APS HOME: 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.
APS HOME
Largest movements
- Receivables within one year +€125,434
up €125,434 (+43.4%), from €289,123 to €414,557
of which Trade receivables: +€125,434
- Cash -€49,891
down €49,891 (-58.1%), from €85,851 to €35,960
mainly Receivables within one year (-€125,434) and Other debts (-€101,613)
- Tangible fixed assets -€32,381
down €32,381 (-1.8%), from €1.8m to €1.7m
of which Land and buildings: -€24,583
- Reserves +€148,796
up €148,796 (+136.9%), from €108,685 to €257,481
of which Distributable reserves: +€148,796
- Other debts -€101,613
down €101,613 (-42.4%), from €239,428 to €137,814
- Tax, wage and social debts +€30,980
up €30,980 (+327.8%), from €9,452 to €40,432
- Debts after one year -€23,333
down €23,333 (-7.9%), from €293,611 to €270,278
of which Financial debts: -€23,333
- Depreciation -€68,633
down €68,633 (-58.1%), from €118,207 to €49,574
- Taxes +€41,286
up €41,286 (+185.3%), from €22,275 to €63,561
- Gross operating margin +€25,710
up €25,710 (+9.4%), from €274,783 to €300,493
- Other operating charges -€6,533
down €6,533 (-27.0%), from €24,233 to €17,700
- Financial charges -€3,353
down €3,353 (-13.8%), from €24,316 to €20,963
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 | €2,134,928 | €2,177,668 | +€42,739 | +2.0% |
| Fixed assets | 21/28 | €1,754,603 | €1,722,222 | -€32,381 | -1.8% |
| Tangible fixed assets | 22/27 | €1,753,411 | €1,721,030 | -€32,381 | -1.8% |
| Land and buildings | 22 | €1,745,613 | €1,721,030 | -€24,583 | -1.4% |
| Furniture and vehicles | 24 | €7,798 | €0 | -€7,798 | -100.0% |
| Financial fixed assets | 28 | €1,192 | €1,192 | = | 0.0% |
| Current assets | 29/58 | €380,325 | €455,445 | +€75,120 | +19.8% |
| Amounts receivable within one year | 40/41 | €289,123 | €414,557 | +€125,434 | +43.4% |
| Trade receivables | 40 | €9,976 | €135,409 | +€125,434 | +1257.4% |
| Other amounts receivable | 41 | €279,148 | €279,148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,851 | €35,960 | -€49,891 | -58.1% |
| Deferred charges and accrued income | 490/1 | €5,351 | €4,928 | -€423 | -7.9% |
| Total equity and liabilities | 10/49 | €2,134,928 | €2,177,668 | +€42,739 | +2.0% |
| Equity | 10/15 | €1,539,785 | €1,688,581 | +€148,796 | +9.7% |
| Contributions | 10/11 | €1,431,100 | €1,431,100 | = | 0.0% |
| Reserves | 13 | €108,685 | €257,481 | +€148,796 | +136.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €108,685 | €257,481 | +€148,796 | +136.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €595,143 | €489,087 | -€106,056 | -17.8% |
| Amounts payable after more than one year | 17 | €293,611 | €270,278 | -€23,333 | -7.9% |
| Financial debts | 170/4 | €293,611 | €270,278 | -€23,333 | -7.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €296,495 | €211,614 | -€84,881 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €23,333 | = | 0.0% |
| Trade debts | 44 | €24,282 | €10,035 | -€14,247 | -58.7% |
| Suppliers | 440/4 | €24,282 | €10,035 | -€14,247 | -58.7% |
| Taxes, remuneration and social security | 45 | €9,452 | €40,432 | +€30,980 | +327.8% |
| Taxes | 450/3 | €9,452 | €40,432 | +€30,980 | +327.8% |
| Other amounts payable | 47/48 | €239,428 | €137,814 | -€101,613 | -42.4% |
| Accrued charges and deferred income | 492/3 | €5,037 | €7,194 | +€2,158 | +42.8% |
| Non-recurring operating income | 76A | €1,400 | €33,466 | +€32,066 | +2290.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,207 | €49,574 | -€68,633 | -58.1% |
| Other operating charges | 640/8 | €24,233 | €17,700 | -€6,533 | -27.0% |
| Gross operating margin | 9900 | €274,783 | €300,493 | +€25,710 | +9.4% |
| Operating profit (loss) | 9901 | €132,343 | €233,219 | +€100,876 | +76.2% |
| Financial income | 75/76B | €311 | €101 | -€210 | -67.6% |
| Recurring financial income | 75 | €311 | €101 | -€210 | -67.6% |
| Financial charges | 65/66B | €24,316 | €20,963 | -€3,353 | -13.8% |
| Recurring financial charges | 65 | €24,316 | €20,963 | -€3,353 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €108,338 | €212,357 | +€104,019 | +96.0% |
| Income taxes | 67/77 | €22,275 | €63,561 | +€41,286 | +185.3% |
| Profit (loss) for the period | 9904 | €86,063 | €148,796 | +€62,733 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,063 | €148,796 | +€62,733 | +72.9% |
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.