AP FOODS: what changed
What changed
AP FOODS
NACE 68.321, Property management for co-owned buildings (syndics)
filed annual accounts (NBB)
Net result for the year
€29,280
2024 · €11,634+€17,646
Equity
€50,909
2024 · €21,629+€29,280
Cash
€25,944
2024 · €19,794+€6,150
Balance sheet total
€109,028
2024 · €55,469+€53,559
Largest movements
Assets
- Tangible fixed assets +€47,398
up €47,398 (+436%), from €10,872 to €58,270
of which Furniture and vehicles: +€38,973
- Cash +€6,150
up €6,150 (+31.1%), from €19,794 to €25,944
mainly Net result for the year (+€29,280) and Debts after one year (+€23,584)
Equity and liabilities
- Profit (loss) carried forward +€29,280
up €29,280 (+149%), from €19,629 to €48,909
- Debts after one year +€23,584
up €23,584 (+829%), from €2,845 to €26,429
- Trade debts -€1,403
down €1,403 (-49.4%), from €2,838 to €1,435
- Current portion of long-term debt +€1,230
up €1,230 (+18.2%), from €6,757 to €7,987
Income statement
- Gross operating margin +€21,239
up €21,239 (+68.9%), from €30,847 to €52,087
- Depreciation -€5,619
down €5,619 (-78.7%), from €7,143 to €1,524
- Taxes +€4,371
up €4,371 (+56.5%), from €7,734 to €12,104
- Financial charges +€1,242
up €1,242 (+449%), from €276 to €1,518
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,634
Gross operating margin
+€21,239
Staff costs
+€297
Depreciation
+€5,619
Other operating charges
+€466
Other operating items
-€4,324
Financial income
-€39
Financial charges
-€1,242
Taxes
-€4,371
Result 2025
€29,280
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,258
Investment
-€48,922
Financing
+€24,814
Cash 2024
€19,794
From operations (derived)
+€30,258
Net result for the year
+€29,280
Depreciation
+€1,524
Receivables within one year
+€144
Deferred charges and accrued income
-€155
Trade debts
-€1,403
Tax, wage and social debts
+€931
Other debts
-€63
Investment (derived)
-€48,922
Investment in fixed assets (net)
-€48,922
Financing
+€24,814
Debts after one year
+€23,584
Current portion of long-term debt
+€1,230
Cash 2025
€25,944
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,469 | €109,028 | +€53,559 | +96.6% |
| Fixed assets | 21/28 | €34,872 | €82,270 | +€47,398 | +136% |
| Tangible fixed assets | 22/27 | €10,872 | €58,270 | +€47,398 | +436% |
| Land and buildings | 22 | €656 | €8,355 | +€7,699 | +1,174% |
| Plant, machinery and equipment | 23 | €83 | €808 | +€725 | +876% |
| Furniture and vehicles | 24 | €10,134 | €49,107 | +€38,973 | +385% |
| Financial fixed assets | 28 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €20,597 | €26,758 | +€6,161 | +29.9% |
| Amounts receivable within one year | 40/41 | €144 | - | -€144 | |
| Other amounts receivable | 41 | €144 | - | -€144 | |
| Cash at bank and in hand | 54/58 | €19,794 | €25,944 | +€6,150 | +31.1% |
| Deferred charges and accrued income | 490/1 | €659 | €814 | +€155 | +23.6% |
| Total equity and liabilities | 10/49 | €55,469 | €109,028 | +€53,559 | +96.6% |
| Equity | 10/15 | €21,629 | €50,909 | +€29,280 | +135% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,629 | €48,909 | +€29,280 | +149% |
| Amounts payable | 17/49 | €33,840 | €58,119 | +€24,279 | +71.7% |
| Amounts payable after more than one year | 17 | €2,845 | €26,429 | +€23,584 | +829% |
| Financial debts | 170/4 | €2,845 | €26,429 | +€23,584 | +829% |
| Amounts payable within one year | 42/48 | €30,994 | €31,690 | +€695 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €6,757 | €7,987 | +€1,230 | +18.2% |
| Trade debts | 44 | €2,838 | €1,435 | -€1,403 | -49.4% |
| Suppliers | 440/4 | €2,838 | €1,435 | -€1,403 | -49.4% |
| Taxes, remuneration and social security | 45 | €10,362 | €11,293 | +€931 | +9.0% |
| Taxes | 450/3 | €10,362 | €6,399 | -€3,962 | -38.2% |
| Remuneration and social security | 454/9 | - | €4,894 | +€4,894 | |
| Other amounts payable | 47/48 | €11,038 | €10,975 | -€63 | -0.6% |
| Non-recurring operating income | 76A | - | €13,420 | +€13,420 | |
| Remuneration, social security and pensions | 62 | €2,515 | €2,217 | -€297 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,143 | €1,524 | -€5,619 | -78.7% |
| Other operating charges | 640/8 | €1,585 | €1,119 | -€466 | -29.4% |
| Non-recurring operating charges | 66A | - | €4,324 | +€4,324 | |
| Gross operating margin | 9900 | €30,847 | €52,087 | +€21,239 | +68.9% |
| Operating profit (loss) | 9901 | €19,604 | €42,902 | +€23,298 | +119% |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €276 | €1,518 | +€1,242 | +449% |
| Recurring financial charges | 65 | €276 | €1,518 | +€1,242 | +449% |
| Profit (loss) for the period before taxes | 9903 | €19,367 | €41,384 | +€22,017 | +114% |
| Income taxes | 67/77 | €7,734 | €12,104 | +€4,371 | +56.5% |
| Profit (loss) for the period | 9904 | €11,634 | €29,280 | +€17,646 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €11,634 | €29,280 | +€17,646 | +152% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.