APACH MANAGEMENT: 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.
APACH MANAGEMENT
Largest movements
- Cash -€18,754
down €18,754 (-83.5%), from €22,453 to €3,699
mainly Other debts (-€23,112) and Tax, wage and social debts (-€13,374)
- Receivables within one year -€8,275
down €8,275 (-36.8%), from €22,468 to €14,193
of which Other amounts receivable: -€7,042
- Tangible fixed assets -€5,303
down €5,303 (-53.5%), from €9,905 to €4,602
- Deferred charges and accrued income -€1,838
down €1,838 (-60.6%), from €3,032 to €1,195
- Other debts -€23,112
down €23,112 (-91.6%), from €25,236 to €2,124
- Tax, wage and social debts -€13,374
down €13,374 (-94.9%), from €14,099 to €725
- Profit (loss) carried forward +€3,060
up €3,060, from -€2,312 to €748
- Gross operating margin -€5,479
down €5,479 (-31.7%), from €17,301 to €11,822
- Financial income +€3,179
up €3,179 (+31,290%), from €10 to €3,189
of which Non-recurring financial income: +€3,188
- Depreciation -€3,115
down €3,115 (-44.1%), from €7,068 to €3,953
- Financial charges -€836
down €836 (-77.0%), from €1,086 to €250
- Taxes -€292
down €292 (-7.4%), from €3,930 to €3,638
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 | €57,859 | €23,689 | -€34,170 | -59.1% |
| Fixed assets | 21/28 | €9,905 | €4,602 | -€5,303 | -53.5% |
| Tangible fixed assets | 22/27 | €9,905 | €4,602 | -€5,303 | -53.5% |
| Furniture and vehicles | 24 | €9,905 | €4,602 | -€5,303 | -53.5% |
| Current assets | 29/58 | €47,954 | €19,087 | -€28,867 | -60.2% |
| Amounts receivable within one year | 40/41 | €22,468 | €14,193 | -€8,275 | -36.8% |
| Trade receivables | 40 | €12,350 | €11,117 | -€1,233 | -10.0% |
| Other amounts receivable | 41 | €10,118 | €3,075 | -€7,042 | -69.6% |
| Cash at bank and in hand | 54/58 | €22,453 | €3,699 | -€18,754 | -83.5% |
| Deferred charges and accrued income | 490/1 | €3,032 | €1,195 | -€1,838 | -60.6% |
| Total equity and liabilities | 10/49 | €57,859 | €23,689 | -€34,170 | -59.1% |
| Equity | 10/15 | €16,288 | €19,348 | +€3,060 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,312 | €748 | +€3,060 | |
| Amounts payable | 17/49 | €41,571 | €4,340 | -€37,230 | -89.6% |
| Amounts payable within one year | 42/48 | €41,571 | €4,340 | -€37,230 | -89.6% |
| Financial debts | 43 | €322 | - | -€322 | |
| Credit institutions | 430/8 | €322 | - | -€322 | |
| Trade debts | 44 | €1,913 | €1,491 | -€422 | -22.1% |
| Suppliers | 440/4 | €1,913 | €1,491 | -€422 | -22.1% |
| Taxes, remuneration and social security | 45 | €14,099 | €725 | -€13,374 | -94.9% |
| Taxes | 450/3 | €14,099 | €725 | -€13,374 | -94.9% |
| Other amounts payable | 47/48 | €25,236 | €2,124 | -€23,112 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,068 | €3,953 | -€3,115 | -44.1% |
| Other operating charges | 640/8 | €865 | €1,111 | +€246 | +28.4% |
| Non-recurring operating charges | 66A | €26 | €2,999 | +€2,973 | +11,357% |
| Gross operating margin | 9900 | €17,301 | €11,822 | -€5,479 | -31.7% |
| Operating profit (loss) | 9901 | €9,342 | €3,760 | -€5,583 | -59.8% |
| Financial income | 75/76B | €10 | €3,189 | +€3,179 | +31,290% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -90.1% |
| Non-recurring financial income | 76B | - | €3,188 | +€3,188 | |
| Financial charges | 65/66B | €1,086 | €250 | -€836 | -77.0% |
| Recurring financial charges | 65 | €1,086 | €250 | -€836 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €8,266 | €6,699 | -€1,568 | -19.0% |
| Income taxes | 67/77 | €3,930 | €3,638 | -€292 | -7.4% |
| Profit (loss) for the period | 9904 | €4,336 | €3,060 | -€1,276 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,336 | €3,060 | -€1,276 | -29.4% |
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 14 October 2026 via checked.be.