APC HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€95,002
up €95,002 (+34.0%), from €279,585 to €374,587
- Other debts +€101,310
up €101,310 (+462.0%), from €21,930 to €123,240
- Gross operating margin -€455,297
down €455,297, from €453,399 to -€1,898
- Financial charges -€5,024
down €5,024 (-99.1%), from €5,072 to €48
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 | €775,860 | €870,613 | +€94,753 | +12.2% |
| Fixed assets | 21/28 | €495,787 | €495,787 | = | 0.0% |
| Financial fixed assets | 28 | €495,787 | €495,787 | = | 0.0% |
| Current assets | 29/58 | €280,073 | €374,826 | +€94,753 | +33.8% |
| Amounts receivable within one year | 40/41 | €279,585 | €374,587 | +€95,002 | +34.0% |
| Other amounts receivable | 41 | €279,585 | €374,587 | +€95,002 | +34.0% |
| Cash at bank and in hand | 54/58 | €488 | €239 | -€249 | -51.1% |
| Total equity and liabilities | 10/49 | €775,860 | €870,613 | +€94,753 | +12.2% |
| Equity | 10/15 | €621,794 | €619,753 | -€2,041 | -0.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €643,230 | €643,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €376,523 | €376,523 | = | 0.0% |
| Distributable reserves | 133 | €256,707 | €256,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,437 | -€123,478 | -€2,041 | -1.7% |
| Provisions and deferred taxes | 16 | €125,508 | €125,508 | = | 0.0% |
| Deferred taxes | 168 | €125,508 | €125,508 | = | 0.0% |
| Amounts payable | 17/49 | €28,558 | €125,352 | +€96,794 | +338.9% |
| Amounts payable within one year | 42/48 | €28,558 | €125,352 | +€96,794 | +338.9% |
| Trade debts | 44 | €6,628 | €2,094 | -€4,534 | -68.4% |
| Suppliers | 440/4 | €6,628 | €2,094 | -€4,534 | -68.4% |
| Taxes, remuneration and social security | 45 | - | €18 | +€18 | |
| Taxes | 450/3 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €21,930 | €123,240 | +€101,310 | +462.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €839 | - | -€839 | |
| Other operating charges | 640/8 | €1,912 | €95 | -€1,817 | -95.0% |
| Gross operating margin | 9900 | €453,399 | -€1,898 | -€455,297 | |
| Operating profit (loss) | 9901 | €450,649 | -€1,993 | -€452,642 | |
| Financial charges | 65/66B | €5,072 | €48 | -€5,024 | -99.1% |
| Recurring financial charges | 65 | €5,072 | €48 | -€5,024 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €445,576 | -€2,041 | -€447,617 | |
| Transfer to deferred taxes | 680 | €125,508 | - | -€125,508 | |
| Profit (loss) for the period | 9904 | €320,069 | -€2,041 | -€322,110 | |
| Transfer to tax-exempt reserves | 689 | €376,523 | - | -€376,523 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,455 | -€2,041 | +€54,414 | +96.4% |
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 11 October 2026 via checked.be.