APICATION: 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.
APICATION
Largest movements
- Cash +€18,970
up €18,970 (+296.7%), from €6,393 to €25,363
mainly Net result for the year (+€18,990) and Receivables within one year (+€7,223)
- Receivables within one year -€7,223
down €7,223 (-16.6%), from €43,590 to €36,368
of which Trade receivables: -€8,623
- Deferred charges and accrued income +€673
new in 2025: €673
- Profit (loss) carried forward +€8,059
up €8,059 (+21.8%), from €36,921 to €44,980
- Tax, wage and social debts +€3,248
up €3,248 (+83.9%), from €3,869 to €7,117
- Trade debts +€1,274
up €1,274 (+97.4%), from €1,308 to €2,581
- Accrued charges and deferred income -€785
no longer reported in 2025 (was €785)
- Gross operating margin +€23,565
up €23,565 (+2614.3%), from €901 to €24,466
- Taxes +€3,777
up €3,777 (+699.0%), from €540 to €4,318
- Financial charges -€1,700
down €1,700 (-93.3%), from €1,822 to €122
- Financial income +€382
new in 2025: €382
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 | €50,943 | €62,738 | +€11,795 | +23.2% |
| Fixed assets | 21/28 | €960 | €335 | -€625 | -65.1% |
| Tangible fixed assets | 22/27 | €960 | €335 | -€625 | -65.1% |
| Furniture and vehicles | 24 | €960 | €335 | -€625 | -65.1% |
| Current assets | 29/58 | €49,983 | €62,403 | +€12,420 | +24.8% |
| Amounts receivable within one year | 40/41 | €43,590 | €36,368 | -€7,223 | -16.6% |
| Trade receivables | 40 | €37,166 | €28,543 | -€8,623 | -23.2% |
| Other amounts receivable | 41 | €6,424 | €7,825 | +€1,400 | +21.8% |
| Cash at bank and in hand | 54/58 | €6,393 | €25,363 | +€18,970 | +296.7% |
| Deferred charges and accrued income | 490/1 | - | €673 | +€673 | |
| Total equity and liabilities | 10/49 | €50,943 | €62,738 | +€11,795 | +23.2% |
| Equity | 10/15 | €44,981 | €53,040 | +€8,059 | +17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,921 | €44,980 | +€8,059 | +21.8% |
| Amounts payable | 17/49 | €5,962 | €9,698 | +€3,736 | +62.7% |
| Amounts payable within one year | 42/48 | €5,177 | €9,698 | +€4,522 | +87.3% |
| Trade debts | 44 | €1,308 | €2,581 | +€1,274 | +97.4% |
| Suppliers | 440/4 | €1,308 | €2,581 | +€1,274 | +97.4% |
| Taxes, remuneration and social security | 45 | €3,869 | €7,117 | +€3,248 | +83.9% |
| Taxes | 450/3 | €3,869 | €7,117 | +€3,248 | +83.9% |
| Accrued charges and deferred income | 492/3 | €785 | - | -€785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €625 | -€0 | 0.0% |
| Other operating charges | 640/8 | €114 | €323 | +€209 | +183.6% |
| Non-recurring operating charges | 66A | - | €470 | +€470 | |
| Gross operating margin | 9900 | €901 | €24,466 | +€23,565 | +2614.3% |
| Operating profit (loss) | 9901 | €162 | €23,048 | +€22,886 | +14119.4% |
| Financial income | 75/76B | - | €382 | +€382 | |
| Recurring financial income | 75 | - | €382 | +€382 | |
| Financial charges | 65/66B | €1,822 | €122 | -€1,700 | -93.3% |
| Recurring financial charges | 65 | €1,822 | €122 | -€1,700 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,660 | €23,308 | +€24,968 | |
| Income taxes | 67/77 | €540 | €4,318 | +€3,777 | +699.0% |
| Profit (loss) for the period | 9904 | -€2,201 | €18,990 | +€21,191 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,201 | €18,990 | +€21,191 |
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 11 October 2026 via checked.be.