APB: 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.
APB
Largest movements
- Receivables within one year +€15,670
up €15,670, from €0 to €15,670
of which Trade receivables: +€11,437
- Cash +€8,202
up €8,202 (+340%), from €2,414 to €10,616
mainly Net result for the year (+€32,687) and Depreciation (+€3,974)
- Tangible fixed assets -€3,974
down €3,974 (-27.9%), from €14,249 to €10,275
- Deferred charges and accrued income +€2,562
up €2,562 (+901%), from €284 to €2,846
- Reserves +€22,994
up €22,994, from €0 to €22,994
- Other debts -€12,687
down €12,687 (-59.9%), from €21,171 to €8,484
- Profit (loss) carried forward +€9,693
up €9,693, from -€9,693 to €0
- Tax, wage and social debts +€2,078
up €2,078 (+48.9%), from €4,251 to €6,330
- Gross operating margin +€58,132
up €58,132, from -€14,774 to €43,357
- Taxes +€5,688
up €5,688 (+7,040%), from €81 to €5,768
- Depreciation +€813
up €813 (+25.7%), from €3,161 to €3,974
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 | €16,947 | €39,407 | +€22,460 | +133% |
| Fixed assets | 21/28 | €14,249 | €10,275 | -€3,974 | -27.9% |
| Tangible fixed assets | 22/27 | €14,249 | €10,275 | -€3,974 | -27.9% |
| Furniture and vehicles | 24 | €14,249 | €10,275 | -€3,974 | -27.9% |
| Current assets | 29/58 | €2,699 | €29,132 | +€26,434 | +980% |
| Amounts receivable within one year | 40/41 | €0 | €15,670 | +€15,670 | |
| Trade receivables | 40 | €0 | €11,437 | +€11,437 | |
| Other amounts receivable | 41 | - | €4,233 | +€4,233 | |
| Cash at bank and in hand | 54/58 | €2,414 | €10,616 | +€8,202 | +340% |
| Deferred charges and accrued income | 490/1 | €284 | €2,846 | +€2,562 | +901% |
| Total equity and liabilities | 10/49 | €16,947 | €39,407 | +€22,460 | +133% |
| Equity | 10/15 | -€9,593 | €23,094 | +€32,687 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €0 | €22,994 | +€22,994 | |
| Distributable reserves | 133 | €0 | €22,994 | +€22,994 | |
| Profit (loss) carried forward | 14 | -€9,693 | €0 | +€9,693 | |
| Amounts payable | 17/49 | €26,540 | €16,313 | -€10,227 | -38.5% |
| Amounts payable within one year | 42/48 | €26,540 | €16,313 | -€10,227 | -38.5% |
| Trade debts | 44 | €1,117 | €1,499 | +€382 | +34.2% |
| Suppliers | 440/4 | €1,117 | €1,499 | +€382 | +34.2% |
| Taxes, remuneration and social security | 45 | €4,251 | €6,330 | +€2,078 | +48.9% |
| Taxes | 450/3 | €4,251 | €6,330 | +€2,078 | +48.9% |
| Other amounts payable | 47/48 | €21,171 | €8,484 | -€12,687 | -59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,161 | €3,974 | +€813 | +25.7% |
| Other operating charges | 640/8 | €261 | €653 | +€392 | +150% |
| Gross operating margin | 9900 | -€14,774 | €43,357 | +€58,132 | |
| Operating profit (loss) | 9901 | -€18,196 | €38,730 | +€56,926 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +422% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +422% |
| Financial charges | 65/66B | €127 | €276 | +€149 | +118% |
| Recurring financial charges | 65 | €127 | €276 | +€149 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€18,322 | €38,455 | +€56,777 | |
| Income taxes | 67/77 | €81 | €5,768 | +€5,688 | +7,040% |
| Profit (loss) for the period | 9904 | -€18,403 | €32,687 | +€51,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,403 | €32,687 | +€51,090 |
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 17 October 2026 via checked.be.