AP.Tech: 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.Tech
Largest movements
- Stocks and contracts -€21,822
down €21,822 (-63.5%), from €34,339 to €12,517
- Tangible fixed assets -€11,292
down €11,292 (-34.8%), from €32,429 to €21,137
of which Furniture and vehicles: -€11,304
- Receivables within one year -€5,817
down €5,817 (-29.5%), from €19,699 to €13,882
of which Trade receivables: -€5,862
- Deferred charges and accrued income +€2,660
new in 2025: €2,660
- Cash -€2,009
down €2,009 (-6.1%), from €32,954 to €30,944
mainly Trade debts (-€20,365) and Net result for the year (-€15,301)
- Trade debts -€20,365
no longer reported in 2025 (was €20,365)
- Profit (loss) carried forward -€15,301
down €15,301 (-22.7%), from €67,497 to €52,196
- Debts after one year -€5,130
down €5,130 (-53.6%), from €9,564 to €4,434
- Other debts +€2,216
up €2,216 (+3577.4%), from €62 to €2,277
- Gross operating margin -€36,478
down €36,478 (-98.7%), from €36,967 to €488
- Taxes -€4,130
down €4,130 (-97.0%), from €4,260 to €130
- Depreciation -€1,203
down €1,203 (-8.7%), from €13,845 to €12,642
- Other operating charges -€741
down €741 (-84.3%), from €878 to €138
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 | €123,347 | €85,067 | -€38,280 | -31.0% |
| Fixed assets | 21/28 | €32,609 | €21,317 | -€11,292 | -34.6% |
| Tangible fixed assets | 22/27 | €32,429 | €21,137 | -€11,292 | -34.8% |
| Land and buildings | 22 | - | €1,050 | +€1,050 | |
| Plant, machinery and equipment | 23 | €1,038 | - | -€1,038 | |
| Furniture and vehicles | 24 | €31,391 | €20,087 | -€11,304 | -36.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €90,738 | €63,751 | -€26,988 | -29.7% |
| Stocks and contracts in progress | 3 | €34,339 | €12,517 | -€21,822 | -63.5% |
| Stocks | 30/36 | €34,339 | €12,517 | -€21,822 | -63.5% |
| Amounts receivable within one year | 40/41 | €19,699 | €13,882 | -€5,817 | -29.5% |
| Trade receivables | 40 | €10,868 | €5,006 | -€5,862 | -53.9% |
| Other amounts receivable | 41 | €8,831 | €8,876 | +€45 | +0.5% |
| Current investments | 50/53 | €3,747 | €3,747 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,954 | €30,944 | -€2,009 | -6.1% |
| Deferred charges and accrued income | 490/1 | - | €2,660 | +€2,660 | |
| Total equity and liabilities | 10/49 | €123,347 | €85,067 | -€38,280 | -31.0% |
| Equity | 10/15 | €86,097 | €70,796 | -€15,301 | -17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €15,000 | +€15,000 | |
| Issued capital | 100 | - | €15,000 | +€15,000 | |
| Outside capital | 11 | - | €3,600 | +€3,600 | |
| Other | 1109/19 | - | €3,600 | +€3,600 | |
| Profit (loss) carried forward | 14 | €67,497 | €52,196 | -€15,301 | -22.7% |
| Amounts payable | 17/49 | €37,250 | €14,271 | -€22,979 | -61.7% |
| Amounts payable after more than one year | 17 | €9,564 | €4,434 | -€5,130 | -53.6% |
| Financial debts | 170/4 | €9,564 | €4,434 | -€5,130 | -53.6% |
| Amounts payable within one year | 42/48 | €27,686 | €9,837 | -€17,849 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €4,929 | €5,130 | +€201 | +4.1% |
| Trade debts | 44 | €20,365 | - | -€20,365 | |
| Suppliers | 440/4 | €20,365 | - | -€20,365 | |
| Taxes, remuneration and social security | 45 | €2,330 | €2,430 | +€100 | +4.3% |
| Remuneration and social security | 454/9 | €2,330 | €2,430 | +€100 | +4.3% |
| Other amounts payable | 47/48 | €62 | €2,277 | +€2,216 | +3577.4% |
| Remuneration, social security and pensions | 62 | €2,086 | €2,272 | +€186 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,845 | €12,642 | -€1,203 | -8.7% |
| Other operating charges | 640/8 | €878 | €138 | -€741 | -84.3% |
| Gross operating margin | 9900 | €36,967 | €488 | -€36,478 | -98.7% |
| Operating profit (loss) | 9901 | €20,158 | -€14,563 | -€34,720 | |
| Financial income | 75/76B | €109 | €17 | -€92 | -84.5% |
| Recurring financial income | 75 | €109 | €17 | -€92 | -84.5% |
| Financial charges | 65/66B | €866 | €625 | -€241 | -27.8% |
| Recurring financial charges | 65 | €866 | €625 | -€241 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €19,400 | -€15,171 | -€34,571 | |
| Income taxes | 67/77 | €4,260 | €130 | -€4,130 | -97.0% |
| Profit (loss) for the period | 9904 | €15,140 | -€15,301 | -€30,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,140 | -€15,301 | -€30,441 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.