APCYP: 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.
APCYP
Largest movements
- Cash +€196,967
up €196,967 (+68.2%), from €288,690 to €485,657
mainly Current investments (+€120,000) and Net result for the year (+€119,681)
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Reserves +€69,000
up €69,000 (+14.5%), from €476,400 to €545,400
- Other debts +€9,732
up €9,732 (+20.5%), from €47,474 to €57,207
- Debts after one year -€8,296
down €8,296 (-51.3%), from €16,158 to €7,862
- Gross operating margin +€40,801
up €40,801 (+26.6%), from €153,245 to €194,046
- Taxes +€15,408
up €15,408 (+38.8%), from €39,725 to €55,133
- Financial income +€2,496
up €2,496 (+56.6%), from €4,409 to €6,904
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 | €615,606 | €689,323 | +€73,717 | +12.0% |
| Fixed assets | 21/28 | €156,720 | €152,996 | -€3,724 | -2.4% |
| Tangible fixed assets | 22/27 | €156,670 | €152,946 | -€3,724 | -2.4% |
| Land and buildings | 22 | €116,452 | €125,281 | +€8,829 | +7.6% |
| Furniture and vehicles | 24 | €40,218 | €27,665 | -€12,553 | -31.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €458,885 | €536,327 | +€77,441 | +16.9% |
| Amounts receivable within one year | 40/41 | €1,598 | - | -€1,598 | |
| Other amounts receivable | 41 | €1,598 | - | -€1,598 | |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €288,690 | €485,657 | +€196,967 | +68.2% |
| Deferred charges and accrued income | 490/1 | €48,597 | €50,669 | +€2,072 | +4.3% |
| Total equity and liabilities | 10/49 | €615,606 | €689,323 | +€73,717 | +12.0% |
| Equity | 10/15 | €528,698 | €598,379 | +€69,681 | +13.2% |
| Contributions | 10/11 | €24,730 | €24,730 | = | 0.0% |
| Reserves | 13 | €476,400 | €545,400 | +€69,000 | +14.5% |
| Distributable reserves | 133 | €476,400 | €545,400 | +€69,000 | +14.5% |
| Profit (loss) carried forward | 14 | €27,569 | €28,249 | +€681 | +2.5% |
| Amounts payable | 17/49 | €86,908 | €90,944 | +€4,036 | +4.6% |
| Amounts payable after more than one year | 17 | €16,158 | €7,862 | -€8,296 | -51.3% |
| Financial debts | 170/4 | €16,158 | €7,862 | -€8,296 | -51.3% |
| Amounts payable within one year | 42/48 | €70,750 | €83,083 | +€12,332 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €8,013 | €8,296 | +€283 | +3.5% |
| Trade debts | 44 | €4,788 | €5,841 | +€1,054 | +22.0% |
| Suppliers | 440/4 | €4,788 | €5,841 | +€1,054 | +22.0% |
| Taxes, remuneration and social security | 45 | €10,475 | €11,739 | +€1,264 | +12.1% |
| Taxes | 450/3 | €10,475 | €11,739 | +€1,264 | +12.1% |
| Other amounts payable | 47/48 | €47,474 | €57,207 | +€9,732 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,713 | €21,998 | -€715 | -3.1% |
| Other operating charges | 640/8 | €3,085 | €3,131 | +€46 | +1.5% |
| Gross operating margin | 9900 | €153,245 | €194,046 | +€40,801 | +26.6% |
| Operating profit (loss) | 9901 | €127,447 | €168,917 | +€41,470 | +32.5% |
| Financial income | 75/76B | €4,409 | €6,904 | +€2,496 | +56.6% |
| Recurring financial income | 75 | €4,409 | €6,904 | +€2,496 | +56.6% |
| Financial charges | 65/66B | €1,353 | €1,008 | -€345 | -25.5% |
| Recurring financial charges | 65 | €1,353 | €1,008 | -€345 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €130,503 | €174,813 | +€44,311 | +34.0% |
| Income taxes | 67/77 | €39,725 | €55,133 | +€15,408 | +38.8% |
| Profit (loss) for the period | 9904 | €90,778 | €119,681 | +€28,903 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,778 | €119,681 | +€28,903 | +31.8% |
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 9 October 2026 via checked.be.