APiness: 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.
APiness
Largest movements
- Tangible fixed assets +€486,406
up €486,406 (+163.1%), from €298,185 to €784,591
of which Land and buildings: +€518,650
- Current investments +€40,000
new in 2025: €40,000
- Receivables within one year +€9,600
up €9,600 (+114.3%), from €8,400 to €18,000
- Debts after one year +€253,344
up €253,344 (+176.1%), from €143,859 to €397,203
- Other debts +€227,104
up €227,104 (+283.6%), from €80,093 to €307,197
- Reserves +€24,000
up €24,000 (+53.3%), from €45,000 to €69,000
- Advances received +€20,000
new in 2025: €20,000
- Current portion of long-term debt +€12,881
up €12,881 (+93.5%), from €13,775 to €26,656
- Gross operating margin +€10,805
up €10,805 (+17.2%), from €62,846 to €73,651
- Financial charges +€5,655
up €5,655 (+89.0%), from €6,351 to €12,006
- Depreciation +€2,330
up €2,330 (+11.6%), from €20,079 to €22,410
- Taxes +€1,829
up €1,829 (+17.1%), from €10,707 to €12,536
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 | €310,947 | €848,663 | +€537,716 | +172.9% |
| Fixed assets | 21/28 | €298,185 | €784,591 | +€486,406 | +163.1% |
| Tangible fixed assets | 22/27 | €298,185 | €784,591 | +€486,406 | +163.1% |
| Land and buildings | 22 | €243,751 | €762,401 | +€518,650 | +212.8% |
| Furniture and vehicles | 24 | €33,284 | €22,190 | -€11,095 | -33.3% |
| Assets under construction and advance payments | 27 | €21,150 | - | -€21,150 | |
| Current assets | 29/58 | €12,762 | €64,072 | +€51,310 | +402.1% |
| Amounts receivable within one year | 40/41 | €8,400 | €18,000 | +€9,600 | +114.3% |
| Other amounts receivable | 41 | €8,400 | €18,000 | +€9,600 | +114.3% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €312 | €6,072 | +€5,760 | +1845.8% |
| Deferred charges and accrued income | 490/1 | €4,050 | - | -€4,050 | |
| Total equity and liabilities | 10/49 | €310,947 | €848,663 | +€537,716 | +172.9% |
| Equity | 10/15 | €50,614 | €75,174 | +€24,560 | +48.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €69,000 | +€24,000 | +53.3% |
| Non-distributable reserves | 130/1 | €45,000 | €69,000 | +€24,000 | +53.3% |
| Other | 1319 | €45,000 | €69,000 | +€24,000 | +53.3% |
| Profit (loss) carried forward | 14 | €614 | €1,174 | +€560 | +91.2% |
| Amounts payable | 17/49 | €260,333 | €773,490 | +€513,156 | +197.1% |
| Amounts payable after more than one year | 17 | €143,859 | €397,203 | +€253,344 | +176.1% |
| Financial debts | 170/4 | €143,859 | €397,203 | +€253,344 | +176.1% |
| Amounts payable within one year | 42/48 | €116,474 | €376,286 | +€259,812 | +223.1% |
| Current portion of amounts payable after more than one year | 42 | €13,775 | €26,656 | +€12,881 | +93.5% |
| Trade debts | 44 | €1,734 | €270 | -€1,463 | -84.4% |
| Suppliers | 440/4 | €1,734 | €270 | -€1,463 | -84.4% |
| Advances received on contracts in progress | 46 | - | €20,000 | +€20,000 | |
| Taxes, remuneration and social security | 45 | €20,873 | €22,163 | +€1,290 | +6.2% |
| Taxes | 450/3 | €17,273 | €22,163 | +€4,890 | +28.3% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €80,093 | €307,197 | +€227,104 | +283.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,079 | €22,410 | +€2,330 | +11.6% |
| Other operating charges | 640/8 | €2,282 | €2,151 | -€132 | -5.8% |
| Gross operating margin | 9900 | €62,846 | €73,651 | +€10,805 | +17.2% |
| Operating profit (loss) | 9901 | €40,484 | €49,090 | +€8,606 | +21.3% |
| Financial income | 75/76B | €6 | €11 | +€5 | +88.3% |
| Recurring financial income | 75 | €6 | €11 | +€5 | +88.3% |
| Financial charges | 65/66B | €6,351 | €12,006 | +€5,655 | +89.0% |
| Recurring financial charges | 65 | €6,351 | €12,006 | +€5,655 | +89.0% |
| Profit (loss) for the period before taxes | 9903 | €34,139 | €37,096 | +€2,957 | +8.7% |
| Income taxes | 67/77 | €10,707 | €12,536 | +€1,829 | +17.1% |
| Profit (loss) for the period | 9904 | €23,432 | €24,560 | +€1,127 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,432 | €24,560 | +€1,127 | +4.8% |
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 5 October 2026 via checked.be.