AAPC: 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.
AAPC
Largest movements
- Receivables within one year -€14,535
down €14,535 (-51.6%), from €28,143 to €13,608
of which Trade receivables: -€15,271
- Cash +€11,389
up €11,389 (+35.7%), from €31,903 to €43,291
mainly Receivables within one year (+€14,535) and Depreciation (+€10,923)
- Tangible fixed assets -€10,923
down €10,923 (-24.0%), from €45,540 to €34,618
- Stocks and contracts -€1,892
down €1,892 (-12.8%), from €14,771 to €12,879
- Trade debts -€12,605
down €12,605 (-41.4%), from €30,430 to €17,826
- Accrued charges and deferred income -€8,700
no longer reported in 2025 (was €8,700)
- Profit (loss) carried forward +€5,882
no longer reported in 2025 (was -€5,882)
- Tax, wage and social debts -€2,552
down €2,552 (-34.9%), from €7,320 to €4,768
- Gross operating margin +€5,210
up €5,210 (+33.7%), from €15,476 to €20,686
- Taxes +€1,723
up €1,723 (+12,733%), from €14 to €1,736
- Depreciation +€1,341
up €1,341 (+14.0%), from €9,581 to €10,923
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 | €120,631 | €104,674 | -€15,957 | -13.2% |
| Fixed assets | 21/28 | €45,540 | €34,618 | -€10,923 | -24.0% |
| Tangible fixed assets | 22/27 | €45,540 | €34,618 | -€10,923 | -24.0% |
| Furniture and vehicles | 24 | €45,540 | €34,618 | -€10,923 | -24.0% |
| Current assets | 29/58 | €75,091 | €70,057 | -€5,034 | -6.7% |
| Stocks and contracts in progress | 3 | €14,771 | €12,879 | -€1,892 | -12.8% |
| Stocks | 30/36 | €14,771 | €12,879 | -€1,892 | -12.8% |
| Amounts receivable within one year | 40/41 | €28,143 | €13,608 | -€14,535 | -51.6% |
| Trade receivables | 40 | €27,878 | €12,607 | -€15,271 | -54.8% |
| Other amounts receivable | 41 | €265 | €1,001 | +€736 | +278% |
| Cash at bank and in hand | 54/58 | €31,903 | €43,291 | +€11,389 | +35.7% |
| Deferred charges and accrued income | 490/1 | €275 | €278 | +€4 | +1.4% |
| Total equity and liabilities | 10/49 | €120,631 | €104,674 | -€15,957 | -13.2% |
| Equity | 10/15 | €40,398 | €47,249 | +€6,852 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,080 | €41,049 | +€970 | +2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,220 | €39,189 | +€970 | +2.5% |
| Profit (loss) carried forward | 14 | -€5,882 | - | +€5,882 | |
| Amounts payable | 17/49 | €80,234 | €57,425 | -€22,809 | -28.4% |
| Amounts payable within one year | 42/48 | €71,534 | €57,425 | -€14,109 | -19.7% |
| Trade debts | 44 | €30,430 | €17,826 | -€12,605 | -41.4% |
| Suppliers | 440/4 | €30,430 | €17,826 | -€12,605 | -41.4% |
| Taxes, remuneration and social security | 45 | €7,320 | €4,768 | -€2,552 | -34.9% |
| Taxes | 450/3 | €7,320 | €4,768 | -€2,552 | -34.9% |
| Other amounts payable | 47/48 | €33,783 | €34,832 | +€1,048 | +3.1% |
| Accrued charges and deferred income | 492/3 | €8,700 | - | -€8,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,581 | €10,923 | +€1,341 | +14.0% |
| Other operating charges | 640/8 | €973 | €1,106 | +€133 | +13.7% |
| Gross operating margin | 9900 | €15,476 | €20,686 | +€5,210 | +33.7% |
| Operating profit (loss) | 9901 | €4,922 | €8,658 | +€3,735 | +75.9% |
| Financial income | 75/76B | €8 | €28 | +€20 | +249% |
| Recurring financial income | 75 | €8 | €28 | +€20 | +249% |
| Financial charges | 65/66B | €35 | €98 | +€63 | +181% |
| Recurring financial charges | 65 | €35 | €98 | +€63 | +181% |
| Profit (loss) for the period before taxes | 9903 | €4,895 | €8,588 | +€3,692 | +75.4% |
| Income taxes | 67/77 | €14 | €1,736 | +€1,723 | +12,733% |
| Profit (loss) for the period | 9904 | €4,882 | €6,852 | +€1,970 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,882 | €6,852 | +€1,970 | +40.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.