AP-INFI: 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-INFI
Largest movements
- Cash +€28,500
up €28,500 (+49.3%), from €57,811 to €86,311
mainly Net result for the year (+€39,585) and Other debts (+€21,021)
- Other debts +€21,021
up €21,021 (+44.3%), from €47,447 to €68,468
- Tax, wage and social debts +€7,044
up €7,044 (+94.5%), from €7,457 to €14,501
of which Taxes: +€9,044
- Gross operating margin +€12,700
up €12,700 (+29.2%), from €43,429 to €56,130
- Taxes +€5,622
up €5,622 (+64.7%), from €8,693 to €14,315
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 | €69,784 | €97,324 | +€27,540 | +39.5% |
| Formation expenses | 20 | €1,683 | €825 | -€859 | -51.0% |
| Current assets | 29/58 | €68,100 | €96,499 | +€28,399 | +41.7% |
| Amounts receivable within one year | 40/41 | €9,581 | €9,618 | +€36 | +0.4% |
| Trade receivables | 40 | €8,696 | €9,618 | +€921 | +10.6% |
| Other amounts receivable | 41 | €885 | - | -€885 | |
| Cash at bank and in hand | 54/58 | €57,811 | €86,311 | +€28,500 | +49.3% |
| Deferred charges and accrued income | 490/1 | €708 | €570 | -€138 | -19.4% |
| Total equity and liabilities | 10/49 | €69,784 | €97,324 | +€27,540 | +39.5% |
| Equity | 10/15 | €13,696 | €13,696 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €7,696 | €7,696 | = | 0.0% |
| Distributable reserves | 133 | €7,696 | €7,696 | = | 0.0% |
| Amounts payable | 17/49 | €56,087 | €83,628 | +€27,540 | +49.1% |
| Amounts payable within one year | 42/48 | €56,087 | €83,628 | +€27,540 | +49.1% |
| Trade debts | 44 | €1,183 | €658 | -€525 | -44.3% |
| Suppliers | 440/4 | €1,183 | €658 | -€525 | -44.3% |
| Taxes, remuneration and social security | 45 | €7,457 | €14,501 | +€7,044 | +94.5% |
| Taxes | 450/3 | €5,457 | €14,501 | +€9,044 | +166% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €47,447 | €68,468 | +€21,021 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €859 | €859 | = | 0.0% |
| Other operating charges | 640/8 | €873 | €765 | -€108 | -12.4% |
| Gross operating margin | 9900 | €43,429 | €56,130 | +€12,700 | +29.2% |
| Operating profit (loss) | 9901 | €41,697 | €54,506 | +€12,808 | +30.7% |
| Financial income | 75/76B | €327 | €537 | +€210 | +64.2% |
| Recurring financial income | 75 | €327 | €537 | +€210 | +64.2% |
| Financial charges | 65/66B | €1,574 | €1,143 | -€431 | -27.4% |
| Recurring financial charges | 65 | €1,574 | €1,143 | -€431 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €40,451 | €53,900 | +€13,449 | +33.2% |
| Income taxes | 67/77 | €8,693 | €14,315 | +€5,622 | +64.7% |
| Profit (loss) for the period | 9904 | €31,758 | €39,585 | +€7,827 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,758 | €39,585 | +€7,827 | +24.6% |
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 18 October 2026 via checked.be.