APSYZ: 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.
APSYZ
Largest movements
- Cash +€29,317
up €29,317 (+95.3%), from €30,779 to €60,095
mainly Net result for the year (+€40,493) and Other debts (+€269)
- Tangible fixed assets +€9,010
new in 2025: €9,010
- Receivables within one year +€2,723
up €2,723, from €0 to €2,723
of which Other amounts receivable: +€2,723
- Profit (loss) carried forward +€40,493
up €40,493 (+149.4%), from €27,095 to €67,588
- Gross operating margin +€18,167
up €18,167 (+49.1%), from €37,005 to €55,172
- Turnover +€15,748
up €15,748 (+28.3%), from €55,560 to €71,308
- Taxes +€4,531
up €4,531 (+47.7%), from €9,496 to €14,027
- Purchases and services -€2,419
down €2,419 (-13.0%), from €18,555 to €16,136
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 | €30,779 | €71,834 | +€41,055 | +133.4% |
| Fixed assets | 21/28 | - | €9,010 | +€9,010 | |
| Tangible fixed assets | 22/27 | - | €9,010 | +€9,010 | |
| Land and buildings | 22 | - | €9,010 | +€9,010 | |
| Current assets | 29/58 | €30,779 | €62,824 | +€32,046 | +104.1% |
| Amounts receivable within one year | 40/41 | €0 | €2,723 | +€2,723 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €2,723 | +€2,723 | |
| Cash at bank and in hand | 54/58 | €30,779 | €60,095 | +€29,317 | +95.3% |
| Deferred charges and accrued income | 490/1 | - | €6 | +€6 | |
| Total equity and liabilities | 10/49 | €30,779 | €71,834 | +€41,055 | +133.4% |
| Equity | 10/15 | €30,095 | €70,588 | +€40,493 | +134.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,095 | €67,588 | +€40,493 | +149.4% |
| Amounts payable | 17/49 | €683 | €1,246 | +€562 | +82.3% |
| Amounts payable within one year | 42/48 | €683 | €1,077 | +€393 | +57.6% |
| Trade debts | 44 | €0 | €124 | +€124 | |
| Suppliers | 440/4 | €0 | €124 | +€124 | |
| Taxes, remuneration and social security | 45 | €683 | €683 | = | 0.0% |
| Taxes | 450/3 | €683 | €683 | = | 0.0% |
| Other amounts payable | 47/48 | - | €269 | +€269 | |
| Accrued charges and deferred income | 492/3 | - | €169 | +€169 | |
| Turnover | 70 | €55,560 | €71,308 | +€15,748 | +28.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,555 | €16,136 | -€2,419 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €186 | +€186 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €37,005 | €55,172 | +€18,167 | +49.1% |
| Operating profit (loss) | 9901 | €36,618 | €54,586 | +€17,968 | +49.1% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €57 | €66 | +€9 | +15.5% |
| Recurring financial charges | 65 | €57 | €66 | +€9 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €36,591 | €54,520 | +€17,929 | +49.0% |
| Income taxes | 67/77 | €9,496 | €14,027 | +€4,531 | +47.7% |
| Profit (loss) for the period | 9904 | €27,095 | €40,493 | +€13,397 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,095 | €40,493 | +€13,397 | +49.4% |
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 29 September 2026 via checked.be.