APHB: 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.
APHB
Largest movements
- Tangible fixed assets +€27,315
up €27,315 (+5801.5%), from €471 to €27,786
- Receivables within one year -€1,631
down €1,631 (-14.6%), from €11,152 to €9,522
of which Other amounts receivable: -€3,219
- Deferred charges and accrued income +€1,433
up €1,433 (+346.2%), from €414 to €1,847
- Cash +€1,277
up €1,277 (+12.9%), from €9,924 to €11,201
mainly Debts after one year (+€19,129) and Net result for the year (+€18,796)
- Debts after one year +€19,129
up €19,129, from €0 to €19,129
- Other debts +€9,000
up €9,000 (+100.0%), from €9,000 to €18,000
- Profit (loss) carried forward +€796
up €796 (+154.9%), from €514 to €1,309
- Gross operating margin +€2,947
up €2,947 (+10.7%), from €27,597 to €30,544
- Depreciation +€2,412
up €2,412 (+365.7%), from €659 to €3,071
- Taxes +€1,934
up €1,934 (+32.4%), from €5,964 to €7,898
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 | €22,203 | €50,355 | +€28,152 | +126.8% |
| Formation expenses | 20 | €242 | €0 | -€242 | -100.0% |
| Fixed assets | 21/28 | €471 | €27,786 | +€27,315 | +5801.5% |
| Tangible fixed assets | 22/27 | €471 | €27,786 | +€27,315 | +5801.5% |
| Furniture and vehicles | 24 | €471 | €27,786 | +€27,315 | +5801.5% |
| Current assets | 29/58 | €21,490 | €22,569 | +€1,079 | +5.0% |
| Amounts receivable within one year | 40/41 | €11,152 | €9,522 | -€1,631 | -14.6% |
| Trade receivables | 40 | €6,353 | €7,941 | +€1,588 | +25.0% |
| Other amounts receivable | 41 | €4,800 | €1,581 | -€3,219 | -67.1% |
| Cash at bank and in hand | 54/58 | €9,924 | €11,201 | +€1,277 | +12.9% |
| Deferred charges and accrued income | 490/1 | €414 | €1,847 | +€1,433 | +346.2% |
| Total equity and liabilities | 10/49 | €22,203 | €50,355 | +€28,152 | +126.8% |
| Equity | 10/15 | €10,514 | €11,309 | +€796 | +7.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €514 | €1,309 | +€796 | +154.9% |
| Amounts payable | 17/49 | €11,689 | €39,045 | +€27,356 | +234.0% |
| Amounts payable after more than one year | 17 | €0 | €19,129 | +€19,129 | |
| Other amounts payable | 178/9 | €0 | €19,129 | +€19,129 | |
| Amounts payable within one year | 42/48 | €11,333 | €19,550 | +€8,218 | +72.5% |
| Trade debts | 44 | €1,698 | €1,203 | -€495 | -29.2% |
| Suppliers | 440/4 | €1,698 | €1,203 | -€495 | -29.2% |
| Taxes, remuneration and social security | 45 | €635 | €348 | -€287 | -45.2% |
| Taxes | 450/3 | €635 | €348 | -€287 | -45.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,000 | €18,000 | +€9,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | €356 | €366 | +€10 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €3,071 | +€2,412 | +365.7% |
| Other operating charges | 640/8 | €477 | €676 | +€199 | +41.6% |
| Gross operating margin | 9900 | €27,597 | €30,544 | +€2,947 | +10.7% |
| Operating profit (loss) | 9901 | €26,460 | €26,798 | +€337 | +1.3% |
| Financial income | 75/76B | €12 | €0 | -€11 | -97.4% |
| Recurring financial income | 75 | €12 | €0 | -€11 | -97.4% |
| Financial charges | 65/66B | €130 | €104 | -€26 | -19.7% |
| Recurring financial charges | 65 | €130 | €104 | -€26 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €26,342 | €26,694 | +€352 | +1.3% |
| Income taxes | 67/77 | €5,964 | €7,898 | +€1,934 | +32.4% |
| Profit (loss) for the period | 9904 | €20,378 | €18,796 | -€1,582 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,378 | €18,796 | -€1,582 | -7.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.