apvine: 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.
apvine
Largest movements
- Receivables within one year -€290,686
down €290,686 (-23.5%), from €1.2m to €945,196
of which Trade receivables: -€178,404
- Cash -€68,270
down €68,270 (-85.2%), from €80,098 to €11,828
mainly Trade debts (-€291,669) and Net result for the year (-€162,303)
- Deferred charges and accrued income +€47,965
up €47,965 (+354.5%), from €13,532 to €61,497
- Trade debts -€291,669
down €291,669 (-31.9%), from €915,492 to €623,823
- Other debts +€258,718
up €258,718 (+1724.8%), from €15,000 to €273,718
- Profit (loss) carried forward -€162,303
down €162,303 (-18205.2%), from -€892 to -€163,194
- Tax, wage and social debts -€56,332
down €56,332 (-26.6%), from €212,064 to €155,733
of which Taxes: -€59,390
- Accrued charges and deferred income -€40,767
down €40,767 (-51.6%), from €79,057 to €38,290
- Turnover -€341,785
down €341,785 (-7.0%), from €4.9m to €4.5m
- Gross operating margin -€177,977
down €177,977 (-14.6%), from €1.2m to €1.0m
- Staff costs +€161,089
up €161,089 (+16.6%), from €971,025 to €1.1m
- Taxes -€61,415
down €61,415 (-95.4%), from €64,410 to €2,995
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 | €1,430,824 | €1,116,909 | -€313,916 | -21.9% |
| Fixed assets | 21/28 | €101,313 | €98,388 | -€2,925 | -2.9% |
| Tangible fixed assets | 22/27 | €41,713 | €38,788 | -€2,925 | -7.0% |
| Plant, machinery and equipment | 23 | €41,713 | €38,788 | -€2,925 | -7.0% |
| Financial fixed assets | 28 | €59,600 | €59,600 | = | 0.0% |
| Current assets | 29/58 | €1,329,511 | €1,018,520 | -€310,991 | -23.4% |
| Amounts receivable within one year | 40/41 | €1,235,882 | €945,196 | -€290,686 | -23.5% |
| Trade receivables | 40 | €1,122,095 | €943,691 | -€178,404 | -15.9% |
| Other amounts receivable | 41 | €113,786 | €1,505 | -€112,281 | -98.7% |
| Cash at bank and in hand | 54/58 | €80,098 | €11,828 | -€68,270 | -85.2% |
| Deferred charges and accrued income | 490/1 | €13,532 | €61,497 | +€47,965 | +354.5% |
| Total equity and liabilities | 10/49 | €1,430,824 | €1,116,909 | -€313,916 | -21.9% |
| Equity | 10/15 | €187,408 | €25,106 | -€162,303 | -86.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €126,300 | €126,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€892 | -€163,194 | -€162,303 | -18205.2% |
| Provisions and deferred taxes | 16 | - | €239 | +€239 | |
| Provisions for liabilities and charges | 160/5 | - | €239 | +€239 | |
| Pensions and similar obligations | 160 | - | €239 | +€239 | |
| Amounts payable | 17/49 | €1,243,416 | €1,091,564 | -€151,852 | -12.2% |
| Amounts payable within one year | 42/48 | €1,164,359 | €1,053,274 | -€111,085 | -9.5% |
| Trade debts | 44 | €915,492 | €623,823 | -€291,669 | -31.9% |
| Suppliers | 440/4 | €915,492 | €623,823 | -€291,669 | -31.9% |
| Advances received on contracts in progress | 46 | €21,802 | - | -€21,802 | |
| Taxes, remuneration and social security | 45 | €212,064 | €155,733 | -€56,332 | -26.6% |
| Taxes | 450/3 | €89,535 | €30,145 | -€59,390 | -66.3% |
| Remuneration and social security | 454/9 | €122,529 | €125,588 | +€3,059 | +2.5% |
| Other amounts payable | 47/48 | €15,000 | €273,718 | +€258,718 | +1724.8% |
| Accrued charges and deferred income | 492/3 | €79,057 | €38,290 | -€40,767 | -51.6% |
| Turnover | 70 | €4,870,444 | €4,528,660 | -€341,785 | -7.0% |
| Non-recurring operating income | 76A | €50 | €186 | +€136 | +272.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,752,980 | €3,733,081 | -€19,898 | -0.5% |
| Remuneration, social security and pensions | 62 | €971,025 | €1,132,114 | +€161,089 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,415 | €22,132 | +€6,717 | +43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,819 | +€9,819 | |
| Other operating charges | 640/8 | €5,442 | €4,916 | -€526 | -9.7% |
| Non-recurring operating charges | 66A | - | €560 | +€560 | |
| Gross operating margin | 9900 | €1,221,914 | €1,043,937 | -€177,977 | -14.6% |
| Operating profit (loss) | 9901 | €230,032 | -€125,604 | -€355,637 | |
| Financial income | 75/76B | - | €2,396 | +€2,396 | |
| Recurring financial income | 75 | - | €2,396 | +€2,396 | |
| Financial charges | 65/66B | €28,512 | €36,099 | +€7,587 | +26.6% |
| Recurring financial charges | 65 | €28,512 | €36,099 | +€7,587 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €201,520 | -€159,308 | -€360,828 | |
| Income taxes | 67/77 | €64,410 | €2,995 | -€61,415 | -95.4% |
| Profit (loss) for the period | 9904 | €137,110 | -€162,303 | -€299,413 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | - | -€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,960 | -€162,303 | -€236,263 |
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 3 October 2026 via checked.be.