income: -€1,265
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €782,530 | €679,356 | -€103,174 | -13.2% |
| Fixed assets | 21/28 | €462,061 | €420,950 | -€41,111 | -8.9% |
| Tangible fixed assets | 22/27 | €462,061 | €420,950 | -€41,111 | -8.9% |
| Land and buildings | 22 | €349,500 | €336,866 | -€12,633 | -3.6% |
| Plant, machinery and equipment | 23 | €83,757 | €63,275 | -€20,481 | -24.5% |
| Furniture and vehicles | 24 | €28,805 | €20,809 | -€7,996 | -27.8% |
| Current assets | 29/58 | €320,469 | €258,406 | -€62,063 | -19.4% |
| Amounts receivable after more than one year | 29 | €60,897 | €47,512 | -€13,385 | -22.0% |
| Trade receivables | 290 | €60,897 | €47,512 | -€13,385 | -22.0% |
| Stocks and contracts in progress | 3 | - | €103,531 | +€103,531 | |
| Stocks | 30/36 | - | €103,531 | +€103,531 | |
| Amounts receivable within one year | 40/41 | €13,879 | €13,972 | +€93 | +0.7% |
| Other amounts receivable | 41 | €13,879 | €13,972 | +€93 | +0.7% |
| Cash at bank and in hand | 54/58 | €238,512 | €92,325 | -€146,187 | -61.3% |
| Deferred charges and accrued income | 490/1 | €7,181 | €1,066 | -€6,116 | -85.2% |
| Total equity and liabilities | 10/49 | €782,530 | €679,356 | -€103,174 | -13.2% |
| Equity | 10/15 | €540,781 | €500,532 | -€40,249 | -7.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €256,068 | €235,146 | -€20,922 | -8.2% |
| Tax-exempt reserves | 132 | €137,249 | €116,327 | -€20,922 | -15.2% |
| Distributable reserves | 133 | €118,819 | €118,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,713 | €195,386 | -€19,327 | -9.0% |
| Provisions and deferred taxes | 16 | €66,576 | €46,838 | -€19,738 | -29.6% |
| Provisions for liabilities and charges | 160/5 | €16,244 | €7,769 | -€8,475 | -52.2% |
| Environmental obligations | 163 | €16,244 | €7,769 | -€8,475 | -52.2% |
| Deferred taxes | 168 | €50,332 | €39,069 | -€11,263 | -22.4% |
| Amounts payable | 17/49 | €175,173 | €131,986 | -€43,187 | -24.7% |
| Amounts payable after more than one year | 17 | €124,194 | €97,008 | -€27,186 | -21.9% |
| Financial debts | 170/4 | €124,194 | €97,008 | -€27,186 | -21.9% |
| Amounts payable within one year | 42/48 | €50,979 | €34,977 | -€16,002 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €28,081 | €27,186 | -€895 | -3.2% |
| Trade debts | 44 | €7,862 | €5,346 | -€2,516 | -32.0% |
| Suppliers | 440/4 | €7,862 | €5,346 | -€2,516 | -32.0% |
| Taxes, remuneration and social security | 45 | €2,119 | €1,421 | -€698 | -33.0% |
| Taxes | 450/3 | €2,119 | €1,421 | -€698 | -33.0% |
| Other amounts payable | 47/48 | €12,917 | €1,025 | -€11,892 | -92.1% |
| Remuneration, social security and pensions | 62 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,319 | €41,111 | -€2,208 | -5.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,475 | -€8,475 | = | 0.0% |
| Other operating charges | 640/8 | €11,029 | €5,148 | -€5,881 | -53.3% |
| Gross operating margin | 9900 | €38,739 | -€21 | -€38,760 | |
| Operating profit (loss) | 9901 | -€7,134 | -€37,818 | -€30,684 | -430.1% |
| Financial income | 75/76B | €1,265 | €8 | -€1,258 | -99.4% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +1220.0% |
| Non-recurring financial income | 76B | €1,265 | €0 | -€1,265 | -100.0% |
| Financial charges | 65/66B | €15,022 | €13,536 | -€1,486 | -9.9% |
| Recurring financial charges | 65 | €15,022 | €13,536 | -€1,486 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,891 | -€51,346 | -€30,456 | -145.8% |
| Transfer from deferred taxes | 780 | €6,712 | €11,263 | +€4,551 | +67.8% |
| Income taxes | 67/77 | €1,104 | €166 | -€939 | -85.0% |
| Profit (loss) for the period | 9904 | -€15,282 | -€40,249 | -€24,966 | -163.4% |
| Transfer from tax-exempt reserves | 789 | €16,258 | €20,922 | +€4,664 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €975 | -€19,327 | -€20,302 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.