AP Beheer: what changed
Two fiscal 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 Beheer
Largest movements
- Cash +€79,405
up €79,405 (+3804.2%), from €2,087 to €81,492
mainly Receivables within one year (+€58,452) and Other debts (+€30,000)
- Receivables within one year -€58,452
down €58,452 (-96.0%), from €60,883 to €2,431
of which Trade receivables: -€58,752
- Tangible fixed assets -€10,735
down €10,735 (-2.4%), from €451,308 to €440,573
of which Land and buildings: -€12,121
- Reserves +€86,498
new in 2025: €86,498
- Profit (loss) carried forward -€84,369
down €84,369 (-100.0%), from €84,369 to €0
- Other debts +€30,000
new in 2025: €30,000
- Debts after one year -€23,460
down €23,460 (-6.1%), from €387,323 to €363,863
- Financial income -€4,355
down €4,355 (-100.0%), from €4,355 to €0
- Taxes -€1,260
down €1,260 (-64.0%), from €1,970 to €710
- Other operating charges +€972
up €972 (+136.4%), from €713 to €1,685
- Gross operating margin +€449
up €449 (+2.0%), from €22,164 to €22,613
- Depreciation +€447
up €447 (+3.7%), from €12,121 to €12,568
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.
Cash bridge derived
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 | €514,278 | €524,496 | +€10,218 | +2.0% |
| Fixed assets | 21/28 | €451,308 | €440,573 | -€10,735 | -2.4% |
| Tangible fixed assets | 22/27 | €451,308 | €440,573 | -€10,735 | -2.4% |
| Land and buildings | 22 | €451,308 | €439,186 | -€12,121 | -2.7% |
| Furniture and vehicles | 24 | - | €1,387 | +€1,387 | |
| Current assets | 29/58 | €62,970 | €83,923 | +€20,952 | +33.3% |
| Amounts receivable within one year | 40/41 | €60,883 | €2,431 | -€58,452 | -96.0% |
| Trade receivables | 40 | €59,063 | €311 | -€58,752 | -99.5% |
| Other amounts receivable | 41 | €1,820 | €2,120 | +€299 | +16.5% |
| Cash at bank and in hand | 54/58 | €2,087 | €81,492 | +€79,405 | +3804.2% |
| Total equity and liabilities | 10/49 | €514,278 | €524,496 | +€10,218 | +2.0% |
| Equity | 10/15 | €86,869 | €88,998 | +€2,130 | +2.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €86,498 | +€86,498 | |
| Distributable reserves | 133 | - | €86,498 | +€86,498 | |
| Profit (loss) carried forward | 14 | €84,369 | €0 | -€84,369 | -100.0% |
| Amounts payable | 17/49 | €427,409 | €435,497 | +€8,088 | +1.9% |
| Amounts payable after more than one year | 17 | €387,323 | €363,863 | -€23,460 | -6.1% |
| Financial debts | 170/4 | €387,323 | €363,863 | -€23,460 | -6.1% |
| Amounts payable within one year | 42/48 | €40,086 | €71,634 | +€31,548 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €23,146 | €23,460 | +€314 | +1.4% |
| Trade debts | 44 | €16,940 | €15,706 | -€1,234 | -7.3% |
| Suppliers | 440/4 | €16,940 | €15,706 | -€1,234 | -7.3% |
| Taxes, remuneration and social security | 45 | €0 | €2,468 | +€2,468 | |
| Taxes | 450/3 | €0 | €2,468 | +€2,468 | |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Non-recurring operating income | 76A | €468 | €13 | -€455 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,121 | €12,568 | +€447 | +3.7% |
| Other operating charges | 640/8 | €713 | €1,685 | +€972 | +136.4% |
| Gross operating margin | 9900 | €22,164 | €22,613 | +€449 | +2.0% |
| Operating profit (loss) | 9901 | €9,330 | €8,360 | -€969 | -10.4% |
| Financial income | 75/76B | €4,355 | €0 | -€4,355 | -100.0% |
| Recurring financial income | 75 | €4,355 | €0 | -€4,355 | -100.0% |
| Financial charges | 65/66B | €5,803 | €5,521 | -€283 | -4.9% |
| Recurring financial charges | 65 | €5,803 | €5,521 | -€283 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €7,881 | €2,840 | -€5,041 | -64.0% |
| Income taxes | 67/77 | €1,970 | €710 | -€1,260 | -64.0% |
| Profit (loss) for the period | 9904 | €5,911 | €2,130 | -€3,781 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,911 | €2,130 | -€3,781 | -64.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.