APSB: 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.
APSB
Largest movements
- Deferred charges and accrued income +€219,960
up €219,960 (+16,538%), from €1,330 to €221,290
- Receivables within one year -€100,556
down €100,556 (-37.3%), from €269,289 to €168,733
of which Trade receivables: -€72,507
- Cash -€12,057
down €12,057 (-98.9%), from €12,195 to €138
mainly Deferred charges and accrued income (-€219,960) and Accrued charges and deferred income (-€35,101)
- Tangible fixed assets -€11,593
down €11,593 (-5.9%), from €195,136 to €183,543
of which Land and buildings: -€6,923
- Reserves +€50,000
up €50,000 (+27.1%), from €184,800 to €234,800
- Tax, wage and social debts +€47,818
up €47,818 (+1,236%), from €3,868 to €51,686
- Profit (loss) carried forward +€45,883
up €45,883 (+588%), from €7,809 to €53,692
- Accrued charges and deferred income -€35,101
down €35,101 (-69.6%), from €50,404 to €15,302
- Current portion of long-term debt -€8,811
down €8,811 (-29.6%), from €29,814 to €21,004
- Gross operating margin +€168,288
up €168,288 (+532%), from €31,629 to €199,917
- Taxes +€40,904
up €40,904 (+734%), from €5,575 to €46,479
- Write-downs +€28,677
new in 2024: €28,677
- Financial charges +€7,524
up €7,524 (+93.8%), from €8,024 to €15,548
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,450 | €618,204 | +€95,754 | +18.3% |
| Fixed assets | 21/28 | €195,136 | €183,543 | -€11,593 | -5.9% |
| Tangible fixed assets | 22/27 | €195,136 | €183,543 | -€11,593 | -5.9% |
| Land and buildings | 22 | €184,548 | €177,624 | -€6,923 | -3.8% |
| Plant, machinery and equipment | 23 | €604 | €310 | -€294 | -48.7% |
| Furniture and vehicles | 24 | €9,984 | €5,609 | -€4,375 | -43.8% |
| Current assets | 29/58 | €327,314 | €434,661 | +€107,347 | +32.8% |
| Amounts receivable after more than one year | 29 | €44,500 | €44,500 | = | 0.0% |
| Other amounts receivable | 291 | €44,500 | €44,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €269,289 | €168,733 | -€100,556 | -37.3% |
| Trade receivables | 40 | €240,832 | €168,325 | -€72,507 | -30.1% |
| Other amounts receivable | 41 | €28,457 | €408 | -€28,049 | -98.6% |
| Cash at bank and in hand | 54/58 | €12,195 | €138 | -€12,057 | -98.9% |
| Deferred charges and accrued income | 490/1 | €1,330 | €221,290 | +€219,960 | +16,538% |
| Total equity and liabilities | 10/49 | €522,450 | €618,204 | +€95,754 | +18.3% |
| Equity | 10/15 | €211,209 | €307,092 | +€95,883 | +45.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,800 | €234,800 | +€50,000 | +27.1% |
| Distributable reserves | 133 | €184,800 | €234,800 | +€50,000 | +27.1% |
| Profit (loss) carried forward | 14 | €7,809 | €53,692 | +€45,883 | +588% |
| Amounts payable | 17/49 | €311,241 | €311,112 | -€129 | 0.0% |
| Amounts payable after more than one year | 17 | €139,327 | €138,324 | -€1,004 | -0.7% |
| Financial debts | 170/4 | €139,327 | €138,324 | -€1,004 | -0.7% |
| Amounts payable within one year | 42/48 | €121,510 | €157,486 | +€35,976 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €29,814 | €21,004 | -€8,811 | -29.6% |
| Financial debts | 43 | €47,543 | €45,000 | -€2,543 | -5.3% |
| Credit institutions | 430/8 | €47,543 | €45,000 | -€2,543 | -5.3% |
| Trade debts | 44 | €16,039 | €17,380 | +€1,340 | +8.4% |
| Suppliers | 440/4 | €16,039 | €17,380 | +€1,340 | +8.4% |
| Taxes, remuneration and social security | 45 | €3,868 | €51,686 | +€47,818 | +1,236% |
| Taxes | 450/3 | €3,868 | €51,686 | +€47,818 | +1,236% |
| Other amounts payable | 47/48 | €24,246 | €22,417 | -€1,829 | -7.5% |
| Accrued charges and deferred income | 492/3 | €50,404 | €15,302 | -€35,101 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,488 | €11,593 | +€105 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,677 | +€28,677 | |
| Other operating charges | 640/8 | €1,445 | €2,713 | +€1,269 | +87.8% |
| Gross operating margin | 9900 | €31,629 | €199,917 | +€168,288 | +532% |
| Operating profit (loss) | 9901 | €18,697 | €156,934 | +€138,238 | +739% |
| Financial income | 75/76B | €890 | €976 | +€86 | +9.7% |
| Recurring financial income | 75 | €890 | €976 | +€86 | +9.7% |
| Financial charges | 65/66B | €8,024 | €15,548 | +€7,524 | +93.8% |
| Recurring financial charges | 65 | €8,024 | €15,548 | +€7,524 | +93.8% |
| Profit (loss) for the period before taxes | 9903 | €11,562 | €142,362 | +€130,799 | +1,131% |
| Income taxes | 67/77 | €5,575 | €46,479 | +€40,904 | +734% |
| Profit (loss) for the period | 9904 | €5,988 | €95,883 | +€89,895 | +1,501% |
| Profit (loss) for the period to be appropriated | 9905 | €5,988 | €95,883 | +€89,895 | +1,501% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.