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 +€182,633
up €182,633 (+562%), from €32,469 to €215,103
mainly Receivables within one year (+€174,388) and Net result for the year (+€171,318)
- Receivables within one year -€174,388
down €174,388 (-98.6%), from €176,782 to €2,394
of which Other amounts receivable: -€175,000
- Other debts +€9,000
up €9,000 (+5.6%), from €162,000 to €171,000
- Tax, wage and social debts -€4,133
down €4,133 (-26.4%), from €15,679 to €11,546
- Trade debts +€3,058
up €3,058 (+38.6%), from €7,931 to €10,990
- Gross operating margin +€12,476
up €12,476 (+5.7%), from €218,433 to €230,909
- Taxes +€3,455
up €3,455 (+6.4%), from €54,046 to €57,501
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 | €209,251 | €217,497 | +€8,246 | +3.9% |
| Current assets | 29/58 | €209,251 | €217,497 | +€8,246 | +3.9% |
| Amounts receivable within one year | 40/41 | €176,782 | €2,394 | -€174,388 | -98.6% |
| Trade receivables | 40 | €1,782 | €2,394 | +€612 | +34.4% |
| Other amounts receivable | 41 | €175,000 | €0 | -€175,000 | -100% |
| Cash at bank and in hand | 54/58 | €32,469 | €215,103 | +€182,633 | +562% |
| Total equity and liabilities | 10/49 | €209,251 | €217,497 | +€8,246 | +3.9% |
| Equity | 10/15 | €22,575 | €22,894 | +€318 | +1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €575 | €894 | +€318 | +55.4% |
| Amounts payable | 17/49 | €186,676 | €194,603 | +€7,927 | +4.2% |
| Amounts payable within one year | 42/48 | €185,610 | €193,536 | +€7,926 | +4.3% |
| Trade debts | 44 | €7,931 | €10,990 | +€3,058 | +38.6% |
| Suppliers | 440/4 | €7,931 | €10,990 | +€3,058 | +38.6% |
| Taxes, remuneration and social security | 45 | €15,679 | €11,546 | -€4,133 | -26.4% |
| Taxes | 450/3 | €15,679 | €11,546 | -€4,133 | -26.4% |
| Other amounts payable | 47/48 | €162,000 | €171,000 | +€9,000 | +5.6% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,067 | +€1 | +0.1% |
| Other operating charges | 640/8 | €1,194 | €1,160 | -€33 | -2.8% |
| Gross operating margin | 9900 | €218,433 | €230,909 | +€12,476 | +5.7% |
| Operating profit (loss) | 9901 | €217,239 | €229,749 | +€12,510 | +5.8% |
| Financial charges | 65/66B | €1,056 | €930 | -€126 | -11.9% |
| Recurring financial charges | 65 | €1,056 | €930 | -€126 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €216,183 | €228,819 | +€12,636 | +5.8% |
| Income taxes | 67/77 | €54,046 | €57,501 | +€3,455 | +6.4% |
| Profit (loss) for the period | 9904 | €162,137 | €171,318 | +€9,181 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €162,137 | €171,318 | +€9,181 | +5.7% |
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 16 October 2026 via checked.be.