APONEXT: 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.
APONEXT
Largest movements
- Cash +€40,202
up €40,202 (+88.8%), from €45,272 to €85,474
mainly Net result for the year (+€41,830) and Tax, wage and social debts (+€2,284)
- Receivables within one year +€3,604
up €3,604 (+81.0%), from €4,450 to €8,054
- Profit (loss) carried forward +€41,830
up €41,830 (+134.6%), from €31,073 to €72,903
- Tax, wage and social debts +€2,284
up €2,284 (+16.5%), from €13,827 to €16,111
- Gross operating margin +€13,404
up €13,404 (+33.3%), from €40,223 to €53,627
- Taxes +€2,636
up €2,636 (+30.4%), from €8,671 to €11,307
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 | €50,107 | €93,953 | +€43,847 | +87.5% |
| Current assets | 29/58 | €50,107 | €93,953 | +€43,847 | +87.5% |
| Amounts receivable within one year | 40/41 | €4,450 | €8,054 | +€3,604 | +81.0% |
| Trade receivables | 40 | €4,450 | €8,054 | +€3,604 | +81.0% |
| Cash at bank and in hand | 54/58 | €45,272 | €85,474 | +€40,202 | +88.8% |
| Deferred charges and accrued income | 490/1 | €385 | €426 | +€41 | +10.7% |
| Total equity and liabilities | 10/49 | €50,107 | €93,953 | +€43,847 | +87.5% |
| Equity | 10/15 | €33,073 | €74,903 | +€41,830 | +126.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,073 | €72,903 | +€41,830 | +134.6% |
| Amounts payable | 17/49 | €17,033 | €19,050 | +€2,017 | +11.8% |
| Amounts payable within one year | 42/48 | €17,033 | €18,804 | +€1,771 | +10.4% |
| Trade debts | 44 | €38 | €39 | +€1 | +2.4% |
| Suppliers | 440/4 | €38 | €39 | +€1 | +2.4% |
| Taxes, remuneration and social security | 45 | €13,827 | €16,111 | +€2,284 | +16.5% |
| Taxes | 450/3 | €13,827 | €16,111 | +€2,284 | +16.5% |
| Other amounts payable | 47/48 | €3,168 | €2,654 | -€514 | -16.2% |
| Accrued charges and deferred income | 492/3 | - | €246 | +€246 | |
| Other operating charges | 640/8 | €426 | €213 | -€214 | -50.1% |
| Gross operating margin | 9900 | €40,223 | €53,627 | +€13,404 | +33.3% |
| Operating profit (loss) | 9901 | €39,797 | €53,415 | +€13,618 | +34.2% |
| Financial charges | 65/66B | €52 | €278 | +€226 | +430.1% |
| Recurring financial charges | 65 | €52 | €278 | +€226 | +430.1% |
| Profit (loss) for the period before taxes | 9903 | €39,744 | €53,137 | +€13,392 | +33.7% |
| Income taxes | 67/77 | €8,671 | €11,307 | +€2,636 | +30.4% |
| Profit (loss) for the period | 9904 | €31,073 | €41,830 | +€10,756 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,073 | €41,830 | +€10,756 | +34.6% |
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 12 October 2026 via checked.be.