AP 4 Solutions: 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.
AP 4 Solutions
Largest movements
- Cash -€29,517
down €29,517 (-60.1%), from €49,124 to €19,607
mainly Net result for the year (-€45,633) and Trade debts (-€2,066)
- Financial fixed assets -€15,000
down €15,000 (-21.6%), from €69,443 to €54,443
- Tangible fixed assets -€4,213
down €4,213 (-22.6%), from €18,670 to €14,457
of which Other tangible fixed assets: -€3,678
- Profit (loss) carried forward -€45,633
down €45,633 (-68.9%), from €66,260 to €20,626
- Trade debts -€2,066
down €2,066 (-21.8%), from €9,480 to €7,415
- Gross operating margin -€67,184
down €67,184, from €24,790 to -€42,394
- Taxes -€2,974
down €2,974 (-89.4%), from €3,326 to €352
- Financial income +€1,500
up €1,500 (+485%), from €309 to €1,810
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 | €141,296 | €93,949 | -€47,347 | -33.5% |
| Fixed assets | 21/28 | €88,113 | €68,900 | -€19,213 | -21.8% |
| Tangible fixed assets | 22/27 | €18,670 | €14,457 | -€4,213 | -22.6% |
| Plant, machinery and equipment | 23 | €624 | €373 | -€251 | -40.2% |
| Furniture and vehicles | 24 | €727 | €442 | -€285 | -39.2% |
| Other tangible fixed assets | 26 | €17,320 | €13,642 | -€3,678 | -21.2% |
| Financial fixed assets | 28 | €69,443 | €54,443 | -€15,000 | -21.6% |
| Current assets | 29/58 | €53,183 | €25,050 | -€28,133 | -52.9% |
| Amounts receivable within one year | 40/41 | €4,059 | €5,442 | +€1,383 | +34.1% |
| Trade receivables | 40 | €2,541 | €4,825 | +€2,285 | +89.9% |
| Other amounts receivable | 41 | €1,518 | €617 | -€901 | -59.4% |
| Cash at bank and in hand | 54/58 | €49,124 | €19,607 | -€29,517 | -60.1% |
| Total equity and liabilities | 10/49 | €141,296 | €93,949 | -€47,347 | -33.5% |
| Equity | 10/15 | €128,243 | €82,610 | -€45,633 | -35.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,983 | €56,983 | = | 0.0% |
| Distributable reserves | 133 | €56,983 | €56,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,260 | €20,626 | -€45,633 | -68.9% |
| Amounts payable | 17/49 | €13,053 | €11,340 | -€1,714 | -13.1% |
| Amounts payable within one year | 42/48 | €13,053 | €11,340 | -€1,714 | -13.1% |
| Trade debts | 44 | €9,480 | €7,415 | -€2,066 | -21.8% |
| Suppliers | 440/4 | €9,480 | €7,415 | -€2,066 | -21.8% |
| Taxes, remuneration and social security | 45 | €3,573 | €3,925 | +€352 | +9.9% |
| Taxes | 450/3 | €3,573 | €3,925 | +€352 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,561 | €4,213 | -€348 | -7.6% |
| Other operating charges | 640/8 | €317 | €267 | -€49 | -15.6% |
| Gross operating margin | 9900 | €24,790 | -€42,394 | -€67,184 | |
| Operating profit (loss) | 9901 | €19,912 | -€46,875 | -€66,787 | |
| Financial income | 75/76B | €309 | €1,810 | +€1,500 | +485% |
| Recurring financial income | 75 | €309 | €1,810 | +€1,500 | +485% |
| Financial charges | 65/66B | €49 | €216 | +€167 | +338% |
| Recurring financial charges | 65 | €49 | €216 | +€167 | +338% |
| Profit (loss) for the period before taxes | 9903 | €20,172 | -€45,281 | -€65,453 | |
| Income taxes | 67/77 | €3,326 | €352 | -€2,974 | -89.4% |
| Profit (loss) for the period | 9904 | €16,846 | -€45,633 | -€62,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,846 | -€45,633 | -€62,479 |
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 24 October 2026 via checked.be.