A.P.I. AUDERGHEM: what changed
A.P.I. AUDERGHEM
Largest movements
- Receivables within one year -€80,893
down €80,893 (-35.4%), from €228,726 to €147,833
of which Trade receivables: -€85,865
- Cash +€22,945
up €22,945 (+50.3%), from €45,613 to €68,558
mainly Receivables within one year (+€80,893) and Depreciation (+€46,321)
- Tangible fixed assets -€17,326
down €17,326 (-6.6%), from €262,663 to €245,337
of which Other tangible fixed assets: -€15,724
- Stocks and contracts -€11,107
down €11,107 (-9.6%), from €116,108 to €105,001
- Other debts -€80,000
down €80,000 (-83.3%), from €96,001 to €16,001
- Current portion of long-term debt -€14,880
down €14,880 (-68.3%), from €21,796 to €6,916
- Trade debts +€14,580
up €14,580 (+7.0%), from €207,753 to €222,333
- Gross operating margin -€80,406
down €80,406 (-18.6%), from €431,401 to €350,995
- Staff costs +€45,122
up €45,122 (+17.9%), from €252,423 to €297,545
- Taxes -€32,041
no longer reported in 2025 (was €32,041)
- Financial charges -€10,577
down €10,577 (-65.6%), from €16,122 to €5,546
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 | €654,231 | €567,849 | -€86,382 | -13.2% |
| Fixed assets | 21/28 | €263,784 | €246,457 | -€17,326 | -6.6% |
| Tangible fixed assets | 22/27 | €262,663 | €245,337 | -€17,326 | -6.6% |
| Furniture and vehicles | 24 | €6,026 | €4,424 | -€1,602 | -26.6% |
| Other tangible fixed assets | 26 | €256,637 | €240,913 | -€15,724 | -6.1% |
| Financial fixed assets | 28 | €1,121 | €1,121 | = | 0.0% |
| Current assets | 29/58 | €390,447 | €321,392 | -€69,055 | -17.7% |
| Stocks and contracts in progress | 3 | €116,108 | €105,001 | -€11,107 | -9.6% |
| Stocks | 30/36 | €116,108 | €105,001 | -€11,107 | -9.6% |
| Amounts receivable within one year | 40/41 | €228,726 | €147,833 | -€80,893 | -35.4% |
| Trade receivables | 40 | €208,697 | €122,833 | -€85,865 | -41.1% |
| Other amounts receivable | 41 | €20,029 | €25,000 | +€4,971 | +24.8% |
| Cash at bank and in hand | 54/58 | €45,613 | €68,558 | +€22,945 | +50.3% |
| Total equity and liabilities | 10/49 | €654,231 | €567,849 | -€86,382 | -13.2% |
| Equity | 10/15 | €267,191 | €269,341 | +€2,150 | +0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €248,599 | €250,749 | +€2,150 | +0.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €246,740 | €248,890 | +€2,150 | +0.9% |
| Amounts payable | 17/49 | €387,040 | €298,508 | -€88,532 | -22.9% |
| Amounts payable after more than one year | 17 | €4,789 | - | -€4,789 | |
| Financial debts | 170/4 | €4,789 | - | -€4,789 | |
| Amounts payable within one year | 42/48 | €382,251 | €298,508 | -€83,743 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €21,796 | €6,916 | -€14,880 | -68.3% |
| Trade debts | 44 | €207,753 | €222,333 | +€14,580 | +7.0% |
| Suppliers | 440/4 | €207,753 | €222,333 | +€14,580 | +7.0% |
| Taxes, remuneration and social security | 45 | €56,701 | €53,258 | -€3,443 | -6.1% |
| Taxes | 450/3 | €13,631 | €9,383 | -€4,248 | -31.2% |
| Remuneration and social security | 454/9 | €43,070 | €43,875 | +€805 | +1.9% |
| Other amounts payable | 47/48 | €96,001 | €16,001 | -€80,000 | -83.3% |
| Remuneration, social security and pensions | 62 | €252,423 | €297,545 | +€45,122 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,878 | €46,321 | +€443 | +1.0% |
| Other operating charges | 640/8 | €1,743 | €1,517 | -€226 | -13.0% |
| Gross operating margin | 9900 | €431,401 | €350,995 | -€80,406 | -18.6% |
| Operating profit (loss) | 9901 | €131,358 | €5,612 | -€125,745 | -95.7% |
| Financial income | 75/76B | €139 | €2,083 | +€1,945 | +1,404% |
| Recurring financial income | 75 | €139 | €2,083 | +€1,945 | +1,404% |
| Non-recurring financial income | 76B | €139 | - | -€139 | |
| Financial charges | 65/66B | €16,122 | €5,546 | -€10,577 | -65.6% |
| Recurring financial charges | 65 | €16,122 | €5,546 | -€10,577 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €115,374 | €2,150 | -€113,224 | -98.1% |
| Income taxes | 67/77 | €32,041 | - | -€32,041 | |
| Profit (loss) for the period | 9904 | €83,333 | €2,150 | -€81,183 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,333 | €2,150 | -€81,183 | -97.4% |
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 2 November 2026 via checked.be.