AP-EXPERTISE4U: 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-EXPERTISE4U
Largest movements
- Cash -€167,537
down €167,537 (-66.1%), from €253,456 to €85,919
mainly Contributions, distributions and other (-€322,000) and Other debts (-€1,278)
- Receivables within one year -€36,295
down €36,295 (-65.9%), from €55,112 to €18,817
of which Other amounts receivable: -€25,000
- Tangible fixed assets -€12,476
down €12,476 (-64.3%), from €19,414 to €6,939
- Profit (loss) carried forward -€216,883
down €216,883 (-55.5%), from €391,113 to €174,230
- Financial income -€2,625
down €2,625 (-75.6%), from €3,473 to €849
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 | €427,125 | €210,997 | -€216,128 | -50.6% |
| Fixed assets | 21/28 | €19,414 | €6,939 | -€12,476 | -64.3% |
| Tangible fixed assets | 22/27 | €19,414 | €6,939 | -€12,476 | -64.3% |
| Furniture and vehicles | 24 | €19,414 | €6,939 | -€12,476 | -64.3% |
| Current assets | 29/58 | €407,710 | €204,058 | -€203,652 | -50.0% |
| Amounts receivable within one year | 40/41 | €55,112 | €18,817 | -€36,295 | -65.9% |
| Trade receivables | 40 | €29,766 | €18,471 | -€11,295 | -37.9% |
| Other amounts receivable | 41 | €25,346 | €346 | -€25,000 | -98.6% |
| Current investments | 50/53 | €97,127 | €97,127 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €253,456 | €85,919 | -€167,537 | -66.1% |
| Deferred charges and accrued income | 490/1 | €2,015 | €2,195 | +€180 | +8.9% |
| Total equity and liabilities | 10/49 | €427,125 | €210,997 | -€216,128 | -50.6% |
| Equity | 10/15 | €411,518 | €194,635 | -€216,883 | -52.7% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €391,113 | €174,230 | -€216,883 | -55.5% |
| Amounts payable | 17/49 | €15,607 | €16,362 | +€755 | +4.8% |
| Amounts payable within one year | 42/48 | €15,607 | €16,362 | +€755 | +4.8% |
| Trade debts | 44 | €1,957 | €916 | -€1,041 | -53.2% |
| Suppliers | 440/4 | €1,957 | €916 | -€1,041 | -53.2% |
| Taxes, remuneration and social security | 45 | €8,412 | €11,486 | +€3,074 | +36.5% |
| Taxes | 450/3 | €8,412 | €11,486 | +€3,074 | +36.5% |
| Other amounts payable | 47/48 | €5,238 | €3,959 | -€1,278 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,476 | €12,476 | = | 0.0% |
| Other operating charges | 640/8 | €388 | €401 | +€13 | +3.4% |
| Non-recurring operating charges | 66A | - | €8,958 | +€8,958 | |
| Gross operating margin | 9900 | €164,879 | €165,569 | +€690 | +0.4% |
| Operating profit (loss) | 9901 | €152,015 | €143,734 | -€8,282 | -5.4% |
| Financial income | 75/76B | €3,473 | €849 | -€2,625 | -75.6% |
| Recurring financial income | 75 | €3,473 | €849 | -€2,625 | -75.6% |
| Financial charges | 65/66B | €83 | €84 | +€1 | +1.2% |
| Recurring financial charges | 65 | €83 | €84 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €155,406 | €144,498 | -€10,907 | -7.0% |
| Income taxes | 67/77 | €39,694 | €39,382 | -€312 | -0.8% |
| Profit (loss) for the period | 9904 | €115,712 | €105,117 | -€10,595 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,712 | €105,117 | -€10,595 | -9.2% |
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 23 October 2026 via checked.be.