APITRI: 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.
APITRI
Largest movements
- Tangible fixed assets -€284,955
down €284,955 (-4.9%), from €5.9m to €5.6m
of which Land and buildings: -€284,955
- Receivables within one year +€139,390
up €139,390 (+10.6%), from €1.3m to €1.5m
of which Other amounts receivable: +€93,767
- Cash -€103,075
down €103,075 (-80.6%), from €127,957 to €24,882
mainly Receivables within one year (-€139,390) and Trade debts (-€104,447)
- Trade debts -€104,447
down €104,447 (-23.0%), from €454,144 to €349,697
- Profit (loss) carried forward -€80,771
down €80,771 (-2.2%), from €3.6m to €3.6m
- Debts after one year -€75,000
down €75,000 (-33.3%), from €225,000 to €150,000
- Gross operating margin -€153,840
down €153,840 (-34.9%), from €440,460 to €286,621
- Other operating charges -€69,055
down €69,055 (-53.1%), from €129,969 to €60,914
- Financial income +€24,759
up €24,759 (+67.8%), from €36,526 to €61,285
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,303,778 | €7,055,139 | -€248,639 | -3.4% |
| Fixed assets | 21/28 | €5,851,278 | €5,566,323 | -€284,955 | -4.9% |
| Tangible fixed assets | 22/27 | €5,851,278 | €5,566,323 | -€284,955 | -4.9% |
| Land and buildings | 22 | €5,111,725 | €4,826,770 | -€284,955 | -5.6% |
| Assets under construction and advance payments | 27 | €739,553 | €739,553 | = | 0.0% |
| Current assets | 29/58 | €1,452,500 | €1,488,816 | +€36,316 | +2.5% |
| Amounts receivable within one year | 40/41 | €1,320,024 | €1,459,415 | +€139,390 | +10.6% |
| Trade receivables | 40 | €79,325 | €124,948 | +€45,623 | +57.5% |
| Other amounts receivable | 41 | €1,240,700 | €1,334,467 | +€93,767 | +7.6% |
| Cash at bank and in hand | 54/58 | €127,957 | €24,882 | -€103,075 | -80.6% |
| Deferred charges and accrued income | 490/1 | €4,519 | €4,519 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,303,778 | €7,055,139 | -€248,639 | -3.4% |
| Equity | 10/15 | €5,208,458 | €5,127,687 | -€80,771 | -1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,135,000 | €1,135,000 | = | 0.0% |
| Reserves | 13 | €371,200 | €371,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €371,200 | €371,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €365,000 | €365,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,640,258 | €3,559,487 | -€80,771 | -2.2% |
| Amounts payable | 17/49 | €2,095,320 | €1,927,451 | -€167,868 | -8.0% |
| Amounts payable after more than one year | 17 | €225,000 | €150,000 | -€75,000 | -33.3% |
| Advances received on contracts in progress | 176 | €225,000 | €150,000 | -€75,000 | -33.3% |
| Amounts payable within one year | 42/48 | €1,845,320 | €1,777,451 | -€67,868 | -3.7% |
| Financial debts | 43 | €1,368,750 | €1,375,693 | +€6,943 | +0.5% |
| Credit institutions | 430/8 | €1,368,750 | €1,375,693 | +€6,943 | +0.5% |
| Trade debts | 44 | €454,144 | €349,697 | -€104,447 | -23.0% |
| Suppliers | 440/4 | €454,144 | €349,697 | -€104,447 | -23.0% |
| Taxes, remuneration and social security | 45 | €22,425 | €52,061 | +€29,636 | +132.2% |
| Taxes | 450/3 | €22,425 | €52,061 | +€29,636 | +132.2% |
| Accrued charges and deferred income | 492/3 | €25,000 | €0 | -€25,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,463 | €284,955 | +€1,492 | +0.5% |
| Other operating charges | 640/8 | €129,969 | €60,914 | -€69,055 | -53.1% |
| Gross operating margin | 9900 | €440,460 | €286,621 | -€153,840 | -34.9% |
| Operating profit (loss) | 9901 | €27,029 | -€59,248 | -€86,277 | |
| Financial income | 75/76B | €36,526 | €61,285 | +€24,759 | +67.8% |
| Recurring financial income | 75 | €36,526 | €61,285 | +€24,759 | +67.8% |
| Financial charges | 65/66B | €80,417 | €82,808 | +€2,390 | +3.0% |
| Recurring financial charges | 65 | €80,417 | €82,808 | +€2,390 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,863 | -€80,771 | -€63,908 | -379.0% |
| Profit (loss) for the period | 9904 | -€16,863 | -€80,771 | -€63,908 | -379.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,863 | -€80,771 | -€63,908 | -379.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.