APIK: 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.
APIK
Largest movements
- Receivables within one year +€110,033
up €110,033 (+73.3%), from €150,088 to €260,121
of which Trade receivables: +€84,069
- Cash +€18,504
up €18,504 (+485.2%), from €3,813 to €22,317
mainly Trade debts (+€115,328) and Tax, wage and social debts (+€60,814)
- Deferred charges and accrued income +€14,704
up €14,704 (+262.3%), from €5,606 to €20,310
- Intangible fixed assets -€8,645
down €8,645 (-10.5%), from €82,017 to €73,372
- Trade debts +€115,328
up €115,328 (+60.8%), from €189,726 to €305,053
- Tax, wage and social debts +€60,814
up €60,814 (+253.2%), from €24,020 to €84,834
of which Taxes: +€45,566
- Profit (loss) carried forward -€48,721
down €48,721 (-748.0%), from -€6,514 to -€55,235
- Accrued charges and deferred income +€9,609
up €9,609 (+406.9%), from €2,362 to €11,971
- Debts after one year -€4,906
down €4,906 (-41.6%), from €11,791 to €6,885
- Gross operating margin -€86,718
down €86,718 (-31.7%), from €273,911 to €187,193
- Staff costs -€56,453
down €56,453 (-21.8%), from €258,775 to €202,322
- Other operating charges +€9,788
up €9,788 (+435.7%), from €2,246 to €12,034
- Write-downs +€8,330
new in 2026: €8,330
- Taxes -€6,806
down €6,806 (-97.5%), from €6,983 to €177
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,393 | €380,135 | +€133,742 | +54.3% |
| Fixed assets | 21/28 | €86,886 | €77,387 | -€9,499 | -10.9% |
| Intangible fixed assets | 21 | €82,017 | €73,372 | -€8,645 | -10.5% |
| Tangible fixed assets | 22/27 | €4,794 | €3,940 | -€854 | -17.8% |
| Plant, machinery and equipment | 23 | €346 | €77 | -€270 | -77.8% |
| Furniture and vehicles | 24 | €115 | - | -€115 | |
| Other tangible fixed assets | 26 | €4,332 | €3,863 | -€469 | -10.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €159,507 | €302,748 | +€143,241 | +89.8% |
| Amounts receivable within one year | 40/41 | €150,088 | €260,121 | +€110,033 | +73.3% |
| Trade receivables | 40 | €149,077 | €233,146 | +€84,069 | +56.4% |
| Other amounts receivable | 41 | €1,011 | €26,975 | +€25,964 | +2568.0% |
| Cash at bank and in hand | 54/58 | €3,813 | €22,317 | +€18,504 | +485.2% |
| Deferred charges and accrued income | 490/1 | €5,606 | €20,310 | +€14,704 | +262.3% |
| Total equity and liabilities | 10/49 | €246,393 | €380,135 | +€133,742 | +54.3% |
| Equity | 10/15 | €13,646 | -€35,075 | -€48,721 | |
| Contributions | 10/11 | €20,160 | €20,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,514 | -€55,235 | -€48,721 | -748.0% |
| Amounts payable | 17/49 | €232,747 | €415,210 | +€182,463 | +78.4% |
| Amounts payable after more than one year | 17 | €11,791 | €6,885 | -€4,906 | -41.6% |
| Financial debts | 170/4 | €11,791 | €6,885 | -€4,906 | -41.6% |
| Amounts payable within one year | 42/48 | €218,594 | €396,354 | +€177,760 | +81.3% |
| Current portion of amounts payable after more than one year | 42 | €4,696 | €4,906 | +€210 | +4.5% |
| Financial debts | 43 | €153 | €1,560 | +€1,408 | +922.3% |
| Credit institutions | 430/8 | €153 | €1,560 | +€1,408 | +922.3% |
| Trade debts | 44 | €189,726 | €305,053 | +€115,328 | +60.8% |
| Suppliers | 440/4 | €189,726 | €305,053 | +€115,328 | +60.8% |
| Taxes, remuneration and social security | 45 | €24,020 | €84,834 | +€60,814 | +253.2% |
| Taxes | 450/3 | €24,020 | €69,586 | +€45,566 | +189.7% |
| Remuneration and social security | 454/9 | - | €15,248 | +€15,248 | |
| Accrued charges and deferred income | 492/3 | €2,362 | €11,971 | +€9,609 | +406.9% |
| Remuneration, social security and pensions | 62 | €258,775 | €202,322 | -€56,453 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,052 | €9,499 | +€3,447 | +57.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,330 | +€8,330 | |
| Other operating charges | 640/8 | €2,246 | €12,034 | +€9,788 | +435.7% |
| Gross operating margin | 9900 | €273,911 | €187,193 | -€86,718 | -31.7% |
| Operating profit (loss) | 9901 | €6,838 | -€44,993 | -€51,830 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +34600.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +34600.0% |
| Financial charges | 65/66B | €3,340 | €3,555 | +€215 | +6.4% |
| Recurring financial charges | 65 | €3,340 | €3,555 | +€215 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €3,498 | -€48,544 | -€52,042 | |
| Income taxes | 67/77 | €6,983 | €177 | -€6,806 | -97.5% |
| Profit (loss) for the period | 9904 | -€3,485 | -€48,721 | -€45,236 | -1298.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,485 | -€48,721 | -€45,236 | -1298.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.