API DÉVELOPPEMENT: 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 DÉVELOPPEMENT
Largest movements
- Current investments +€50,000
up €50,000 (+14.3%), from €350,000 to €400,000
- Tangible fixed assets -€28,311
down €28,311 (-11.9%), from €238,634 to €210,323
- Cash +€17,707
up €17,707 (+28.9%), from €61,213 to €78,920
mainly Net result for the year (+€59,377) and Depreciation (+€28,311)
- Receivables within one year +€15,697
up €15,697 (+23.9%), from €65,752 to €81,449
of which Other amounts receivable: +€21,010
- Reserves +€59,377
up €59,377 (+13.9%), from €427,742 to €487,118
of which Distributable reserves: +€57,677
- Turnover -€132,171
no longer reported in 2025 (was €132,171)
- Purchases and services -€16,012
no longer reported in 2025 (was €16,012)
- Financial income -€3,462
down €3,462 (-38.5%), from €8,981 to €5,519
- Gross operating margin -€2,534
down €2,534 (-2.2%), from €116,159 to €113,625
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 | €716,557 | €773,010 | +€56,453 | +7.9% |
| Fixed assets | 21/28 | €238,634 | €210,323 | -€28,311 | -11.9% |
| Tangible fixed assets | 22/27 | €238,634 | €210,323 | -€28,311 | -11.9% |
| Land and buildings | 22 | €238,634 | €210,323 | -€28,311 | -11.9% |
| Current assets | 29/58 | €477,923 | €562,687 | +€84,764 | +17.7% |
| Amounts receivable within one year | 40/41 | €65,752 | €81,449 | +€15,697 | +23.9% |
| Trade receivables | 40 | €54,829 | €49,516 | -€5,313 | -9.7% |
| Other amounts receivable | 41 | €10,923 | €31,934 | +€21,010 | +192.3% |
| Current investments | 50/53 | €350,000 | €400,000 | +€50,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €61,213 | €78,920 | +€17,707 | +28.9% |
| Deferred charges and accrued income | 490/1 | €959 | €2,318 | +€1,359 | +141.8% |
| Total equity and liabilities | 10/49 | €716,557 | €773,010 | +€56,453 | +7.9% |
| Equity | 10/15 | €677,742 | €737,118 | +€59,377 | +8.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €427,742 | €487,118 | +€59,377 | +13.9% |
| Non-distributable reserves | 130/1 | €23,300 | €25,000 | +€1,700 | +7.3% |
| Legal reserve | 130 | €23,300 | €25,000 | +€1,700 | +7.3% |
| Distributable reserves | 133 | €404,442 | €462,118 | +€57,677 | +14.3% |
| Amounts payable | 17/49 | €38,815 | €35,892 | -€2,923 | -7.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,910 | €30,073 | -€1,837 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €3,642 | €0 | -€3,642 | -100.0% |
| Trade debts | 44 | €5,118 | €7,832 | +€2,714 | +53.0% |
| Suppliers | 440/4 | €5,118 | €7,832 | +€2,714 | +53.0% |
| Taxes, remuneration and social security | 45 | €23,150 | €22,241 | -€910 | -3.9% |
| Taxes | 450/3 | €23,150 | €22,241 | -€910 | -3.9% |
| Accrued charges and deferred income | 492/3 | €6,905 | €5,819 | -€1,086 | -15.7% |
| Turnover | 70 | €132,171 | - | -€132,171 | |
| Goods, raw materials, services and sundry goods | 60/61 | €16,012 | - | -€16,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,311 | €28,311 | = | 0.0% |
| Other operating charges | 640/8 | €9,037 | €8,910 | -€127 | -1.4% |
| Gross operating margin | 9900 | €116,159 | €113,625 | -€2,534 | -2.2% |
| Operating profit (loss) | 9901 | €78,812 | €76,405 | -€2,407 | -3.1% |
| Financial income | 75/76B | €8,981 | €5,519 | -€3,462 | -38.5% |
| Recurring financial income | 75 | €8,981 | €5,519 | -€3,462 | -38.5% |
| Financial charges | 65/66B | €1,047 | €307 | -€740 | -70.7% |
| Recurring financial charges | 65 | €1,047 | €307 | -€740 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €86,746 | €81,617 | -€5,129 | -5.9% |
| Income taxes | 67/77 | €23,150 | €22,241 | -€910 | -3.9% |
| Profit (loss) for the period | 9904 | €63,596 | €59,377 | -€4,219 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,596 | €59,377 | -€4,219 | -6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.