APYMO: 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.
APYMO
Largest movements
- Receivables within one year -€116,921
down €116,921 (-5.7%), from €2.1m to €1.9m
of which Other amounts receivable: -€114,497
- Deferred charges and accrued income +€64,370
up €64,370 (+3892.3%), from €1,654 to €66,024
- Cash +€33,506
up €33,506 (+65.5%), from €51,136 to €84,642
mainly Receivables within one year (+€116,921) and Net result for the year (+€47,141)
- Debts after one year -€121,132
down €121,132 (-5.7%), from €2.1m to €2.0m
- Write-downs -€35,000
down €35,000, from €17,500 to -€17,500
- Taxes +€33,869
up €33,869 (+762.3%), from €4,443 to €38,312
- Gross operating margin -€28,697
down €28,697 (-16.2%), from €176,698 to €148,001
- Other operating charges +€20,366
up €20,366 (+63.2%), from €32,246 to €52,613
- Provisions -€18,418
down €18,418, from €15,000 to -€3,418
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 | €2,688,037 | €2,642,546 | -€45,492 | -1.7% |
| Fixed assets | 21/28 | €583,877 | €557,430 | -€26,447 | -4.5% |
| Tangible fixed assets | 22/27 | €583,877 | €557,430 | -€26,447 | -4.5% |
| Land and buildings | 22 | €583,877 | €557,430 | -€26,447 | -4.5% |
| Current assets | 29/58 | €2,104,160 | €2,085,115 | -€19,045 | -0.9% |
| Amounts receivable within one year | 40/41 | €2,051,370 | €1,934,449 | -€116,921 | -5.7% |
| Trade receivables | 40 | €3,453 | €1,028 | -€2,425 | -70.2% |
| Other amounts receivable | 41 | €2,047,917 | €1,933,421 | -€114,497 | -5.6% |
| Cash at bank and in hand | 54/58 | €51,136 | €84,642 | +€33,506 | +65.5% |
| Deferred charges and accrued income | 490/1 | €1,654 | €66,024 | +€64,370 | +3892.3% |
| Total equity and liabilities | 10/49 | €2,688,037 | €2,642,546 | -€45,492 | -1.7% |
| Equity | 10/15 | €395,775 | €442,916 | +€47,141 | +11.9% |
| Contributions | 10/11 | €69,729 | €69,729 | = | 0.0% |
| Reserves | 13 | €131,086 | €156,346 | +€25,260 | +19.3% |
| Non-distributable reserves | 130/1 | €6,973 | €6,973 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,973 | €6,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,274 | €106,534 | +€25,260 | +31.1% |
| Distributable reserves | 133 | €42,839 | €42,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,960 | €216,841 | +€21,881 | +11.2% |
| Provisions and deferred taxes | 16 | €15,000 | €11,582 | -€3,418 | -22.8% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €11,582 | -€3,418 | -22.8% |
| Major repairs and maintenance | 162 | €15,000 | €11,582 | -€3,418 | -22.8% |
| Amounts payable | 17/49 | €2,277,262 | €2,188,047 | -€89,215 | -3.9% |
| Amounts payable after more than one year | 17 | €2,129,643 | €2,008,511 | -€121,132 | -5.7% |
| Financial debts | 170/4 | €2,129,643 | €2,008,511 | -€121,132 | -5.7% |
| Amounts payable within one year | 42/48 | €147,619 | €179,537 | +€31,918 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €117,499 | €121,132 | +€3,633 | +3.1% |
| Trade debts | 44 | €5,356 | €650 | -€4,706 | -87.9% |
| Suppliers | 440/4 | €5,356 | €650 | -€4,706 | -87.9% |
| Taxes, remuneration and social security | 45 | €24,764 | €36,754 | +€11,991 | +48.4% |
| Taxes | 450/3 | €24,764 | €36,754 | +€11,991 | +48.4% |
| Other amounts payable | 47/48 | - | €21,000 | +€21,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,852 | €29,717 | -€4,135 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,500 | -€17,500 | -€35,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,000 | -€3,418 | -€18,418 | |
| Other operating charges | 640/8 | €32,246 | €52,613 | +€20,366 | +63.2% |
| Gross operating margin | 9900 | €176,698 | €148,001 | -€28,697 | -16.2% |
| Operating profit (loss) | 9901 | €78,100 | €86,590 | +€8,490 | +10.9% |
| Financial income | 75/76B | €64,115 | €63,952 | -€164 | -0.3% |
| Recurring financial income | 75 | €64,115 | €63,952 | -€164 | -0.3% |
| Financial charges | 65/66B | €68,086 | €65,088 | -€2,998 | -4.4% |
| Recurring financial charges | 65 | €68,086 | €65,088 | -€2,998 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €74,129 | €85,453 | +€11,324 | +15.3% |
| Income taxes | 67/77 | €4,443 | €38,312 | +€33,869 | +762.3% |
| Profit (loss) for the period | 9904 | €69,686 | €47,141 | -€22,545 | -32.4% |
| Transfer to tax-exempt reserves | 689 | - | €25,260 | +€25,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,686 | €21,881 | -€47,805 | -68.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.