ApiProject: 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.
ApiProject
Largest movements
- Cash -€6,831
down €6,831 (-14.5%), from €47,045 to €40,214
mainly Net result for the year (-€19,004) and Investment in fixed assets (net) (-€1,014)
- Tangible fixed assets -€3,284
down €3,284 (-11.8%), from €27,833 to €24,550
- Profit (loss) carried forward -€19,004
down €19,004 (-35.0%), from €54,355 to €35,352
- Tax, wage and social debts +€8,639
up €8,639 (+208.0%), from €4,154 to €12,793
of which Remuneration and social security: +€12,793
- Gross operating margin -€28,967
down €28,967, from €27,099 to -€1,868
- Staff costs +€6,400
up €6,400 (+100.1%), from €6,393 to €12,793
- Taxes -€4,154
down €4,154 (-100.0%), from €4,154 to €0
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 | €74,878 | €64,764 | -€10,114 | -13.5% |
| Fixed assets | 21/28 | €27,833 | €24,550 | -€3,284 | -11.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €27,833 | €24,550 | -€3,284 | -11.8% |
| Other tangible fixed assets | 26 | €27,833 | €24,550 | -€3,284 | -11.8% |
| Current assets | 29/58 | €47,045 | €40,214 | -€6,831 | -14.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €47,045 | €40,214 | -€6,831 | -14.5% |
| Total equity and liabilities | 10/49 | €74,878 | €64,764 | -€10,114 | -13.5% |
| Equity | 10/15 | €68,615 | €49,612 | -€19,004 | -27.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,355 | €35,352 | -€19,004 | -35.0% |
| Amounts payable | 17/49 | €6,263 | €15,152 | +€8,889 | +141.9% |
| Amounts payable within one year | 42/48 | €6,263 | €15,152 | +€8,889 | +141.9% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €4,154 | €12,793 | +€8,639 | +208.0% |
| Taxes | 450/3 | €4,154 | €0 | -€4,154 | -100.0% |
| Remuneration and social security | 454/9 | - | €12,793 | +€12,793 | |
| Other amounts payable | 47/48 | €2,109 | €2,359 | +€250 | +11.9% |
| Remuneration, social security and pensions | 62 | €6,393 | €12,793 | +€6,400 | +100.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,056 | €4,298 | +€241 | +5.9% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €27,099 | -€1,868 | -€28,967 | |
| Operating profit (loss) | 9901 | €16,650 | -€18,959 | -€35,608 | |
| Financial charges | 65/66B | €34 | €45 | +€11 | +33.3% |
| Recurring financial charges | 65 | €34 | €45 | +€11 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €16,616 | -€19,004 | -€35,619 | |
| Income taxes | 67/77 | €4,154 | €0 | -€4,154 | -100.0% |
| Profit (loss) for the period | 9904 | €12,462 | -€19,004 | -€31,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,462 | -€19,004 | -€31,465 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.