AP mediacenter: 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 mediacenter
Largest movements
- Cash +€102,468
up €102,468 (+118%), from €86,654 to €189,123
mainly Current investments (+€86,349) and Depreciation (+€14,624)
- Current investments -€86,349
down €86,349 (-15.7%), from €549,104 to €462,755
- Tangible fixed assets -€14,624
down €14,624 (-12.7%), from €114,959 to €100,334
of which Land and buildings: -€13,902
- Receivables within one year +€10,586
up €10,586 (+54.1%), from €19,557 to €30,142
of which Other amounts receivable: +€9,029
- Profit (loss) carried forward +€12,882
up €12,882 (+12.0%), from €107,466 to €120,348
- Taxes -€3,264
down €3,264, from €2,944 to -€320
- Financial income -€1,662
down €1,662 (-11.0%), from €15,155 to €13,493
- Gross operating margin -€905
down €905 (-5.9%), from €15,305 to €14,400
- Other operating charges -€500
down €500 (-41.5%), from €1,203 to €704
- Depreciation +€239
up €239 (+1.7%), from €14,386 to €14,624
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 | €772,873 | €784,901 | +€12,028 | +1.6% |
| Fixed assets | 21/28 | €114,959 | €100,334 | -€14,624 | -12.7% |
| Tangible fixed assets | 22/27 | €114,959 | €100,334 | -€14,624 | -12.7% |
| Land and buildings | 22 | €113,078 | €99,176 | -€13,902 | -12.3% |
| Plant, machinery and equipment | 23 | €1,881 | €1,158 | -€723 | -38.4% |
| Current assets | 29/58 | €657,914 | €684,567 | +€26,653 | +4.1% |
| Stocks and contracts in progress | 3 | €119 | €159 | +€41 | +34.4% |
| Stocks | 30/36 | €119 | €159 | +€41 | +34.4% |
| Amounts receivable within one year | 40/41 | €19,557 | €30,142 | +€10,586 | +54.1% |
| Trade receivables | 40 | €12,243 | €13,800 | +€1,557 | +12.7% |
| Other amounts receivable | 41 | €7,313 | €16,342 | +€9,029 | +123% |
| Current investments | 50/53 | €549,104 | €462,755 | -€86,349 | -15.7% |
| Cash at bank and in hand | 54/58 | €86,654 | €189,123 | +€102,468 | +118% |
| Deferred charges and accrued income | 490/1 | €2,481 | €2,388 | -€93 | -3.8% |
| Total equity and liabilities | 10/49 | €772,873 | €784,901 | +€12,028 | +1.6% |
| Equity | 10/15 | €765,466 | €778,348 | +€12,882 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €638,000 | €638,000 | = | 0.0% |
| Distributable reserves | 133 | €638,000 | €638,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,466 | €120,348 | +€12,882 | +12.0% |
| Amounts payable | 17/49 | €7,408 | €6,554 | -€854 | -11.5% |
| Amounts payable within one year | 42/48 | €7,408 | €6,554 | -€854 | -11.5% |
| Trade debts | 44 | €3,068 | €4,881 | +€1,813 | +59.1% |
| Suppliers | 440/4 | €3,068 | €4,881 | +€1,813 | +59.1% |
| Taxes, remuneration and social security | 45 | €3,119 | €1,672 | -€1,446 | -46.4% |
| Taxes | 450/3 | €3,119 | €1,672 | -€1,446 | -46.4% |
| Other amounts payable | 47/48 | €1,221 | - | -€1,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,386 | €14,624 | +€239 | +1.7% |
| Other operating charges | 640/8 | €1,203 | €704 | -€500 | -41.5% |
| Gross operating margin | 9900 | €15,305 | €14,400 | -€905 | -5.9% |
| Operating profit (loss) | 9901 | -€284 | -€928 | -€644 | -226% |
| Financial income | 75/76B | €15,155 | €13,493 | -€1,662 | -11.0% |
| Recurring financial income | 75 | €15,155 | €13,493 | -€1,662 | -11.0% |
| Financial charges | 65/66B | €86 | €3 | -€83 | -96.8% |
| Recurring financial charges | 65 | €86 | €3 | -€83 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €14,785 | €12,562 | -€2,222 | -15.0% |
| Income taxes | 67/77 | €2,944 | -€320 | -€3,264 | |
| Profit (loss) for the period | 9904 | €11,841 | €12,882 | +€1,042 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,841 | €12,882 | +€1,042 | +8.8% |
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.