APJ TECHNIEK: 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.
APJ TECHNIEK
Largest movements
- Receivables within one year +€12,523
up €12,523 (+57.3%), from €21,841 to €34,365
of which Other amounts receivable: +€8,594
- Tangible fixed assets -€10,212
down €10,212 (-24.3%), from €41,983 to €31,771
of which Furniture and vehicles: -€13,438
- Cash -€3,109
down €3,109 (-56.1%), from €5,547 to €2,438
mainly Receivables within one year (-€12,523) and Debts after one year (-€11,473)
- Receivables after one year -€2,900
down €2,900 (-7.3%), from €40,000 to €37,100
- Deferred charges and accrued income +€1,379
up €1,379 (+85.0%), from €1,622 to €3,001
- Reserves +€17,137
up €17,137 (+32.1%), from €53,333 to €70,469
- Debts after one year -€11,473
down €11,473 (-55.2%), from €20,770 to €9,298
- Tax, wage and social debts -€6,839
down €6,839 (-37.4%), from €18,288 to €11,448
- Gross operating margin +€6,579
up €6,579 (+16.4%), from €40,047 to €46,627
- Taxes +€1,742
up €1,742 (+23.9%), from €7,291 to €9,033
- Financial income -€1,118
down €1,118 (-40.0%), from €2,796 to €1,678
- Depreciation -€751
down €751 (-5.0%), from €15,074 to €14,323
- Financial charges -€655
down €655 (-28.0%), from €2,340 to €1,685
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 | €110,993 | €108,674 | -€2,319 | -2.1% |
| Fixed assets | 21/28 | €41,983 | €31,771 | -€10,212 | -24.3% |
| Tangible fixed assets | 22/27 | €41,983 | €31,771 | -€10,212 | -24.3% |
| Land and buildings | 22 | €3,495 | €4,773 | +€1,278 | +36.6% |
| Plant, machinery and equipment | 23 | - | €1,948 | +€1,948 | |
| Furniture and vehicles | 24 | €38,488 | €25,050 | -€13,438 | -34.9% |
| Current assets | 29/58 | €69,010 | €76,904 | +€7,893 | +11.4% |
| Amounts receivable after more than one year | 29 | €40,000 | €37,100 | -€2,900 | -7.3% |
| Other amounts receivable | 291 | €40,000 | €37,100 | -€2,900 | -7.3% |
| Amounts receivable within one year | 40/41 | €21,841 | €34,365 | +€12,523 | +57.3% |
| Trade receivables | 40 | €8,899 | €12,828 | +€3,929 | +44.2% |
| Other amounts receivable | 41 | €12,943 | €21,537 | +€8,594 | +66.4% |
| Cash at bank and in hand | 54/58 | €5,547 | €2,438 | -€3,109 | -56.1% |
| Deferred charges and accrued income | 490/1 | €1,622 | €3,001 | +€1,379 | +85.0% |
| Total equity and liabilities | 10/49 | €110,993 | €108,674 | -€2,319 | -2.1% |
| Equity | 10/15 | €59,533 | €76,669 | +€17,137 | +28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,333 | €70,469 | +€17,137 | +32.1% |
| Distributable reserves | 133 | €53,333 | €70,469 | +€17,137 | +32.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,460 | €32,005 | -€19,455 | -37.8% |
| Amounts payable after more than one year | 17 | €20,770 | €9,298 | -€11,473 | -55.2% |
| Financial debts | 170/4 | €20,770 | €9,298 | -€11,473 | -55.2% |
| Amounts payable within one year | 42/48 | €30,690 | €22,708 | -€7,982 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €10,853 | €10,456 | -€397 | -3.7% |
| Trade debts | 44 | €1,549 | €803 | -€746 | -48.2% |
| Suppliers | 440/4 | €1,549 | €803 | -€746 | -48.2% |
| Taxes, remuneration and social security | 45 | €18,288 | €11,448 | -€6,839 | -37.4% |
| Taxes | 450/3 | €18,288 | €11,448 | -€6,839 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,074 | €14,323 | -€751 | -5.0% |
| Other operating charges | 640/8 | €3,183 | €2,590 | -€593 | -18.6% |
| Gross operating margin | 9900 | €40,047 | €46,627 | +€6,579 | +16.4% |
| Operating profit (loss) | 9901 | €21,790 | €29,713 | +€7,923 | +36.4% |
| Financial income | 75/76B | €2,796 | €1,678 | -€1,118 | -40.0% |
| Recurring financial income | 75 | €2,796 | €1,678 | -€1,118 | -40.0% |
| Financial charges | 65/66B | €2,340 | €1,685 | -€655 | -28.0% |
| Recurring financial charges | 65 | €2,340 | €1,685 | -€655 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €22,246 | €29,706 | +€7,460 | +33.5% |
| Income taxes | 67/77 | €7,291 | €9,033 | +€1,742 | +23.9% |
| Profit (loss) for the period | 9904 | €14,954 | €20,673 | +€5,718 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,954 | €20,673 | +€5,718 | +38.2% |
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 14 October 2026 via checked.be.