A.P.M.J.: 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.M.J.
Largest movements
- Cash +€62,910
up €62,910 (+279%), from €22,584 to €85,495
mainly Accrued charges and deferred income (+€51,951) and Net result for the year (+€17,301)
- Tangible fixed assets -€13,563
down €13,563 (-3.3%), from €405,389 to €391,826
of which Land and buildings: -€12,553
- Receivables within one year -€11,273
down €11,273 (-69.2%), from €16,298 to €5,025
- Accrued charges and deferred income +€51,951
up €51,951 (+613%), from €8,477 to €60,428
- Other debts -€35,915
down €35,915 (-10.8%), from €331,061 to €295,145
- Profit (loss) carried forward +€17,301
up €17,301 (+21.6%), from €79,968 to €97,270
- Gross operating margin +€15,391
up €15,391 (+43.3%), from €35,508 to €50,899
- Taxes +€3,649
up €3,649 (+125%), from €2,923 to €6,572
- Financial charges -€775
down €775 (-9.1%), from €8,480 to €7,704
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 | €446,876 | €484,473 | +€37,597 | +8.4% |
| Fixed assets | 21/28 | €405,389 | €391,826 | -€13,563 | -3.3% |
| Tangible fixed assets | 22/27 | €405,389 | €391,826 | -€13,563 | -3.3% |
| Land and buildings | 22 | €397,666 | €385,113 | -€12,553 | -3.2% |
| Furniture and vehicles | 24 | €2,360 | €2,467 | +€107 | +4.6% |
| Other tangible fixed assets | 26 | €5,363 | €4,246 | -€1,117 | -20.8% |
| Current assets | 29/58 | €41,487 | €92,647 | +€51,160 | +123% |
| Amounts receivable within one year | 40/41 | €16,298 | €5,025 | -€11,273 | -69.2% |
| Trade receivables | 40 | €16,298 | €5,025 | -€11,273 | -69.2% |
| Cash at bank and in hand | 54/58 | €22,584 | €85,495 | +€62,910 | +279% |
| Deferred charges and accrued income | 490/1 | €2,605 | €2,127 | -€478 | -18.3% |
| Total equity and liabilities | 10/49 | €446,876 | €484,473 | +€37,597 | +8.4% |
| Equity | 10/15 | €100,419 | €117,721 | +€17,301 | +17.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,968 | €97,270 | +€17,301 | +21.6% |
| Amounts payable | 17/49 | €346,457 | €366,752 | +€20,296 | +5.9% |
| Amounts payable within one year | 42/48 | €337,980 | €306,324 | -€31,656 | -9.4% |
| Trade debts | 44 | €1,214 | €1,761 | +€547 | +45.0% |
| Suppliers | 440/4 | €1,214 | €1,761 | +€547 | +45.0% |
| Taxes, remuneration and social security | 45 | €5,705 | €9,418 | +€3,713 | +65.1% |
| Taxes | 450/3 | €5,705 | €9,418 | +€3,713 | +65.1% |
| Other amounts payable | 47/48 | €331,061 | €295,145 | -€35,915 | -10.8% |
| Accrued charges and deferred income | 492/3 | €8,477 | €60,428 | +€51,951 | +613% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,919 | €15,047 | +€129 | +0.9% |
| Other operating charges | 640/8 | €4,188 | €4,309 | +€122 | +2.9% |
| Gross operating margin | 9900 | €35,508 | €50,899 | +€15,391 | +43.3% |
| Operating profit (loss) | 9901 | €16,402 | €31,542 | +€15,140 | +92.3% |
| Financial income | 75/76B | €9 | €35 | +€27 | +316% |
| Recurring financial income | 75 | €9 | €35 | +€27 | +316% |
| Financial charges | 65/66B | €8,480 | €7,704 | -€775 | -9.1% |
| Recurring financial charges | 65 | €8,480 | €7,704 | -€775 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €7,931 | €23,873 | +€15,942 | +201% |
| Income taxes | 67/77 | €2,923 | €6,572 | +€3,649 | +125% |
| Profit (loss) for the period | 9904 | €5,008 | €17,301 | +€12,293 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €5,008 | €17,301 | +€12,293 | +245% |
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 19 October 2026 via checked.be.