A.P. HOLDING: 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. HOLDING
Largest movements
- Tangible fixed assets -€20,832
down €20,832 (-9.4%), from €220,629 to €199,797
of which Land and buildings: -€20,832
- Receivables within one year +€14,279
up €14,279 (+6.5%), from €220,780 to €235,059
of which Other amounts receivable: +€14,279
- Debts after one year -€34,240
down €34,240 (-32.7%), from €104,824 to €70,583
- Profit (loss) carried forward +€23,728
up €23,728 (+7.6%), from €311,001 to €334,729
- Financial income +€2,415
up €2,415 (+25.3%), from €9,545 to €11,960
- Financial charges -€1,609
down €1,609 (-21.1%), from €7,626 to €6,017
- Taxes +€1,040
up €1,040 (+12.3%), from €8,487 to €9,526
- Other operating charges +€759
up €759 (+5.5%), from €13,695 to €14,453
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,094,853 | €1,088,300 | -€6,553 | -0.6% |
| Fixed assets | 21/28 | €874,072 | €853,241 | -€20,832 | -2.4% |
| Tangible fixed assets | 22/27 | €220,629 | €199,797 | -€20,832 | -9.4% |
| Land and buildings | 22 | €218,451 | €197,619 | -€20,832 | -9.5% |
| Furniture and vehicles | 24 | €2,178 | €2,178 | = | 0.0% |
| Financial fixed assets | 28 | €653,444 | €653,444 | = | 0.0% |
| Current assets | 29/58 | €220,780 | €235,059 | +€14,279 | +6.5% |
| Amounts receivable within one year | 40/41 | €220,780 | €235,059 | +€14,279 | +6.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €220,780 | €235,059 | +€14,279 | +6.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,094,853 | €1,088,300 | -€6,553 | -0.6% |
| Equity | 10/15 | €958,516 | €982,244 | +€23,728 | +2.5% |
| Contributions | 10/11 | €68,067 | €68,067 | = | 0.0% |
| Capital | 10 | €68,067 | €68,067 | = | 0.0% |
| Issued capital | 100 | €68,067 | €68,067 | = | 0.0% |
| Reserves | 13 | €579,448 | €579,448 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,807 | €6,807 | = | 0.0% |
| Legal reserve | 130 | €6,807 | €6,807 | = | 0.0% |
| Distributable reserves | 133 | €572,642 | €572,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,001 | €334,729 | +€23,728 | +7.6% |
| Amounts payable | 17/49 | €136,337 | €106,056 | -€30,281 | -22.2% |
| Amounts payable after more than one year | 17 | €104,824 | €70,583 | -€34,240 | -32.7% |
| Other amounts payable | 178/9 | €104,824 | €70,583 | -€34,240 | -32.7% |
| Amounts payable within one year | 42/48 | €26,032 | €29,473 | +€3,441 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €9,985 | €9,194 | -€791 | -7.9% |
| Credit institutions | 430/8 | €9,985 | €9,194 | -€791 | -7.9% |
| Trade debts | 44 | €7,560 | €2,265 | -€5,295 | -70.0% |
| Suppliers | 440/4 | €7,560 | €2,265 | -€5,295 | -70.0% |
| Taxes, remuneration and social security | 45 | €8,487 | €18,013 | +€9,526 | +112% |
| Taxes | 450/3 | €8,487 | €18,013 | +€9,526 | +112% |
| Accrued charges and deferred income | 492/3 | €5,481 | €6,000 | +€519 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,832 | €20,832 | = | 0.0% |
| Other operating charges | 640/8 | €13,695 | €14,453 | +€759 | +5.5% |
| Gross operating margin | 9900 | €62,981 | €62,597 | -€384 | -0.6% |
| Operating profit (loss) | 9901 | €28,454 | €27,312 | -€1,143 | -4.0% |
| Financial income | 75/76B | €9,545 | €11,960 | +€2,415 | +25.3% |
| Recurring financial income | 75 | €9,545 | €11,960 | +€2,415 | +25.3% |
| Financial charges | 65/66B | €7,626 | €6,017 | -€1,609 | -21.1% |
| Recurring financial charges | 65 | €7,626 | €6,017 | -€1,609 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €30,373 | €33,254 | +€2,881 | +9.5% |
| Income taxes | 67/77 | €8,487 | €9,526 | +€1,040 | +12.3% |
| Profit (loss) for the period | 9904 | €21,887 | €23,728 | +€1,841 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,887 | €23,728 | +€1,841 | +8.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.