APC: what changed
APC
Largest movements
- Cash -€92,845
down €92,845 (-92.7%), from €100,169 to €7,324
mainly Net result for the year (-€75,989) and Trade debts (-€69,194)
- Tangible fixed assets -€27,500
down €27,500 (-94.4%), from €29,134 to €1,634
of which Furniture and vehicles: -€26,849
- Receivables within one year -€15,710
down €15,710 (-4.2%), from €371,200 to €355,490
of which Other amounts receivable: -€13,104
- Reserves -€75,989
down €75,989 (-74.3%), from €102,206 to €26,217
of which Distributable reserves: -€75,989
- Trade debts -€69,194
down €69,194 (-78.6%), from €88,015 to €18,821
- Short-term financial debts +€28,180
up €28,180 (+18.3%), from €153,832 to €182,012
- Current portion of long-term debt -€15,564
down €15,564 (-53.2%), from €29,243 to €13,679
- Gross operating margin -€108,383
down €108,383 (-76.4%), from €141,839 to €33,456
- Staff costs -€36,092
down €36,092 (-34.7%), from €104,076 to €67,984
- Depreciation -€18,071
down €18,071 (-62.4%), from €28,975 to €10,904
- Other operating charges +€16,603
up €16,603 (+882%), from €1,883 to €18,486
- Financial income -€3,011
down €3,011 (-92.9%), from €3,242 to €231
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €548,478 | €409,522 | -€138,956 | -25.3% |
| Fixed assets | 21/28 | €31,807 | €4,308 | -€27,500 | -86.5% |
| Tangible fixed assets | 22/27 | €29,134 | €1,634 | -€27,500 | -94.4% |
| Plant, machinery and equipment | 23 | €1,399 | €748 | -€651 | -46.5% |
| Furniture and vehicles | 24 | €27,735 | €886 | -€26,849 | -96.8% |
| Financial fixed assets | 28 | €2,674 | €2,674 | = | 0.0% |
| Current assets | 29/58 | €516,671 | €405,215 | -€111,456 | -21.6% |
| Stocks and contracts in progress | 3 | €42,180 | €42,180 | = | 0.0% |
| Stocks | 30/36 | €42,180 | €42,180 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €371,200 | €355,490 | -€15,710 | -4.2% |
| Trade receivables | 40 | €203,270 | €200,664 | -€2,606 | -1.3% |
| Other amounts receivable | 41 | €167,930 | €154,826 | -€13,104 | -7.8% |
| Cash at bank and in hand | 54/58 | €100,169 | €7,324 | -€92,845 | -92.7% |
| Deferred charges and accrued income | 490/1 | €3,122 | €220 | -€2,901 | -92.9% |
| Total equity and liabilities | 10/49 | €548,478 | €409,522 | -€138,956 | -25.3% |
| Equity | 10/15 | €164,206 | €88,217 | -€75,989 | -46.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €102,206 | €26,217 | -€75,989 | -74.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €96,006 | €20,017 | -€75,989 | -79.1% |
| Amounts payable | 17/49 | €384,272 | €321,305 | -€62,967 | -16.4% |
| Amounts payable after more than one year | 17 | €4,040 | €0 | -€4,040 | -100% |
| Financial debts | 170/4 | €4,040 | €0 | -€4,040 | -100% |
| Amounts payable within one year | 42/48 | €380,232 | €321,178 | -€59,054 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €29,243 | €13,679 | -€15,564 | -53.2% |
| Financial debts | 43 | €153,832 | €182,012 | +€28,180 | +18.3% |
| Credit institutions | 430/8 | €153,832 | €182,012 | +€28,180 | +18.3% |
| Trade debts | 44 | €88,015 | €18,821 | -€69,194 | -78.6% |
| Suppliers | 440/4 | €88,015 | €18,821 | -€69,194 | -78.6% |
| Taxes, remuneration and social security | 45 | €4,142 | €1,666 | -€2,476 | -59.8% |
| Taxes | 450/3 | €1,057 | €308 | -€749 | -70.9% |
| Remuneration and social security | 454/9 | €3,085 | €1,358 | -€1,727 | -56.0% |
| Other amounts payable | 47/48 | €105,000 | €105,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €127 | +€127 | |
| Remuneration, social security and pensions | 62 | €104,076 | €67,984 | -€36,092 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,975 | €10,904 | -€18,071 | -62.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€324 | €0 | +€324 | |
| Other operating charges | 640/8 | €1,883 | €18,486 | +€16,603 | +882% |
| Gross operating margin | 9900 | €141,839 | €33,456 | -€108,383 | -76.4% |
| Operating profit (loss) | 9901 | €7,228 | -€63,918 | -€71,146 | |
| Financial income | 75/76B | €3,242 | €231 | -€3,011 | -92.9% |
| Recurring financial income | 75 | €3,242 | €231 | -€3,011 | -92.9% |
| Financial charges | 65/66B | €8,049 | €10,551 | +€2,502 | +31.1% |
| Recurring financial charges | 65 | €8,049 | €10,551 | +€2,502 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €2,421 | -€74,238 | -€76,659 | |
| Income taxes | 67/77 | €2,000 | €1,751 | -€249 | -12.5% |
| Profit (loss) for the period | 9904 | €421 | -€75,989 | -€76,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €421 | -€75,989 | -€76,410 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.