D-APOSTROPHE: 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.
D-APOSTROPHE
Largest movements
- Tangible fixed assets +€44,265
up €44,265 (+2851.9%), from €1,552 to €45,817
of which Furniture and vehicles: +€44,843
- Cash +€23,665
up €23,665 (+48.2%), from €49,077 to €72,742
mainly Net result for the year (+€30,643) and Debts after one year (+€30,028)
- Receivables within one year +€9,848
up €9,848 (+19.2%), from €51,286 to €61,134
of which Other amounts receivable: +€8,918
- Reserves +€30,643
up €30,643 (+181.3%), from €16,906 to €47,549
- Debts after one year +€30,028
new in 2025: €30,028
- Tax, wage and social debts +€8,868
up €8,868 (+213.1%), from €4,162 to €13,030
- Current portion of long-term debt +€7,466
up €7,466 (+571.0%), from €1,307 to €8,774
- Trade debts +€2,343
up €2,343 (+745.0%), from €315 to €2,658
- Gross operating margin +€24,259
up €24,259 (+94.1%), from €25,778 to €50,037
- Taxes +€4,706
up €4,706 (+51.4%), from €9,162 to €13,868
- Depreciation +€3,553
up €3,553 (+615.2%), from €578 to €4,131
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 | €101,915 | €181,264 | +€79,349 | +77.9% |
| Fixed assets | 21/28 | €1,552 | €45,817 | +€44,265 | +2851.9% |
| Tangible fixed assets | 22/27 | €1,552 | €45,817 | +€44,265 | +2851.9% |
| Plant, machinery and equipment | 23 | €1,552 | €974 | -€578 | -37.2% |
| Furniture and vehicles | 24 | - | €44,843 | +€44,843 | |
| Current assets | 29/58 | €100,363 | €135,446 | +€35,084 | +35.0% |
| Amounts receivable within one year | 40/41 | €51,286 | €61,134 | +€9,848 | +19.2% |
| Trade receivables | 40 | €9,202 | €10,132 | +€930 | +10.1% |
| Other amounts receivable | 41 | €42,084 | €51,002 | +€8,918 | +21.2% |
| Cash at bank and in hand | 54/58 | €49,077 | €72,742 | +€23,665 | +48.2% |
| Deferred charges and accrued income | 490/1 | - | €1,570 | +€1,570 | |
| Total equity and liabilities | 10/49 | €101,915 | €181,264 | +€79,349 | +77.9% |
| Equity | 10/15 | €96,131 | €126,774 | +€30,643 | +31.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,906 | €47,549 | +€30,643 | +181.3% |
| Distributable reserves | 133 | €16,906 | €47,549 | +€30,643 | +181.3% |
| Profit (loss) carried forward | 14 | €73,026 | €73,026 | = | 0.0% |
| Amounts payable | 17/49 | €5,784 | €54,489 | +€48,706 | +842.1% |
| Amounts payable after more than one year | 17 | - | €30,028 | +€30,028 | |
| Financial debts | 170/4 | - | €30,028 | +€30,028 | |
| Amounts payable within one year | 42/48 | €5,784 | €24,462 | +€18,678 | +322.9% |
| Current portion of amounts payable after more than one year | 42 | €1,307 | €8,774 | +€7,466 | +571.0% |
| Trade debts | 44 | €315 | €2,658 | +€2,343 | +745.0% |
| Suppliers | 440/4 | €315 | €2,658 | +€2,343 | +745.0% |
| Taxes, remuneration and social security | 45 | €4,162 | €13,030 | +€8,868 | +213.1% |
| Taxes | 450/3 | €4,162 | €13,030 | +€8,868 | +213.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €4,131 | +€3,553 | +615.2% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €25,778 | €50,037 | +€24,259 | +94.1% |
| Operating profit (loss) | 9901 | €25,082 | €45,786 | +€20,704 | +82.5% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | €1,015 | €1,376 | +€361 | +35.6% |
| Recurring financial charges | 65 | €1,015 | €1,376 | +€361 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €24,067 | €44,511 | +€20,444 | +84.9% |
| Income taxes | 67/77 | €9,162 | €13,868 | +€4,706 | +51.4% |
| Profit (loss) for the period | 9904 | €14,906 | €30,643 | +€15,737 | +105.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,906 | €30,643 | +€15,737 | +105.6% |
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 11 October 2026 via checked.be.