APC-CONCEPT: what changed
Two fiscal 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-CONCEPT
Largest movements
- Cash -€16,990
down €16,990 (-35.3%), from €48,189 to €31,199
mainly Current portion of long-term debt (-€42,049) and Receivables within one year (-€3,898)
- Receivables within one year +€3,898
up €3,898 (+17.3%), from €22,589 to €26,487
of which Trade receivables: +€5,023
- Current portion of long-term debt -€42,049
down €42,049 (-93.4%), from €45,015 to €2,966
- Reserves +€26,586
up €26,586 (+10.0%), from €266,385 to €292,970
- Gross operating margin -€19,646
down €19,646 (-32.1%), from €61,229 to €41,583
- Taxes -€8,175
down €8,175 (-42.9%), from €19,044 to €10,869
- Financial charges -€1,003
down €1,003 (-57.7%), from €1,736 to €734
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.
Cash bridge derived
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 | €333,593 | €319,072 | -€14,521 | -4.4% |
| Fixed assets | 21/28 | €261,156 | €260,054 | -€1,102 | -0.4% |
| Tangible fixed assets | 22/27 | €2,176 | €1,074 | -€1,102 | -50.7% |
| Plant, machinery and equipment | 23 | €1,065 | - | -€1,065 | |
| Furniture and vehicles | 24 | €1,111 | €1,074 | -€37 | -3.3% |
| Financial fixed assets | 28 | €258,980 | €258,980 | = | 0.0% |
| Current assets | 29/58 | €72,437 | €59,019 | -€13,419 | -18.5% |
| Amounts receivable within one year | 40/41 | €22,589 | €26,487 | +€3,898 | +17.3% |
| Trade receivables | 40 | €2,006 | €7,029 | +€5,023 | +250.3% |
| Other amounts receivable | 41 | €20,583 | €19,457 | -€1,125 | -5.5% |
| Cash at bank and in hand | 54/58 | €48,189 | €31,199 | -€16,990 | -35.3% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,334 | -€326 | -19.6% |
| Total equity and liabilities | 10/49 | €333,593 | €319,072 | -€14,521 | -4.4% |
| Equity | 10/15 | €272,585 | €299,170 | +€26,586 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €266,385 | €292,970 | +€26,586 | +10.0% |
| Distributable reserves | 133 | €266,385 | €292,970 | +€26,586 | +10.0% |
| Amounts payable | 17/49 | €61,008 | €19,902 | -€41,106 | -67.4% |
| Amounts payable within one year | 42/48 | €61,008 | €19,902 | -€41,106 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €45,015 | €2,966 | -€42,049 | -93.4% |
| Trade debts | 44 | €4,939 | €2,278 | -€2,661 | -53.9% |
| Suppliers | 440/4 | €4,939 | €2,278 | -€2,661 | -53.9% |
| Taxes, remuneration and social security | 45 | €11,054 | €13,672 | +€2,618 | +23.7% |
| Taxes | 450/3 | €11,054 | €13,672 | +€2,618 | +23.7% |
| Other amounts payable | 47/48 | - | €986 | +€986 | |
| Remuneration, social security and pensions | 62 | €1,696 | €2,282 | +€586 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102 | €1,102 | +€0 | 0.0% |
| Other operating charges | 640/8 | €529 | €836 | +€307 | +57.9% |
| Gross operating margin | 9900 | €61,229 | €41,583 | -€19,646 | -32.1% |
| Operating profit (loss) | 9901 | €57,902 | €37,363 | -€20,539 | -35.5% |
| Financial income | 75/76B | €974 | €825 | -€148 | -15.2% |
| Recurring financial income | 75 | €974 | €825 | -€148 | -15.2% |
| Financial charges | 65/66B | €1,736 | €734 | -€1,003 | -57.7% |
| Recurring financial charges | 65 | €1,736 | €734 | -€1,003 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €57,139 | €37,454 | -€19,685 | -34.5% |
| Income taxes | 67/77 | €19,044 | €10,869 | -€8,175 | -42.9% |
| Profit (loss) for the period | 9904 | €38,095 | €26,586 | -€11,510 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,095 | €26,586 | -€11,510 | -30.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.