A.P. CHEMICALS: what changed
A.P. CHEMICALS
Largest movements
- Current investments -€294,422
down €294,422 (-61.9%), from €475,369 to €180,947
- Cash +€150,058
up €150,058 (+166%), from €90,651 to €240,709
mainly Current investments (+€294,422) and Deferred charges and accrued income (+€5,419)
- Receivables within one year +€65,723
up €65,723 (+14.2%), from €461,333 to €527,056
of which Other amounts receivable: +€86,226
- Profit (loss) carried forward -€58,676
down €58,676 (-43.7%), from -€134,178 to -€192,854
- Accrued charges and deferred income -€13,452
down €13,452 (-15.1%), from €88,859 to €75,406
- Trade debts -€12,779
down €12,779 (-19.8%), from €64,509 to €51,730
- Write-downs -€128,595
down €128,595 (-100%), from €128,595 to €0
- Financial charges +€32,882
up €32,882 (+339%), from €9,710 to €42,592
- Gross operating margin -€16,425
down €16,425 (-72.7%), from -€22,588 to -€39,013
- Taxes -€14,241
down €14,241 (-100%), from €14,241 to €0
- Financial income -€11,137
down €11,137 (-26.0%), from €42,793 to €31,657
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,075,758 | €990,461 | -€85,297 | -7.9% |
| Fixed assets | 21/28 | €2,560 | €1,323 | -€1,237 | -48.3% |
| Tangible fixed assets | 22/27 | €2,560 | €1,323 | -€1,237 | -48.3% |
| Furniture and vehicles | 24 | €2,560 | €1,323 | -€1,237 | -48.3% |
| Current assets | 29/58 | €1,073,198 | €989,138 | -€84,059 | -7.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €461,333 | €527,056 | +€65,723 | +14.2% |
| Trade receivables | 40 | €117,543 | €97,040 | -€20,503 | -17.4% |
| Other amounts receivable | 41 | €343,791 | €430,017 | +€86,226 | +25.1% |
| Current investments | 50/53 | €475,369 | €180,947 | -€294,422 | -61.9% |
| Cash at bank and in hand | 54/58 | €90,651 | €240,709 | +€150,058 | +166% |
| Deferred charges and accrued income | 490/1 | €45,844 | €40,426 | -€5,419 | -11.8% |
| Total equity and liabilities | 10/49 | €1,075,758 | €990,461 | -€85,297 | -7.9% |
| Equity | 10/15 | €921,666 | €862,990 | -€58,676 | -6.4% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €974,039 | €974,039 | = | 0.0% |
| Distributable reserves | 133 | €974,039 | €974,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,178 | -€192,854 | -€58,676 | -43.7% |
| Amounts payable | 17/49 | €154,092 | €127,471 | -€26,621 | -17.3% |
| Amounts payable within one year | 42/48 | €65,233 | €52,065 | -€13,169 | -20.2% |
| Trade debts | 44 | €64,509 | €51,730 | -€12,779 | -19.8% |
| Suppliers | 440/4 | €64,509 | €51,730 | -€12,779 | -19.8% |
| Taxes, remuneration and social security | 45 | €334 | €334 | = | 0.0% |
| Taxes | 450/3 | €334 | €334 | = | 0.0% |
| Other amounts payable | 47/48 | €390 | €0 | -€390 | -100% |
| Accrued charges and deferred income | 492/3 | €88,859 | €75,406 | -€13,452 | -15.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161 | €1,237 | +€77 | +6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €128,595 | €0 | -€128,595 | -100% |
| Other operating charges | 640/8 | €1,390 | €7,490 | +€6,100 | +439% |
| Gross operating margin | 9900 | -€22,588 | -€39,013 | -€16,425 | -72.7% |
| Operating profit (loss) | 9901 | -€153,733 | -€47,740 | +€105,992 | +68.9% |
| Financial income | 75/76B | €42,793 | €31,657 | -€11,137 | -26.0% |
| Recurring financial income | 75 | €42,793 | €31,657 | -€11,137 | -26.0% |
| Financial charges | 65/66B | €9,710 | €42,592 | +€32,882 | +339% |
| Recurring financial charges | 65 | €9,710 | €42,592 | +€32,882 | +339% |
| Profit (loss) for the period before taxes | 9903 | -€120,650 | -€58,676 | +€61,974 | +51.4% |
| Income taxes | 67/77 | €14,241 | €0 | -€14,241 | -100% |
| Profit (loss) for the period | 9904 | -€134,891 | -€58,676 | +€76,215 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,891 | -€58,676 | +€76,215 | +56.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.