A.P. ADVICES: 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.
A.P. ADVICES
Largest movements
- Tangible fixed assets -€45,415
down €45,415 (-7.0%), from €653,227 to €607,811
of which Land and buildings: -€32,151
- Cash +€14,637
up €14,637 (+23.2%), from €63,023 to €77,660
mainly Depreciation (+€50,714) and Net result for the year (+€14,729)
- Debts after one year -€43,421
down €43,421 (-6.1%), from €708,913 to €665,492
- Profit (loss) carried forward +€14,729
up €14,729 (+17.7%), from -€83,201 to -€68,472
- Gross operating margin +€11,972
up €11,972 (+14.4%), from €82,954 to €94,927
- Taxes +€4,266
up €4,266 (+70.0%), from €6,092 to €10,358
- Other operating charges -€1,801
down €1,801 (-19.3%), from €9,337 to €7,535
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 | €792,846 | €762,713 | -€30,133 | -3.8% |
| Fixed assets | 21/28 | €653,227 | €607,811 | -€45,415 | -7.0% |
| Tangible fixed assets | 22/27 | €653,227 | €607,811 | -€45,415 | -7.0% |
| Land and buildings | 22 | €550,898 | €518,747 | -€32,151 | -5.8% |
| Furniture and vehicles | 24 | €20,527 | €14,797 | -€5,731 | -27.9% |
| Other tangible fixed assets | 26 | €81,801 | €74,267 | -€7,534 | -9.2% |
| Current assets | 29/58 | €139,620 | €154,902 | +€15,282 | +10.9% |
| Amounts receivable after more than one year | 29 | €67,000 | €67,000 | = | 0.0% |
| Other amounts receivable | 291 | €67,000 | €67,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,186 | €6,731 | +€544 | +8.8% |
| Trade receivables | 40 | €3,221 | €3,068 | -€153 | -4.8% |
| Other amounts receivable | 41 | €2,965 | €3,663 | +€697 | +23.5% |
| Cash at bank and in hand | 54/58 | €63,023 | €77,660 | +€14,637 | +23.2% |
| Deferred charges and accrued income | 490/1 | €3,410 | €3,511 | +€101 | +3.0% |
| Total equity and liabilities | 10/49 | €792,846 | €762,713 | -€30,133 | -3.8% |
| Equity | 10/15 | €32,859 | €47,588 | +€14,729 | +44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €108,000 | €108,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,201 | -€68,472 | +€14,729 | +17.7% |
| Amounts payable | 17/49 | €759,988 | €715,125 | -€44,863 | -5.9% |
| Amounts payable after more than one year | 17 | €708,913 | €665,492 | -€43,421 | -6.1% |
| Financial debts | 170/4 | €708,913 | €665,492 | -€43,421 | -6.1% |
| Amounts payable within one year | 42/48 | €51,075 | €49,633 | -€1,442 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €42,562 | €43,421 | +€859 | +2.0% |
| Trade debts | 44 | €2,983 | €652 | -€2,331 | -78.2% |
| Suppliers | 440/4 | €2,983 | €652 | -€2,331 | -78.2% |
| Taxes, remuneration and social security | 45 | €5,530 | €5,561 | +€30 | +0.5% |
| Taxes | 450/3 | €5,530 | €5,561 | +€30 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,773 | €50,714 | +€941 | +1.9% |
| Other operating charges | 640/8 | €9,337 | €7,535 | -€1,801 | -19.3% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €82,954 | €94,927 | +€11,972 | +14.4% |
| Operating profit (loss) | 9901 | €23,845 | €36,678 | +€12,833 | +53.8% |
| Financial income | 75/76B | €1,740 | €2,443 | +€703 | +40.4% |
| Recurring financial income | 75 | €1,740 | €2,443 | +€703 | +40.4% |
| Financial charges | 65/66B | €13,261 | €14,034 | +€773 | +5.8% |
| Recurring financial charges | 65 | €13,261 | €14,034 | +€773 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €12,323 | €25,087 | +€12,764 | +104% |
| Income taxes | 67/77 | €6,092 | €10,358 | +€4,266 | +70.0% |
| Profit (loss) for the period | 9904 | €6,231 | €14,729 | +€8,498 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €6,231 | €14,729 | +€8,498 | +136% |
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 27 October 2026 via checked.be.