APC-CENTER: 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.
APC-CENTER
Largest movements
- Cash -€58,179
down €58,179 (-25.4%), from €229,365 to €171,186
mainly Trade debts (-€76,428) and Current portion of long-term debt (-€27,516)
- Receivables within one year +€24,113
up €24,113 (+16.6%), from €145,552 to €169,665
of which Other amounts receivable: +€21,508
- Tangible fixed assets -€14,009
down €14,009 (-17.1%), from €81,879 to €67,870
of which Other tangible fixed assets: -€19,411
- Trade debts -€76,428
down €76,428 (-73.3%), from €104,248 to €27,820
- Reserves +€33,749
up €33,749 (+15.1%), from €224,092 to €257,841
of which Distributable reserves: +€33,749
- Current portion of long-term debt -€27,516
down €27,516 (-46.3%), from €59,450 to €31,934
- Tax, wage and social debts +€19,762
up €19,762 (+47.4%), from €41,683 to €61,445
of which Remuneration and social security: +€13,901
- Debts after one year -€5,885
down €5,885 (-8.3%), from €70,764 to €64,879
- Gross operating margin +€58,123
up €58,123 (+16.1%), from €361,512 to €419,635
- Staff costs +€22,984
up €22,984 (+8.6%), from €267,970 to €290,954
- Other operating charges +€14,446
up €14,446 (+122%), from €11,803 to €26,249
- Taxes +€8,993
up €8,993 (+103%), from €8,698 to €17,691
- Financial charges -€6,309
down €6,309 (-35.0%), from €18,038 to €11,729
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 | €578,503 | €527,488 | -€51,016 | -8.8% |
| Fixed assets | 21/28 | €109,136 | €92,326 | -€16,809 | -15.4% |
| Intangible fixed assets | 21 | €18,843 | €16,043 | -€2,800 | -14.9% |
| Tangible fixed assets | 22/27 | €81,879 | €67,870 | -€14,009 | -17.1% |
| Plant, machinery and equipment | 23 | €3,085 | €4,341 | +€1,256 | +40.7% |
| Furniture and vehicles | 24 | €31,369 | €35,515 | +€4,146 | +13.2% |
| Other tangible fixed assets | 26 | €47,425 | €28,014 | -€19,411 | -40.9% |
| Financial fixed assets | 28 | €8,413 | €8,413 | = | 0.0% |
| Current assets | 29/58 | €469,368 | €435,161 | -€34,207 | -7.3% |
| Stocks and contracts in progress | 3 | €90,000 | €90,000 | = | 0.0% |
| Stocks | 30/36 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,552 | €169,665 | +€24,113 | +16.6% |
| Trade receivables | 40 | €93,519 | €96,124 | +€2,605 | +2.8% |
| Other amounts receivable | 41 | €52,033 | €73,541 | +€21,508 | +41.3% |
| Cash at bank and in hand | 54/58 | €229,365 | €171,186 | -€58,179 | -25.4% |
| Deferred charges and accrued income | 490/1 | €4,451 | €4,311 | -€140 | -3.2% |
| Total equity and liabilities | 10/49 | €578,503 | €527,488 | -€51,016 | -8.8% |
| Equity | 10/15 | €279,092 | €312,841 | +€33,749 | +12.1% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €224,092 | €257,841 | +€33,749 | +15.1% |
| Tax-exempt reserves | 132 | €12,300 | €12,300 | = | 0.0% |
| Distributable reserves | 133 | €211,792 | €245,541 | +€33,749 | +15.9% |
| Amounts payable | 17/49 | €299,411 | €214,647 | -€84,765 | -28.3% |
| Amounts payable after more than one year | 17 | €70,764 | €64,879 | -€5,885 | -8.3% |
| Financial debts | 170/4 | €70,764 | €64,879 | -€5,885 | -8.3% |
| Amounts payable within one year | 42/48 | €228,648 | €149,768 | -€78,880 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €59,450 | €31,934 | -€27,516 | -46.3% |
| Financial debts | 43 | €18,288 | €18,282 | -€6 | 0.0% |
| Other loans | 439 | €18,288 | €18,282 | -€6 | 0.0% |
| Trade debts | 44 | €104,248 | €27,820 | -€76,428 | -73.3% |
| Suppliers | 440/4 | €104,248 | €27,820 | -€76,428 | -73.3% |
| Taxes, remuneration and social security | 45 | €41,683 | €61,445 | +€19,762 | +47.4% |
| Taxes | 450/3 | €5,236 | €11,097 | +€5,861 | +112% |
| Remuneration and social security | 454/9 | €36,447 | €50,348 | +€13,901 | +38.1% |
| Other amounts payable | 47/48 | €4,979 | €10,287 | +€5,308 | +107% |
| Non-recurring operating income | 76A | €22,463 | - | -€22,463 | |
| Remuneration, social security and pensions | 62 | €267,970 | €290,954 | +€22,984 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,045 | €39,263 | +€5,218 | +15.3% |
| Other operating charges | 640/8 | €11,803 | €26,249 | +€14,446 | +122% |
| Non-recurring operating charges | 66A | €273 | - | -€273 | |
| Gross operating margin | 9900 | €361,512 | €419,635 | +€58,123 | +16.1% |
| Operating profit (loss) | 9901 | €47,420 | €63,169 | +€15,748 | +33.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €18,038 | €11,729 | -€6,309 | -35.0% |
| Recurring financial charges | 65 | €18,038 | €11,729 | -€6,309 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €29,383 | €51,440 | +€22,057 | +75.1% |
| Income taxes | 67/77 | €8,698 | €17,691 | +€8,993 | +103% |
| Profit (loss) for the period | 9904 | €20,685 | €33,749 | +€13,064 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,685 | €33,749 | +€13,064 | +63.2% |
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 18 October 2026 via checked.be.