APROOVE: 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.
APROOVE
Largest movements
- Cash -€1.3m
down €1.3m (-96.5%), from €1.4m to €47,838
mainly Accrued charges and deferred income (-€1.1m) and Contributions, distributions and other (-€959,000)
- Receivables within one year +€709,452
up €709,452 (+149.9%), from €473,396 to €1.2m
of which Trade receivables: +€752,334
- Accrued charges and deferred income -€1.1m
down €1.1m (-66.8%), from €1.6m to €535,537
- Profit (loss) carried forward +€363,632
up €363,632 (+688.7%), from €52,800 to €416,432
- Tax, wage and social debts +€55,441
up €55,441 (+112.2%), from €49,423 to €104,864
of which Taxes: +€46,472
- Other debts +€50,738
new in 2025: €50,738
- Trade debts -€28,887
down €28,887 (-23.5%), from €122,883 to €93,996
- Gross operating margin +€282,539
up €282,539 (+18.9%), from €1.5m to €1.8m
- Taxes +€81,954
up €81,954 (+130.6%), from €62,757 to €144,711
- Financial charges +€30,763
up €30,763 (+373.3%), from €8,242 to €39,005
- Staff costs -€29,291
down €29,291 (-9.0%), from €324,589 to €295,298
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 | €1,907,116 | €1,270,318 | -€636,798 | -33.4% |
| Fixed assets | 21/28 | €34,471 | €18,077 | -€16,394 | -47.6% |
| Tangible fixed assets | 22/27 | €32,771 | €16,377 | -€16,394 | -50.0% |
| Furniture and vehicles | 24 | €32,771 | €16,377 | -€16,394 | -50.0% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €1,872,645 | €1,252,240 | -€620,404 | -33.1% |
| Amounts receivable within one year | 40/41 | €473,396 | €1,182,848 | +€709,452 | +149.9% |
| Trade receivables | 40 | €418,912 | €1,171,247 | +€752,334 | +179.6% |
| Other amounts receivable | 41 | €54,484 | €11,602 | -€42,883 | -78.7% |
| Cash at bank and in hand | 54/58 | €1,379,120 | €47,838 | -€1.3m | -96.5% |
| Deferred charges and accrued income | 490/1 | €20,128 | €21,554 | +€1,426 | +7.1% |
| Total equity and liabilities | 10/49 | €1,907,116 | €1,270,318 | -€636,798 | -33.4% |
| Equity | 10/15 | €121,550 | €485,182 | +€363,632 | +299.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,800 | €416,432 | +€363,632 | +688.7% |
| Amounts payable | 17/49 | €1,785,565 | €785,135 | -€1.0m | -56.0% |
| Amounts payable within one year | 42/48 | €172,306 | €249,599 | +€77,293 | +44.9% |
| Trade debts | 44 | €122,883 | €93,996 | -€28,887 | -23.5% |
| Suppliers | 440/4 | €122,883 | €93,996 | -€28,887 | -23.5% |
| Taxes, remuneration and social security | 45 | €49,423 | €104,864 | +€55,441 | +112.2% |
| Taxes | 450/3 | €10,364 | €56,836 | +€46,472 | +448.4% |
| Remuneration and social security | 454/9 | €39,058 | €48,028 | +€8,969 | +23.0% |
| Other amounts payable | 47/48 | - | €50,738 | +€50,738 | |
| Accrued charges and deferred income | 492/3 | €1,613,259 | €535,537 | -€1.1m | -66.8% |
| Remuneration, social security and pensions | 62 | €324,589 | €295,298 | -€29,291 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,375 | €19,451 | -€2,925 | -13.1% |
| Other operating charges | 640/8 | €2,293 | €7,824 | +€5,531 | +241.2% |
| Gross operating margin | 9900 | €1,493,089 | €1,775,628 | +€282,539 | +18.9% |
| Operating profit (loss) | 9901 | €1,143,832 | €1,453,055 | +€309,223 | +27.0% |
| Financial income | 75/76B | €67,891 | €53,293 | -€14,598 | -21.5% |
| Recurring financial income | 75 | €67,891 | €53,293 | -€14,598 | -21.5% |
| Financial charges | 65/66B | €8,242 | €39,005 | +€30,763 | +373.3% |
| Recurring financial charges | 65 | €8,242 | €39,005 | +€30,763 | +373.3% |
| Profit (loss) for the period before taxes | 9903 | €1,203,481 | €1,467,343 | +€263,862 | +21.9% |
| Income taxes | 67/77 | €62,757 | €144,711 | +€81,954 | +130.6% |
| Profit (loss) for the period | 9904 | €1,140,724 | €1,322,632 | +€181,908 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,140,724 | €1,322,632 | +€181,908 | +15.9% |
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.