APS: what changed
APS
Largest movements
- Cash -€23,164
down €23,164 (-59.9%), from €38,690 to €15,526
mainly Net result for the year (-€18,505) and Receivables within one year (-€6,433)
- Receivables within one year +€6,433
up €6,433 (+47.5%), from €13,555 to €19,988
of which Trade receivables: +€6,537
- Deferred charges and accrued income -€1,283
no longer reported in 2025 (was €1,283)
- Profit (loss) carried forward -€18,505
down €18,505 (-331%), from -€5,583 to -€24,089
- Tax, wage and social debts +€543
up €543 (+6.6%), from €8,188 to €8,730
of which Remuneration and social security: +€430
- Gross operating margin +€4,195
up €4,195 (+20.9%), from €20,074 to €24,270
- Staff costs +€1,455
up €1,455 (+3.6%), from €39,906 to €41,360
- Financial income -€1,283
no longer reported in 2025 (was €1,283)
- Other operating charges +€693
up €693 (+179%), from €387 to €1,080
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,734 | €35,719 | -€18,015 | -33.5% |
| Fixed assets | 21/28 | €205 | €205 | = | 0.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €53,529 | €35,514 | -€18,015 | -33.7% |
| Amounts receivable within one year | 40/41 | €13,555 | €19,988 | +€6,433 | +47.5% |
| Trade receivables | 40 | €12,587 | €19,124 | +€6,537 | +51.9% |
| Other amounts receivable | 41 | €968 | €864 | -€104 | -10.7% |
| Cash at bank and in hand | 54/58 | €38,690 | €15,526 | -€23,164 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,283 | - | -€1,283 | |
| Total equity and liabilities | 10/49 | €53,734 | €35,719 | -€18,015 | -33.5% |
| Equity | 10/15 | €45,354 | €26,849 | -€18,505 | -40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,337 | €32,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,280 | €7,280 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,583 | -€24,089 | -€18,505 | -331% |
| Amounts payable | 17/49 | €8,380 | €8,870 | +€491 | +5.9% |
| Amounts payable within one year | 42/48 | €8,359 | €8,870 | +€511 | +6.1% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €172 | €136 | -€36 | -20.7% |
| Suppliers | 440/4 | €172 | €136 | -€36 | -20.7% |
| Taxes, remuneration and social security | 45 | €8,188 | €8,730 | +€543 | +6.6% |
| Taxes | 450/3 | €1,060 | €1,173 | +€113 | +10.7% |
| Remuneration and social security | 454/9 | €7,127 | €7,557 | +€430 | +6.0% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Remuneration, social security and pensions | 62 | €39,906 | €41,360 | +€1,455 | +3.6% |
| Other operating charges | 640/8 | €387 | €1,080 | +€693 | +179% |
| Gross operating margin | 9900 | €20,074 | €24,270 | +€4,195 | +20.9% |
| Operating profit (loss) | 9901 | -€20,218 | -€18,171 | +€2,048 | +10.1% |
| Financial income | 75/76B | €1,283 | - | -€1,283 | |
| Recurring financial income | 75 | €1,283 | - | -€1,283 | |
| Financial charges | 65/66B | €348 | €335 | -€13 | -3.7% |
| Recurring financial charges | 65 | €348 | €335 | -€13 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,283 | -€18,505 | +€777 | +4.0% |
| Profit (loss) for the period | 9904 | -€19,283 | -€18,505 | +€777 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,283 | -€18,505 | +€777 | +4.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.