APRIL FISH: 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.
APRIL FISH
Largest movements
- Cash +€29,637
up €29,637 (+40.3%), from €73,630 to €103,267
mainly Other debts (+€42,240) and Net result for the year (+€38,406)
- Receivables within one year -€18,844
down €18,844 (-99.3%), from €18,977 to €134
of which Trade receivables: -€18,844
- Other debts +€42,240
up €42,240 (+116%), from €36,394 to €78,634
- Reserves -€38,500
down €38,500 (-100%), from €38,500 to €0
- Tax, wage and social debts +€3,807
up €3,807 (+20.3%), from €18,770 to €22,578
- Profit (loss) carried forward +€3,406
up €3,406 (+712%), from €478 to €3,884
- Gross operating margin +€7,283
up €7,283 (+15.5%), from €47,054 to €54,337
- Taxes +€1,023
up €1,023 (+9.8%), from €10,491 to €11,514
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 | €97,253 | €108,902 | +€11,650 | +12.0% |
| Fixed assets | 21/28 | €3,233 | €4,030 | +€796 | +24.6% |
| Tangible fixed assets | 22/27 | €3,233 | €4,030 | +€796 | +24.6% |
| Plant, machinery and equipment | 23 | €1,209 | €1,394 | +€185 | +15.3% |
| Furniture and vehicles | 24 | €2,024 | €2,636 | +€612 | +30.2% |
| Current assets | 29/58 | €94,019 | €104,873 | +€10,853 | +11.5% |
| Amounts receivable within one year | 40/41 | €18,977 | €134 | -€18,844 | -99.3% |
| Trade receivables | 40 | €18,977 | €134 | -€18,844 | -99.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €73,630 | €103,267 | +€29,637 | +40.3% |
| Deferred charges and accrued income | 490/1 | €1,412 | €1,471 | +€60 | +4.2% |
| Total equity and liabilities | 10/49 | €97,253 | €108,902 | +€11,650 | +12.0% |
| Equity | 10/15 | €41,478 | €6,384 | -€35,094 | -84.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €38,500 | €0 | -€38,500 | -100% |
| Distributable reserves | 133 | €38,500 | €0 | -€38,500 | -100% |
| Profit (loss) carried forward | 14 | €478 | €3,884 | +€3,406 | +712% |
| Amounts payable | 17/49 | €55,774 | €102,518 | +€46,744 | +83.8% |
| Amounts payable within one year | 42/48 | €55,582 | €102,395 | +€46,814 | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €418 | €1,184 | +€766 | +183% |
| Suppliers | 440/4 | €418 | €1,184 | +€766 | +183% |
| Taxes, remuneration and social security | 45 | €18,770 | €22,578 | +€3,807 | +20.3% |
| Taxes | 450/3 | €18,770 | €22,578 | +€3,807 | +20.3% |
| Other amounts payable | 47/48 | €36,394 | €78,634 | +€42,240 | +116% |
| Accrued charges and deferred income | 492/3 | €193 | €123 | -€70 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,722 | €1,597 | -€125 | -7.3% |
| Other operating charges | 640/8 | €532 | €501 | -€30 | -5.7% |
| Gross operating margin | 9900 | €47,054 | €54,337 | +€7,283 | +15.5% |
| Operating profit (loss) | 9901 | €44,800 | €52,238 | +€7,438 | +16.6% |
| Financial income | 75/76B | €2 | €3 | +€1 | +22.4% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +22.4% |
| Financial charges | 65/66B | €2,800 | €2,321 | -€479 | -17.1% |
| Recurring financial charges | 65 | €2,800 | €2,321 | -€479 | -17.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €42,002 | €49,920 | +€7,918 | +18.9% |
| Income taxes | 67/77 | €10,491 | €11,514 | +€1,023 | +9.8% |
| Profit (loss) for the period | 9904 | €31,511 | €38,406 | +€6,895 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,511 | €38,406 | +€6,895 | +21.9% |
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 13 October 2026 via checked.be.