APERS - VAN SCHOOTE: 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 - VAN SCHOOTE
Largest movements
- Tangible fixed assets -€93,491
down €93,491 (-27.5%), from €340,280 to €246,789
of which Furniture and vehicles: -€83,927
- Receivables within one year +€44,576
up €44,576 (+58.6%), from €76,073 to €120,649
of which Trade receivables: +€46,172
- Cash -€28,925
down €28,925 (-32.0%), from €90,254 to €61,329
mainly Debts after one year (-€69,976) and Receivables within one year (-€44,576)
- Deferred charges and accrued income +€25,306
up €25,306 (+808%), from €3,133 to €28,439
- Current investments +€6,024
up €6,024 (+90.9%), from €6,628 to €12,652
- Reserves +€72,700
up €72,700 (+42.4%), from €171,300 to €244,000
- Debts after one year -€69,976
down €69,976 (-48.7%), from €143,732 to €73,756
- Trade debts -€24,754
down €24,754 (-52.8%), from €46,858 to €22,103
- Other debts -€22,267
down €22,267 (-45.6%), from €48,855 to €26,588
- Current portion of long-term debt -€6,680
down €6,680 (-8.2%), from €80,982 to €74,302
- Gross operating margin +€41,947
up €41,947 (+23.9%), from €175,409 to €217,356
- Taxes +€26,498
up €26,498 (+1,091%), from €2,430 to €28,928
- Depreciation +€11,870
up €11,870 (+13.1%), from €90,708 to €102,578
- Financial charges -€2,621
down €2,621 (-18.4%), from €14,209 to €11,588
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 | €517,284 | €470,773 | -€46,511 | -9.0% |
| Fixed assets | 21/28 | €341,195 | €247,704 | -€93,491 | -27.4% |
| Tangible fixed assets | 22/27 | €340,280 | €246,789 | -€93,491 | -27.5% |
| Plant, machinery and equipment | 23 | €37,670 | €28,443 | -€9,228 | -24.5% |
| Furniture and vehicles | 24 | €258,348 | €174,421 | -€83,927 | -32.5% |
| Other tangible fixed assets | 26 | €44,262 | €43,926 | -€337 | -0.8% |
| Financial fixed assets | 28 | €915 | €915 | = | 0.0% |
| Current assets | 29/58 | €176,089 | €223,069 | +€46,981 | +26.7% |
| Amounts receivable within one year | 40/41 | €76,073 | €120,649 | +€44,576 | +58.6% |
| Trade receivables | 40 | €71,009 | €117,181 | +€46,172 | +65.0% |
| Other amounts receivable | 41 | €5,065 | €3,468 | -€1,597 | -31.5% |
| Current investments | 50/53 | €6,628 | €12,652 | +€6,024 | +90.9% |
| Cash at bank and in hand | 54/58 | €90,254 | €61,329 | -€28,925 | -32.0% |
| Deferred charges and accrued income | 490/1 | €3,133 | €28,439 | +€25,306 | +808% |
| Total equity and liabilities | 10/49 | €517,284 | €470,773 | -€46,511 | -9.0% |
| Equity | 10/15 | €189,931 | €262,737 | +€72,806 | +38.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €171,300 | €244,000 | +€72,700 | +42.4% |
| Distributable reserves | 133 | €171,300 | €244,000 | +€72,700 | +42.4% |
| Profit (loss) carried forward | 14 | €39 | €145 | +€106 | +270% |
| Amounts payable | 17/49 | €327,353 | €208,036 | -€119,316 | -36.4% |
| Amounts payable after more than one year | 17 | €143,732 | €73,756 | -€69,976 | -48.7% |
| Financial debts | 170/4 | €143,732 | €73,756 | -€69,976 | -48.7% |
| Amounts payable within one year | 42/48 | €183,573 | €134,158 | -€49,416 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €80,982 | €74,302 | -€6,680 | -8.2% |
| Financial debts | 43 | €1,719 | €1,714 | -€5 | -0.3% |
| Credit institutions | 430/8 | €1,719 | €1,714 | -€5 | -0.3% |
| Trade debts | 44 | €46,858 | €22,103 | -€24,754 | -52.8% |
| Suppliers | 440/4 | €46,858 | €22,103 | -€24,754 | -52.8% |
| Taxes, remuneration and social security | 45 | €5,160 | €9,450 | +€4,290 | +83.1% |
| Taxes | 450/3 | €5,160 | €9,450 | +€4,290 | +83.1% |
| Other amounts payable | 47/48 | €48,855 | €26,588 | -€22,267 | -45.6% |
| Accrued charges and deferred income | 492/3 | €48 | €123 | +€75 | +157% |
| Non-recurring operating income | 76A | €47,000 | - | -€47,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,708 | €102,578 | +€11,870 | +13.1% |
| Other operating charges | 640/8 | €2,436 | €1,777 | -€659 | -27.1% |
| Non-recurring operating charges | 66A | €20,000 | - | -€20,000 | |
| Gross operating margin | 9900 | €175,409 | €217,356 | +€41,947 | +23.9% |
| Operating profit (loss) | 9901 | €62,265 | €113,002 | +€50,736 | +81.5% |
| Financial income | 75/76B | €545 | €320 | -€225 | -41.3% |
| Recurring financial income | 75 | €545 | €320 | -€225 | -41.3% |
| Financial charges | 65/66B | €14,209 | €11,588 | -€2,621 | -18.4% |
| Recurring financial charges | 65 | €14,209 | €11,588 | -€2,621 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €48,602 | €101,733 | +€53,132 | +109% |
| Income taxes | 67/77 | €2,430 | €28,928 | +€26,498 | +1,091% |
| Profit (loss) for the period | 9904 | €46,172 | €72,806 | +€26,634 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,172 | €72,806 | +€26,634 | +57.7% |
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 21 October 2026 via checked.be.