AP WORKS: 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 WORKS
Largest movements
- Cash -€5,718
down €5,718 (-82.7%), from €6,915 to €1,198
mainly Tax, wage and social debts (-€12,015) and Trade debts (-€5,263)
- Deferred charges and accrued income +€4,452
up €4,452 (+6,688%), from €67 to €4,518
- Tangible fixed assets -€1,333
down €1,333 (-40.5%), from €3,291 to €1,958
- Accrued charges and deferred income +€13,768
new in 2025: €13,768
- Tax, wage and social debts -€12,015
down €12,015 (-71.7%), from €16,760 to €4,745
of which Remuneration and social security: -€13,251
- Trade debts -€5,263
down €5,263 (-33.5%), from €15,715 to €10,452
- Profit (loss) carried forward +€3,074
up €3,074 (+375%), from €820 to €3,894
- Other debts -€2,497
down €2,497 (-51.3%), from €4,871 to €2,374
- Gross operating margin +€17,488
up €17,488 (+50.4%), from €34,670 to €52,158
- Staff costs +€12,165
up €12,165 (+40.8%), from €29,838 to €42,003
- Financial charges +€2,343
up €2,343 (+135%), from €1,740 to €4,084
- Taxes +€768
up €768 (+177%), from €435 to €1,202
- Depreciation +€624
up €624 (+88.0%), from €709 to €1,333
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 | €40,170 | €37,231 | -€2,939 | -7.3% |
| Fixed assets | 21/28 | €3,291 | €1,958 | -€1,333 | -40.5% |
| Tangible fixed assets | 22/27 | €3,291 | €1,958 | -€1,333 | -40.5% |
| Furniture and vehicles | 24 | €3,291 | €1,958 | -€1,333 | -40.5% |
| Current assets | 29/58 | €36,879 | €35,273 | -€1,606 | -4.4% |
| Amounts receivable within one year | 40/41 | €29,897 | €29,557 | -€340 | -1.1% |
| Trade receivables | 40 | €29,094 | €28,133 | -€961 | -3.3% |
| Other amounts receivable | 41 | €803 | €1,424 | +€621 | +77.3% |
| Cash at bank and in hand | 54/58 | €6,915 | €1,198 | -€5,718 | -82.7% |
| Deferred charges and accrued income | 490/1 | €67 | €4,518 | +€4,452 | +6,688% |
| Total equity and liabilities | 10/49 | €40,170 | €37,231 | -€2,939 | -7.3% |
| Equity | 10/15 | €2,320 | €5,394 | +€3,074 | +133% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820 | €3,894 | +€3,074 | +375% |
| Amounts payable | 17/49 | €37,850 | €31,836 | -€6,014 | -15.9% |
| Amounts payable within one year | 42/48 | €37,850 | €18,068 | -€19,782 | -52.3% |
| Financial debts | 43 | €504 | €497 | -€7 | -1.4% |
| Credit institutions | 430/8 | €504 | €0 | -€504 | -100% |
| Other loans | 439 | - | €497 | +€497 | |
| Trade debts | 44 | €15,715 | €10,452 | -€5,263 | -33.5% |
| Suppliers | 440/4 | €15,715 | €10,452 | -€5,263 | -33.5% |
| Taxes, remuneration and social security | 45 | €16,760 | €4,745 | -€12,015 | -71.7% |
| Taxes | 450/3 | €2,707 | €3,943 | +€1,235 | +45.6% |
| Remuneration and social security | 454/9 | €14,053 | €803 | -€13,251 | -94.3% |
| Other amounts payable | 47/48 | €4,871 | €2,374 | -€2,497 | -51.3% |
| Accrued charges and deferred income | 492/3 | - | €13,768 | +€13,768 | |
| Remuneration, social security and pensions | 62 | €29,838 | €42,003 | +€12,165 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €709 | €1,333 | +€624 | +88.0% |
| Other operating charges | 640/8 | €904 | €462 | -€442 | -48.9% |
| Non-recurring operating charges | 66A | €225 | €0 | -€225 | -100% |
| Gross operating margin | 9900 | €34,670 | €52,158 | +€17,488 | +50.4% |
| Operating profit (loss) | 9901 | €2,995 | €8,360 | +€5,366 | +179% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,740 | €4,084 | +€2,343 | +135% |
| Recurring financial charges | 65 | €1,740 | €4,084 | +€2,343 | +135% |
| Profit (loss) for the period before taxes | 9903 | €1,254 | €4,277 | +€3,022 | +241% |
| Income taxes | 67/77 | €435 | €1,202 | +€768 | +177% |
| Profit (loss) for the period | 9904 | €820 | €3,074 | +€2,255 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €820 | €3,074 | +€2,255 | +275% |
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 19 October 2026 via checked.be.