AP.MECANIC'S: 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.MECANIC'S
Largest movements
- Cash +€97,916
up €97,916 (+208%), from €47,126 to €145,042
mainly Net result for the year (+€87,483) and Trade debts (+€65,501)
- Receivables within one year +€45,133
up €45,133 (+178%), from €25,333 to €70,465
of which Trade receivables: +€54,659
- Tangible fixed assets +€5,954
up €5,954 (+4.2%), from €142,594 to €148,548
of which Furniture and vehicles: +€9,791
- Profit (loss) carried forward +€89,761
up €89,761 (+1,142%), from €7,862 to €97,623
- Trade debts +€65,501
up €65,501 (+906%), from €7,227 to €72,728
- Debts after one year -€23,171
down €23,171 (-18.1%), from €127,969 to €104,799
of which Financial debts: -€23,171
- Tax, wage and social debts +€18,291
up €18,291 (+402%), from €4,545 to €22,837
of which Taxes: +€12,466
- Gross operating margin +€133,666
up €133,666 (+197%), from €67,895 to €201,561
- Taxes +€30,272
up €30,272 (+14,820%), from €204 to €30,477
- Staff costs +€11,475
up €11,475 (+67.6%), from €16,977 to €28,452
- Depreciation +€5,871
up €5,871 (+13.3%), from €44,126 to €49,996
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 | €223,132 | €370,890 | +€147,758 | +66.2% |
| Fixed assets | 21/28 | €148,264 | €154,218 | +€5,954 | +4.0% |
| Tangible fixed assets | 22/27 | €142,594 | €148,548 | +€5,954 | +4.2% |
| Furniture and vehicles | 24 | €108,844 | €118,635 | +€9,791 | +9.0% |
| Other tangible fixed assets | 26 | €33,750 | €29,913 | -€3,837 | -11.4% |
| Financial fixed assets | 28 | €5,670 | €5,670 | = | 0.0% |
| Current assets | 29/58 | €74,868 | €216,673 | +€141,804 | +189% |
| Amounts receivable within one year | 40/41 | €25,333 | €70,465 | +€45,133 | +178% |
| Trade receivables | 40 | €14,848 | €69,506 | +€54,659 | +368% |
| Other amounts receivable | 41 | €10,485 | €959 | -€9,526 | -90.9% |
| Cash at bank and in hand | 54/58 | €47,126 | €145,042 | +€97,916 | +208% |
| Deferred charges and accrued income | 490/1 | €2,410 | €1,165 | -€1,245 | -51.6% |
| Total equity and liabilities | 10/49 | €223,132 | €370,890 | +€147,758 | +66.2% |
| Equity | 10/15 | €32,352 | €119,835 | +€87,483 | +270% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,890 | €3,612 | -€2,278 | -38.7% |
| Tax-exempt reserves | 132 | €4,030 | €1,752 | -€2,278 | -56.5% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,862 | €97,623 | +€89,761 | +1,142% |
| Provisions and deferred taxes | 16 | €1,343 | €584 | -€759 | -56.5% |
| Deferred taxes | 168 | €1,343 | €584 | -€759 | -56.5% |
| Amounts payable | 17/49 | €189,436 | €250,471 | +€61,035 | +32.2% |
| Amounts payable after more than one year | 17 | €127,969 | €104,799 | -€23,171 | -18.1% |
| Financial debts | 170/4 | €47,969 | €24,799 | -€23,171 | -48.3% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,259 | €145,220 | +€83,961 | +137% |
| Current portion of amounts payable after more than one year | 42 | €23,044 | €23,171 | +€126 | +0.5% |
| Trade debts | 44 | €7,227 | €72,728 | +€65,501 | +906% |
| Suppliers | 440/4 | €7,227 | €72,728 | +€65,501 | +906% |
| Taxes, remuneration and social security | 45 | €4,545 | €22,837 | +€18,291 | +402% |
| Taxes | 450/3 | €370 | €12,836 | +€12,466 | +3,368% |
| Remuneration and social security | 454/9 | €4,175 | €10,000 | +€5,825 | +140% |
| Other amounts payable | 47/48 | €26,443 | €26,485 | +€42 | +0.2% |
| Accrued charges and deferred income | 492/3 | €208 | €453 | +€245 | +117% |
| Remuneration, social security and pensions | 62 | €16,977 | €28,452 | +€11,475 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,126 | €49,996 | +€5,871 | +13.3% |
| Other operating charges | 640/8 | €1,772 | €1,604 | -€168 | -9.5% |
| Gross operating margin | 9900 | €67,895 | €201,561 | +€133,666 | +197% |
| Operating profit (loss) | 9901 | €5,021 | €121,509 | +€116,488 | +2,320% |
| Financial income | 75/76B | €6 | €5 | -€1 | -18.4% |
| Recurring financial income | 75 | €6 | €5 | -€1 | -18.4% |
| Financial charges | 65/66B | €4,424 | €4,314 | -€110 | -2.5% |
| Recurring financial charges | 65 | €4,424 | €4,314 | -€110 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €603 | €117,200 | +€116,597 | +19,326% |
| Transfer from deferred taxes | 780 | €759 | €759 | = | 0.0% |
| Income taxes | 67/77 | €204 | €30,477 | +€30,272 | +14,820% |
| Profit (loss) for the period | 9904 | €1,158 | €87,483 | +€86,324 | +7,452% |
| Transfer from tax-exempt reserves | 789 | €2,278 | €2,278 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,436 | €89,761 | +€86,324 | +2,512% |
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.