AP Conseil: 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 Conseil
Largest movements
- Cash +€45,188
up €45,188 (+209.1%), from €21,610 to €66,798
mainly Other debts (+€35,410) and Receivables within one year (+€21,047)
- Receivables within one year -€21,047
down €21,047 (-79.3%), from €26,526 to €5,479
of which Trade receivables: -€23,319
- Tangible fixed assets -€9,203
down €9,203 (-18.8%), from €48,825 to €39,622
of which Furniture and vehicles: -€8,868
- Other debts +€35,410
new in 2025: €35,410
- Reserves -€20,402
down €20,402 (-40.7%), from €50,092 to €29,690
- Debts after one year -€7,637
down €7,637 (-23.8%), from €32,122 to €24,486
- Tax, wage and social debts +€7,165
up €7,165 (+161.6%), from €4,433 to €11,598
- Taxes +€9,588
up €9,588 (+504.7%), from €1,900 to €11,488
- Gross operating margin -€8,814
down €8,814 (-17.3%), from €50,977 to €42,162
- Depreciation +€8,545
up €8,545 (+535.1%), from €1,597 to €10,141
- Other operating charges +€3,309
up €3,309 (+368.2%), from €899 to €4,208
- Financial charges +€1,056
up €1,056 (+311.3%), from €339 to €1,395
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 | €98,388 | €113,311 | +€14,923 | +15.2% |
| Fixed assets | 21/28 | €48,885 | €39,682 | -€9,203 | -18.8% |
| Tangible fixed assets | 22/27 | €48,825 | €39,622 | -€9,203 | -18.8% |
| Plant, machinery and equipment | 23 | €366 | €31 | -€335 | -91.6% |
| Furniture and vehicles | 24 | €48,459 | €39,591 | -€8,868 | -18.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €49,502 | €73,629 | +€24,126 | +48.7% |
| Amounts receivable within one year | 40/41 | €26,526 | €5,479 | -€21,047 | -79.3% |
| Trade receivables | 40 | €23,319 | - | -€23,319 | |
| Other amounts receivable | 41 | €3,207 | €5,479 | +€2,272 | +70.8% |
| Cash at bank and in hand | 54/58 | €21,610 | €66,798 | +€45,188 | +209.1% |
| Deferred charges and accrued income | 490/1 | €1,367 | €1,352 | -€14 | -1.1% |
| Total equity and liabilities | 10/49 | €98,388 | €113,311 | +€14,923 | +15.2% |
| Equity | 10/15 | €52,592 | €32,190 | -€20,402 | -38.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,092 | €29,690 | -€20,402 | -40.7% |
| Distributable reserves | 133 | €50,092 | €29,690 | -€20,402 | -40.7% |
| Amounts payable | 17/49 | €45,796 | €81,121 | +€35,325 | +77.1% |
| Amounts payable after more than one year | 17 | €32,122 | €24,486 | -€7,637 | -23.8% |
| Financial debts | 170/4 | €32,122 | €24,486 | -€7,637 | -23.8% |
| Amounts payable within one year | 42/48 | €13,674 | €56,635 | +€42,961 | +314.2% |
| Current portion of amounts payable after more than one year | 42 | €7,388 | €7,637 | +€249 | +3.4% |
| Trade debts | 44 | €1,853 | €1,990 | +€137 | +7.4% |
| Suppliers | 440/4 | €1,853 | €1,990 | +€137 | +7.4% |
| Taxes, remuneration and social security | 45 | €4,433 | €11,598 | +€7,165 | +161.6% |
| Taxes | 450/3 | €4,433 | €11,598 | +€7,165 | +161.6% |
| Other amounts payable | 47/48 | - | €35,410 | +€35,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597 | €10,141 | +€8,545 | +535.1% |
| Other operating charges | 640/8 | €899 | €4,208 | +€3,309 | +368.2% |
| Non-recurring operating charges | 66A | €328 | - | -€328 | |
| Gross operating margin | 9900 | €50,977 | €42,162 | -€8,814 | -17.3% |
| Operating profit (loss) | 9901 | €48,153 | €27,813 | -€20,340 | -42.2% |
| Financial income | 75/76B | €52 | €79 | +€26 | +50.5% |
| Recurring financial income | 75 | €52 | €79 | +€26 | +50.5% |
| Financial charges | 65/66B | €339 | €1,395 | +€1,056 | +311.3% |
| Recurring financial charges | 65 | €339 | €1,395 | +€1,056 | +311.3% |
| Profit (loss) for the period before taxes | 9903 | €47,866 | €26,497 | -€21,369 | -44.6% |
| Income taxes | 67/77 | €1,900 | €11,488 | +€9,588 | +504.7% |
| Profit (loss) for the period | 9904 | €45,966 | €15,009 | -€30,957 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,966 | €15,009 | -€30,957 | -67.3% |
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 10 October 2026 via checked.be.