APM Partner: 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.
APM Partner
Largest movements
- Cash +€50,897
up €50,897 (+184.8%), from €27,546 to €78,444
mainly Net result for the year (+€55,091) and Other debts (+€266)
- Receivables within one year +€1,315
up €1,315 (+4.6%), from €28,798 to €30,113
of which Other amounts receivable: +€1,397
- Reserves +€55,091
up €55,091 (+155.9%), from €35,330 to €90,421
- Tax, wage and social debts -€2,884
down €2,884 (-15.2%), from €18,986 to €16,102
- Gross operating margin +€27,795
up €27,795 (+56.8%), from €48,943 to €76,739
- Taxes +€7,991
up €7,991 (+58.7%), from €13,612 to €21,603
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 | €56,856 | €109,432 | +€52,576 | +92.5% |
| Current assets | 29/58 | €56,856 | €109,432 | +€52,576 | +92.5% |
| Amounts receivable within one year | 40/41 | €28,798 | €30,113 | +€1,315 | +4.6% |
| Trade receivables | 40 | €28,798 | €28,716 | -€82 | -0.3% |
| Other amounts receivable | 41 | - | €1,397 | +€1,397 | |
| Cash at bank and in hand | 54/58 | €27,546 | €78,444 | +€50,897 | +184.8% |
| Deferred charges and accrued income | 490/1 | €511 | €875 | +€364 | +71.2% |
| Total equity and liabilities | 10/49 | €56,856 | €109,432 | +€52,576 | +92.5% |
| Equity | 10/15 | €37,730 | €92,821 | +€55,091 | +146.0% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €35,330 | €90,421 | +€55,091 | +155.9% |
| Distributable reserves | 133 | €35,330 | €90,421 | +€55,091 | +155.9% |
| Amounts payable | 17/49 | €19,125 | €16,611 | -€2,514 | -13.1% |
| Amounts payable within one year | 42/48 | €19,105 | €16,611 | -€2,494 | -13.1% |
| Trade debts | 44 | €119 | €243 | +€125 | +105.0% |
| Suppliers | 440/4 | €119 | €243 | +€125 | +105.0% |
| Taxes, remuneration and social security | 45 | €18,986 | €16,102 | -€2,884 | -15.2% |
| Taxes | 450/3 | €18,986 | €16,102 | -€2,884 | -15.2% |
| Other amounts payable | 47/48 | - | €266 | +€266 | |
| Accrued charges and deferred income | 492/3 | €20 | €0 | -€20 | -100.0% |
| Gross operating margin | 9900 | €48,943 | €76,739 | +€27,795 | +56.8% |
| Operating profit (loss) | 9901 | €48,943 | €76,739 | +€27,795 | +56.8% |
| Financial charges | 65/66B | €1 | €45 | +€45 | +8900.0% |
| Recurring financial charges | 65 | €1 | €45 | +€45 | +8900.0% |
| Profit (loss) for the period before taxes | 9903 | €48,943 | €76,694 | +€27,751 | +56.7% |
| Income taxes | 67/77 | €13,612 | €21,603 | +€7,991 | +58.7% |
| Profit (loss) for the period | 9904 | €35,330 | €55,091 | +€19,760 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,330 | €55,091 | +€19,760 | +55.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.