A.P.S.S.: what changed
A.P.S.S.
Largest movements
- Current investments +€29,913
up €29,913 (+15.9%), from €188,275 to €218,188
- Cash +€16,025
up €16,025 (+281%), from €5,702 to €21,727
mainly Net result for the year (+€38,240) and Other debts (+€23,750)
- Tangible fixed assets -€11,734
down €11,734 (-89.9%), from €13,052 to €1,318
of which Furniture and vehicles: -€11,387
- Receivables after one year -€5,996
down €5,996 (-8.2%), from €73,527 to €67,531
- Receivables within one year -€5,507
down €5,507 (-23.6%), from €23,320 to €17,813
of which Other amounts receivable: -€6,021
- Other debts +€23,750
up €23,750 (+1,083%), from €2,194 to €25,944
- Tax, wage and social debts +€10,550
up €10,550 (+186%), from €5,666 to €16,217
- Current portion of long-term debt -€10,258
no longer reported in 2025 (was €10,258)
- Gross operating margin +€26,109
up €26,109 (+65.1%), from €40,098 to €66,207
- Taxes +€8,542
up €8,542 (+93.8%), from €9,111 to €17,653
- Financial income -€902
down €902 (-22.0%), from €4,098 to €3,195
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 | €305,728 | €328,337 | +€22,609 | +7.4% |
| Fixed assets | 21/28 | €13,052 | €1,318 | -€11,734 | -89.9% |
| Tangible fixed assets | 22/27 | €13,052 | €1,318 | -€11,734 | -89.9% |
| Plant, machinery and equipment | 23 | €1,666 | €1,318 | -€348 | -20.9% |
| Furniture and vehicles | 24 | €11,387 | - | -€11,387 | |
| Current assets | 29/58 | €292,676 | €327,019 | +€34,344 | +11.7% |
| Amounts receivable after more than one year | 29 | €73,527 | €67,531 | -€5,996 | -8.2% |
| Other amounts receivable | 291 | €73,527 | €67,531 | -€5,996 | -8.2% |
| Amounts receivable within one year | 40/41 | €23,320 | €17,813 | -€5,507 | -23.6% |
| Trade receivables | 40 | €15,960 | €16,475 | +€515 | +3.2% |
| Other amounts receivable | 41 | €7,359 | €1,338 | -€6,021 | -81.8% |
| Current investments | 50/53 | €188,275 | €218,188 | +€29,913 | +15.9% |
| Cash at bank and in hand | 54/58 | €5,702 | €21,727 | +€16,025 | +281% |
| Deferred charges and accrued income | 490/1 | €1,852 | €1,760 | -€92 | -5.0% |
| Total equity and liabilities | 10/49 | €305,728 | €328,337 | +€22,609 | +7.4% |
| Equity | 10/15 | €286,306 | €285,628 | -€678 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,531 | €188,854 | -€678 | -0.4% |
| Distributable reserves | 133 | €189,531 | €188,854 | -€678 | -0.4% |
| Profit (loss) carried forward | 14 | €90,574 | €90,574 | = | 0.0% |
| Amounts payable | 17/49 | €19,422 | €42,709 | +€23,287 | +120% |
| Amounts payable within one year | 42/48 | €19,422 | €42,709 | +€23,287 | +120% |
| Current portion of amounts payable after more than one year | 42 | €10,258 | - | -€10,258 | |
| Trade debts | 44 | €1,305 | €549 | -€755 | -57.9% |
| Suppliers | 440/4 | €1,305 | €549 | -€755 | -57.9% |
| Taxes, remuneration and social security | 45 | €5,666 | €16,217 | +€10,550 | +186% |
| Taxes | 450/3 | €5,666 | €16,217 | +€10,550 | +186% |
| Other amounts payable | 47/48 | €2,194 | €25,944 | +€23,750 | +1,083% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,913 | €11,734 | -€178 | -1.5% |
| Other operating charges | 640/8 | €1,347 | €1,079 | -€269 | -19.9% |
| Gross operating margin | 9900 | €40,098 | €66,207 | +€26,109 | +65.1% |
| Operating profit (loss) | 9901 | €26,838 | €53,394 | +€26,556 | +98.9% |
| Financial income | 75/76B | €4,098 | €3,195 | -€902 | -22.0% |
| Recurring financial income | 75 | €4,098 | €3,195 | -€902 | -22.0% |
| Financial charges | 65/66B | €549 | €698 | +€149 | +27.1% |
| Recurring financial charges | 65 | €549 | €698 | +€149 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €30,387 | €55,892 | +€25,505 | +83.9% |
| Income taxes | 67/77 | €9,111 | €17,653 | +€8,542 | +93.8% |
| Profit (loss) for the period | 9904 | €21,277 | €38,240 | +€16,963 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,277 | €38,240 | +€16,963 | +79.7% |
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 3 November 2026 via checked.be.