APART05: 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.
APART05
Largest movements
- Tangible fixed assets -€13,722
down €13,722 (-21.7%), from €63,163 to €49,441
of which Land and buildings: -€13,919
- Receivables within one year +€12,146
up €12,146 (+9.9%), from €122,601 to €134,746
of which Other amounts receivable: +€70,373
- Trade debts +€52,289
up €52,289 (+662%), from €7,897 to €60,186
- Reserves -€22,183
down €22,183 (-11.0%), from €201,788 to €179,605
of which Distributable reserves: -€20,323
- Tax, wage and social debts -€18,693
down €18,693 (-61.5%), from €30,408 to €11,714
of which Taxes: -€26,389
- Debts after one year -€11,547
down €11,547 (-27.4%), from €42,138 to €30,591
- Gross operating margin -€11,727
down €11,727 (-10.4%), from €112,503 to €100,776
- Staff costs +€9,003
up €9,003 (+25.5%), from €35,280 to €44,284
- Taxes -€7,461
down €7,461 (-49.8%), from €14,991 to €7,529
- Financial charges +€3,526
up €3,526 (+128%), from €2,762 to €6,288
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 | €314,303 | €313,798 | -€505 | -0.2% |
| Fixed assets | 21/28 | €66,576 | €52,755 | -€13,822 | -20.8% |
| Intangible fixed assets | 21 | €3,414 | €814 | -€2,600 | -76.2% |
| Tangible fixed assets | 22/27 | €63,163 | €49,441 | -€13,722 | -21.7% |
| Land and buildings | 22 | €53,565 | €39,646 | -€13,919 | -26.0% |
| Plant, machinery and equipment | 23 | €4,009 | €3,293 | -€716 | -17.9% |
| Furniture and vehicles | 24 | €5,588 | €6,502 | +€914 | +16.3% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €247,727 | €261,043 | +€13,317 | +5.4% |
| Amounts receivable after more than one year | 29 | €75,000 | €72,500 | -€2,500 | -3.3% |
| Trade receivables | 290 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 291 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Amounts receivable within one year | 40/41 | €122,601 | €134,746 | +€12,146 | +9.9% |
| Trade receivables | 40 | €114,314 | €56,087 | -€58,227 | -50.9% |
| Other amounts receivable | 41 | €8,287 | €78,659 | +€70,373 | +849% |
| Cash at bank and in hand | 54/58 | €46,780 | €49,856 | +€3,076 | +6.6% |
| Deferred charges and accrued income | 490/1 | €3,346 | €3,941 | +€595 | +17.8% |
| Total equity and liabilities | 10/49 | €314,303 | €313,798 | -€505 | -0.2% |
| Equity | 10/15 | €220,701 | €198,518 | -€22,183 | -10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €201,788 | €179,605 | -€22,183 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €199,928 | €179,605 | -€20,323 | -10.2% |
| Profit (loss) carried forward | 14 | €6,513 | €6,513 | = | 0.0% |
| Amounts payable | 17/49 | €93,602 | €115,280 | +€21,678 | +23.2% |
| Amounts payable after more than one year | 17 | €42,138 | €30,591 | -€11,547 | -27.4% |
| Financial debts | 170/4 | €42,138 | €30,591 | -€11,547 | -27.4% |
| Amounts payable within one year | 42/48 | €51,464 | €84,689 | +€33,225 | +64.6% |
| Current portion of amounts payable after more than one year | 42 | €11,386 | €11,547 | +€161 | +1.4% |
| Trade debts | 44 | €7,897 | €60,186 | +€52,289 | +662% |
| Suppliers | 440/4 | €7,897 | €60,186 | +€52,289 | +662% |
| Advances received on contracts in progress | 46 | €693 | €831 | +€138 | +20.0% |
| Taxes, remuneration and social security | 45 | €30,408 | €11,714 | -€18,693 | -61.5% |
| Taxes | 450/3 | €26,389 | - | -€26,389 | |
| Remuneration and social security | 454/9 | €4,018 | €11,714 | +€7,696 | +192% |
| Other amounts payable | 47/48 | €1,080 | €411 | -€669 | -62.0% |
| Non-recurring operating income | 76A | €10,077 | - | -€10,077 | |
| Remuneration, social security and pensions | 62 | €35,280 | €44,284 | +€9,003 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,356 | €22,278 | -€1,079 | -4.6% |
| Other operating charges | 640/8 | €2,794 | €3,582 | +€788 | +28.2% |
| Gross operating margin | 9900 | €112,503 | €100,776 | -€11,727 | -10.4% |
| Operating profit (loss) | 9901 | €51,073 | €30,634 | -€20,439 | -40.0% |
| Financial income | 75/76B | €386 | €1 | -€385 | -99.8% |
| Recurring financial income | 75 | €386 | €1 | -€385 | -99.8% |
| Financial charges | 65/66B | €2,762 | €6,288 | +€3,526 | +128% |
| Recurring financial charges | 65 | €2,762 | €6,288 | +€3,526 | +128% |
| Profit (loss) for the period before taxes | 9903 | €48,697 | €24,346 | -€24,351 | -50.0% |
| Income taxes | 67/77 | €14,991 | €7,529 | -€7,461 | -49.8% |
| Profit (loss) for the period | 9904 | €33,707 | €16,817 | -€16,889 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,707 | €16,817 | -€16,889 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.