APERS: 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.
APERS
Largest movements
- Cash +€44,566
up €44,566, from €0 to €44,566
mainly Net result for the year (+€35,770) and Receivables within one year (+€27,997)
- Receivables within one year -€27,997
down €27,997 (-60.2%), from €46,524 to €18,527
of which Trade receivables: -€27,862
- Tangible fixed assets -€20,778
down €20,778 (-41.0%), from €50,620 to €29,842
- Reserves +€35,770
up €35,770 (+181.2%), from €19,743 to €55,513
of which Distributable reserves: +€35,770
- Trade debts -€31,199
down €31,199 (-96.0%), from €32,511 to €1,312
- Debts after one year -€6,987
down €6,987 (-37.0%), from €18,907 to €11,920
- Short-term financial debts -€1,513
down €1,513 (-100.0%), from €1,513 to €0
- Gross operating margin +€47,140
up €47,140 (+375.1%), from €12,566 to €59,705
- Depreciation -€7,584
down €7,584 (-26.7%), from €28,362 to €20,778
- Financial charges -€810
down €810 (-31.9%), from €2,540 to €1,729
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 | €101,742 | €97,135 | -€4,607 | -4.5% |
| Fixed assets | 21/28 | €50,820 | €30,042 | -€20,778 | -40.9% |
| Tangible fixed assets | 22/27 | €50,620 | €29,842 | -€20,778 | -41.0% |
| Plant, machinery and equipment | 23 | €9,944 | €6,097 | -€3,847 | -38.7% |
| Furniture and vehicles | 24 | €16,092 | €6,243 | -€9,849 | -61.2% |
| Leasing and similar rights | 25 | €24,584 | €17,502 | -€7,082 | -28.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €50,923 | €67,094 | +€16,171 | +31.8% |
| Amounts receivable within one year | 40/41 | €46,524 | €18,527 | -€27,997 | -60.2% |
| Trade receivables | 40 | €46,389 | €18,527 | -€27,862 | -60.1% |
| Other amounts receivable | 41 | €135 | €0 | -€135 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €44,566 | +€44,566 | |
| Deferred charges and accrued income | 490/1 | €4,398 | €4,000 | -€398 | -9.0% |
| Total equity and liabilities | 10/49 | €101,742 | €97,135 | -€4,607 | -4.5% |
| Equity | 10/15 | €38,343 | €74,113 | +€35,770 | +93.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,743 | €55,513 | +€35,770 | +181.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,743 | €55,513 | +€35,770 | +181.2% |
| Amounts payable | 17/49 | €63,400 | €23,022 | -€40,378 | -63.7% |
| Amounts payable after more than one year | 17 | €18,907 | €11,920 | -€6,987 | -37.0% |
| Financial debts | 170/4 | €18,907 | €11,920 | -€6,987 | -37.0% |
| Amounts payable within one year | 42/48 | €44,493 | €11,102 | -€33,391 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | €7,206 | €6,987 | -€219 | -3.0% |
| Financial debts | 43 | €1,513 | €0 | -€1,513 | -100.0% |
| Credit institutions | 430/8 | €1,513 | €0 | -€1,513 | -100.0% |
| Trade debts | 44 | €32,511 | €1,312 | -€31,199 | -96.0% |
| Suppliers | 440/4 | €32,511 | €1,312 | -€31,199 | -96.0% |
| Taxes, remuneration and social security | 45 | €1,221 | €561 | -€660 | -54.1% |
| Taxes | 450/3 | €1,221 | €561 | -€660 | -54.1% |
| Other amounts payable | 47/48 | €2,042 | €2,242 | +€200 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,362 | €20,778 | -€7,584 | -26.7% |
| Other operating charges | 640/8 | €1,795 | €1,428 | -€368 | -20.5% |
| Gross operating margin | 9900 | €12,566 | €59,705 | +€47,140 | +375.1% |
| Operating profit (loss) | 9901 | -€17,592 | €37,500 | +€55,092 | |
| Financial income | 75/76B | €118 | €0 | -€118 | -99.7% |
| Recurring financial income | 75 | €118 | €0 | -€118 | -99.7% |
| Financial charges | 65/66B | €2,540 | €1,729 | -€810 | -31.9% |
| Recurring financial charges | 65 | €2,540 | €1,729 | -€810 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,014 | €35,770 | +€55,784 | |
| Profit (loss) for the period | 9904 | -€20,014 | €35,770 | +€55,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,014 | €35,770 | +€55,784 |
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 12 October 2026 via checked.be.