API IMMO: 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.
What changed
API IMMO
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€776
2023 · €6,027-€6,803
Equity
€404,119
2023 · €404,894-€776
Cash
€7,009
2023 · €3,798+€3,212
Balance sheet total
€629,829
2023 · €437,384+€192,445
Largest movements
Assets
- Receivables within one year +€190,000
up €190,000 (+1055.6%), from €18,000 to €208,000
- Deferred charges and accrued income -€6,448
down €6,448 (-22.7%), from €28,469 to €22,021
Equity and liabilities
- Debts after one year +€200,000
new in 2024: €200,000
Income statement
- Gross operating margin -€11,443
down €11,443 (-50.4%), from €22,711 to €11,268
- Turnover -€8,841
down €8,841 (-23.1%), from €38,200 to €29,359
- Purchases and services +€2,602
up €2,602 (+16.8%), from €15,489 to €18,091
- Financial charges -€2,298
down €2,298 (-76.1%), from €3,020 to €721
- Taxes -€2,194
no longer reported in 2024 (was €2,194)
From the 2023 result to the 2024 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.
Result 2023
€6,027
Gross operating margin
-€11,443
Depreciation
+€2,128
Other operating charges
-€1,596
Financial income
-€304
Financial charges
+€2,298
Taxes
+€2,194
Deferred taxes and other
-€81
Result 2024
-€776
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€196,788
Investment
€0
Financing
+€200,000
Cash 2023
€3,798
From operations (derived)
-€196,788
Net result for the year
-€776
Depreciation
+€175
Stocks and contracts
-€5,856
Receivables within one year
-€190,000
Deferred charges and accrued income
+€6,448
Trade debts
-€5,678
Accrued charges and deferred income
-€1,101
Financing
+€200,000
Debts after one year
+€200,000
Cash 2024
€7,009
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,384 | €629,829 | +€192,445 | +44.0% |
| Fixed assets | 21/28 | €372,341 | €372,166 | -€175 | 0.0% |
| Tangible fixed assets | 22/27 | €372,341 | €372,166 | -€175 | 0.0% |
| Land and buildings | 22 | €372,341 | €372,166 | -€175 | 0.0% |
| Current assets | 29/58 | €65,043 | €257,663 | +€192,620 | +296.1% |
| Stocks and contracts in progress | 3 | €14,776 | €20,633 | +€5,856 | +39.6% |
| Stocks | 30/36 | €14,776 | €20,633 | +€5,856 | +39.6% |
| Amounts receivable within one year | 40/41 | €18,000 | €208,000 | +€190,000 | +1055.6% |
| Other amounts receivable | 41 | €18,000 | €208,000 | +€190,000 | +1055.6% |
| Cash at bank and in hand | 54/58 | €3,798 | €7,009 | +€3,212 | +84.6% |
| Deferred charges and accrued income | 490/1 | €28,469 | €22,021 | -€6,448 | -22.7% |
| Total equity and liabilities | 10/49 | €437,384 | €629,829 | +€192,445 | +44.0% |
| Equity | 10/15 | €404,894 | €404,119 | -€776 | -0.2% |
| Contributions | 10/11 | €278,207 | €278,207 | = | 0.0% |
| Capital | 10 | €278,207 | €278,207 | = | 0.0% |
| Issued capital | 100 | €278,207 | €278,207 | = | 0.0% |
| Reserves | 13 | €16,930 | €16,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,994 | €4,994 | = | 0.0% |
| Legal reserve | 130 | €4,994 | €4,994 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,936 | €11,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,169 | €101,394 | -€776 | -0.8% |
| Investment grants | 15 | €7,588 | €7,588 | = | 0.0% |
| Provisions and deferred taxes | 16 | €4,967 | €4,967 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,967 | €4,967 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,967 | €4,967 | = | 0.0% |
| Amounts payable | 17/49 | €27,522 | €220,743 | +€193,221 | +702.1% |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Financial debts | 170/4 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €26,421 | €20,743 | -€5,678 | -21.5% |
| Trade debts | 44 | €12,127 | €6,449 | -€5,678 | -46.8% |
| Suppliers | 440/4 | €8,327 | €2,649 | -€5,678 | -68.2% |
| Bills of exchange payable | 441 | €3,800 | €3,800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,194 | €2,194 | = | 0.0% |
| Taxes | 450/3 | €2,194 | €2,194 | = | 0.0% |
| Other amounts payable | 47/48 | €12,100 | €12,100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,101 | - | -€1,101 | |
| Turnover | 70 | €38,200 | €29,359 | -€8,841 | -23.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,489 | €18,091 | +€2,602 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,303 | €175 | -€2,128 | -92.4% |
| Other operating charges | 640/8 | €9,572 | €11,167 | +€1,596 | +16.7% |
| Gross operating margin | 9900 | €22,711 | €11,268 | -€11,443 | -50.4% |
| Operating profit (loss) | 9901 | €10,837 | -€74 | -€10,910 | |
| Financial income | 75/76B | €323 | €19 | -€304 | -94.0% |
| Recurring financial income | 75 | €323 | €19 | -€304 | -94.0% |
| Financial charges | 65/66B | €3,020 | €721 | -€2,298 | -76.1% |
| Recurring financial charges | 65 | €3,020 | €721 | -€2,298 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €8,140 | -€776 | -€8,916 | |
| Transfer from deferred taxes | 780 | €81 | - | -€81 | |
| Income taxes | 67/77 | €2,194 | - | -€2,194 | |
| Profit (loss) for the period | 9904 | €6,027 | -€776 | -€6,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,027 | -€776 | -€6,803 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.