AP EVENTS: 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 EVENTS
Largest movements
- Receivables within one year -€30,986
down €30,986 (-30.8%), from €100,713 to €69,727
of which Trade receivables: -€19,981
- Tangible fixed assets -€5,410
down €5,410 (-55.0%), from €9,828 to €4,418
- Cash -€2,072
down €2,072 (-53.0%), from €3,910 to €1,838
mainly Trade debts (-€43,857) and Other debts (-€11,822)
- Trade debts -€43,857
down €43,857 (-61.3%), from €71,528 to €27,671
- Other debts -€11,822
down €11,822 (-68.1%), from €17,362 to €5,540
- Tax, wage and social debts +€9,136
up €9,136 (+48.2%), from €18,970 to €28,105
of which Taxes: +€12,123
- Reserves +€8,000
new in 2025: €8,000
- Gross operating margin +€5,326
up €5,326 (+9.1%), from €58,820 to €64,146
- Taxes +€1,266
up €1,266 (+24.7%), from €5,130 to €6,396
- Staff costs +€1,001
up €1,001 (+2.5%), from €40,318 to €41,319
- Other operating charges +€930
up €930 (+63.2%), from €1,472 to €2,402
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 | €115,138 | €76,760 | -€38,378 | -33.3% |
| Fixed assets | 21/28 | €9,828 | €4,418 | -€5,410 | -55.0% |
| Tangible fixed assets | 22/27 | €9,828 | €4,418 | -€5,410 | -55.0% |
| Furniture and vehicles | 24 | €9,828 | €4,418 | -€5,410 | -55.0% |
| Current assets | 29/58 | €105,310 | €72,342 | -€32,968 | -31.3% |
| Amounts receivable within one year | 40/41 | €100,713 | €69,727 | -€30,986 | -30.8% |
| Trade receivables | 40 | €89,708 | €69,727 | -€19,981 | -22.3% |
| Other amounts receivable | 41 | €11,005 | - | -€11,005 | |
| Cash at bank and in hand | 54/58 | €3,910 | €1,838 | -€2,072 | -53.0% |
| Deferred charges and accrued income | 490/1 | €687 | €777 | +€90 | +13.1% |
| Total equity and liabilities | 10/49 | €115,138 | €76,760 | -€38,378 | -33.3% |
| Equity | 10/15 | €7,278 | €15,443 | +€8,165 | +112% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €6,278 | €6,443 | +€165 | +2.6% |
| Amounts payable | 17/49 | €107,859 | €61,316 | -€46,543 | -43.2% |
| Amounts payable within one year | 42/48 | €107,859 | €61,316 | -€46,543 | -43.2% |
| Trade debts | 44 | €71,528 | €27,671 | -€43,857 | -61.3% |
| Suppliers | 440/4 | €71,528 | €27,671 | -€43,857 | -61.3% |
| Taxes, remuneration and social security | 45 | €18,970 | €28,105 | +€9,136 | +48.2% |
| Taxes | 450/3 | €8,508 | €20,632 | +€12,123 | +142% |
| Remuneration and social security | 454/9 | €10,462 | €7,474 | -€2,988 | -28.6% |
| Other amounts payable | 47/48 | €17,362 | €5,540 | -€11,822 | -68.1% |
| Remuneration, social security and pensions | 62 | €40,318 | €41,319 | +€1,001 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,479 | €5,410 | -€69 | -1.3% |
| Other operating charges | 640/8 | €1,472 | €2,402 | +€930 | +63.2% |
| Gross operating margin | 9900 | €58,820 | €64,146 | +€5,326 | +9.1% |
| Operating profit (loss) | 9901 | €11,551 | €15,015 | +€3,463 | +30.0% |
| Financial charges | 65/66B | €600 | €453 | -€147 | -24.5% |
| Recurring financial charges | 65 | €600 | €453 | -€147 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €10,951 | €14,562 | +€3,610 | +33.0% |
| Income taxes | 67/77 | €5,130 | €6,396 | +€1,266 | +24.7% |
| Profit (loss) for the period | 9904 | €5,821 | €8,165 | +€2,344 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,821 | €8,165 | +€2,344 | +40.3% |
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 19 October 2026 via checked.be.