Apyc: 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.
Apyc
Largest movements
- Cash +€24,237
up €24,237 (+18.3%), from €132,804 to €157,041
mainly Net result for the year (+€44,122) and Depreciation (+€14,919)
- Tangible fixed assets -€11,624
down €11,624 (-28.5%), from €40,794 to €29,171
of which Furniture and vehicles: -€14,006
- Receivables within one year +€7,568
up €7,568 (+11.3%), from €67,102 to €74,671
of which Trade receivables: +€9,460
- Profit (loss) carried forward +€38,122
up €38,122 (+55946.6%), from €68 to €38,190
- Trade debts -€6,698
down €6,698 (-90.4%), from €7,414 to €715
- Other debts -€6,450
down €6,450 (-51.8%), from €12,450 to €6,000
- Gross operating margin +€10,915
up €10,915 (+17.9%), from €61,105 to €72,020
- Taxes -€1,139
down €1,139 (-8.2%), from €13,927 to €12,788
- Other operating charges -€1,053
down €1,053 (-70.1%), from €1,503 to €450
- Depreciation +€747
up €747 (+5.3%), from €14,172 to €14,919
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 | €240,701 | €260,882 | +€20,182 | +8.4% |
| Fixed assets | 21/28 | €40,794 | €29,171 | -€11,624 | -28.5% |
| Tangible fixed assets | 22/27 | €40,794 | €29,171 | -€11,624 | -28.5% |
| Plant, machinery and equipment | 23 | €4,438 | €6,820 | +€2,382 | +53.7% |
| Furniture and vehicles | 24 | €36,356 | €22,350 | -€14,006 | -38.5% |
| Current assets | 29/58 | €199,907 | €231,712 | +€31,805 | +15.9% |
| Amounts receivable within one year | 40/41 | €67,102 | €74,671 | +€7,568 | +11.3% |
| Trade receivables | 40 | €37,313 | €46,773 | +€9,460 | +25.4% |
| Other amounts receivable | 41 | €29,789 | €27,898 | -€1,891 | -6.3% |
| Cash at bank and in hand | 54/58 | €132,804 | €157,041 | +€24,237 | +18.3% |
| Total equity and liabilities | 10/49 | €240,701 | €260,882 | +€20,182 | +8.4% |
| Equity | 10/15 | €215,233 | €253,355 | +€38,122 | +17.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €212,165 | €212,165 | = | 0.0% |
| Distributable reserves | 133 | €212,165 | €212,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68 | €38,190 | +€38,122 | +55946.6% |
| Amounts payable | 17/49 | €25,468 | €7,528 | -€17,940 | -70.4% |
| Amounts payable within one year | 42/48 | €23,202 | €7,528 | -€15,674 | -67.6% |
| Trade debts | 44 | €7,414 | €715 | -€6,698 | -90.4% |
| Suppliers | 440/4 | €7,414 | €715 | -€6,698 | -90.4% |
| Taxes, remuneration and social security | 45 | €3,338 | €812 | -€2,526 | -75.7% |
| Taxes | 450/3 | €1,538 | €812 | -€726 | -47.2% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | €12,450 | €6,000 | -€6,450 | -51.8% |
| Accrued charges and deferred income | 492/3 | €2,266 | - | -€2,266 | |
| Non-recurring operating income | 76A | - | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,172 | €14,919 | +€747 | +5.3% |
| Other operating charges | 640/8 | €1,503 | €450 | -€1,053 | -70.1% |
| Gross operating margin | 9900 | €61,105 | €72,020 | +€10,915 | +17.9% |
| Operating profit (loss) | 9901 | €45,430 | €56,652 | +€11,221 | +24.7% |
| Financial income | 75/76B | €1 | €272 | +€271 | +23136.8% |
| Recurring financial income | 75 | €1 | €272 | +€271 | +23136.8% |
| Financial charges | 65/66B | €2 | €13 | +€11 | +427.0% |
| Recurring financial charges | 65 | €2 | €13 | +€11 | +427.0% |
| Profit (loss) for the period before taxes | 9903 | €45,429 | €56,910 | +€11,481 | +25.3% |
| Income taxes | 67/77 | €13,927 | €12,788 | -€1,139 | -8.2% |
| Profit (loss) for the period | 9904 | €31,502 | €44,122 | +€12,620 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,502 | €44,122 | +€12,620 | +40.1% |
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 30 September 2026 via checked.be.