APK Drilling: what changed
APK Drilling
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-63.7%), from €2.1m to €767,062
of which Trade receivables: -€1.3m
- Deferred charges and accrued income +€190,656
new in 2025: €190,656
- Stocks and contracts -€162,758
down €162,758 (-48.9%), from €332,800 to €170,042
of which Contracts in progress: -€188,260
- Tangible fixed assets +€27,386
up €27,386 (+43.2%), from €63,364 to €90,750
of which Plant, machinery and equipment: +€25,949
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Trade debts -€98,251
down €98,251 (-15.1%), from €651,998 to €553,747
- Accrued charges and deferred income +€51,270
up €51,270 (+306%), from €16,738 to €68,008
- Tax, wage and social debts -€46,450
down €46,450 (-26.4%), from €175,616 to €129,166
of which Remuneration and social security: -€34,677
- Reserves -€31,628
down €31,628 (-9.2%), from €343,414 to €311,786
of which Distributable reserves: -€31,628
- Gross operating margin -€85,777
down €85,777 (-6.5%), from €1.3m to €1.2m
- Financial charges -€40,018
down €40,018 (-22.4%), from €178,817 to €138,799
- Other operating charges +€19,497
up €19,497 (+187%), from €10,421 to €29,918
- Write-downs -€17,894
down €17,894, from €1,734 to -€16,160
- Staff costs +€16,674
up €16,674 (+1.6%), from €1.0m to €1.1m
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,538,295 | €1,248,457 | -€1.3m | -50.8% |
| Fixed assets | 21/28 | €93,311 | €120,697 | +€27,386 | +29.3% |
| Tangible fixed assets | 22/27 | €63,364 | €90,750 | +€27,386 | +43.2% |
| Land and buildings | 22 | €24,004 | €24,004 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €25,949 | +€25,949 | +259,487,300% |
| Furniture and vehicles | 24 | €27,795 | €26,114 | -€1,681 | -6.0% |
| Other tangible fixed assets | 26 | €11,564 | €14,683 | +€3,119 | +27.0% |
| Financial fixed assets | 28 | €29,947 | €29,947 | = | 0.0% |
| Current assets | 29/58 | €2,444,984 | €1,127,760 | -€1.3m | -53.9% |
| Stocks and contracts in progress | 3 | €332,800 | €170,042 | -€162,758 | -48.9% |
| Stocks | 30/36 | €127,800 | €153,302 | +€25,502 | +20.0% |
| Contracts in progress | 37 | €205,000 | €16,740 | -€188,260 | -91.8% |
| Amounts receivable within one year | 40/41 | €2,112,184 | €767,062 | -€1.3m | -63.7% |
| Trade receivables | 40 | €2,054,683 | €766,808 | -€1.3m | -62.7% |
| Other amounts receivable | 41 | €57,501 | €255 | -€57,246 | -99.6% |
| Deferred charges and accrued income | 490/1 | - | €190,656 | +€190,656 | |
| Total equity and liabilities | 10/49 | €2,538,295 | €1,248,457 | -€1.3m | -50.8% |
| Equity | 10/15 | €518,914 | €487,286 | -€31,628 | -6.1% |
| Contributions | 10/11 | €175,500 | €175,500 | = | 0.0% |
| Reserves | 13 | €343,414 | €311,786 | -€31,628 | -9.2% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Reserves not available under the articles | 1311 | €74,368 | €74,368 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,449 | €141,449 | = | 0.0% |
| Distributable reserves | 133 | €127,596 | €95,969 | -€31,628 | -24.8% |
| Provisions and deferred taxes | 16 | €18,080 | €7,500 | -€10,580 | -58.5% |
| Provisions for liabilities and charges | 160/5 | €18,080 | €7,500 | -€10,580 | -58.5% |
| Other liabilities and charges | 164/5 | €18,080 | €7,500 | -€10,580 | -58.5% |
| Amounts payable | 17/49 | €2,001,301 | €753,671 | -€1.2m | -62.3% |
| Amounts payable within one year | 42/48 | €1,984,564 | €685,664 | -€1.3m | -65.5% |
| Financial debts | 43 | €2,750 | €2,750 | = | 0.0% |
| Credit institutions | 430/8 | €2,750 | €2,750 | = | 0.0% |
| Trade debts | 44 | €651,998 | €553,747 | -€98,251 | -15.1% |
| Suppliers | 440/4 | €651,998 | €553,747 | -€98,251 | -15.1% |
| Taxes, remuneration and social security | 45 | €175,616 | €129,166 | -€46,450 | -26.4% |
| Taxes | 450/3 | €11,773 | - | -€11,773 | |
| Remuneration and social security | 454/9 | €163,843 | €129,166 | -€34,677 | -21.2% |
| Other amounts payable | 47/48 | €1,154,199 | - | -€1.2m | |
| Accrued charges and deferred income | 492/3 | €16,738 | €68,008 | +€51,270 | +306% |
| Remuneration, social security and pensions | 62 | €1,038,331 | €1,055,005 | +€16,674 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,255 | €17,009 | +€8,754 | +106% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,734 | -€16,160 | -€17,894 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,580 | -€10,580 | |
| Other operating charges | 640/8 | €10,421 | €29,918 | +€19,497 | +187% |
| Gross operating margin | 9900 | €1,315,215 | €1,229,438 | -€85,777 | -6.5% |
| Operating profit (loss) | 9901 | €256,474 | €154,246 | -€102,227 | -39.9% |
| Financial income | 75/76B | €102,291 | €116,771 | +€14,481 | +14.2% |
| Recurring financial income | 75 | €102,291 | €116,771 | +€14,481 | +14.2% |
| Financial charges | 65/66B | €178,817 | €138,799 | -€40,018 | -22.4% |
| Recurring financial charges | 65 | €178,817 | €138,799 | -€40,018 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €179,947 | €132,219 | -€47,729 | -26.5% |
| Income taxes | 67/77 | €52,351 | €38,846 | -€13,505 | -25.8% |
| Profit (loss) for the period | 9904 | €127,596 | €93,372 | -€34,224 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €127,596 | €93,372 | -€34,224 | -26.8% |
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 7 November 2026 via checked.be.