AP sanT: 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 sanT
Largest movements
- Cash +€6,923
up €6,923 (+20.3%), from €34,179 to €41,102
mainly Net result for the year (+€5,887) and Trade debts (+€1,272)
- Tangible fixed assets +€1,367
new in 2025: €1,367
- Reserves +€5,886
up €5,886 (+27.3%), from €21,560 to €27,446
- Trade debts +€1,272
up €1,272 (+279.5%), from €455 to €1,727
- Other debts +€546
up €546 (+12.0%), from €4,539 to €5,085
- Tax, wage and social debts +€538
up €538 (+16.8%), from €3,200 to €3,737
- Gross operating margin -€3,167
down €3,167 (-23.8%), from €13,279 to €10,112
- Taxes -€1,135
down €1,135 (-27.0%), from €4,197 to €3,061
- Depreciation +€221
new in 2025: €221
- Other operating charges +€139
up €139 (+19.1%), from €729 to €868
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 | €37,688 | €45,927 | +€8,238 | +21.9% |
| Fixed assets | 21/28 | - | €1,367 | +€1,367 | |
| Tangible fixed assets | 22/27 | - | €1,367 | +€1,367 | |
| Furniture and vehicles | 24 | - | €1,367 | +€1,367 | |
| Current assets | 29/58 | €37,688 | €44,559 | +€6,871 | +18.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €34,179 | €41,102 | +€6,923 | +20.3% |
| Deferred charges and accrued income | 490/1 | €3,509 | €3,457 | -€52 | -1.5% |
| Total equity and liabilities | 10/49 | €37,688 | €45,927 | +€8,238 | +21.9% |
| Equity | 10/15 | €29,468 | €35,354 | +€5,887 | +20.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,560 | €27,446 | +€5,886 | +27.3% |
| Distributable reserves | 133 | €21,560 | €27,446 | +€5,886 | +27.3% |
| Profit (loss) carried forward | 14 | €1,708 | €1,708 | +€1 | 0.0% |
| Amounts payable | 17/49 | €8,221 | €10,573 | +€2,352 | +28.6% |
| Amounts payable within one year | 42/48 | €8,194 | €10,549 | +€2,356 | +28.8% |
| Trade debts | 44 | €455 | €1,727 | +€1,272 | +279.5% |
| Suppliers | 440/4 | €455 | €1,727 | +€1,272 | +279.5% |
| Taxes, remuneration and social security | 45 | €3,200 | €3,737 | +€538 | +16.8% |
| Taxes | 450/3 | €3,200 | €3,737 | +€538 | +16.8% |
| Other amounts payable | 47/48 | €4,539 | €5,085 | +€546 | +12.0% |
| Accrued charges and deferred income | 492/3 | €27 | €23 | -€4 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €221 | +€221 | |
| Other operating charges | 640/8 | €729 | €868 | +€139 | +19.1% |
| Non-recurring operating charges | 66A | €30 | €0 | -€30 | -100.0% |
| Gross operating margin | 9900 | €13,279 | €10,112 | -€3,167 | -23.8% |
| Operating profit (loss) | 9901 | €12,519 | €9,023 | -€3,496 | -27.9% |
| Financial income | 75/76B | €90 | €79 | -€11 | -11.9% |
| Recurring financial income | 75 | €90 | €79 | -€11 | -11.9% |
| Financial charges | 65/66B | €154 | €154 | = | 0.0% |
| Recurring financial charges | 65 | €154 | €154 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €12,455 | €8,948 | -€3,507 | -28.2% |
| Income taxes | 67/77 | €4,197 | €3,061 | -€1,135 | -27.0% |
| Profit (loss) for the period | 9904 | €8,258 | €5,887 | -€2,372 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,258 | €5,887 | -€2,372 | -28.7% |
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 12 October 2026 via checked.be.