ApArTe: 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.
ApArTe
Largest movements
- Receivables within one year +€28,111
up €28,111 (+387%), from €7,258 to €35,368
of which Trade receivables: +€32,418
- Other debts +€42,491
up €42,491 (+11.6%), from €366,328 to €408,819
- Gross operating margin +€8,330
up €8,330 (+14.3%), from €58,146 to €66,477
- Taxes +€1,775
up €1,775 (+13.5%), from €13,113 to €14,888
- Financial charges -€1,012
down €1,012 (-14.1%), from €7,183 to €6,172
- Financial income -€758
down €758 (-5.7%), from €13,275 to €12,517
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 | €1,143,525 | €1,180,737 | +€37,211 | +3.3% |
| Fixed assets | 21/28 | €583,068 | €583,068 | = | 0.0% |
| Financial fixed assets | 28 | €583,068 | €583,068 | = | 0.0% |
| Current assets | 29/58 | €560,457 | €597,669 | +€37,211 | +6.6% |
| Amounts receivable after more than one year | 29 | €500,667 | €505,000 | +€4,333 | +0.9% |
| Other amounts receivable | 291 | €500,667 | €505,000 | +€4,333 | +0.9% |
| Amounts receivable within one year | 40/41 | €7,258 | €35,368 | +€28,111 | +387% |
| Trade receivables | 40 | - | €32,418 | +€32,418 | |
| Other amounts receivable | 41 | €7,258 | €2,951 | -€4,307 | -59.3% |
| Cash at bank and in hand | 54/58 | €51,233 | €56,001 | +€4,768 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,143,525 | €1,180,737 | +€37,211 | +3.3% |
| Equity | 10/15 | €499,990 | €506,766 | +€6,776 | +1.4% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €49,990 | €56,766 | +€6,776 | +13.6% |
| Distributable reserves | 133 | €49,990 | €56,766 | +€6,776 | +13.6% |
| Amounts payable | 17/49 | €643,536 | €673,971 | +€30,436 | +4.7% |
| Amounts payable after more than one year | 17 | €245,667 | €234,727 | -€10,939 | -4.5% |
| Financial debts | 170/4 | €245,667 | €234,727 | -€10,939 | -4.5% |
| Amounts payable within one year | 42/48 | €397,869 | €439,244 | +€41,375 | +10.4% |
| Trade debts | 44 | €28,929 | €26,037 | -€2,891 | -10.0% |
| Suppliers | 440/4 | €28,929 | €26,037 | -€2,891 | -10.0% |
| Taxes, remuneration and social security | 45 | €2,613 | €4,388 | +€1,775 | +67.9% |
| Taxes | 450/3 | €2,613 | €4,388 | +€1,775 | +67.9% |
| Other amounts payable | 47/48 | €366,328 | €408,819 | +€42,491 | +11.6% |
| Other operating charges | 640/8 | €1,136 | €1,168 | +€33 | +2.9% |
| Gross operating margin | 9900 | €58,146 | €66,477 | +€8,330 | +14.3% |
| Operating profit (loss) | 9901 | €57,011 | €65,308 | +€8,297 | +14.6% |
| Financial income | 75/76B | €13,275 | €12,517 | -€758 | -5.7% |
| Recurring financial income | 75 | €13,275 | €12,517 | -€758 | -5.7% |
| Financial charges | 65/66B | €7,183 | €6,172 | -€1,012 | -14.1% |
| Recurring financial charges | 65 | €7,183 | €6,172 | -€1,012 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €63,103 | €71,653 | +€8,551 | +13.6% |
| Income taxes | 67/77 | €13,113 | €14,888 | +€1,775 | +13.5% |
| Profit (loss) for the period | 9904 | €49,990 | €56,766 | +€6,776 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,990 | €56,766 | +€6,776 | +13.6% |
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 22 October 2026 via checked.be.