AP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€22,422
up €22,422 (+356%), from €6,301 to €28,723
of which Trade receivables: +€13,606
- Cash +€3,218
up €3,218 (+14.9%), from €21,554 to €24,772
mainly Net result for the year (+€12,978) and Advances received (+€11,151)
- Profit (loss) carried forward +€12,978
up €12,978 (+75.1%), from €17,272 to €30,251
- Advances received +€11,151
new in 2025: €11,151
- Tax, wage and social debts +€1,510
up €1,510 (+15.8%), from €9,583 to €11,093
- Gross operating margin -€5,028
down €5,028 (-21.4%), from €23,483 to €18,455
- Taxes -€403
down €403 (-7.0%), from €5,748 to €5,345
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 | €27,855 | €53,495 | +€25,640 | +92.0% |
| Current assets | 29/58 | €27,855 | €53,495 | +€25,640 | +92.0% |
| Amounts receivable within one year | 40/41 | €6,301 | €28,723 | +€22,422 | +356% |
| Trade receivables | 40 | €5,301 | €18,907 | +€13,606 | +257% |
| Other amounts receivable | 41 | €1,000 | €9,816 | +€8,816 | +882% |
| Cash at bank and in hand | 54/58 | €21,554 | €24,772 | +€3,218 | +14.9% |
| Total equity and liabilities | 10/49 | €27,855 | €53,495 | +€25,640 | +92.0% |
| Equity | 10/15 | €18,272 | €31,251 | +€12,978 | +71.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,272 | €30,251 | +€12,978 | +75.1% |
| Amounts payable | 17/49 | €9,583 | €22,244 | +€12,662 | +132% |
| Amounts payable within one year | 42/48 | €9,583 | €22,244 | +€12,662 | +132% |
| Advances received on contracts in progress | 46 | - | €11,151 | +€11,151 | |
| Taxes, remuneration and social security | 45 | €9,583 | €11,093 | +€1,510 | +15.8% |
| Taxes | 450/3 | €9,583 | €11,093 | +€1,510 | +15.8% |
| Other operating charges | 640/8 | €168 | €27 | -€141 | -83.6% |
| Gross operating margin | 9900 | €23,483 | €18,455 | -€5,028 | -21.4% |
| Operating profit (loss) | 9901 | €23,315 | €18,427 | -€4,888 | -21.0% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €295 | €116 | -€179 | -60.8% |
| Recurring financial charges | 65 | €295 | €116 | -€179 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €23,020 | €18,323 | -€4,697 | -20.4% |
| Income taxes | 67/77 | €5,748 | €5,345 | -€403 | -7.0% |
| Profit (loss) for the period | 9904 | €17,272 | €12,978 | -€4,294 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,272 | €12,978 | -€4,294 | -24.9% |
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 13 October 2026 via checked.be.