APART CONSULTING: 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.
APART CONSULTING
Largest movements
- Tangible fixed assets +€682,360
up €682,360 (+22.0%), from €3.1m to €3.8m
of which Land and buildings: +€2.2m
- Cash +€269,306
up €269,306 (+554%), from €48,647 to €317,953
mainly Net result for the year (+€422,947) and Short-term financial debts (+€320,000)
- Receivables within one year -€254,427
down €254,427 (-32.6%), from €780,262 to €525,835
of which Other amounts receivable: -€231,595
- Reserves +€422,947
up €422,947 (+26.1%), from €1.6m to €2.0m
of which Tax-exempt reserves: +€358,097
- Short-term financial debts +€320,000
new in 2025: €320,000
- Debts after one year -€121,694
down €121,694 (-5.2%), from €2.3m to €2.2m
- Provisions +€119,649
up €119,649 (+30.1%), from €397,342 to €516,991
- Other debts -€80,386
down €80,386 (-76.5%), from €105,074 to €24,688
- Gross operating margin +€263,021
up €263,021 (+37.1%), from €709,618 to €972,639
- Staff costs +€45,926
up €45,926 (+36.5%), from €125,905 to €171,831
- Financial charges +€32,834
up €32,834 (+55.2%), from €59,510 to €92,344
- Depreciation +€18,092
up €18,092 (+18.8%), from €96,484 to €114,576
- Taxes +€14,783
up €14,783 (+65.6%), from €22,548 to €37,331
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 | €5,285,451 | €5,967,723 | +€682,273 | +12.9% |
| Fixed assets | 21/28 | €4,353,647 | €5,036,007 | +€682,360 | +15.7% |
| Tangible fixed assets | 22/27 | €3,104,647 | €3,787,007 | +€682,360 | +22.0% |
| Land and buildings | 22 | €1,508,338 | €3,673,096 | +€2.2m | +144% |
| Plant, machinery and equipment | 23 | €7,754 | €6,107 | -€1,647 | -21.2% |
| Furniture and vehicles | 24 | €149,051 | €107,804 | -€41,248 | -27.7% |
| Assets under construction and advance payments | 27 | €1,439,504 | €0 | -€1.4m | -100% |
| Financial fixed assets | 28 | €1,249,000 | €1,249,000 | = | 0.0% |
| Current assets | 29/58 | €931,803 | €931,716 | -€87 | 0.0% |
| Stocks and contracts in progress | 3 | €91,773 | €76,144 | -€15,629 | -17.0% |
| Stocks | 30/36 | €91,773 | €76,144 | -€15,629 | -17.0% |
| Amounts receivable within one year | 40/41 | €780,262 | €525,835 | -€254,427 | -32.6% |
| Trade receivables | 40 | €111,665 | €88,833 | -€22,832 | -20.4% |
| Other amounts receivable | 41 | €668,597 | €437,002 | -€231,595 | -34.6% |
| Cash at bank and in hand | 54/58 | €48,647 | €317,953 | +€269,306 | +554% |
| Deferred charges and accrued income | 490/1 | €11,122 | €11,784 | +€662 | +6.0% |
| Total equity and liabilities | 10/49 | €5,285,451 | €5,967,723 | +€682,273 | +12.9% |
| Equity | 10/15 | €2,129,994 | €2,552,941 | +€422,947 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,617,545 | €2,040,491 | +€422,947 | +26.1% |
| Tax-exempt reserves | 132 | €1,203,857 | €1,561,953 | +€358,097 | +29.7% |
| Distributable reserves | 133 | €413,688 | €478,538 | +€64,850 | +15.7% |
| Profit (loss) carried forward | 14 | €500,050 | €500,050 | = | 0.0% |
| Provisions and deferred taxes | 16 | €397,342 | €516,991 | +€119,649 | +30.1% |
| Deferred taxes | 168 | €397,342 | €516,991 | +€119,649 | +30.1% |
| Amounts payable | 17/49 | €2,758,115 | €2,897,791 | +€139,677 | +5.1% |
| Amounts payable after more than one year | 17 | €2,326,478 | €2,204,784 | -€121,694 | -5.2% |
| Financial debts | 170/4 | €2,326,478 | €2,204,784 | -€121,694 | -5.2% |
| Amounts payable within one year | 42/48 | €430,145 | €692,824 | +€262,679 | +61.1% |
| Current portion of amounts payable after more than one year | 42 | €194,765 | €204,187 | +€9,422 | +4.8% |
| Financial debts | 43 | - | €320,000 | +€320,000 | |
| Credit institutions | 430/8 | - | €320,000 | +€320,000 | |
| Trade debts | 44 | €28,595 | €5,681 | -€22,914 | -80.1% |
| Suppliers | 440/4 | €28,595 | €5,681 | -€22,914 | -80.1% |
| Taxes, remuneration and social security | 45 | €101,711 | €138,268 | +€36,557 | +35.9% |
| Taxes | 450/3 | €60,454 | €109,745 | +€49,291 | +81.5% |
| Remuneration and social security | 454/9 | €41,257 | €28,523 | -€12,734 | -30.9% |
| Other amounts payable | 47/48 | €105,074 | €24,688 | -€80,386 | -76.5% |
| Accrued charges and deferred income | 492/3 | €1,491 | €183 | -€1,308 | -87.7% |
| Remuneration, social security and pensions | 62 | €125,905 | €171,831 | +€45,926 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,484 | €114,576 | +€18,092 | +18.8% |
| Other operating charges | 640/8 | €14,331 | €17,082 | +€2,751 | +19.2% |
| Gross operating margin | 9900 | €709,618 | €972,639 | +€263,021 | +37.1% |
| Operating profit (loss) | 9901 | €472,898 | €669,150 | +€196,252 | +41.5% |
| Financial income | 75/76B | €5,880 | €3,121 | -€2,759 | -46.9% |
| Recurring financial income | 75 | €5,880 | €3,121 | -€2,759 | -46.9% |
| Financial charges | 65/66B | €59,510 | €92,344 | +€32,834 | +55.2% |
| Recurring financial charges | 65 | €59,510 | €92,344 | +€32,834 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €419,268 | €579,927 | +€160,659 | +38.3% |
| Transfer from deferred taxes | 780 | €943 | €6,508 | +€5,565 | +590% |
| Transfer to deferred taxes | 680 | €91,005 | €126,157 | +€35,152 | +38.6% |
| Income taxes | 67/77 | €22,548 | €37,331 | +€14,783 | +65.6% |
| Profit (loss) for the period | 9904 | €306,658 | €422,947 | +€116,289 | +37.9% |
| Transfer from tax-exempt reserves | 789 | €3,679 | €20,373 | +€16,694 | +454% |
| Transfer to tax-exempt reserves | 689 | €273,014 | €378,470 | +€105,456 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,323 | €64,850 | +€27,527 | +73.8% |
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 16 October 2026 via checked.be.