API TOGETHER: 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 TOGETHER
Largest movements
- Tangible fixed assets +€440,114
up €440,114 (+54.7%), from €804,445 to €1.2m
of which Land and buildings: +€451,563
- Debts after one year +€306,359
up €306,359 (+67.0%), from €457,439 to €763,798
- Other debts +€123,694
up €123,694 (+314.3%), from €39,353 to €163,047
- Current portion of long-term debt +€34,661
up €34,661 (+61.7%), from €56,183 to €90,844
- Profit (loss) carried forward -€19,367
down €19,367 (-22.2%), from €87,253 to €67,886
- Gross operating margin -€18,159
down €18,159 (-20.5%), from €88,755 to €70,597
- Financial charges +€7,061
up €7,061 (+109.2%), from €6,467 to €13,528
- Depreciation +€3,633
up €3,633 (+4.8%), from €75,551 to €79,184
- Taxes -€2,949
down €2,949 (-100.0%), from €2,949 to €0
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €810,366 | €1,262,439 | +€452,072 | +55.8% |
| Fixed assets | 21/28 | €804,445 | €1,247,734 | +€443,288 | +55.1% |
| Intangible fixed assets | 21 | - | €3,174 | +€3,174 | |
| Tangible fixed assets | 22/27 | €804,445 | €1,244,560 | +€440,114 | +54.7% |
| Land and buildings | 22 | €773,245 | €1,224,808 | +€451,563 | +58.4% |
| Furniture and vehicles | 24 | €31,201 | €19,752 | -€11,449 | -36.7% |
| Current assets | 29/58 | €5,921 | €14,705 | +€8,784 | +148.4% |
| Amounts receivable within one year | 40/41 | €979 | €0 | -€979 | -100.0% |
| Other amounts receivable | 41 | €979 | €0 | -€979 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,942 | €14,705 | +€9,763 | +197.6% |
| Total equity and liabilities | 10/49 | €810,366 | €1,262,439 | +€452,072 | +55.8% |
| Equity | 10/15 | €253,329 | €229,642 | -€23,687 | -9.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €88,171 | €88,171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €81,921 | €81,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,253 | €67,886 | -€19,367 | -22.2% |
| Investment grants | 15 | €15,405 | €11,085 | -€4,320 | -28.0% |
| Amounts payable | 17/49 | €557,037 | €1,032,797 | +€475,760 | +85.4% |
| Amounts payable after more than one year | 17 | €457,439 | €763,798 | +€306,359 | +67.0% |
| Financial debts | 170/4 | €457,439 | €763,798 | +€306,359 | +67.0% |
| Amounts payable within one year | 42/48 | €99,599 | €268,999 | +€169,400 | +170.1% |
| Current portion of amounts payable after more than one year | 42 | €56,183 | €90,844 | +€34,661 | +61.7% |
| Trade debts | 44 | €1,113 | €840 | -€273 | -24.6% |
| Suppliers | 440/4 | €1,113 | €840 | -€273 | -24.6% |
| Advances received on contracts in progress | 46 | - | €9,523 | +€9,523 | |
| Taxes, remuneration and social security | 45 | €2,949 | €4,745 | +€1,796 | +60.9% |
| Taxes | 450/3 | €2,949 | €4,745 | +€1,796 | +60.9% |
| Other amounts payable | 47/48 | €39,353 | €163,047 | +€123,694 | +314.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,551 | €79,184 | +€3,633 | +4.8% |
| Other operating charges | 640/8 | €1,916 | €1,585 | -€330 | -17.2% |
| Gross operating margin | 9900 | €88,755 | €70,597 | -€18,159 | -20.5% |
| Operating profit (loss) | 9901 | €11,289 | -€10,173 | -€21,462 | |
| Financial income | 75/76B | €4,448 | €4,333 | -€114 | -2.6% |
| Recurring financial income | 75 | €4,448 | €4,333 | -€114 | -2.6% |
| Financial charges | 65/66B | €6,467 | €13,528 | +€7,061 | +109.2% |
| Recurring financial charges | 65 | €6,467 | €13,528 | +€7,061 | +109.2% |
| Profit (loss) for the period before taxes | 9903 | €9,269 | -€19,367 | -€28,636 | |
| Income taxes | 67/77 | €2,949 | €0 | -€2,949 | -100.0% |
| Profit (loss) for the period | 9904 | €6,320 | -€19,367 | -€25,688 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,320 | -€19,367 | -€25,688 |
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 6 October 2026 via checked.be.