A.P.I.: 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.I.
Largest movements
- Cash +€51
up €51 (+80.7%), from €63 to €114
mainly Other debts (+€534)
- Other debts +€534
up €534 (+1.6%), from €34,258 to €34,792
- Profit (loss) carried forward -€483
down €483 (-0.9%), from -€52,795 to -€53,278
- Write-downs -€51,919
no longer reported in 2025 (was €51,919)
- Gross operating margin -€7,902
down €7,902, from €7,836 to -€66
- Other operating charges -€394
no longer reported in 2025 (was €394)
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 | €63 | €114 | +€51 | +80.7% |
| Current assets | 29/58 | €63 | €114 | +€51 | +80.7% |
| Cash at bank and in hand | 54/58 | €63 | €114 | +€51 | +80.7% |
| Total equity and liabilities | 10/49 | €63 | €114 | +€51 | +80.7% |
| Equity | 10/15 | -€34,195 | -€34,678 | -€483 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,795 | -€53,278 | -€483 | -0.9% |
| Amounts payable | 17/49 | €34,258 | €34,792 | +€534 | +1.6% |
| Amounts payable within one year | 42/48 | €34,258 | €34,792 | +€534 | +1.6% |
| Other amounts payable | 47/48 | €34,258 | €34,792 | +€534 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,919 | - | -€51,919 | |
| Other operating charges | 640/8 | €394 | - | -€394 | |
| Gross operating margin | 9900 | €7,836 | -€66 | -€7,902 | |
| Operating profit (loss) | 9901 | -€44,477 | -€66 | +€44,411 | +99.9% |
| Financial charges | 65/66B | €353 | €417 | +€64 | +18.2% |
| Recurring financial charges | 65 | €353 | €417 | +€64 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,830 | -€483 | +€44,347 | +98.9% |
| Profit (loss) for the period | 9904 | -€44,830 | -€483 | +€44,347 | +98.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,830 | -€483 | +€44,347 | +98.9% |
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 13 October 2026 via checked.be.