APDIM: 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.
APDIM
Largest movements
- Tangible fixed assets -€6,836
down €6,836 (-2.1%), from €327,869 to €321,033
of which Land and buildings: -€6,697
- Debts after one year -€18,250
down €18,250 (-11.4%), from €159,437 to €141,187
of which Financial debts: -€16,733
- Reserves +€8,362
up €8,362 (+134.9%), from €6,197 to €14,559
of which Distributable reserves: +€8,362
- Depreciation -€3,399
down €3,399 (-33.2%), from €10,235 to €6,836
- Financial charges -€2,047
down €2,047 (-41.1%), from €4,977 to €2,930
- Gross operating margin -€1,662
down €1,662 (-6.9%), from €24,154 to €22,491
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 | €331,889 | €323,000 | -€8,889 | -2.7% |
| Fixed assets | 21/28 | €327,869 | €321,033 | -€6,836 | -2.1% |
| Tangible fixed assets | 22/27 | €327,869 | €321,033 | -€6,836 | -2.1% |
| Land and buildings | 22 | €327,730 | €321,033 | -€6,697 | -2.0% |
| Furniture and vehicles | 24 | €139 | €0 | -€139 | -100.0% |
| Current assets | 29/58 | €4,020 | €1,967 | -€2,053 | -51.1% |
| Amounts receivable within one year | 40/41 | €1,822 | €1,949 | +€127 | +7.0% |
| Trade receivables | 40 | €1,822 | €1,949 | +€127 | +7.0% |
| Cash at bank and in hand | 54/58 | €2,128 | €18 | -€2,110 | -99.1% |
| Deferred charges and accrued income | 490/1 | €70 | €0 | -€70 | -100.0% |
| Total equity and liabilities | 10/49 | €331,889 | €323,000 | -€8,889 | -2.7% |
| Equity | 10/15 | €154,665 | €164,349 | +€9,683 | +6.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €87,816 | €87,816 | = | 0.0% |
| Reserves | 13 | €6,197 | €14,559 | +€8,362 | +134.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | - | €8,362 | +€8,362 | |
| Profit (loss) carried forward | 14 | -€1,321 | €0 | +€1,321 | |
| Amounts payable | 17/49 | €177,223 | €158,651 | -€18,573 | -10.5% |
| Amounts payable after more than one year | 17 | €159,437 | €141,187 | -€18,250 | -11.4% |
| Financial debts | 170/4 | €71,116 | €54,383 | -€16,733 | -23.5% |
| Other amounts payable | 178/9 | €88,321 | €86,805 | -€1,516 | -1.7% |
| Amounts payable within one year | 42/48 | €17,721 | €17,397 | -€324 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €16,733 | €16,733 | = | 0.0% |
| Trade debts | 44 | €987 | €663 | -€324 | -32.8% |
| Suppliers | 440/4 | €987 | €663 | -€324 | -32.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,235 | €6,836 | -€3,399 | -33.2% |
| Other operating charges | 640/8 | €2,962 | €3,042 | +€79 | +2.7% |
| Gross operating margin | 9900 | €24,154 | €22,491 | -€1,662 | -6.9% |
| Operating profit (loss) | 9901 | €10,956 | €12,613 | +€1,657 | +15.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,977 | €2,930 | -€2,047 | -41.1% |
| Recurring financial charges | 65 | €4,977 | €2,930 | -€2,047 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €5,980 | €9,683 | +€3,704 | +61.9% |
| Profit (loss) for the period | 9904 | €5,980 | €9,683 | +€3,704 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,980 | €9,683 | +€3,704 | +61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.