APROPOS: 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.
APROPOS
Largest movements
- Current investments -€19,580
down €19,580 (-19.6%), from €100,000 to €80,420
- Cash -€9,349
down €9,349 (-38.8%), from €24,068 to €14,719
mainly Net result for the year (-€24,041) and Investment in fixed assets (net) (-€7,000)
- Deferred charges and accrued income -€4,525
down €4,525 (-52.5%), from €8,613 to €4,088
- Receivables within one year +€4,365
up €4,365 (+65.9%), from €6,620 to €10,986
of which Trade receivables: +€3,566
- Reserves -€24,041
down €24,041 (-21.1%), from €113,873 to €89,832
of which Distributable reserves: -€24,041
- Trade debts -€2,431
down €2,431 (-16.9%), from €14,419 to €11,988
- Gross operating margin -€27,105
down €27,105 (-25.2%), from €107,552 to €80,447
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 | €175,506 | €147,473 | -€28,033 | -16.0% |
| Fixed assets | 21/28 | €30,045 | €29,656 | -€389 | -1.3% |
| Tangible fixed assets | 22/27 | €30,045 | €29,656 | -€389 | -1.3% |
| Plant, machinery and equipment | 23 | €8,084 | €14,122 | +€6,039 | +74.7% |
| Furniture and vehicles | 24 | €1,732 | €1,121 | -€611 | -35.3% |
| Other tangible fixed assets | 26 | €20,230 | €14,413 | -€5,817 | -28.8% |
| Current assets | 29/58 | €145,461 | €117,816 | -€27,644 | -19.0% |
| Stocks and contracts in progress | 3 | €6,160 | €7,604 | +€1,444 | +23.4% |
| Stocks | 30/36 | €6,160 | €7,604 | +€1,444 | +23.4% |
| Amounts receivable within one year | 40/41 | €6,620 | €10,986 | +€4,365 | +65.9% |
| Trade receivables | 40 | €1,782 | €5,347 | +€3,566 | +200.1% |
| Other amounts receivable | 41 | €4,839 | €5,638 | +€800 | +16.5% |
| Current investments | 50/53 | €100,000 | €80,420 | -€19,580 | -19.6% |
| Cash at bank and in hand | 54/58 | €24,068 | €14,719 | -€9,349 | -38.8% |
| Deferred charges and accrued income | 490/1 | €8,613 | €4,088 | -€4,525 | -52.5% |
| Total equity and liabilities | 10/49 | €175,506 | €147,473 | -€28,033 | -16.0% |
| Equity | 10/15 | €132,473 | €108,432 | -€24,041 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,873 | €89,832 | -€24,041 | -21.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,013 | €87,972 | -€24,041 | -21.5% |
| Amounts payable | 17/49 | €43,033 | €39,041 | -€3,992 | -9.3% |
| Amounts payable within one year | 42/48 | €43,033 | €39,041 | -€3,992 | -9.3% |
| Trade debts | 44 | €14,419 | €11,988 | -€2,431 | -16.9% |
| Suppliers | 440/4 | €14,419 | €11,988 | -€2,431 | -16.9% |
| Taxes, remuneration and social security | 45 | €19,093 | €17,691 | -€1,402 | -7.3% |
| Taxes | 450/3 | €9,989 | €8,951 | -€1,038 | -10.4% |
| Remuneration and social security | 454/9 | €9,104 | €8,740 | -€364 | -4.0% |
| Other amounts payable | 47/48 | €9,521 | €9,362 | -€160 | -1.7% |
| Remuneration, social security and pensions | 62 | €96,284 | €95,980 | -€304 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,667 | €7,389 | -€278 | -3.6% |
| Other operating charges | 640/8 | €1,814 | €1,959 | +€145 | +8.0% |
| Gross operating margin | 9900 | €107,552 | €80,447 | -€27,105 | -25.2% |
| Operating profit (loss) | 9901 | €1,787 | -€24,880 | -€26,667 | |
| Financial income | 75/76B | €294 | €1,286 | +€992 | +337.5% |
| Recurring financial income | 75 | €294 | €1,286 | +€992 | +337.5% |
| Financial charges | 65/66B | €116 | €72 | -€44 | -37.8% |
| Recurring financial charges | 65 | €116 | €72 | -€44 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €1,965 | -€23,666 | -€25,631 | |
| Income taxes | 67/77 | €617 | €375 | -€241 | -39.2% |
| Profit (loss) for the period | 9904 | €1,349 | -€24,041 | -€25,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,349 | -€24,041 | -€25,390 |
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.