A.P.S. Immo: 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.S. Immo
Largest movements
- Receivables within one year +€203,019
up €203,019 (+209%), from €97,138 to €300,157
of which Trade receivables: +€185,404
- Tangible fixed assets +€194,655
up €194,655 (+35.6%), from €547,081 to €741,736
of which Land and buildings: +€144,655
- Trade debts +€237,201
up €237,201 (+1,037%), from €22,864 to €260,065
- Debts after one year +€122,277
up €122,277 (+265%), from €46,142 to €168,418
- Other debts +€26,781
new in 2025: €26,781
- Gross operating margin +€8,553
up €8,553 (+36.1%), from €23,660 to €32,212
- Other operating charges -€1,647
down €1,647 (-10.1%), from €16,309 to €14,662
- Depreciation +€1,123
up €1,123 (+5.8%), from €19,233 to €20,356
- Financial charges +€950
up €950 (+52.2%), from €1,821 to €2,771
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 | €647,374 | €1,044,340 | +€396,967 | +61.3% |
| Fixed assets | 21/28 | €547,081 | €741,736 | +€194,655 | +35.6% |
| Tangible fixed assets | 22/27 | €547,081 | €741,736 | +€194,655 | +35.6% |
| Land and buildings | 22 | €547,081 | €691,736 | +€144,655 | +26.4% |
| Assets under construction and advance payments | 27 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €100,293 | €302,604 | +€202,311 | +202% |
| Amounts receivable within one year | 40/41 | €97,138 | €300,157 | +€203,019 | +209% |
| Trade receivables | 40 | €36,192 | €221,596 | +€185,404 | +512% |
| Other amounts receivable | 41 | €60,946 | €78,561 | +€17,616 | +28.9% |
| Cash at bank and in hand | 54/58 | €1,795 | €665 | -€1,130 | -63.0% |
| Deferred charges and accrued income | 490/1 | €1,360 | €1,782 | +€422 | +31.1% |
| Total equity and liabilities | 10/49 | €647,374 | €1,044,340 | +€396,967 | +61.3% |
| Equity | 10/15 | €566,389 | €560,818 | -€5,571 | -1.0% |
| Contributions | 10/11 | €579,000 | €579,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,611 | -€18,182 | -€5,571 | -44.2% |
| Amounts payable | 17/49 | €80,985 | €483,522 | +€402,538 | +497% |
| Amounts payable after more than one year | 17 | €46,142 | €168,418 | +€122,277 | +265% |
| Financial debts | 170/4 | €46,142 | €168,418 | +€122,277 | +265% |
| Amounts payable within one year | 42/48 | €34,843 | €308,029 | +€273,186 | +784% |
| Current portion of amounts payable after more than one year | 42 | €10,291 | €17,723 | +€7,432 | +72.2% |
| Trade debts | 44 | €22,864 | €260,065 | +€237,201 | +1,037% |
| Suppliers | 440/4 | €22,864 | €260,065 | +€237,201 | +1,037% |
| Taxes, remuneration and social security | 45 | €1,687 | €3,460 | +€1,772 | +105% |
| Taxes | 450/3 | €1,687 | €3,460 | +€1,772 | +105% |
| Other amounts payable | 47/48 | - | €26,781 | +€26,781 | |
| Accrued charges and deferred income | 492/3 | - | €7,075 | +€7,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,233 | €20,356 | +€1,123 | +5.8% |
| Other operating charges | 640/8 | €16,309 | €14,662 | -€1,647 | -10.1% |
| Gross operating margin | 9900 | €23,660 | €32,212 | +€8,553 | +36.1% |
| Operating profit (loss) | 9901 | -€11,882 | -€2,805 | +€9,077 | +76.4% |
| Financial income | 75/76B | €60 | €5 | -€55 | -91.2% |
| Recurring financial income | 75 | €60 | €5 | -€55 | -91.2% |
| Financial charges | 65/66B | €1,821 | €2,771 | +€950 | +52.2% |
| Recurring financial charges | 65 | €1,821 | €2,771 | +€950 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,643 | -€5,571 | +€8,072 | +59.2% |
| Profit (loss) for the period | 9904 | -€13,643 | -€5,571 | +€8,072 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,643 | -€5,571 | +€8,072 | +59.2% |
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.