AP SOFT: 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 SOFT
Largest movements
- Tangible fixed assets +€39,469
up €39,469 (+130%), from €30,341 to €69,810
of which Furniture and vehicles: +€43,150
- Cash -€17,648
down €17,648 (-23.0%), from €76,614 to €58,967
mainly Investment in fixed assets (net) (-€62,431) and Contributions, distributions and other (-€23,870)
- Receivables within one year +€3,945
up €3,945 (+23.2%), from €17,022 to €20,967
- Debts after one year +€24,087
new in 2025: €24,087
- Reserves -€4,757
down €4,757 (-4.3%), from €111,862 to €107,106
- Tax, wage and social debts +€3,799
up €3,799 (+40.1%), from €9,464 to €13,263
of which Taxes: +€3,814
- Current portion of long-term debt +€2,903
up €2,903 (+44.2%), from €6,562 to €9,464
- Gross operating margin +€18,895
up €18,895 (+41.5%), from €45,578 to €64,473
- Depreciation +€10,325
up €10,325 (+81.7%), from €12,639 to €22,964
- Taxes +€2,486
up €2,486 (+39.9%), from €6,228 to €8,714
- Other operating charges -€2,455
down €2,455 (-17.1%), from €14,339 to €11,884
- Financial charges +€1,203
up €1,203 (+200%), from €600 to €1,803
of which Financial charges: +€1,139
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 | €139,275 | €165,537 | +€26,261 | +18.9% |
| Fixed assets | 21/28 | €30,343 | €69,810 | +€39,467 | +130% |
| Tangible fixed assets | 22/27 | €30,341 | €69,810 | +€39,469 | +130% |
| Land and buildings | 22 | €14,879 | €11,773 | -€3,105 | -20.9% |
| Plant, machinery and equipment | 23 | €1,331 | €755 | -€576 | -43.3% |
| Furniture and vehicles | 24 | €14,131 | €57,281 | +€43,150 | +305% |
| Financial fixed assets | 28 | €2 | - | -€2 | |
| Current assets | 29/58 | €108,933 | €95,727 | -€13,206 | -12.1% |
| Stocks and contracts in progress | 3 | €13,654 | €13,781 | +€126 | +0.9% |
| Stocks | 30/36 | €13,654 | €13,781 | +€126 | +0.9% |
| Amounts receivable within one year | 40/41 | €17,022 | €20,967 | +€3,945 | +23.2% |
| Trade receivables | 40 | €17,022 | €20,967 | +€3,945 | +23.2% |
| Cash at bank and in hand | 54/58 | €76,614 | €58,967 | -€17,648 | -23.0% |
| Deferred charges and accrued income | 490/1 | €1,642 | €2,012 | +€370 | +22.6% |
| Total equity and liabilities | 10/49 | €139,275 | €165,537 | +€26,261 | +18.9% |
| Equity | 10/15 | €113,862 | €109,106 | -€4,757 | -4.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €111,862 | €107,106 | -€4,757 | -4.3% |
| Distributable reserves | 133 | €111,862 | €107,106 | -€4,757 | -4.3% |
| Amounts payable | 17/49 | €25,413 | €56,431 | +€31,018 | +122% |
| Amounts payable after more than one year | 17 | - | €24,087 | +€24,087 | |
| Financial debts | 170/4 | - | €24,087 | +€24,087 | |
| Amounts payable within one year | 42/48 | €25,413 | €31,250 | +€5,837 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €6,562 | €9,464 | +€2,903 | +44.2% |
| Trade debts | 44 | €5,199 | €3,881 | -€1,318 | -25.4% |
| Suppliers | 440/4 | €5,199 | €3,881 | -€1,318 | -25.4% |
| Taxes, remuneration and social security | 45 | €9,464 | €13,263 | +€3,799 | +40.1% |
| Taxes | 450/3 | €7,094 | €10,908 | +€3,814 | +53.8% |
| Remuneration and social security | 454/9 | €2,370 | €2,355 | -€15 | -0.6% |
| Other amounts payable | 47/48 | €4,189 | €4,642 | +€453 | +10.8% |
| Accrued charges and deferred income | 492/3 | - | €1,094 | +€1,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,639 | €22,964 | +€10,325 | +81.7% |
| Other operating charges | 640/8 | €14,339 | €11,884 | -€2,455 | -17.1% |
| Gross operating margin | 9900 | €45,578 | €64,473 | +€18,895 | +41.5% |
| Operating profit (loss) | 9901 | €18,600 | €29,625 | +€11,025 | +59.3% |
| Financial income | 75/76B | €3 | €4 | +€1 | +49.3% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +49.3% |
| Financial charges | 65/66B | €600 | €1,803 | +€1,203 | +200% |
| Recurring financial charges | 65 | €600 | €1,739 | +€1,139 | +190% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €18,003 | €27,827 | +€9,824 | +54.6% |
| Income taxes | 67/77 | €6,228 | €8,714 | +€2,486 | +39.9% |
| Profit (loss) for the period | 9904 | €11,775 | €19,113 | +€7,338 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,775 | €19,113 | +€7,338 | +62.3% |
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.