APICAL - CDL: 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.
APICAL - CDL
Largest movements
- Cash +€39,279
up €39,279 (+1210.6%), from €3,245 to €42,524
mainly Net result for the year (+€56,976) and Tax, wage and social debts (+€9,588)
- Receivables within one year -€6,835
down €6,835 (-28.5%), from €24,000 to €17,165
- Deferred charges and accrued income +€5,712
up €5,712 (+23.5%), from €24,346 to €30,058
- Tangible fixed assets +€4,962
up €4,962 (+24.3%), from €20,424 to €25,386
of which Other tangible fixed assets: +€6,965
- Profit (loss) carried forward +€56,976
up €56,976 (+167.7%), from €33,969 to €90,946
- Other debts -€19,829
down €19,829 (-99.2%), from €19,986 to €157
- Tax, wage and social debts +€9,588
up €9,588 (+87.1%), from €11,012 to €20,600
of which Taxes: +€9,300
- Trade debts -€3,617
down €3,617 (-71.7%), from €5,048 to €1,431
- Gross operating margin +€35,161
up €35,161 (+63.9%), from €55,020 to €90,180
- Taxes +€9,654
up €9,654 (+92.7%), from €10,415 to €20,069
- Other operating charges -€4,549
down €4,549 (-64.5%), from €7,051 to €2,502
- Financial charges -€1,012
down €1,012 (-14.7%), from €6,879 to €5,868
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 | €72,015 | €115,133 | +€43,118 | +59.9% |
| Fixed assets | 21/28 | €20,424 | €25,386 | +€4,962 | +24.3% |
| Tangible fixed assets | 22/27 | €20,424 | €25,386 | +€4,962 | +24.3% |
| Furniture and vehicles | 24 | €7,424 | €5,421 | -€2,003 | -27.0% |
| Other tangible fixed assets | 26 | €13,000 | €19,965 | +€6,965 | +53.6% |
| Current assets | 29/58 | €51,590 | €89,747 | +€38,157 | +74.0% |
| Amounts receivable within one year | 40/41 | €24,000 | €17,165 | -€6,835 | -28.5% |
| Other amounts receivable | 41 | €24,000 | €17,165 | -€6,835 | -28.5% |
| Cash at bank and in hand | 54/58 | €3,245 | €42,524 | +€39,279 | +1210.6% |
| Deferred charges and accrued income | 490/1 | €24,346 | €30,058 | +€5,712 | +23.5% |
| Total equity and liabilities | 10/49 | €72,015 | €115,133 | +€43,118 | +59.9% |
| Equity | 10/15 | €35,969 | €92,946 | +€56,976 | +158.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,969 | €90,946 | +€56,976 | +167.7% |
| Amounts payable | 17/49 | €36,046 | €22,187 | -€13,858 | -38.4% |
| Amounts payable within one year | 42/48 | €36,046 | €22,187 | -€13,858 | -38.4% |
| Trade debts | 44 | €5,048 | €1,431 | -€3,617 | -71.7% |
| Suppliers | 440/4 | €5,048 | €1,431 | -€3,617 | -71.7% |
| Taxes, remuneration and social security | 45 | €11,012 | €20,600 | +€9,588 | +87.1% |
| Taxes | 450/3 | €9,762 | €19,062 | +€9,300 | +95.3% |
| Remuneration and social security | 454/9 | €1,250 | €1,538 | +€288 | +23.0% |
| Other amounts payable | 47/48 | €19,986 | €157 | -€19,829 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,015 | €4,773 | +€758 | +18.9% |
| Other operating charges | 640/8 | €7,051 | €2,502 | -€4,549 | -64.5% |
| Gross operating margin | 9900 | €55,020 | €90,180 | +€35,161 | +63.9% |
| Operating profit (loss) | 9901 | €43,954 | €82,905 | +€38,952 | +88.6% |
| Financial income | 75/76B | €13 | €8 | -€5 | -36.2% |
| Recurring financial income | 75 | €13 | €8 | -€5 | -36.2% |
| Financial charges | 65/66B | €6,879 | €5,868 | -€1,012 | -14.7% |
| Recurring financial charges | 65 | €6,879 | €5,868 | -€1,012 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €37,087 | €77,046 | +€39,959 | +107.7% |
| Income taxes | 67/77 | €10,415 | €20,069 | +€9,654 | +92.7% |
| Profit (loss) for the period | 9904 | €26,672 | €56,976 | +€30,305 | +113.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,672 | €56,976 | +€30,305 | +113.6% |
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 2 October 2026 via checked.be.