API DECO: 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.
API DECO
Largest movements
- Receivables within one year +€35,492
up €35,492 (+220.6%), from €16,090 to €51,582
of which Trade receivables: +€37,835
- Trade debts +€15,724
up €15,724 (+358.0%), from €4,392 to €20,115
of which Bills of exchange payable: +€13,874
- Profit (loss) carried forward +€12,958
up €12,958, from -€4,972 to €7,987
- Tax, wage and social debts +€6,097
up €6,097 (+683.8%), from €892 to €6,989
- Other debts +€1,257
new in 2025: €1,257
- Depreciation -€8,335
down €8,335 (-98.5%), from €8,466 to €131
- Taxes +€3,459
up €3,459 (+1932.9%), from €179 to €3,638
- Gross operating margin +€2,412
up €2,412 (+16.1%), from €15,017 to €17,428
- Other operating charges -€248
down €248 (-31.1%), from €796 to €548
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 | €18,936 | €54,973 | +€36,036 | +190.3% |
| Fixed assets | 21/28 | €131 | - | -€131 | |
| Tangible fixed assets | 22/27 | €131 | - | -€131 | |
| Plant, machinery and equipment | 23 | €131 | - | -€131 | |
| Current assets | 29/58 | €18,806 | €54,973 | +€36,167 | +192.3% |
| Amounts receivable within one year | 40/41 | €16,090 | €51,582 | +€35,492 | +220.6% |
| Trade receivables | 40 | €13,746 | €51,582 | +€37,835 | +275.2% |
| Other amounts receivable | 41 | €2,344 | - | -€2,344 | |
| Cash at bank and in hand | 54/58 | €2,716 | €3,246 | +€531 | +19.5% |
| Deferred charges and accrued income | 490/1 | - | €145 | +€145 | |
| Total equity and liabilities | 10/49 | €18,936 | €54,973 | +€36,036 | +190.3% |
| Equity | 10/15 | €13,653 | €26,612 | +€12,958 | +94.9% |
| Contributions | 10/11 | €18,625 | €18,625 | = | 0.0% |
| Outside capital | 11 | €18,625 | €18,625 | = | 0.0% |
| Other | 1109/19 | €18,625 | €18,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,972 | €7,987 | +€12,958 | |
| Amounts payable | 17/49 | €5,283 | €28,361 | +€23,078 | +436.8% |
| Amounts payable within one year | 42/48 | €5,283 | €28,361 | +€23,078 | +436.8% |
| Trade debts | 44 | €4,392 | €20,115 | +€15,724 | +358.0% |
| Suppliers | 440/4 | €4,392 | €6,241 | +€1,850 | +42.1% |
| Bills of exchange payable | 441 | - | €13,874 | +€13,874 | |
| Taxes, remuneration and social security | 45 | €892 | €6,989 | +€6,097 | +683.8% |
| Taxes | 450/3 | €892 | €6,989 | +€6,097 | +683.8% |
| Other amounts payable | 47/48 | - | €1,257 | +€1,257 | |
| Non-recurring operating income | 76A | €291 | - | -€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,466 | €131 | -€8,335 | -98.5% |
| Other operating charges | 640/8 | €796 | €548 | -€248 | -31.1% |
| Gross operating margin | 9900 | €15,017 | €17,428 | +€2,412 | +16.1% |
| Operating profit (loss) | 9901 | €5,755 | €16,749 | +€10,994 | +191.0% |
| Financial income | 75/76B | €0 | €27 | +€27 | +89200.0% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +89200.0% |
| Financial charges | 65/66B | €238 | €179 | -€58 | -24.5% |
| Recurring financial charges | 65 | €238 | €179 | -€58 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €5,517 | €16,596 | +€11,079 | +200.8% |
| Income taxes | 67/77 | €179 | €3,638 | +€3,459 | +1932.9% |
| Profit (loss) for the period | 9904 | €5,338 | €12,958 | +€7,620 | +142.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,338 | €12,958 | +€7,620 | +142.7% |
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 6 October 2026 via checked.be.