AP-IC: 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-IC
Largest movements
- Cash -€662
down €662 (-54.1%), from €1,222 to €561
mainly Net result for the year (-€893) and Receivables within one year (-€95)
- Formation expenses -€326
down €326 (-28.2%), from €1,157 to €831
- Receivables within one year +€95
up €95 (+24.8%), from €385 to €480
of which Other amounts receivable: +€182
- Profit (loss) carried forward -€893
down €893 (-58.1%), from -€1,537 to -€2,430
- Gross operating margin -€43
down €43 (-9.1%), from -€477 to -€520
- Financial charges +€19
up €19 (+71.4%), from €27 to €46
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 | €2,764 | €1,871 | -€893 | -32.3% |
| Formation expenses | 20 | €1,157 | €831 | -€326 | -28.2% |
| Current assets | 29/58 | €1,607 | €1,041 | -€566 | -35.2% |
| Amounts receivable within one year | 40/41 | €385 | €480 | +€95 | +24.8% |
| Trade receivables | 40 | €87 | - | -€87 | |
| Other amounts receivable | 41 | €298 | €480 | +€182 | +61.1% |
| Cash at bank and in hand | 54/58 | €1,222 | €561 | -€662 | -54.1% |
| Total equity and liabilities | 10/49 | €2,764 | €1,871 | -€893 | -32.3% |
| Equity | 10/15 | €1,463 | €570 | -€893 | -61.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,537 | -€2,430 | -€893 | -58.1% |
| Amounts payable | 17/49 | €1,301 | €1,301 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,301 | €1,301 | = | 0.0% |
| Other amounts payable | 47/48 | €1,301 | €1,301 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €326 | = | 0.0% |
| Gross operating margin | 9900 | -€477 | -€520 | -€43 | -9.1% |
| Operating profit (loss) | 9901 | -€803 | -€846 | -€43 | -5.4% |
| Financial charges | 65/66B | €27 | €46 | +€19 | +71.4% |
| Recurring financial charges | 65 | €27 | €46 | +€19 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | -€830 | -€893 | -€63 | -7.6% |
| Profit (loss) for the period | 9904 | -€830 | -€893 | -€63 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€830 | -€893 | -€63 | -7.6% |
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 29 September 2026 via checked.be.