Apiwork belgie: what changed
Apiwork belgie
Largest movements
- Receivables within one year +€10,741
up €10,741 (+33.3%), from €32,231 to €42,972
of which Trade receivables: +€24,224
- Cash -€8,917
down €8,917 (-61.5%), from €14,496 to €5,579
mainly Tax, wage and social debts (-€21,647) and Net result for the year (-€19,686)
- Tangible fixed assets -€1,528
down €1,528 (-18.3%), from €8,353 to €6,825
- Deferred charges and accrued income -€1,157
no longer reported in 2025 (was €1,157)
- Other debts +€23,071
up €23,071 (+2.1%), from €1.1m to €1.1m
- Tax, wage and social debts -€21,647
down €21,647 (-85.2%), from €25,411 to €3,764
of which Remuneration and social security: -€21,209
- Profit (loss) carried forward -€19,686
down €19,686 (-1.8%), from -€1.1m to -€1.1m
- Trade debts +€19,023
up €19,023 (+94.6%), from €20,116 to €39,139
- Accrued charges and deferred income -€1,622
down €1,622 (-19.4%), from €8,349 to €6,727
- Staff costs -€127,313
down €127,313 (-89.0%), from €142,996 to €15,683
- Gross operating margin +€44,348
up €44,348, from -€16,770 to €27,578
- Financial charges -€15,160
down €15,160 (-38.1%), from €39,746 to €24,586
- Other operating charges -€6,332
down €6,332 (-92.1%), from €6,874 to €542
- Taxes -€356
down €356 (-97.3%), from €366 to €10
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,237 | €55,376 | -€861 | -1.5% |
| Fixed assets | 21/28 | €8,353 | €6,825 | -€1,528 | -18.3% |
| Tangible fixed assets | 22/27 | €8,353 | €6,825 | -€1,528 | -18.3% |
| Land and buildings | 22 | €8,353 | €6,825 | -€1,528 | -18.3% |
| Current assets | 29/58 | €47,884 | €48,551 | +€667 | +1.4% |
| Amounts receivable within one year | 40/41 | €32,231 | €42,972 | +€10,741 | +33.3% |
| Trade receivables | 40 | €14,058 | €38,282 | +€24,224 | +172% |
| Other amounts receivable | 41 | €18,173 | €4,690 | -€13,483 | -74.2% |
| Cash at bank and in hand | 54/58 | €14,496 | €5,579 | -€8,917 | -61.5% |
| Deferred charges and accrued income | 490/1 | €1,157 | - | -€1,157 | |
| Total equity and liabilities | 10/49 | €56,237 | €55,376 | -€861 | -1.5% |
| Equity | 10/15 | -€1,102,232 | -€1,121,918 | -€19,686 | -1.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,112,232 | -€1,131,918 | -€19,686 | -1.8% |
| Amounts payable | 17/49 | €1,158,469 | €1,177,294 | +€18,825 | +1.6% |
| Amounts payable within one year | 42/48 | €1,150,120 | €1,170,567 | +€20,447 | +1.8% |
| Trade debts | 44 | €20,116 | €39,139 | +€19,023 | +94.6% |
| Suppliers | 440/4 | €20,116 | €39,139 | +€19,023 | +94.6% |
| Taxes, remuneration and social security | 45 | €25,411 | €3,764 | -€21,647 | -85.2% |
| Taxes | 450/3 | €830 | €392 | -€438 | -52.8% |
| Remuneration and social security | 454/9 | €24,581 | €3,372 | -€21,209 | -86.3% |
| Other amounts payable | 47/48 | €1,104,593 | €1,127,664 | +€23,071 | +2.1% |
| Accrued charges and deferred income | 492/3 | €8,349 | €6,727 | -€1,622 | -19.4% |
| Remuneration, social security and pensions | 62 | €142,996 | €15,683 | -€127,313 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,819 | €1,528 | -€291 | -16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,780 | €4,915 | +€135 | +2.8% |
| Other operating charges | 640/8 | €6,874 | €542 | -€6,332 | -92.1% |
| Gross operating margin | 9900 | -€16,770 | €27,578 | +€44,348 | |
| Operating profit (loss) | 9901 | -€173,239 | €4,910 | +€178,149 | |
| Financial charges | 65/66B | €39,746 | €24,586 | -€15,160 | -38.1% |
| Recurring financial charges | 65 | €39,746 | €24,586 | -€15,160 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€212,985 | -€19,676 | +€193,309 | +90.8% |
| Income taxes | 67/77 | €366 | €10 | -€356 | -97.3% |
| Profit (loss) for the period | 9904 | -€213,351 | -€19,686 | +€193,665 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€213,351 | -€19,686 | +€193,665 | +90.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.