APRILEM: 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.
APRILEM
Largest movements
- Tangible fixed assets -€16,107
down €16,107 (-65.5%), from €24,599 to €8,492
of which Furniture and vehicles: -€19,983
- Receivables within one year +€12,225
up €12,225 (+28.6%), from €42,801 to €55,026
of which Trade receivables: +€8,692
- Deferred charges and accrued income +€7,622
up €7,622 (+63.5%), from €12,000 to €19,622
- Cash -€1,224
down €1,224 (-33.2%), from €3,692 to €2,468
mainly Receivables within one year (-€12,225) and Other debts (-€9,512)
- Other debts -€9,512
no longer reported in 2025 (was €9,512)
- Tax, wage and social debts +€7,406
up €7,406 (+45.2%), from €16,383 to €23,789
of which Taxes: +€5,704
- Reserves +€7,000
up €7,000 (+79.0%), from €8,860 to €15,860
- Debts after one year -€6,081
down €6,081 (-69.5%), from €8,751 to €2,670
- Trade debts +€3,573
up €3,573 (+49.2%), from €7,267 to €10,840
- Staff costs +€19,328
up €19,328 (+51.9%), from €37,230 to €56,558
- Gross operating margin +€6,785
up €6,785 (+8.2%), from €82,246 to €89,031
- Depreciation -€6,093
down €6,093 (-34.2%), from €17,841 to €11,748
- Other operating charges +€3,033
up €3,033 (+137.7%), from €2,202 to €5,235
- Taxes +€1,125
up €1,125 (+19.7%), from €5,700 to €6,825
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 | €83,092 | €85,608 | +€2,516 | +3.0% |
| Fixed assets | 21/28 | €24,599 | €8,492 | -€16,107 | -65.5% |
| Tangible fixed assets | 22/27 | €24,599 | €8,492 | -€16,107 | -65.5% |
| Land and buildings | 22 | €220 | €220 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,396 | €8,272 | +€3,876 | +88.2% |
| Furniture and vehicles | 24 | €19,983 | - | -€19,983 | |
| Current assets | 29/58 | €58,493 | €77,116 | +€18,623 | +31.8% |
| Amounts receivable within one year | 40/41 | €42,801 | €55,026 | +€12,225 | +28.6% |
| Trade receivables | 40 | €5,531 | €14,223 | +€8,692 | +157.2% |
| Other amounts receivable | 41 | €37,270 | €40,803 | +€3,533 | +9.5% |
| Cash at bank and in hand | 54/58 | €3,692 | €2,468 | -€1,224 | -33.2% |
| Deferred charges and accrued income | 490/1 | €12,000 | €19,622 | +€7,622 | +63.5% |
| Total equity and liabilities | 10/49 | €83,092 | €85,608 | +€2,516 | +3.0% |
| Equity | 10/15 | €35,179 | €42,309 | +€7,130 | +20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,860 | €15,860 | +€7,000 | +79.0% |
| Non-distributable reserves | 130/1 | €8,860 | €15,860 | +€7,000 | +79.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €7,000 | €14,000 | +€7,000 | +100.0% |
| Profit (loss) carried forward | 14 | €20,119 | €20,249 | +€130 | +0.6% |
| Amounts payable | 17/49 | €47,913 | €43,299 | -€4,614 | -9.6% |
| Amounts payable after more than one year | 17 | €8,751 | €2,670 | -€6,081 | -69.5% |
| Trade debts | 175 | €8,751 | €2,670 | -€6,081 | -69.5% |
| Amounts payable within one year | 42/48 | €39,162 | €40,629 | +€1,467 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €7,267 | €10,840 | +€3,573 | +49.2% |
| Suppliers | 440/4 | €7,267 | €10,840 | +€3,573 | +49.2% |
| Taxes, remuneration and social security | 45 | €16,383 | €23,789 | +€7,406 | +45.2% |
| Taxes | 450/3 | €9,503 | €15,207 | +€5,704 | +60.0% |
| Remuneration and social security | 454/9 | €6,880 | €8,582 | +€1,702 | +24.7% |
| Other amounts payable | 47/48 | €9,512 | - | -€9,512 | |
| Remuneration, social security and pensions | 62 | €37,230 | €56,558 | +€19,328 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,841 | €11,748 | -€6,093 | -34.2% |
| Other operating charges | 640/8 | €2,202 | €5,235 | +€3,033 | +137.7% |
| Gross operating margin | 9900 | €82,246 | €89,031 | +€6,785 | +8.2% |
| Operating profit (loss) | 9901 | €24,973 | €15,490 | -€9,483 | -38.0% |
| Financial income | 75/76B | €3 | €9 | +€6 | +200.0% |
| Recurring financial income | 75 | €3 | €9 | +€6 | +200.0% |
| Financial charges | 65/66B | €961 | €1,544 | +€583 | +60.7% |
| Recurring financial charges | 65 | €961 | €797 | -€164 | -17.1% |
| Non-recurring financial charges | 66B | - | €747 | +€747 | |
| Profit (loss) for the period before taxes | 9903 | €24,015 | €13,955 | -€10,060 | -41.9% |
| Income taxes | 67/77 | €5,700 | €6,825 | +€1,125 | +19.7% |
| Profit (loss) for the period | 9904 | €18,315 | €7,130 | -€11,185 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,315 | €7,130 | -€11,185 | -61.1% |
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 7 October 2026 via checked.be.