APROMAT: 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.
What changed
APROMAT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€173,892
2024 · -€711,238+€885,130
Equity
€12.3m
2024 · €12.1m+€172,392
Cash
€260,548
2024 · €380,142-€119,594
Balance sheet total
€24.4m
2024 · €23.3m+€1.1m
Largest movements
Assets
- Stocks and contracts +€4.3m
new in 2025: €4.3m
- Tangible fixed assets -€3.4m
down €3.4m (-15.6%), from €21.8m to €18.4m
- Receivables within one year +€318,751
up €318,751 (+41.9%), from €759,881 to €1.1m
of which Other amounts receivable: +€338,679
Equity and liabilities
- Debts after one year +€484,266
up €484,266 (+4.7%), from €10.3m to €10.8m
- Trade debts +€283,907
up €283,907 (+4,061%), from €6,992 to €290,899
Income statement
- Gross operating margin +€250,203
up €250,203 (+22.0%), from €1.1m to €1.4m
- Other operating charges -€154,587
down €154,587 (-70.5%), from €219,193 to €64,606
- Depreciation -€77,369
down €77,369 (-11.6%), from €667,753 to €590,385
- Staff costs +€51,113
up €51,113 (+146%), from €35,082 to €86,195
- Financial charges +€47,895
up €47,895 (+10.9%), from €438,049 to €485,944
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.
Result 2024
-€711,238
Gross operating margin
+€250,203
Staff costs
-€51,113
Depreciation
+€77,369
Write-downs
-€24,167
Other operating charges
+€154,587
Other operating items
+€647,666
Financial income
-€3,591
Financial charges
-€47,895
Taxes
-€10,401
Deferred taxes and other
-€107,528
Result 2025
€173,892
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.6m
Investment
+€2.8m
Financing
+€656,847
Cash 2024
€380,142
From operations (derived)
-€3.6m
Net result for the year
+€173,892
Depreciation
+€590,385
Stocks and contracts
-€4.3m
Receivables within one year
-€318,751
Provisions
-€39,310
Trade debts
+€283,907
Tax, wage and social debts
-€49,828
Other debts
+€7,739
Accrued charges and deferred income
+€24,960
Investment (derived)
+€2.8m
Investment in fixed assets (net)
+€2.8m
Financing
+€656,847
Debts after one year
+€484,266
Current portion of long-term debt
+€60,549
Short-term financial debts
+€113,532
Contributions, distributions and other
-€1,500
Cash 2025
€260,548
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,318,870 | €24,377,078 | +€1.1m | +4.5% |
| Fixed assets | 21/28 | €22,178,847 | €18,776,538 | -€3.4m | -15.3% |
| Tangible fixed assets | 22/27 | €21,830,061 | €18,427,752 | -€3.4m | -15.6% |
| Land and buildings | 22 | €21,830,061 | €18,427,752 | -€3.4m | -15.6% |
| Financial fixed assets | 28 | €348,786 | €348,786 | = | 0.0% |
| Current assets | 29/58 | €1,140,023 | €5,600,539 | +€4.5m | +391% |
| Stocks and contracts in progress | 3 | - | €4,261,358 | +€4.3m | |
| Stocks | 30/36 | - | €4,261,358 | +€4.3m | |
| Amounts receivable within one year | 40/41 | €759,881 | €1,078,633 | +€318,751 | +41.9% |
| Trade receivables | 40 | €37,902 | €17,975 | -€19,927 | -52.6% |
| Other amounts receivable | 41 | €721,979 | €1,060,658 | +€338,679 | +46.9% |
| Cash at bank and in hand | 54/58 | €380,142 | €260,548 | -€119,594 | -31.5% |
| Total equity and liabilities | 10/49 | €23,318,870 | €24,377,078 | +€1.1m | +4.5% |
| Equity | 10/15 | €12,127,794 | €12,300,186 | +€172,392 | +1.4% |
| Contributions | 10/11 | €90,732 | €90,732 | = | 0.0% |
| Capital | 10 | €90,732 | €90,732 | = | 0.0% |
| Issued capital | 100 | €90,732 | €90,732 | = | 0.0% |
| Revaluation surpluses | 12 | €12,783,867 | €12,783,867 | = | 0.0% |
| Reserves | 13 | €52,872 | €52,552 | -€320 | -0.6% |
| Non-distributable reserves | 130/1 | €15,417 | €15,417 | = | 0.0% |
| Legal reserve | 130 | €12,602 | €12,602 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,815 | €2,815 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,072 | €752 | -€320 | -29.8% |
| Distributable reserves | 133 | €36,383 | €36,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€805,676 | -€631,465 | +€174,212 | +21.6% |
| Investment grants | 15 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Provisions and deferred taxes | 16 | €131,778 | €92,468 | -€39,310 | -29.8% |
| Deferred taxes | 168 | €131,778 | €92,468 | -€39,310 | -29.8% |
| Amounts payable | 17/49 | €11,059,298 | €11,984,424 | +€925,126 | +8.4% |
| Amounts payable after more than one year | 17 | €10,321,821 | €10,806,087 | +€484,266 | +4.7% |
| Financial debts | 170/4 | €10,321,821 | €10,806,087 | +€484,266 | +4.7% |
| Amounts payable within one year | 42/48 | €737,478 | €1,153,377 | +€415,900 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €505,185 | €565,734 | +€60,549 | +12.0% |
| Financial debts | 43 | - | €113,532 | +€113,532 | |
| Credit institutions | 430/8 | - | €113,532 | +€113,532 | |
| Trade debts | 44 | €6,992 | €290,899 | +€283,907 | +4,061% |
| Suppliers | 440/4 | €6,992 | €290,899 | +€283,907 | +4,061% |
| Taxes, remuneration and social security | 45 | €77,954 | €28,126 | -€49,828 | -63.9% |
| Taxes | 450/3 | €77,954 | €13,498 | -€64,455 | -82.7% |
| Remuneration and social security | 454/9 | - | €14,628 | +€14,628 | |
| Other amounts payable | 47/48 | €147,348 | €155,086 | +€7,739 | +5.3% |
| Accrued charges and deferred income | 492/3 | - | €24,960 | +€24,960 | |
| Non-recurring operating income | 76A | - | €172,903 | +€172,903 | |
| Remuneration, social security and pensions | 62 | €35,082 | €86,195 | +€51,113 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667,753 | €590,385 | -€77,369 | -11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,167 | +€24,167 | |
| Other operating charges | 640/8 | €219,193 | €64,606 | -€154,587 | -70.5% |
| Non-recurring operating charges | 66A | €647,666 | - | -€647,666 | |
| Gross operating margin | 9900 | €1,139,287 | €1,389,490 | +€250,203 | +22.0% |
| Operating profit (loss) | 9901 | -€430,407 | €624,138 | +€1.1m | |
| Financial income | 75/76B | €10,379 | €6,789 | -€3,591 | -34.6% |
| Recurring financial income | 75 | €10,379 | €6,789 | -€3,591 | -34.6% |
| Financial charges | 65/66B | €438,049 | €485,944 | +€47,895 | +10.9% |
| Recurring financial charges | 65 | €438,049 | €485,944 | +€47,895 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€858,076 | €144,983 | +€1.0m | |
| Transfer from deferred taxes | 780 | €146,838 | €39,310 | -€107,528 | -73.2% |
| Income taxes | 67/77 | - | €10,401 | +€10,401 | |
| Profit (loss) for the period | 9904 | -€711,238 | €173,892 | +€885,130 | |
| Transfer from tax-exempt reserves | 789 | €1,194 | €320 | -€875 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€710,043 | €174,212 | +€884,255 |
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 17 October 2026 via checked.be.