AP's immo: what changed
Two fiscal 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's immo
Largest movements
- Cash -€23,195
down €23,195 (-5.3%), from €433,980 to €410,785
mainly Net result for the year (-€17,479) and Trade debts (-€8,749)
- Profit (loss) carried forward -€17,479
new in 2025: -€17,479
- Trade debts -€8,749
down €8,749 (-31.4%), from €27,851 to €19,102
- Other debts +€6,033
up €6,033 (+11.3%), from €53,437 to €59,470
- Gross operating margin -€512,380
down €512,380, from €505,941 to -€6,439
- Taxes -€120,029
down €120,029 (-93.1%), from €128,912 to €8,883
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.
Cash bridge derived
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 | €434,358 | €411,163 | -€23,195 | -5.3% |
| Current assets | 29/58 | €434,358 | €411,163 | -€23,195 | -5.3% |
| Amounts receivable within one year | 40/41 | €378 | €378 | = | 0.0% |
| Other amounts receivable | 41 | €378 | €378 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €433,980 | €410,785 | -€23,195 | -5.3% |
| Total equity and liabilities | 10/49 | €434,358 | €411,163 | -€23,195 | -5.3% |
| Equity | 10/15 | €224,158 | €206,679 | -€17,479 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,558 | €205,558 | = | 0.0% |
| Distributable reserves | 133 | €205,558 | €205,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,479 | -€17,479 | |
| Amounts payable | 17/49 | €210,200 | €204,484 | -€5,716 | -2.7% |
| Amounts payable within one year | 42/48 | €210,200 | €204,484 | -€5,716 | -2.7% |
| Trade debts | 44 | €27,851 | €19,102 | -€8,749 | -31.4% |
| Suppliers | 440/4 | €27,851 | €19,102 | -€8,749 | -31.4% |
| Taxes, remuneration and social security | 45 | €128,912 | €125,912 | -€3,000 | -2.3% |
| Taxes | 450/3 | €128,912 | €125,912 | -€3,000 | -2.3% |
| Other amounts payable | 47/48 | €53,437 | €59,470 | +€6,033 | +11.3% |
| Non-recurring operating income | 76A | €525,484 | €500 | -€524,984 | -99.9% |
| Other operating charges | 640/8 | €1,353 | €2,097 | +€744 | +55.0% |
| Gross operating margin | 9900 | €505,941 | -€6,439 | -€512,380 | |
| Operating profit (loss) | 9901 | €504,588 | -€8,536 | -€513,124 | |
| Financial charges | 65/66B | €3,151 | €60 | -€3,091 | -98.1% |
| Recurring financial charges | 65 | €3,151 | €60 | -€3,091 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €501,437 | -€8,596 | -€510,033 | |
| Income taxes | 67/77 | €128,912 | €8,883 | -€120,029 | -93.1% |
| Profit (loss) for the period | 9904 | €372,525 | -€17,479 | -€390,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €372,525 | -€17,479 | -€390,004 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.