APG Consulting: 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.
APG Consulting
Largest movements
- Receivables within one year +€127,420
up €127,420 (+126%), from €101,485 to €228,904
- Cash -€27,679
down €27,679 (-42.8%), from €64,604 to €36,925
mainly Receivables within one year (-€127,420) and Investment in fixed assets (net) (-€561)
- Profit (loss) carried forward +€88,818
up €88,818 (+64.3%), from €138,123 to €226,941
- Tax, wage and social debts +€10,724
up €10,724 (+40.8%), from €26,262 to €36,986
- Gross operating margin -€26,727
down €26,727 (-19.9%), from €134,031 to €107,304
- Financial income +€9,074
up €9,074 (+12,871%), from €71 to €9,145
- Taxes -€5,312
down €5,312 (-17.4%), from €30,490 to €25,178
- Other operating charges +€1,827
up €1,827 (+359%), from €509 to €2,335
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 | €166,466 | €266,776 | +€100,310 | +60.3% |
| Fixed assets | 21/28 | - | €540 | +€540 | |
| Tangible fixed assets | 22/27 | - | €540 | +€540 | |
| Furniture and vehicles | 24 | - | €540 | +€540 | |
| Current assets | 29/58 | €166,466 | €266,236 | +€99,770 | +59.9% |
| Amounts receivable within one year | 40/41 | €101,485 | €228,904 | +€127,420 | +126% |
| Other amounts receivable | 41 | €101,485 | €228,904 | +€127,420 | +126% |
| Cash at bank and in hand | 54/58 | €64,604 | €36,925 | -€27,679 | -42.8% |
| Deferred charges and accrued income | 490/1 | €377 | €407 | +€29 | +7.8% |
| Total equity and liabilities | 10/49 | €166,466 | €266,776 | +€100,310 | +60.3% |
| Equity | 10/15 | €139,623 | €228,441 | +€88,818 | +63.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,123 | €226,941 | +€88,818 | +64.3% |
| Amounts payable | 17/49 | €26,843 | €38,335 | +€11,492 | +42.8% |
| Amounts payable within one year | 42/48 | €26,843 | €38,335 | +€11,492 | +42.8% |
| Financial debts | 43 | €336 | €512 | +€176 | +52.4% |
| Credit institutions | 430/8 | €336 | €512 | +€176 | +52.4% |
| Trade debts | 44 | €245 | €837 | +€592 | +241% |
| Suppliers | 440/4 | €245 | €837 | +€592 | +241% |
| Taxes, remuneration and social security | 45 | €26,262 | €36,986 | +€10,724 | +40.8% |
| Taxes | 450/3 | €26,262 | €36,986 | +€10,724 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21 | +€21 | |
| Other operating charges | 640/8 | €509 | €2,335 | +€1,827 | +359% |
| Gross operating margin | 9900 | €134,031 | €107,304 | -€26,727 | -19.9% |
| Operating profit (loss) | 9901 | €133,522 | €104,947 | -€28,574 | -21.4% |
| Financial income | 75/76B | €71 | €9,145 | +€9,074 | +12,871% |
| Recurring financial income | 75 | €71 | €9,145 | +€9,074 | +12,871% |
| Financial charges | 65/66B | €102 | €96 | -€7 | -6.5% |
| Recurring financial charges | 65 | €102 | €96 | -€7 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €133,490 | €113,996 | -€19,494 | -14.6% |
| Income taxes | 67/77 | €30,490 | €25,178 | -€5,312 | -17.4% |
| Profit (loss) for the period | 9904 | €103,000 | €88,818 | -€14,182 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,000 | €88,818 | -€14,182 | -13.8% |
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 18 October 2026 via checked.be.