APAT: 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.
APAT
Largest movements
- Cash +€5,643
up €5,643 (+64,051%), from €9 to €5,652
mainly Net result for the year (+€18,988) and Depreciation (+€1,672)
- Receivables within one year +€3,956
up €3,956 (+19.5%), from €20,245 to €24,201
of which Other amounts receivable: +€3,056
- Tangible fixed assets -€1,672
down €1,672 (-34.0%), from €4,918 to €3,245
- Profit (loss) carried forward +€18,988
up €18,988 (+3,331%), from €570 to €19,558
- Other debts -€9,864
no longer reported in 2025 (was €9,864)
- Trade debts -€2,319
down €2,319 (-99.2%), from €2,337 to €18
- Tax, wage and social debts +€1,122
new in 2025: €1,122
- Gross operating margin +€16,733
up €16,733 (+219%), from €7,630 to €24,363
- Other operating charges +€2,651
up €2,651 (+301%), from €882 to €3,533
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 | €25,172 | €33,098 | +€7,927 | +31.5% |
| Fixed assets | 21/28 | €4,918 | €3,245 | -€1,672 | -34.0% |
| Tangible fixed assets | 22/27 | €4,918 | €3,245 | -€1,672 | -34.0% |
| Furniture and vehicles | 24 | €4,918 | €3,245 | -€1,672 | -34.0% |
| Current assets | 29/58 | €20,254 | €29,853 | +€9,599 | +47.4% |
| Amounts receivable within one year | 40/41 | €20,245 | €24,201 | +€3,956 | +19.5% |
| Trade receivables | 40 | €17,500 | €18,400 | +€900 | +5.1% |
| Other amounts receivable | 41 | €2,745 | €5,802 | +€3,056 | +111% |
| Cash at bank and in hand | 54/58 | €9 | €5,652 | +€5,643 | +64,051% |
| Total equity and liabilities | 10/49 | €25,172 | €33,098 | +€7,927 | +31.5% |
| Equity | 10/15 | €12,970 | €31,958 | +€18,988 | +146% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €570 | €19,558 | +€18,988 | +3,331% |
| Amounts payable | 17/49 | €12,202 | €1,140 | -€11,061 | -90.7% |
| Amounts payable within one year | 42/48 | €12,202 | €1,140 | -€11,061 | -90.7% |
| Trade debts | 44 | €2,337 | €18 | -€2,319 | -99.2% |
| Suppliers | 440/4 | €2,337 | €18 | -€2,319 | -99.2% |
| Taxes, remuneration and social security | 45 | - | €1,122 | +€1,122 | |
| Taxes | 450/3 | - | €1,122 | +€1,122 | |
| Other amounts payable | 47/48 | €9,864 | - | -€9,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €1,672 | = | 0.0% |
| Other operating charges | 640/8 | €882 | €3,533 | +€2,651 | +301% |
| Gross operating margin | 9900 | €7,630 | €24,363 | +€16,733 | +219% |
| Operating profit (loss) | 9901 | €5,076 | €19,158 | +€14,082 | +277% |
| Financial charges | 65/66B | €194 | €170 | -€23 | -12.1% |
| Recurring financial charges | 65 | €194 | €170 | -€23 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €4,882 | €18,988 | +€14,106 | +289% |
| Profit (loss) for the period | 9904 | €4,882 | €18,988 | +€14,106 | +289% |
| Profit (loss) for the period to be appropriated | 9905 | €4,882 | €18,988 | +€14,106 | +289% |
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.