A.P.A.C.: 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.
What changed
A.P.A.C.
NACE 88.993, Social work activities without accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,469
2024 · €131,226-€87,758
Equity
€2.3m
2024 · €2.2m+€13,368
Cash
€1.6m
2024 · €1.4m+€207,048
Balance sheet total
€5.1m
2024 · €4.9m+€163,566
Largest movements
Assets
- Cash +€207,048
up €207,048 (+14.5%), from €1.4m to €1.6m
mainly Debts within one year (+€311,561) and Depreciation (+€172,438)
- Tangible fixed assets -€128,065
down €128,065 (-4.2%), from €3.1m to €2.9m
of which Land and buildings: -€115,893
- Receivables within one year +€77,623
up €77,623 (+18.6%), from €416,806 to €494,429
of which Trade receivables: +€77,513
Equity and liabilities
- Debts within one year +€311,561
up €311,561 (+22.0%), from €1.4m to €1.7m
- Debts after one year -€120,203
down €120,203 (-12.1%), from €996,590 to €876,387
Income statement
- Gross operating margin -€141,697
down €141,697 (-4.3%), from €3.3m to €3.1m
- Staff costs -€43,978
down €43,978 (-1.5%), from €3.0m to €3.0m
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.
Result 2024
€131,226
Gross operating margin
-€141,697
Staff costs
+€43,978
Depreciation
+€5,562
Write-downs
+€13,337
Other operating charges
+€2,409
Other operating items
-€63
Financial income
-€14,433
Financial charges
+€3,149
Result 2025
€43,469
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€401,724
Investment
-€44,374
Financing
-€150,303
Cash 2024
€1.4m
From operations (derived)
+€401,724
Net result for the year
+€43,469
Depreciation
+€172,438
Stocks and contracts
-€6,960
Receivables within one year
-€77,623
Provisions
-€41,160
Debts within one year
+€311,561
Investment (derived)
-€44,374
Investment in fixed assets (net)
-€44,374
Financing
-€150,303
Debts after one year
-€120,203
Contributions, distributions and other
-€30,100
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,935,488 | €5,099,055 | +€163,566 | +3.3% |
| Fixed assets | 21/28 | €3,062,348 | €2,934,284 | -€128,065 | -4.2% |
| Tangible fixed assets | 22/27 | €3,062,076 | €2,934,011 | -€128,065 | -4.2% |
| Land and buildings | 22 | €2,929,344 | €2,813,451 | -€115,893 | -4.0% |
| Plant, machinery and equipment | 23 | €93,482 | €96,426 | +€2,944 | +3.1% |
| Furniture and vehicles | 24 | €39,250 | €24,134 | -€15,116 | -38.5% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €1,873,140 | €2,164,771 | +€291,631 | +15.6% |
| Stocks and contracts in progress | 3 | €24,430 | €31,391 | +€6,960 | +28.5% |
| Stocks | 30/36 | €24,430 | €31,391 | +€6,960 | +28.5% |
| Amounts receivable within one year | 40/41 | €416,806 | €494,429 | +€77,623 | +18.6% |
| Trade receivables | 40 | €412,754 | €490,267 | +€77,513 | +18.8% |
| Other amounts receivable | 41 | €4,052 | €4,162 | +€110 | +2.7% |
| Cash at bank and in hand | 54/58 | €1,431,903 | €1,638,951 | +€207,048 | +14.5% |
| Total equity and liabilities | 10/49 | €4,935,488 | €5,099,055 | +€163,566 | +3.3% |
| Equity | 10/15 | €2,241,559 | €2,254,927 | +€13,368 | +0.6% |
| Reserves | 13 | €299,000 | €299,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,297,464 | €1,340,933 | +€43,469 | +3.4% |
| Investment grants | 15 | €645,095 | €614,995 | -€30,100 | -4.7% |
| Provisions and deferred taxes | 16 | €279,310 | €238,150 | -€41,160 | -14.7% |
| Provisions for liabilities and charges | 160/5 | €279,310 | €238,150 | -€41,160 | -14.7% |
| Other liabilities and charges | 164/5 | €279,310 | €238,150 | -€41,160 | -14.7% |
| Amounts payable | 17/49 | €2,414,619 | €2,605,977 | +€191,358 | +7.9% |
| Amounts payable after more than one year | 17 | €996,590 | €876,387 | -€120,203 | -12.1% |
| Financial debts | 170/4 | €996,590 | €876,387 | -€120,203 | -12.1% |
| Amounts payable within one year | 42/48 | €1,416,685 | €1,728,246 | +€311,561 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €115,657 | €120,203 | +€4,546 | +3.9% |
| Trade debts | 44 | €34,537 | €11,201 | -€23,336 | -67.6% |
| Suppliers | 440/4 | €34,537 | €11,201 | -€23,336 | -67.6% |
| Taxes, remuneration and social security | 45 | €533,408 | €471,485 | -€61,923 | -11.6% |
| Taxes | 450/3 | €96,465 | €78,969 | -€17,496 | -18.1% |
| Remuneration and social security | 454/9 | €436,944 | €392,517 | -€44,427 | -10.2% |
| Accrued charges and deferred income | 492/3 | €1,345 | €1,345 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €321,093 | €297,133 | -€23,960 | -7.5% |
| Remuneration, social security and pensions | 62 | €3,014,307 | €2,970,328 | -€43,978 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,000 | €172,438 | -€5,562 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,823 | -€41,160 | -€13,337 | -47.9% |
| Other operating charges | 640/8 | €5,922 | €3,513 | -€2,409 | -40.7% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €3,287,566 | €3,145,869 | -€141,697 | -4.3% |
| Operating profit (loss) | 9901 | €117,159 | €40,686 | -€76,473 | -65.3% |
| Financial income | 75/76B | €57,913 | €43,480 | -€14,433 | -24.9% |
| Recurring financial income | 75 | €57,913 | €43,480 | -€14,433 | -24.9% |
| Financial charges | 65/66B | €43,846 | €40,697 | -€3,149 | -7.2% |
| Recurring financial charges | 65 | €43,846 | €40,697 | -€3,149 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €131,226 | €43,469 | -€87,758 | -66.9% |
| Profit (loss) for the period | 9904 | €131,226 | €43,469 | -€87,758 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €131,226 | €43,469 | -€87,758 | -66.9% |
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 18 October 2026 via checked.be.