APICALE: what changed
Two financial 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.
APICALE
Largest movements
- Cash +€25,169
up €25,169 (+26.3%), from €95,599 to €120,768
mainly Net result for the year (+€24,751) and Trade debts (+€4,840)
- Tangible fixed assets +€2,140
up €2,140 (+6.5%), from €33,158 to €35,299
- Reserves +€24,751
up €24,751 (+23.9%), from €103,348 to €128,099
of which Distributable reserves: +€24,751
- Trade debts +€4,840
up €4,840 (+173%), from €2,805 to €7,644
- Other debts -€3,772
down €3,772 (-43.7%), from €8,629 to €4,857
- Advances received +€1,700
new in 2025: €1,700
- Staff costs +€2,115
up €2,115 (+5.5%), from €38,462 to €40,576
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.
Derived cash bridge
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 | €138,342 | €165,841 | +€27,499 | +19.9% |
| Fixed assets | 21/28 | €33,158 | €35,299 | +€2,140 | +6.5% |
| Tangible fixed assets | 22/27 | €33,158 | €35,299 | +€2,140 | +6.5% |
| Plant, machinery and equipment | 23 | €33,158 | €35,299 | +€2,140 | +6.5% |
| Current assets | 29/58 | €105,184 | €130,542 | +€25,358 | +24.1% |
| Amounts receivable within one year | 40/41 | €4,708 | €4,301 | -€407 | -8.7% |
| Trade receivables | 40 | €1,156 | €722 | -€434 | -37.5% |
| Other amounts receivable | 41 | €3,552 | €3,579 | +€27 | +0.8% |
| Cash at bank and in hand | 54/58 | €95,599 | €120,768 | +€25,169 | +26.3% |
| Deferred charges and accrued income | 490/1 | €4,877 | €5,474 | +€597 | +12.2% |
| Total equity and liabilities | 10/49 | €138,342 | €165,841 | +€27,499 | +19.9% |
| Equity | 10/15 | €121,940 | €146,691 | +€24,751 | +20.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €103,348 | €128,099 | +€24,751 | +23.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €101,488 | €126,239 | +€24,751 | +24.4% |
| Amounts payable | 17/49 | €16,403 | €19,150 | +€2,748 | +16.8% |
| Amounts payable within one year | 42/48 | €16,403 | €19,058 | +€2,655 | +16.2% |
| Trade debts | 44 | €2,805 | €7,644 | +€4,840 | +173% |
| Suppliers | 440/4 | €2,805 | €7,644 | +€4,840 | +173% |
| Advances received on contracts in progress | 46 | - | €1,700 | +€1,700 | |
| Taxes, remuneration and social security | 45 | €4,969 | €4,857 | -€112 | -2.3% |
| Taxes | 450/3 | €282 | €680 | +€398 | +141% |
| Remuneration and social security | 454/9 | €4,687 | €4,177 | -€510 | -10.9% |
| Other amounts payable | 47/48 | €8,629 | €4,857 | -€3,772 | -43.7% |
| Accrued charges and deferred income | 492/3 | - | €92 | +€92 | |
| Non-recurring operating income | 76A | €307 | €299 | -€8 | -2.6% |
| Remuneration, social security and pensions | 62 | €38,462 | €40,576 | +€2,115 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,945 | €4,659 | -€287 | -5.8% |
| Other operating charges | 640/8 | €721 | €622 | -€100 | -13.8% |
| Non-recurring operating charges | 66A | - | €272 | +€272 | |
| Gross operating margin | 9900 | €79,209 | €79,925 | +€716 | +0.9% |
| Operating profit (loss) | 9901 | €35,080 | €33,796 | -€1,285 | -3.7% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €357 | €382 | +€25 | +7.1% |
| Recurring financial charges | 65 | €357 | €382 | +€25 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €34,724 | €33,431 | -€1,293 | -3.7% |
| Income taxes | 67/77 | €8,448 | €8,680 | +€233 | +2.8% |
| Profit (loss) for the period | 9904 | €26,276 | €24,751 | -€1,525 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,276 | €24,751 | -€1,525 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.