APACH: 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.
APACH
Largest movements
- Cash +€13,548
up €13,548 (+27.2%), from €49,811 to €63,359
mainly Net result for the year (+€95,143) and Receivables within one year (+€7,914)
- Receivables within one year -€7,914
down €7,914 (-14.0%), from €56,618 to €48,704
of which Trade receivables: -€5,092
- Tangible fixed assets -€3,960
down €3,960 (-32.8%), from €12,055 to €8,095
of which Furniture and vehicles: -€2,016
- Other debts +€6,000
up €6,000 (+6.7%), from €90,000 to €96,000
- Tax, wage and social debts -€3,478
down €3,478 (-54.7%), from €6,353 to €2,875
- Gross operating margin -€5,653
down €5,653 (-4.2%), from €134,039 to €128,386
- Taxes +€2,157
up €2,157 (+8.3%), from €25,921 to €28,078
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 | €118,806 | €121,556 | +€2,750 | +2.3% |
| Fixed assets | 21/28 | €12,055 | €8,095 | -€3,960 | -32.8% |
| Tangible fixed assets | 22/27 | €12,055 | €8,095 | -€3,960 | -32.8% |
| Furniture and vehicles | 24 | €5,799 | €3,783 | -€2,016 | -34.8% |
| Leasing and similar rights | 25 | €6,256 | €4,312 | -€1,944 | -31.1% |
| Current assets | 29/58 | €106,751 | €113,461 | +€6,710 | +6.3% |
| Amounts receivable within one year | 40/41 | €56,618 | €48,704 | -€7,914 | -14.0% |
| Trade receivables | 40 | €49,945 | €44,854 | -€5,092 | -10.2% |
| Other amounts receivable | 41 | €6,672 | €3,850 | -€2,822 | -42.3% |
| Cash at bank and in hand | 54/58 | €49,811 | €63,359 | +€13,548 | +27.2% |
| Deferred charges and accrued income | 490/1 | €322 | €1,398 | +€1,076 | +333.9% |
| Total equity and liabilities | 10/49 | €118,806 | €121,556 | +€2,750 | +2.3% |
| Equity | 10/15 | €19,582 | €18,724 | -€858 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €982 | €124 | -€858 | -87.4% |
| Amounts payable | 17/49 | €99,224 | €102,832 | +€3,607 | +3.6% |
| Amounts payable within one year | 42/48 | €99,224 | €102,832 | +€3,607 | +3.6% |
| Trade debts | 44 | €2,872 | €3,957 | +€1,085 | +37.8% |
| Suppliers | 440/4 | €2,872 | €3,957 | +€1,085 | +37.8% |
| Taxes, remuneration and social security | 45 | €6,353 | €2,875 | -€3,478 | -54.7% |
| Taxes | 450/3 | €6,353 | €2,875 | -€3,478 | -54.7% |
| Other amounts payable | 47/48 | €90,000 | €96,000 | +€6,000 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,178 | €3,960 | -€1,218 | -23.5% |
| Other operating charges | 640/8 | €804 | €1,064 | +€261 | +32.4% |
| Non-recurring operating charges | 66A | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | €134,039 | €128,386 | -€5,653 | -4.2% |
| Operating profit (loss) | 9901 | €118,057 | €123,361 | +€5,304 | +4.5% |
| Financial income | 75/76B | €1 | €8 | +€7 | +591.2% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +591.2% |
| Financial charges | 65/66B | €1,156 | €148 | -€1,007 | -87.2% |
| Recurring financial charges | 65 | €272 | €148 | -€123 | -45.4% |
| Non-recurring financial charges | 66B | €884 | - | -€884 | |
| Profit (loss) for the period before taxes | 9903 | €116,903 | €123,221 | +€6,318 | +5.4% |
| Income taxes | 67/77 | €25,921 | €28,078 | +€2,157 | +8.3% |
| Profit (loss) for the period | 9904 | €90,982 | €95,143 | +€4,161 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,982 | €95,143 | +€4,161 | +4.6% |
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 5 October 2026 via checked.be.