APC Twin: 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 Twin
Largest movements
- Tangible fixed assets -€10,700
down €10,700 (-59.4%), from €18,020 to €7,320
of which Furniture and vehicles: -€9,598
- Stocks and contracts -€4,250
no longer reported in 2025 (was €4,250)
- Receivables within one year -€2,281
down €2,281 (-3.4%), from €67,417 to €65,136
of which Trade receivables: -€2,081
- Cash +€1,184
up €1,184 (+114%), from €1,037 to €2,222
mainly Depreciation (+€10,700) and Other debts (+€7,687)
- Profit (loss) carried forward -€25,366
down €25,366 (-19.2%), from -€132,153 to -€157,519
- Other debts +€7,687
up €7,687 (+4.0%), from €191,786 to €199,473
- Trade debts +€7,311
up €7,311 (+279%), from €2,622 to €9,934
- Tax, wage and social debts -€4,858
down €4,858 (-34.9%), from €13,914 to €9,057
of which Taxes: -€4,943
- Gross operating margin +€27,669
up €27,669 (+150%), from €18,466 to €46,135
- Other operating charges +€15,630
up €15,630 (+2,259%), from €692 to €16,322
- Financial charges +€3,423
up €3,423 (+391%), from €875 to €4,297
- Staff costs +€2,426
up €2,426 (+6.4%), from €37,757 to €40,182
- Financial income -€1,382
no longer reported in 2025 (was €1,382)
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 | €96,170 | €80,944 | -€15,225 | -15.8% |
| Fixed assets | 21/28 | €20,752 | €10,052 | -€10,700 | -51.6% |
| Tangible fixed assets | 22/27 | €18,020 | €7,320 | -€10,700 | -59.4% |
| Furniture and vehicles | 24 | €13,844 | €4,245 | -€9,598 | -69.3% |
| Other tangible fixed assets | 26 | €4,176 | €3,075 | -€1,102 | -26.4% |
| Financial fixed assets | 28 | €2,732 | €2,732 | = | 0.0% |
| Current assets | 29/58 | €75,418 | €70,892 | -€4,526 | -6.0% |
| Stocks and contracts in progress | 3 | €4,250 | - | -€4,250 | |
| Stocks | 30/36 | €4,250 | - | -€4,250 | |
| Amounts receivable within one year | 40/41 | €67,417 | €65,136 | -€2,281 | -3.4% |
| Trade receivables | 40 | €16,039 | €13,958 | -€2,081 | -13.0% |
| Other amounts receivable | 41 | €51,378 | €51,178 | -€200 | -0.4% |
| Cash at bank and in hand | 54/58 | €1,037 | €2,222 | +€1,184 | +114% |
| Deferred charges and accrued income | 490/1 | €2,713 | €3,534 | +€821 | +30.2% |
| Total equity and liabilities | 10/49 | €96,170 | €80,944 | -€15,225 | -15.8% |
| Equity | 10/15 | -€112,153 | -€137,519 | -€25,366 | -22.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,153 | -€157,519 | -€25,366 | -19.2% |
| Amounts payable | 17/49 | €208,323 | €218,463 | +€10,141 | +4.9% |
| Amounts payable within one year | 42/48 | €208,323 | €218,463 | +€10,141 | +4.9% |
| Trade debts | 44 | €2,622 | €9,934 | +€7,311 | +279% |
| Suppliers | 440/4 | €2,622 | €9,934 | +€7,311 | +279% |
| Taxes, remuneration and social security | 45 | €13,914 | €9,057 | -€4,858 | -34.9% |
| Taxes | 450/3 | €6,404 | €1,461 | -€4,943 | -77.2% |
| Remuneration and social security | 454/9 | €7,510 | €7,596 | +€85 | +1.1% |
| Other amounts payable | 47/48 | €191,786 | €199,473 | +€7,687 | +4.0% |
| Remuneration, social security and pensions | 62 | €37,757 | €40,182 | +€2,426 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,832 | €10,700 | +€868 | +8.8% |
| Other operating charges | 640/8 | €692 | €16,322 | +€15,630 | +2,259% |
| Gross operating margin | 9900 | €18,466 | €46,135 | +€27,669 | +150% |
| Operating profit (loss) | 9901 | -€29,814 | -€21,069 | +€8,745 | +29.3% |
| Financial income | 75/76B | €1,382 | - | -€1,382 | |
| Recurring financial income | 75 | €1,382 | - | -€1,382 | |
| Financial charges | 65/66B | €875 | €4,297 | +€3,423 | +391% |
| Recurring financial charges | 65 | €875 | €4,297 | +€3,423 | +391% |
| Profit (loss) for the period before taxes | 9903 | -€29,306 | -€25,366 | +€3,940 | +13.4% |
| Profit (loss) for the period | 9904 | -€29,306 | -€25,366 | +€3,940 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,306 | -€25,366 | +€3,940 | +13.4% |
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 21 October 2026 via checked.be.