Aparti: 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.
Aparti
Largest movements
- Cash +€113,270
up €113,270 (+521%), from €21,730 to €135,000
mainly Net result for the year (+€115,958) and Investment in fixed assets (net) (+€63,482)
- Tangible fixed assets -€66,700
down €66,700 (-25.4%), from €262,258 to €195,558
of which Land and buildings: -€142,243
- Receivables within one year +€48,163
up €48,163 (+428%), from €11,243 to €59,406
of which Other amounts receivable: +€27,368
- Deferred charges and accrued income +€11,790
up €11,790 (+11,487%), from €103 to €11,893
- Reserves +€83,150
up €83,150 (+41.4%), from €201,067 to €284,217
- Tax, wage and social debts +€33,036
up €33,036 (+57.8%), from €57,202 to €90,238
- Debts after one year -€9,103
down €9,103 (-22.2%), from €40,967 to €31,864
- Gross operating margin +€67,548
up €67,548 (+64.2%), from €105,268 to €172,815
- Taxes +€24,827
up €24,827 (+90.7%), from €27,387 to €52,214
- Depreciation -€6,397
down €6,397 (-66.5%), from €9,614 to €3,217
- Financial income +€3,825
up €3,825 (+742%), from €515 to €4,340
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 | €317,496 | €424,020 | +€106,524 | +33.6% |
| Fixed assets | 21/28 | €284,420 | €217,721 | -€66,700 | -23.5% |
| Tangible fixed assets | 22/27 | €262,258 | €195,558 | -€66,700 | -25.4% |
| Land and buildings | 22 | €142,243 | - | -€142,243 | |
| Plant, machinery and equipment | 23 | - | €1,465 | +€1,465 | |
| Furniture and vehicles | 24 | €469 | €11,600 | +€11,131 | +2,374% |
| Other tangible fixed assets | 26 | €12,375 | €9,544 | -€2,832 | -22.9% |
| Assets under construction and advance payments | 27 | €107,170 | €172,950 | +€65,780 | +61.4% |
| Financial fixed assets | 28 | €22,163 | €22,163 | = | 0.0% |
| Current assets | 29/58 | €33,076 | €206,299 | +€173,223 | +524% |
| Amounts receivable within one year | 40/41 | €11,243 | €59,406 | +€48,163 | +428% |
| Trade receivables | 40 | €1,838 | €22,633 | +€20,795 | +1,132% |
| Other amounts receivable | 41 | €9,405 | €36,773 | +€27,368 | +291% |
| Cash at bank and in hand | 54/58 | €21,730 | €135,000 | +€113,270 | +521% |
| Deferred charges and accrued income | 490/1 | €103 | €11,893 | +€11,790 | +11,487% |
| Total equity and liabilities | 10/49 | €317,496 | €424,020 | +€106,524 | +33.6% |
| Equity | 10/15 | €203,567 | €286,717 | +€83,150 | +40.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €201,067 | €284,217 | +€83,150 | +41.4% |
| Distributable reserves | 133 | €201,067 | €284,217 | +€83,150 | +41.4% |
| Amounts payable | 17/49 | €113,929 | €137,303 | +€23,374 | +20.5% |
| Amounts payable after more than one year | 17 | €40,967 | €31,864 | -€9,103 | -22.2% |
| Financial debts | 170/4 | €40,967 | €31,864 | -€9,103 | -22.2% |
| Amounts payable within one year | 42/48 | €72,963 | €105,439 | +€32,477 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €9,004 | €9,103 | +€99 | +1.1% |
| Trade debts | 44 | €6,756 | €6,098 | -€659 | -9.7% |
| Suppliers | 440/4 | €6,756 | €6,098 | -€659 | -9.7% |
| Taxes, remuneration and social security | 45 | €57,202 | €90,238 | +€33,036 | +57.8% |
| Taxes | 450/3 | €57,202 | €90,238 | +€33,036 | +57.8% |
| Non-recurring operating income | 76A | - | €27,288 | +€27,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,614 | €3,217 | -€6,397 | -66.5% |
| Other operating charges | 640/8 | €1,861 | €1,033 | -€828 | -44.5% |
| Gross operating margin | 9900 | €105,268 | €172,815 | +€67,548 | +64.2% |
| Operating profit (loss) | 9901 | €93,792 | €168,565 | +€74,773 | +79.7% |
| Financial income | 75/76B | €515 | €4,340 | +€3,825 | +742% |
| Recurring financial income | 75 | €515 | €4,340 | +€3,825 | +742% |
| Financial charges | 65/66B | €3,809 | €4,733 | +€924 | +24.3% |
| Recurring financial charges | 65 | €3,809 | €4,733 | +€924 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €90,499 | €168,172 | +€77,674 | +85.8% |
| Income taxes | 67/77 | €27,387 | €52,214 | +€24,827 | +90.7% |
| Profit (loss) for the period | 9904 | €63,111 | €115,958 | +€52,847 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,111 | €115,958 | +€52,847 | +83.7% |
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 24 October 2026 via checked.be.