Aprilis: 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.
Aprilis
Largest movements
- Receivables within one year -€213,819
down €213,819 (-82.1%), from €260,562 to €46,743
of which Trade receivables: -€243,458
- Cash +€83,700
up €83,700 (+80.5%), from €103,935 to €187,635
mainly Receivables within one year (+€213,819) and Net result for the year (+€67,722)
- Receivables after one year -€12,735
down €12,735 (-100.0%), from €12,735 to €0
- Other debts -€181,659
down €181,659 (-56.2%), from €323,467 to €141,808
- Reserves +€67,722
up €67,722 (+26.4%), from €256,246 to €323,968
of which Distributable reserves: +€67,722
- Trade debts -€19,138
down €19,138 (-78.9%), from €24,252 to €5,114
- Gross operating margin -€152,038
down €152,038 (-56.6%), from €268,778 to €116,739
- Taxes -€39,266
down €39,266 (-58.5%), from €67,083 to €27,817
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 | €661,722 | €522,668 | -€139,054 | -21.0% |
| Fixed assets | 21/28 | €186,102 | €188,371 | +€2,269 | +1.2% |
| Intangible fixed assets | 21 | - | €1,350 | +€1,350 | |
| Tangible fixed assets | 22/27 | €3,102 | €4,021 | +€919 | +29.6% |
| Furniture and vehicles | 24 | €249 | €2,332 | +€2,082 | +834.8% |
| Other tangible fixed assets | 26 | €2,853 | €1,689 | -€1,163 | -40.8% |
| Financial fixed assets | 28 | €183,000 | €183,000 | = | 0.0% |
| Current assets | 29/58 | €475,620 | €334,297 | -€141,323 | -29.7% |
| Amounts receivable after more than one year | 29 | €12,735 | €0 | -€12,735 | -100.0% |
| Other amounts receivable | 291 | €12,735 | €0 | -€12,735 | -100.0% |
| Amounts receivable within one year | 40/41 | €260,562 | €46,743 | -€213,819 | -82.1% |
| Trade receivables | 40 | €260,562 | €17,105 | -€243,458 | -93.4% |
| Other amounts receivable | 41 | €0 | €29,638 | +€29,638 | |
| Current investments | 50/53 | €96,250 | €96,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,935 | €187,635 | +€83,700 | +80.5% |
| Deferred charges and accrued income | 490/1 | €2,138 | €3,670 | +€1,531 | +71.6% |
| Total equity and liabilities | 10/49 | €661,722 | €522,668 | -€139,054 | -21.0% |
| Equity | 10/15 | €274,796 | €342,518 | +€67,722 | +24.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €256,246 | €323,968 | +€67,722 | +26.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €256,246 | €323,968 | +€67,722 | +26.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €386,926 | €180,151 | -€206,776 | -53.4% |
| Amounts payable within one year | 42/48 | €376,167 | €170,255 | -€205,912 | -54.7% |
| Trade debts | 44 | €24,252 | €5,114 | -€19,138 | -78.9% |
| Suppliers | 440/4 | €24,252 | €5,114 | -€19,138 | -78.9% |
| Taxes, remuneration and social security | 45 | €28,448 | €23,333 | -€5,115 | -18.0% |
| Taxes | 450/3 | €28,448 | €23,333 | -€5,115 | -18.0% |
| Other amounts payable | 47/48 | €323,467 | €141,808 | -€181,659 | -56.2% |
| Accrued charges and deferred income | 492/3 | €10,759 | €9,896 | -€864 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,016 | €1,420 | -€596 | -29.6% |
| Other operating charges | 640/8 | €1,788 | €2,081 | +€292 | +16.4% |
| Non-recurring operating charges | 66A | - | €6,500 | +€6,500 | |
| Gross operating margin | 9900 | €268,778 | €116,739 | -€152,038 | -56.6% |
| Operating profit (loss) | 9901 | €264,973 | €106,739 | -€158,235 | -59.7% |
| Financial income | 75/76B | €383 | €0 | -€383 | -100.0% |
| Recurring financial income | 75 | €383 | €0 | -€383 | -100.0% |
| Financial charges | 65/66B | €11,219 | €11,199 | -€19 | -0.2% |
| Recurring financial charges | 65 | €11,219 | €11,199 | -€19 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €254,138 | €95,539 | -€158,599 | -62.4% |
| Income taxes | 67/77 | €67,083 | €27,817 | -€39,266 | -58.5% |
| Profit (loss) for the period | 9904 | €187,055 | €67,722 | -€119,333 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €187,055 | €67,722 | -€119,333 | -63.8% |
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.