ApiEngi: 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.
ApiEngi
Largest movements
- Cash -€21,976
down €21,976 (-24.3%), from €90,350 to €68,374
mainly Contributions, distributions and other (-€26,000) and Receivables within one year (-€18,181)
- Receivables within one year +€18,181
up €18,181 (+34.3%), from €52,952 to €71,133
of which Other amounts receivable: +€9,152
- Intangible fixed assets -€10,010
down €10,010 (-46.0%), from €21,755 to €11,744
- Tangible fixed assets -€7,205
down €7,205 (-55.9%), from €12,883 to €5,677
- Other debts -€9,630
no longer reported in 2025 (was €9,630)
- Reserves -€8,100
down €8,100 (-10.1%), from €80,360 to €72,260
of which Distributable reserves: -€8,100
- Debts after one year -€2,676
no longer reported in 2025 (was €2,676)
- Current portion of long-term debt -€2,619
down €2,619 (-49.5%), from €5,295 to €2,676
- Tax, wage and social debts +€1,976
up €1,976 (+7.7%), from €25,674 to €27,649
- Taxes +€4,486
up €4,486 (+132.2%), from €3,394 to €7,880
- Financial charges -€833
down €833 (-76.4%), from €1,090 to €257
- Financial income +€670
up €670 (+72.9%), from €919 to €1,589
- Gross operating margin +€550
up €550 (+1.3%), from €42,042 to €42,592
- Depreciation -€481
down €481 (-2.7%), from €17,697 to €17,215
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 | €178,096 | €157,463 | -€20,633 | -11.6% |
| Fixed assets | 21/28 | €34,637 | €17,422 | -€17,215 | -49.7% |
| Intangible fixed assets | 21 | €21,755 | €11,744 | -€10,010 | -46.0% |
| Tangible fixed assets | 22/27 | €12,883 | €5,677 | -€7,205 | -55.9% |
| Furniture and vehicles | 24 | €12,883 | €5,677 | -€7,205 | -55.9% |
| Current assets | 29/58 | €143,459 | €140,041 | -€3,418 | -2.4% |
| Amounts receivable within one year | 40/41 | €52,952 | €71,133 | +€18,181 | +34.3% |
| Trade receivables | 40 | €51,154 | €60,183 | +€9,029 | +17.7% |
| Other amounts receivable | 41 | €1,798 | €10,950 | +€9,152 | +509.0% |
| Cash at bank and in hand | 54/58 | €90,350 | €68,374 | -€21,976 | -24.3% |
| Deferred charges and accrued income | 490/1 | €157 | €534 | +€377 | +240.6% |
| Total equity and liabilities | 10/49 | €178,096 | €157,463 | -€20,633 | -11.6% |
| Equity | 10/15 | €90,838 | €82,796 | -€8,041 | -8.9% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Outside capital | 11 | €6,202 | - | -€6,202 | |
| Other | 1109/19 | €6,202 | - | -€6,202 | |
| Reserves | 13 | €80,360 | €72,260 | -€8,100 | -10.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,500 | €70,400 | -€8,100 | -10.3% |
| Profit (loss) carried forward | 14 | €4,275 | €4,334 | +€59 | +1.4% |
| Amounts payable | 17/49 | €87,258 | €74,666 | -€12,592 | -14.4% |
| Amounts payable after more than one year | 17 | €2,676 | - | -€2,676 | |
| Financial debts | 170/4 | €2,676 | - | -€2,676 | |
| Amounts payable within one year | 42/48 | €84,582 | €74,666 | -€9,916 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €5,295 | €2,676 | -€2,619 | -49.5% |
| Trade debts | 44 | €43,984 | €44,341 | +€357 | +0.8% |
| Suppliers | 440/4 | €43,984 | €44,341 | +€357 | +0.8% |
| Taxes, remuneration and social security | 45 | €25,674 | €27,649 | +€1,976 | +7.7% |
| Taxes | 450/3 | €25,674 | €27,649 | +€1,976 | +7.7% |
| Other amounts payable | 47/48 | €9,630 | - | -€9,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,697 | €17,215 | -€481 | -2.7% |
| Other operating charges | 640/8 | €917 | €870 | -€47 | -5.1% |
| Gross operating margin | 9900 | €42,042 | €42,592 | +€550 | +1.3% |
| Operating profit (loss) | 9901 | €23,428 | €24,507 | +€1,079 | +4.6% |
| Financial income | 75/76B | €919 | €1,589 | +€670 | +72.9% |
| Recurring financial income | 75 | €919 | €1,589 | +€670 | +72.9% |
| Financial charges | 65/66B | €1,090 | €257 | -€833 | -76.4% |
| Recurring financial charges | 65 | €1,090 | €257 | -€833 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €23,257 | €25,839 | +€2,582 | +11.1% |
| Income taxes | 67/77 | €3,394 | €7,880 | +€4,486 | +132.2% |
| Profit (loss) for the period | 9904 | €19,863 | €17,959 | -€1,904 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,863 | €17,959 | -€1,904 | -9.6% |
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 7 October 2026 via checked.be.