ApéReiff: 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.
ApéReiff
Largest movements
- Cash +€20,558
up €20,558 (+59.0%), from €34,846 to €55,403
mainly Net result for the year (+€16,487) and Stocks and contracts (+€6,172)
- Stocks and contracts -€6,172
down €6,172 (-31.3%), from €19,712 to €13,540
- Receivables within one year +€4,593
up €4,593 (+17.3%), from €26,550 to €31,143
- Profit (loss) carried forward +€16,487
up €16,487 (+166%), from €9,928 to €26,415
- Trade debts +€4,127
up €4,127 (+126%), from €3,274 to €7,401
- Other debts -€3,659
down €3,659 (-5.5%), from €66,077 to €62,418
- Tax, wage and social debts +€2,325
up €2,325 (+152%), from €1,528 to €3,853
- Gross operating margin +€29,410
up €29,410, from -€11,074 to €18,336
- Depreciation -€3,717
no longer reported in 2025 (was €3,717)
- Taxes +€751
new in 2025: €751
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 | €83,107 | €102,087 | +€18,979 | +22.8% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €81,107 | €100,087 | +€18,979 | +23.4% |
| Stocks and contracts in progress | 3 | €19,712 | €13,540 | -€6,172 | -31.3% |
| Stocks | 30/36 | €19,712 | €13,540 | -€6,172 | -31.3% |
| Amounts receivable within one year | 40/41 | €26,550 | €31,143 | +€4,593 | +17.3% |
| Trade receivables | 40 | €26,550 | €31,143 | +€4,593 | +17.3% |
| Cash at bank and in hand | 54/58 | €34,846 | €55,403 | +€20,558 | +59.0% |
| Total equity and liabilities | 10/49 | €83,107 | €102,087 | +€18,979 | +22.8% |
| Equity | 10/15 | €11,928 | €28,415 | +€16,487 | +138% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,928 | €26,415 | +€16,487 | +166% |
| Amounts payable | 17/49 | €71,179 | €73,672 | +€2,493 | +3.5% |
| Amounts payable within one year | 42/48 | €70,879 | €73,672 | +€2,793 | +3.9% |
| Trade debts | 44 | €3,274 | €7,401 | +€4,127 | +126% |
| Suppliers | 440/4 | €3,274 | €7,401 | +€4,127 | +126% |
| Taxes, remuneration and social security | 45 | €1,528 | €3,853 | +€2,325 | +152% |
| Taxes | 450/3 | €1,528 | €3,853 | +€2,325 | +152% |
| Other amounts payable | 47/48 | €66,077 | €62,418 | -€3,659 | -5.5% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,717 | - | -€3,717 | |
| Other operating charges | 640/8 | €966 | €804 | -€162 | -16.8% |
| Gross operating margin | 9900 | -€11,074 | €18,336 | +€29,410 | |
| Operating profit (loss) | 9901 | -€15,757 | €17,531 | +€33,288 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €229 | €293 | +€65 | +28.2% |
| Recurring financial charges | 65 | €229 | €293 | +€65 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,985 | €17,238 | +€33,223 | |
| Income taxes | 67/77 | - | €751 | +€751 | |
| Profit (loss) for the period | 9904 | -€15,985 | €16,487 | +€32,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,985 | €16,487 | +€32,472 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.