APB - Q, S & E services: 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 - Q, S & E services
Largest movements
- Cash +€59,554
up €59,554 (+82.9%), from €71,858 to €131,412
mainly Net result for the year (+€71,502) and Other debts (+€47,194)
- Receivables after one year -€7,471
down €7,471 (-11.4%), from €65,633 to €58,161
- Other debts +€47,194
new in 2025: €47,194
- Reserves +€25,000
up €25,000 (+19.2%), from €130,000 to €155,000
- Tax, wage and social debts -€16,260
down €16,260 (-78.3%), from €20,774 to €4,514
- Gross operating margin -€14,636
down €14,636 (-13.7%), from €106,705 to €92,070
- Taxes -€6,294
down €6,294 (-21.8%), from €28,928 to €22,634
- Other operating charges -€2,031
no longer reported in 2025 (was €2,031)
- Financial income +€1,776
up €1,776 (+88.1%), from €2,015 to €3,791
- Financial charges +€1,616
up €1,616 (+1,480%), from €109 to €1,725
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 | €163,432 | €217,147 | +€53,715 | +32.9% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €163,432 | €217,147 | +€53,715 | +32.9% |
| Amounts receivable after more than one year | 29 | €65,633 | €58,161 | -€7,471 | -11.4% |
| Other amounts receivable | 291 | €65,633 | €58,161 | -€7,471 | -11.4% |
| Amounts receivable within one year | 40/41 | €25,942 | €27,574 | +€1,632 | +6.3% |
| Trade receivables | 40 | €18,664 | €20,103 | +€1,439 | +7.7% |
| Other amounts receivable | 41 | €7,278 | €7,471 | +€193 | +2.7% |
| Cash at bank and in hand | 54/58 | €71,858 | €131,412 | +€59,554 | +82.9% |
| Total equity and liabilities | 10/49 | €163,432 | €217,147 | +€53,715 | +32.9% |
| Equity | 10/15 | €140,996 | €165,439 | +€24,443 | +17.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €155,000 | +€25,000 | +19.2% |
| Distributable reserves | 133 | €130,000 | €155,000 | +€25,000 | +19.2% |
| Profit (loss) carried forward | 14 | €5,996 | €5,439 | -€557 | -9.3% |
| Amounts payable | 17/49 | €22,436 | €51,708 | +€29,272 | +130% |
| Amounts payable within one year | 42/48 | €22,436 | €51,708 | +€29,272 | +130% |
| Trade debts | 44 | €1,662 | - | -€1,662 | |
| Suppliers | 440/4 | €1,662 | - | -€1,662 | |
| Taxes, remuneration and social security | 45 | €20,774 | €4,514 | -€16,260 | -78.3% |
| Taxes | 450/3 | €20,774 | €4,514 | -€16,260 | -78.3% |
| Other amounts payable | 47/48 | - | €47,194 | +€47,194 | |
| Non-recurring operating income | 76A | €14,387 | - | -€14,387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,472 | €0 | -€1,472 | -100% |
| Other operating charges | 640/8 | €2,031 | - | -€2,031 | |
| Non-recurring operating charges | 66A | €1,265 | - | -€1,265 | |
| Gross operating margin | 9900 | €106,705 | €92,070 | -€14,636 | -13.7% |
| Operating profit (loss) | 9901 | €101,938 | €92,070 | -€9,868 | -9.7% |
| Financial income | 75/76B | €2,015 | €3,791 | +€1,776 | +88.1% |
| Recurring financial income | 75 | €2,015 | €3,791 | +€1,776 | +88.1% |
| Financial charges | 65/66B | €109 | €1,725 | +€1,616 | +1,480% |
| Recurring financial charges | 65 | €109 | €1,725 | +€1,616 | +1,480% |
| Profit (loss) for the period before taxes | 9903 | €103,844 | €94,136 | -€9,708 | -9.3% |
| Income taxes | 67/77 | €28,928 | €22,634 | -€6,294 | -21.8% |
| Profit (loss) for the period | 9904 | €74,915 | €71,502 | -€3,413 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,915 | €71,502 | -€3,413 | -4.6% |
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 23 October 2026 via checked.be.