APIDLO: 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.
APIDLO
Largest movements
- Tangible fixed assets -€21,418
down €21,418 (-1.3%), from €1.6m to €1.6m
of which Land and buildings: -€18,962
- Other debts +€80,685
up €80,685 (+14.0%), from €577,931 to €658,616
- Debts after one year -€57,789
down €57,789 (-4.6%), from €1.2m to €1.2m
- Profit (loss) carried forward -€39,707
down €39,707 (-15.5%), from -€256,341 to -€296,048
- Other operating charges +€13,965
up €13,965 (+526%), from €2,654 to €16,619
- Depreciation +€13,939
up €13,939 (+34.2%), from €40,798 to €54,737
- Financial charges -€1,781
down €1,781 (-3.8%), from €46,448 to €44,667
- Gross operating margin +€1,470
up €1,470 (+2.0%), from €74,846 to €76,316
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 | €1,652,331 | €1,623,492 | -€28,839 | -1.7% |
| Fixed assets | 21/28 | €1,623,503 | €1,602,085 | -€21,418 | -1.3% |
| Tangible fixed assets | 22/27 | €1,623,503 | €1,602,085 | -€21,418 | -1.3% |
| Land and buildings | 22 | €1,573,343 | €1,554,381 | -€18,962 | -1.2% |
| Other tangible fixed assets | 26 | €50,160 | €47,704 | -€2,456 | -4.9% |
| Current assets | 29/58 | €28,828 | €21,407 | -€7,421 | -25.7% |
| Cash at bank and in hand | 54/58 | €20,064 | €19,584 | -€480 | -2.4% |
| Deferred charges and accrued income | 490/1 | €8,764 | €1,823 | -€6,941 | -79.2% |
| Total equity and liabilities | 10/49 | €1,652,331 | €1,623,492 | -€28,839 | -1.7% |
| Equity | 10/15 | -€246,341 | -€286,048 | -€39,707 | -16.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,341 | -€296,048 | -€39,707 | -15.5% |
| Amounts payable | 17/49 | €1,898,672 | €1,909,540 | +€10,868 | +0.6% |
| Amounts payable after more than one year | 17 | €1,247,048 | €1,189,259 | -€57,789 | -4.6% |
| Financial debts | 170/4 | €1,247,048 | €1,189,259 | -€57,789 | -4.6% |
| Amounts payable within one year | 42/48 | €650,163 | €720,281 | +€70,118 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €55,841 | €57,789 | +€1,948 | +3.5% |
| Trade debts | 44 | €16,391 | €3,876 | -€12,515 | -76.4% |
| Suppliers | 440/4 | €16,391 | €3,876 | -€12,515 | -76.4% |
| Other amounts payable | 47/48 | €577,931 | €658,616 | +€80,685 | +14.0% |
| Accrued charges and deferred income | 492/3 | €1,461 | - | -€1,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,798 | €54,737 | +€13,939 | +34.2% |
| Other operating charges | 640/8 | €2,654 | €16,619 | +€13,965 | +526% |
| Gross operating margin | 9900 | €74,846 | €76,316 | +€1,470 | +2.0% |
| Operating profit (loss) | 9901 | €31,394 | €4,960 | -€26,434 | -84.2% |
| Financial charges | 65/66B | €46,448 | €44,667 | -€1,781 | -3.8% |
| Recurring financial charges | 65 | €46,448 | €44,667 | -€1,781 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,054 | -€39,707 | -€24,653 | -164% |
| Profit (loss) for the period | 9904 | -€15,054 | -€39,707 | -€24,653 | -164% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,054 | -€39,707 | -€24,653 | -164% |
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 30 October 2026 via checked.be.