APIFORM: 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.
APIFORM
Largest movements
- Cash +€3,954
up €3,954 (+2350.1%), from €168 to €4,122
mainly Depreciation (+€3,362) and Receivables within one year (+€3,140)
- Receivables within one year -€3,140
down €3,140 (-93.3%), from €3,366 to €226
- Tangible fixed assets -€932
down €932 (-11.1%), from €8,411 to €7,479
of which Plant, machinery and equipment: -€1,132
- Trade debts -€1,141
down €1,141 (-19.7%), from €5,802 to €4,661
- Tax, wage and social debts +€716
up €716 (+50.6%), from €1,414 to €2,130
- Other debts +€590
new in 2025: €590
- Profit (loss) carried forward -€329
down €329 (-13.9%), from €2,370 to €2,041
- Depreciation +€1,157
up €1,157 (+52.5%), from €2,205 to €3,362
- Financial charges -€525
down €525 (-81.3%), from €646 to €121
- Financial income +€57
up €57 (+141325.0%), from €0 to €57
- Taxes +€51
up €51 (+6.9%), from €744 to €796
- Other operating charges +€44
up €44 (+11.5%), from €387 to €432
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 | €12,086 | €11,922 | -€164 | -1.4% |
| Fixed assets | 21/28 | €8,411 | €7,479 | -€932 | -11.1% |
| Tangible fixed assets | 22/27 | €8,411 | €7,479 | -€932 | -11.1% |
| Plant, machinery and equipment | 23 | €4,261 | €3,129 | -€1,132 | -26.6% |
| Furniture and vehicles | 24 | €4,150 | €4,350 | +€200 | +4.8% |
| Current assets | 29/58 | €3,675 | €4,443 | +€768 | +20.9% |
| Amounts receivable within one year | 40/41 | €3,366 | €226 | -€3,140 | -93.3% |
| Trade receivables | 40 | €3,366 | €226 | -€3,140 | -93.3% |
| Cash at bank and in hand | 54/58 | €168 | €4,122 | +€3,954 | +2350.1% |
| Deferred charges and accrued income | 490/1 | €141 | €95 | -€46 | -32.7% |
| Total equity and liabilities | 10/49 | €12,086 | €11,922 | -€164 | -1.4% |
| Equity | 10/15 | €4,870 | €4,541 | -€329 | -6.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,370 | €2,041 | -€329 | -13.9% |
| Amounts payable | 17/49 | €7,216 | €7,381 | +€165 | +2.3% |
| Amounts payable within one year | 42/48 | €7,216 | €7,381 | +€165 | +2.3% |
| Trade debts | 44 | €5,802 | €4,661 | -€1,141 | -19.7% |
| Suppliers | 440/4 | €5,802 | €4,661 | -€1,141 | -19.7% |
| Taxes, remuneration and social security | 45 | €1,414 | €2,130 | +€716 | +50.6% |
| Taxes | 450/3 | €1,414 | €2,130 | +€716 | +50.6% |
| Other amounts payable | 47/48 | - | €590 | +€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,205 | €3,362 | +€1,157 | +52.5% |
| Other operating charges | 640/8 | €387 | €432 | +€44 | +11.5% |
| Gross operating margin | 9900 | €4,365 | €4,325 | -€39 | -0.9% |
| Operating profit (loss) | 9901 | €1,772 | €531 | -€1,241 | -70.0% |
| Financial income | 75/76B | €0 | €57 | +€57 | +141325.0% |
| Recurring financial income | 75 | €0 | €57 | +€57 | +141325.0% |
| Financial charges | 65/66B | €646 | €121 | -€525 | -81.3% |
| Recurring financial charges | 65 | €646 | €121 | -€525 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €1,126 | €467 | -€659 | -58.5% |
| Income taxes | 67/77 | €744 | €796 | +€51 | +6.9% |
| Profit (loss) for the period | 9904 | €382 | -€329 | -€711 | |
| Profit (loss) for the period to be appropriated | 9905 | €382 | -€329 | -€711 |
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 6 October 2026 via checked.be.