APIM Accountants: 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.
APIM Accountants
Largest movements
- Tangible fixed assets +€253,790
up €253,790 (+1,335%), from €19,005 to €272,795
- Current investments -€94,106
down €94,106 (-10.0%), from €942,375 to €848,269
- Reserves +€116,500
up €116,500 (+5.9%), from €2.0m to €2.1m
- Trade debts +€24,659
up €24,659 (+1,117%), from €2,208 to €26,867
- Other operating charges +€29,090
up €29,090 (+638%), from €4,560 to €33,650
- Gross operating margin -€21,700
down €21,700 (-8.6%), from €250,875 to €229,174
- Financial income +€20,081
up €20,081 (+143%), from €14,056 to €34,137
- Taxes -€14,705
down €14,705 (-20.8%), from €70,785 to €56,081
- Depreciation +€9,261
up €9,261 (+459%), from €2,016 to €11,277
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 | €2,040,789 | €2,187,431 | +€146,642 | +7.2% |
| Fixed assets | 21/28 | €19,005 | €272,795 | +€253,790 | +1,335% |
| Tangible fixed assets | 22/27 | €19,005 | €272,795 | +€253,790 | +1,335% |
| Land and buildings | 22 | €19,005 | €272,795 | +€253,790 | +1,335% |
| Current assets | 29/58 | €2,021,785 | €1,914,637 | -€107,148 | -5.3% |
| Amounts receivable within one year | 40/41 | €7,659 | €10,137 | +€2,478 | +32.4% |
| Trade receivables | 40 | €7,659 | €10,137 | +€2,478 | +32.4% |
| Current investments | 50/53 | €942,375 | €848,269 | -€94,106 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,070,242 | €1,054,637 | -€15,605 | -1.5% |
| Deferred charges and accrued income | 490/1 | €1,508 | €1,594 | +€85 | +5.6% |
| Total equity and liabilities | 10/49 | €2,040,789 | €2,187,431 | +€146,642 | +7.2% |
| Equity | 10/15 | €1,996,170 | €2,112,784 | +€116,614 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,975,860 | €2,092,360 | +€116,500 | +5.9% |
| Distributable reserves | 133 | €1,975,860 | €2,092,360 | +€116,500 | +5.9% |
| Profit (loss) carried forward | 14 | €1,710 | €1,824 | +€114 | +6.7% |
| Amounts payable | 17/49 | €44,619 | €74,647 | +€30,028 | +67.3% |
| Amounts payable within one year | 42/48 | €44,619 | €74,647 | +€30,028 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €2,208 | €26,867 | +€24,659 | +1,117% |
| Suppliers | 440/4 | €2,208 | €26,867 | +€24,659 | +1,117% |
| Taxes, remuneration and social security | 45 | €37,912 | €36,530 | -€1,381 | -3.6% |
| Taxes | 450/3 | €33,701 | €32,168 | -€1,532 | -4.5% |
| Remuneration and social security | 454/9 | €4,211 | €4,362 | +€151 | +3.6% |
| Other amounts payable | 47/48 | €1,500 | €8,250 | +€6,750 | +450% |
| Remuneration, social security and pensions | 62 | €38,212 | €38,830 | +€618 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,016 | €11,277 | +€9,261 | +459% |
| Other operating charges | 640/8 | €4,560 | €33,650 | +€29,090 | +638% |
| Gross operating margin | 9900 | €250,875 | €229,174 | -€21,700 | -8.6% |
| Operating profit (loss) | 9901 | €206,088 | €145,418 | -€60,670 | -29.4% |
| Financial income | 75/76B | €14,056 | €34,137 | +€20,081 | +143% |
| Recurring financial income | 75 | €14,056 | €34,137 | +€20,081 | +143% |
| Financial charges | 65/66B | €2,120 | €4,360 | +€2,240 | +106% |
| Recurring financial charges | 65 | €2,120 | €4,360 | +€2,240 | +106% |
| Profit (loss) for the period before taxes | 9903 | €218,023 | €175,195 | -€42,829 | -19.6% |
| Income taxes | 67/77 | €70,785 | €56,081 | -€14,705 | -20.8% |
| Profit (loss) for the period | 9904 | €147,238 | €119,114 | -€28,124 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,238 | €119,114 | -€28,124 | -19.1% |
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 31 October 2026 via checked.be.