APD PRODUCTS: 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.
APD PRODUCTS
Largest movements
- Cash -€144,336
down €144,336 (-88.9%), from €162,434 to €18,097
mainly Contributions, distributions and other (-€72,083) and Receivables within one year (-€49,898)
- Receivables within one year +€49,898
up €49,898 (+721%), from €6,916 to €56,814
of which Trade receivables: +€32,181
- Tangible fixed assets -€25,346
down €25,346 (-32.4%), from €78,254 to €52,908
of which Furniture and vehicles: -€26,301
- Reserves -€74,621
down €74,621 (-34.1%), from €218,792 to €144,171
of which Distributable reserves: -€74,621
- Profit (loss) carried forward -€39,361
down €39,361, from €0 to -€39,361
- Debts after one year -€19,041
down €19,041 (-63.0%), from €30,234 to €11,193
- Other debts +€12,647
up €12,647 (+201%), from €6,283 to €18,930
- Trade debts +€7,048
up €7,048 (+814%), from €866 to €7,914
- Gross operating margin -€97,425
down €97,425, from €88,308 to -€9,117
- Taxes -€18,027
down €18,027 (-83.2%), from €21,670 to €3,643
- Other operating charges +€2,789
up €2,789 (+254%), from €1,097 to €3,886
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 | €310,942 | €192,053 | -€118,889 | -38.2% |
| Fixed assets | 21/28 | €78,254 | €52,908 | -€25,346 | -32.4% |
| Tangible fixed assets | 22/27 | €78,254 | €52,908 | -€25,346 | -32.4% |
| Land and buildings | 22 | €395 | €316 | -€79 | -20.0% |
| Plant, machinery and equipment | 23 | - | €1,035 | +€1,035 | |
| Furniture and vehicles | 24 | €77,859 | €51,557 | -€26,301 | -33.8% |
| Current assets | 29/58 | €232,688 | €139,145 | -€93,543 | -40.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,916 | €56,814 | +€49,898 | +721% |
| Trade receivables | 40 | €6,916 | €39,097 | +€32,181 | +465% |
| Other amounts receivable | 41 | - | €17,717 | +€17,717 | |
| Current investments | 50/53 | €63,338 | €64,233 | +€895 | +1.4% |
| Cash at bank and in hand | 54/58 | €162,434 | €18,097 | -€144,336 | -88.9% |
| Total equity and liabilities | 10/49 | €310,942 | €192,053 | -€118,889 | -38.2% |
| Equity | 10/15 | €237,384 | €123,402 | -€113,982 | -48.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €218,792 | €144,171 | -€74,621 | -34.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €218,792 | €144,171 | -€74,621 | -34.1% |
| Profit (loss) carried forward | 14 | €0 | -€39,361 | -€39,361 | |
| Amounts payable | 17/49 | €73,558 | €68,651 | -€4,907 | -6.7% |
| Amounts payable after more than one year | 17 | €30,234 | €11,193 | -€19,041 | -63.0% |
| Financial debts | 170/4 | €30,234 | €11,193 | -€19,041 | -63.0% |
| Amounts payable within one year | 42/48 | €43,324 | €57,459 | +€14,135 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €20,421 | €20,620 | +€199 | +1.0% |
| Financial debts | 43 | - | €770 | +€770 | |
| Credit institutions | 430/8 | - | €770 | +€770 | |
| Trade debts | 44 | €866 | €7,914 | +€7,048 | +814% |
| Suppliers | 440/4 | €866 | €7,914 | +€7,048 | +814% |
| Taxes, remuneration and social security | 45 | €15,754 | €9,225 | -€6,529 | -41.4% |
| Taxes | 450/3 | €14,754 | €5,725 | -€9,029 | -61.2% |
| Remuneration and social security | 454/9 | €1,000 | €3,500 | +€2,500 | +250% |
| Other amounts payable | 47/48 | €6,283 | €18,930 | +€12,647 | +201% |
| Non-recurring operating income | 76A | €13,599 | €0 | -€13,599 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,667 | €26,680 | +€13 | +0.1% |
| Other operating charges | 640/8 | €1,097 | €3,886 | +€2,789 | +254% |
| Gross operating margin | 9900 | €88,308 | -€9,117 | -€97,425 | |
| Operating profit (loss) | 9901 | €60,544 | -€39,683 | -€100,227 | |
| Financial income | 75/76B | €1,642 | €2,400 | +€758 | +46.2% |
| Recurring financial income | 75 | €1,642 | €2,400 | +€758 | +46.2% |
| Financial charges | 65/66B | €911 | €972 | +€62 | +6.8% |
| Recurring financial charges | 65 | €911 | €972 | +€62 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €61,276 | -€38,255 | -€99,531 | |
| Income taxes | 67/77 | €21,670 | €3,643 | -€18,027 | -83.2% |
| Profit (loss) for the period | 9904 | €39,605 | -€41,899 | -€81,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,605 | -€41,899 | -€81,504 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.