APRILETTRES: 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.
APRILETTRES
Largest movements
- Tangible fixed assets -€59,524
down €59,524 (-7.6%), from €779,447 to €719,923
of which Leasing and similar rights: -€47,077
- Current investments +€40,014
up €40,014 (+129%), from €31,030 to €71,044
- Cash -€33,618
down €33,618 (-30.3%), from €111,042 to €77,424
mainly Debts after one year (-€61,176) and Current investments (-€40,014)
- Receivables within one year +€19,231
up €19,231 (+25.4%), from €75,615 to €94,846
of which Trade receivables: +€18,656
- Debts after one year -€61,176
down €61,176 (-9.9%), from €617,610 to €556,434
- Investment grants +€36,997
new in 2025: €36,997
- Trade debts -€16,252
down €16,252 (-22.2%), from €73,052 to €56,801
- Reserves +€12,000
up €12,000 (+6.7%), from €177,875 to €189,875
of which Distributable reserves: +€12,000
- Gross operating margin +€18,069
up €18,069 (+11.8%), from €153,624 to €171,693
- Financial income +€13,697
up €13,697 (+8,782%), from €156 to €13,853
- Staff costs +€5,755
up €5,755 (+9.8%), from €58,674 to €64,428
- Taxes +€5,414
up €5,414 (+144%), from €3,760 to €9,174
- Depreciation +€3,098
up €3,098 (+5.5%), from €56,426 to €59,524
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 | €1,013,207 | €984,676 | -€28,531 | -2.8% |
| Fixed assets | 21/28 | €779,497 | €719,973 | -€59,524 | -7.6% |
| Tangible fixed assets | 22/27 | €779,447 | €719,923 | -€59,524 | -7.6% |
| Land and buildings | 22 | €10,260 | €9,720 | -€540 | -5.3% |
| Plant, machinery and equipment | 23 | €2,348 | €1,048 | -€1,300 | -55.4% |
| Furniture and vehicles | 24 | €39,408 | €28,801 | -€10,607 | -26.9% |
| Leasing and similar rights | 25 | €711,367 | €664,289 | -€47,077 | -6.6% |
| Assets under construction and advance payments | 27 | €16,065 | €16,065 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €233,710 | €264,702 | +€30,993 | +13.3% |
| Stocks and contracts in progress | 3 | €8,793 | €5,815 | -€2,978 | -33.9% |
| Stocks | 30/36 | €8,793 | €5,815 | -€2,978 | -33.9% |
| Amounts receivable within one year | 40/41 | €75,615 | €94,846 | +€19,231 | +25.4% |
| Trade receivables | 40 | €70,839 | €89,495 | +€18,656 | +26.3% |
| Other amounts receivable | 41 | €4,776 | €5,350 | +€575 | +12.0% |
| Current investments | 50/53 | €31,030 | €71,044 | +€40,014 | +129% |
| Cash at bank and in hand | 54/58 | €111,042 | €77,424 | -€33,618 | -30.3% |
| Deferred charges and accrued income | 490/1 | €7,231 | €15,574 | +€8,343 | +115% |
| Total equity and liabilities | 10/49 | €1,013,207 | €984,676 | -€28,531 | -2.8% |
| Equity | 10/15 | €184,622 | €234,020 | +€49,398 | +26.8% |
| Contributions | 10/11 | €6,349 | €6,349 | = | 0.0% |
| Reserves | 13 | €177,875 | €189,875 | +€12,000 | +6.7% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €162,875 | €174,875 | +€12,000 | +7.4% |
| Profit (loss) carried forward | 14 | €398 | €800 | +€401 | +101% |
| Investment grants | 15 | - | €36,997 | +€36,997 | |
| Amounts payable | 17/49 | €828,585 | €750,655 | -€77,930 | -9.4% |
| Amounts payable after more than one year | 17 | €617,610 | €556,434 | -€61,176 | -9.9% |
| Financial debts | 170/4 | €617,610 | €556,434 | -€61,176 | -9.9% |
| Amounts payable within one year | 42/48 | €204,681 | €188,621 | -€16,061 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €64,114 | €65,167 | +€1,053 | +1.6% |
| Trade debts | 44 | €73,052 | €56,801 | -€16,252 | -22.2% |
| Suppliers | 440/4 | €73,052 | €56,801 | -€16,252 | -22.2% |
| Advances received on contracts in progress | 46 | €3,615 | €3,675 | +€61 | +1.7% |
| Taxes, remuneration and social security | 45 | €42,220 | €36,445 | -€5,775 | -13.7% |
| Taxes | 450/3 | €25,723 | €18,731 | -€6,992 | -27.2% |
| Remuneration and social security | 454/9 | €16,497 | €17,714 | +€1,217 | +7.4% |
| Other amounts payable | 47/48 | €21,681 | €26,533 | +€4,852 | +22.4% |
| Accrued charges and deferred income | 492/3 | €6,294 | €5,600 | -€694 | -11.0% |
| Remuneration, social security and pensions | 62 | €58,674 | €64,428 | +€5,755 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,426 | €59,524 | +€3,098 | +5.5% |
| Other operating charges | 640/8 | €9,027 | €8,959 | -€68 | -0.8% |
| Gross operating margin | 9900 | €153,624 | €171,693 | +€18,069 | +11.8% |
| Operating profit (loss) | 9901 | €29,497 | €38,781 | +€9,285 | +31.5% |
| Financial income | 75/76B | €156 | €13,853 | +€13,697 | +8,782% |
| Recurring financial income | 75 | €156 | €13,853 | +€13,697 | +8,782% |
| Financial charges | 65/66B | €11,677 | €11,059 | -€618 | -5.3% |
| Recurring financial charges | 65 | €11,677 | €11,059 | -€618 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €17,976 | €41,576 | +€23,600 | +131% |
| Income taxes | 67/77 | €3,760 | €9,174 | +€5,414 | +144% |
| Profit (loss) for the period | 9904 | €14,216 | €32,401 | +€18,186 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €14,216 | €32,401 | +€18,186 | +128% |
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 29 October 2026 via checked.be.