APTIGU: 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.
APTIGU
Largest movements
- Receivables within one year +€165,480
up €165,480 (+22.4%), from €737,856 to €903,336
of which Trade receivables: +€142,800
- Cash +€20,320
up €20,320 (+6.1%), from €332,820 to €353,140
mainly Net result for the year (+€167,589) and Tax, wage and social debts (+€31,386)
- Tangible fixed assets +€13,510
up €13,510 (+3067.0%), from €441 to €13,950
- Reserves +€154,821
up €154,821 (+15.8%), from €980,554 to €1.1m
- Tax, wage and social debts +€31,386
up €31,386 (+37.8%), from €83,075 to €114,461
- Trade debts +€13,709
up €13,709 (+110.8%), from €12,374 to €26,083
- Gross operating margin +€160,110
up €160,110 (+179.9%), from €88,997 to €249,107
- Taxes +€55,612
up €55,612 (+181.6%), from €30,616 to €86,228
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 | €1,076,003 | €1,275,919 | +€199,916 | +18.6% |
| Fixed assets | 21/28 | €441 | €13,950 | +€13,510 | +3067.0% |
| Tangible fixed assets | 22/27 | €441 | €13,950 | +€13,510 | +3067.0% |
| Furniture and vehicles | 24 | €441 | €13,950 | +€13,510 | +3067.0% |
| Current assets | 29/58 | €1,075,563 | €1,261,968 | +€186,406 | +17.3% |
| Stocks and contracts in progress | 3 | €4,162 | €2,951 | -€1,211 | -29.1% |
| Stocks | 30/36 | €4,162 | €2,951 | -€1,211 | -29.1% |
| Amounts receivable within one year | 40/41 | €737,856 | €903,336 | +€165,480 | +22.4% |
| Trade receivables | 40 | €74,374 | €217,174 | +€142,800 | +192.0% |
| Other amounts receivable | 41 | €663,483 | €686,162 | +€22,680 | +3.4% |
| Current investments | 50/53 | €725 | €725 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €332,820 | €353,140 | +€20,320 | +6.1% |
| Deferred charges and accrued income | 490/1 | - | €1,817 | +€1,817 | |
| Total equity and liabilities | 10/49 | €1,076,003 | €1,275,919 | +€199,916 | +18.6% |
| Equity | 10/15 | €980,554 | €1,135,376 | +€154,821 | +15.8% |
| Reserves | 13 | €980,554 | €1,135,376 | +€154,821 | +15.8% |
| Distributable reserves | 133 | €980,554 | €1,135,376 | +€154,821 | +15.8% |
| Amounts payable | 17/49 | €95,449 | €140,543 | +€45,095 | +47.2% |
| Amounts payable within one year | 42/48 | €95,449 | €140,543 | +€45,095 | +47.2% |
| Trade debts | 44 | €12,374 | €26,083 | +€13,709 | +110.8% |
| Suppliers | 440/4 | €12,374 | €26,083 | +€13,709 | +110.8% |
| Taxes, remuneration and social security | 45 | €83,075 | €114,461 | +€31,386 | +37.8% |
| Taxes | 450/3 | €83,075 | €114,461 | +€31,386 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €862 | +€73 | +9.3% |
| Other operating charges | 640/8 | €2,262 | €2,179 | -€83 | -3.7% |
| Gross operating margin | 9900 | €88,997 | €249,107 | +€160,110 | +179.9% |
| Operating profit (loss) | 9901 | €85,946 | €246,066 | +€160,120 | +186.3% |
| Financial income | 75/76B | €7,841 | €8,109 | +€268 | +3.4% |
| Recurring financial income | 75 | €7,841 | €8,109 | +€268 | +3.4% |
| Financial charges | 65/66B | €234 | €358 | +€124 | +52.9% |
| Recurring financial charges | 65 | €234 | €358 | +€124 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €93,553 | €253,817 | +€160,264 | +171.3% |
| Income taxes | 67/77 | €30,616 | €86,228 | +€55,612 | +181.6% |
| Profit (loss) for the period | 9904 | €62,937 | €167,589 | +€104,652 | +166.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,937 | €167,589 | +€104,652 | +166.3% |
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 5 October 2026 via checked.be.