APFC SOLUTIONS: 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.
APFC SOLUTIONS
Largest movements
- Receivables within one year -€14,201
down €14,201 (-59.3%), from €23,932 to €9,731
of which Trade receivables: -€16,550
- Tangible fixed assets +€13,246
up €13,246 (+492.4%), from €2,690 to €15,936
of which Furniture and vehicles: +€11,179
- Stocks and contracts +€3,095
new in 2025: €3,095
- Cash +€775
up €775 (+206.0%), from €376 to €1,151
mainly Receivables within one year (+€14,201) and Trade debts (+€13,777)
- Trade debts +€13,777
up €13,777 (+1905.9%), from €723 to €14,500
- Profit (loss) carried forward -€7,636
down €7,636 (-68.5%), from €11,139 to €3,504
- Tax, wage and social debts -€2,117
down €2,117 (-22.2%), from €9,554 to €7,437
- Other debts -€1,108
down €1,108 (-100.0%), from €1,108 to €0
- Write-downs +€19,144
new in 2025: €19,144
- Other operating charges +€12,295
up €12,295 (+2447.5%), from €502 to €12,797
- Gross operating margin +€5,815
up €5,815 (+27.8%), from €20,912 to €26,727
- Taxes -€5,659
down €5,659 (-100.0%), from €5,659 to €0
- Depreciation +€1,718
up €1,718 (+220.5%), from €779 to €2,497
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 | €27,024 | €29,940 | +€2,916 | +10.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,690 | €15,936 | +€13,246 | +492.4% |
| Tangible fixed assets | 22/27 | €2,690 | €15,936 | +€13,246 | +492.4% |
| Plant, machinery and equipment | 23 | - | €2,067 | +€2,067 | |
| Furniture and vehicles | 24 | €2,690 | €13,869 | +€11,179 | +415.6% |
| Current assets | 29/58 | €24,334 | €14,004 | -€10,330 | -42.5% |
| Stocks and contracts in progress | 3 | - | €3,095 | +€3,095 | |
| Stocks | 30/36 | - | €3,095 | +€3,095 | |
| Amounts receivable within one year | 40/41 | €23,932 | €9,731 | -€14,201 | -59.3% |
| Trade receivables | 40 | €22,990 | €6,440 | -€16,550 | -72.0% |
| Other amounts receivable | 41 | €942 | €3,291 | +€2,349 | +249.4% |
| Cash at bank and in hand | 54/58 | €376 | €1,151 | +€775 | +206.0% |
| Deferred charges and accrued income | 490/1 | €26 | €27 | +€1 | +2.0% |
| Total equity and liabilities | 10/49 | €27,024 | €29,940 | +€2,916 | +10.8% |
| Equity | 10/15 | €15,639 | €8,004 | -€7,636 | -48.8% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,139 | €3,504 | -€7,636 | -68.5% |
| Amounts payable | 17/49 | €11,385 | €21,937 | +€10,552 | +92.7% |
| Amounts payable within one year | 42/48 | €11,385 | €21,937 | +€10,552 | +92.7% |
| Trade debts | 44 | €723 | €14,500 | +€13,777 | +1905.9% |
| Suppliers | 440/4 | €723 | €14,500 | +€13,777 | +1905.9% |
| Taxes, remuneration and social security | 45 | €9,554 | €7,437 | -€2,117 | -22.2% |
| Taxes | 450/3 | €9,554 | €7,437 | -€2,117 | -22.2% |
| Other amounts payable | 47/48 | €1,108 | €0 | -€1,108 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €2,497 | +€1,718 | +220.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,144 | +€19,144 | |
| Other operating charges | 640/8 | €502 | €12,797 | +€12,295 | +2447.5% |
| Gross operating margin | 9900 | €20,912 | €26,727 | +€5,815 | +27.8% |
| Operating profit (loss) | 9901 | €19,630 | -€7,711 | -€27,341 | |
| Financial income | 75/76B | €46 | €115 | +€70 | +152.9% |
| Recurring financial income | 75 | €46 | €115 | +€70 | +152.9% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €19,637 | -€7,636 | -€27,273 | |
| Income taxes | 67/77 | €5,659 | €0 | -€5,659 | -100.0% |
| Profit (loss) for the period | 9904 | €13,978 | -€7,636 | -€21,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,978 | -€7,636 | -€21,614 |
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 5 October 2026 via checked.be.