AP Investing: what changed
AP Investing
Largest movements
- Cash +€48,879
up €48,879 (+136%), from €36,065 to €84,944
mainly Net result for the year (+€26,496) and Tax, wage and social debts (+€11,685)
- Stocks and contracts -€10,657
down €10,657 (-42.1%), from €25,312 to €14,655
- Tangible fixed assets +€2,885
up €2,885 (+11.2%), from €25,797 to €28,682
of which Furniture and vehicles: +€3,099
- Deferred charges and accrued income +€1,660
new in 2024: €1,660
- Reserves +€25,000
up €25,000 (+250%), from €10,000 to €35,000
- Tax, wage and social debts +€11,685
up €11,685 (+30.7%), from €38,035 to €49,720
of which Taxes: +€11,934
- Trade debts +€9,080
up €9,080 (+28.5%), from €31,875 to €40,955
- Advances received -€3,689
no longer reported in 2024 (was €3,689)
- Profit (loss) carried forward +€1,496
up €1,496 (+106%), from €1,413 to €2,909
- Gross operating margin +€62,591
up €62,591 (+36.9%), from €169,657 to €232,248
- Staff costs +€44,933
up €44,933 (+32.9%), from €136,466 to €181,399
- Depreciation +€5,131
up €5,131 (+370%), from €1,386 to €6,517
- Taxes +€5,086
up €5,086 (+203%), from €2,500 to €7,586
- Other operating charges +€2,813
up €2,813 (+246%), from €1,143 to €3,956
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,517 | €142,725 | +€42,208 | +42.0% |
| Fixed assets | 21/28 | €25,797 | €29,282 | +€3,485 | +13.5% |
| Tangible fixed assets | 22/27 | €25,797 | €28,682 | +€2,885 | +11.2% |
| Furniture and vehicles | 24 | €23,851 | €26,950 | +€3,099 | +13.0% |
| Other tangible fixed assets | 26 | €1,946 | €1,732 | -€214 | -11.0% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €74,720 | €113,443 | +€38,723 | +51.8% |
| Stocks and contracts in progress | 3 | €25,312 | €14,655 | -€10,657 | -42.1% |
| Stocks | 30/36 | €25,312 | €14,655 | -€10,657 | -42.1% |
| Amounts receivable within one year | 40/41 | €13,343 | €12,184 | -€1,159 | -8.7% |
| Trade receivables | 40 | €13,343 | €12,184 | -€1,159 | -8.7% |
| Cash at bank and in hand | 54/58 | €36,065 | €84,944 | +€48,879 | +136% |
| Deferred charges and accrued income | 490/1 | - | €1,660 | +€1,660 | |
| Total equity and liabilities | 10/49 | €100,517 | €142,725 | +€42,208 | +42.0% |
| Equity | 10/15 | €21,413 | €47,909 | +€26,496 | +124% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €35,000 | +€25,000 | +250% |
| Distributable reserves | 133 | €10,000 | €35,000 | +€25,000 | +250% |
| Profit (loss) carried forward | 14 | €1,413 | €2,909 | +€1,496 | +106% |
| Amounts payable | 17/49 | €79,104 | €94,816 | +€15,712 | +19.9% |
| Amounts payable within one year | 42/48 | €79,104 | €94,816 | +€15,712 | +19.9% |
| Trade debts | 44 | €31,875 | €40,955 | +€9,080 | +28.5% |
| Suppliers | 440/4 | €31,875 | €40,955 | +€9,080 | +28.5% |
| Advances received on contracts in progress | 46 | €3,689 | - | -€3,689 | |
| Taxes, remuneration and social security | 45 | €38,035 | €49,720 | +€11,685 | +30.7% |
| Taxes | 450/3 | €20,362 | €32,296 | +€11,934 | +58.6% |
| Remuneration and social security | 454/9 | €17,673 | €17,424 | -€249 | -1.4% |
| Other amounts payable | 47/48 | €5,505 | €4,141 | -€1,364 | -24.8% |
| Remuneration, social security and pensions | 62 | €136,466 | €181,399 | +€44,933 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | €6,517 | +€5,131 | +370% |
| Other operating charges | 640/8 | €1,143 | €3,956 | +€2,813 | +246% |
| Gross operating margin | 9900 | €169,657 | €232,248 | +€62,591 | +36.9% |
| Operating profit (loss) | 9901 | €30,662 | €40,376 | +€9,714 | +31.7% |
| Financial income | 75/76B | €104 | €22 | -€82 | -78.8% |
| Recurring financial income | 75 | €104 | €22 | -€82 | -78.8% |
| Financial charges | 65/66B | €6,063 | €6,316 | +€253 | +4.2% |
| Recurring financial charges | 65 | €6,063 | €6,316 | +€253 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €24,703 | €34,082 | +€9,379 | +38.0% |
| Income taxes | 67/77 | €2,500 | €7,586 | +€5,086 | +203% |
| Profit (loss) for the period | 9904 | €22,203 | €26,496 | +€4,293 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,203 | €26,496 | +€4,293 | +19.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.