APIC Consulting: 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.
APIC Consulting
Largest movements
- Tangible fixed assets -€10,423
down €10,423 (-24.9%), from €41,888 to €31,465
of which Furniture and vehicles: -€9,685
- Receivables within one year -€5,351
down €5,351 (-58.2%), from €9,196 to €3,845
of which Trade receivables: -€4,998
- Cash +€753
up €753 (+4.5%), from €16,568 to €17,321
mainly Depreciation (+€10,423) and Receivables within one year (+€5,351)
- Debts after one year -€11,251
down €11,251 (-92.7%), from €12,139 to €888
- Trade debts -€2,411
down €2,411 (-72.7%), from €3,316 to €904
- Profit (loss) carried forward -€1,795
new in 2025: -€1,795
- Gross operating margin -€19,717
down €19,717 (-52.6%), from €37,462 to €17,745
- Taxes -€6,294
down €6,294 (-74.5%), from €8,451 to €2,157
- Other operating charges +€5,409
up €5,409 (+543.6%), from €995 to €6,404
- Depreciation +€1,673
up €1,673 (+19.1%), from €8,750 to €10,423
- Financial charges -€726
down €726 (-53.1%), from €1,366 to €640
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 | €69,744 | €55,057 | -€14,687 | -21.1% |
| Fixed assets | 21/28 | €43,488 | €33,065 | -€10,423 | -24.0% |
| Tangible fixed assets | 22/27 | €41,888 | €31,465 | -€10,423 | -24.9% |
| Plant, machinery and equipment | 23 | €2,171 | €1,432 | -€738 | -34.0% |
| Furniture and vehicles | 24 | €39,717 | €30,033 | -€9,685 | -24.4% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €26,256 | €21,992 | -€4,264 | -16.2% |
| Amounts receivable within one year | 40/41 | €9,196 | €3,845 | -€5,351 | -58.2% |
| Trade receivables | 40 | €6,000 | €1,002 | -€4,998 | -83.3% |
| Other amounts receivable | 41 | €3,196 | €2,843 | -€353 | -11.1% |
| Cash at bank and in hand | 54/58 | €16,568 | €17,321 | +€753 | +4.5% |
| Deferred charges and accrued income | 490/1 | €492 | €826 | +€334 | +67.9% |
| Total equity and liabilities | 10/49 | €69,744 | €55,057 | -€14,687 | -21.1% |
| Equity | 10/15 | €41,704 | €39,909 | -€1,795 | -4.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €35,704 | €35,704 | = | 0.0% |
| Distributable reserves | 133 | €35,704 | €35,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,795 | -€1,795 | |
| Amounts payable | 17/49 | €28,040 | €15,148 | -€12,892 | -46.0% |
| Amounts payable after more than one year | 17 | €12,139 | €888 | -€11,251 | -92.7% |
| Financial debts | 170/4 | €12,139 | €888 | -€11,251 | -92.7% |
| Amounts payable within one year | 42/48 | €15,901 | €14,261 | -€1,640 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €10,934 | €11,251 | +€317 | +2.9% |
| Trade debts | 44 | €3,316 | €904 | -€2,411 | -72.7% |
| Suppliers | 440/4 | €3,316 | €904 | -€2,411 | -72.7% |
| Taxes, remuneration and social security | 45 | €1,651 | €1,651 | = | 0.0% |
| Taxes | 450/3 | €1,651 | €1,651 | = | 0.0% |
| Other amounts payable | 47/48 | - | €454 | +€454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,750 | €10,423 | +€1,673 | +19.1% |
| Other operating charges | 640/8 | €995 | €6,404 | +€5,409 | +543.6% |
| Gross operating margin | 9900 | €37,462 | €17,745 | -€19,717 | -52.6% |
| Operating profit (loss) | 9901 | €27,717 | €918 | -€26,799 | -96.7% |
| Financial income | 75/76B | €395 | €84 | -€311 | -78.7% |
| Recurring financial income | 75 | €395 | €84 | -€311 | -78.7% |
| Financial charges | 65/66B | €1,366 | €640 | -€726 | -53.1% |
| Recurring financial charges | 65 | €1,366 | €640 | -€726 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €26,746 | €362 | -€26,384 | -98.6% |
| Income taxes | 67/77 | €8,451 | €2,157 | -€6,294 | -74.5% |
| Profit (loss) for the period | 9904 | €18,294 | -€1,795 | -€20,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,294 | -€1,795 | -€20,090 |
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.