LITTLE APO: 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.
LITTLE APO
Largest movements
- Cash -€78,589
down €78,589 (-53.0%), from €148,276 to €69,688
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€24,476)
- Receivables within one year +€11,955
up €11,955 (+246%), from €4,851 to €16,806
of which Other amounts receivable: +€11,955
- Deferred charges and accrued income +€2,585
up €2,585 (+55.2%), from €4,679 to €7,264
- Profit (loss) carried forward -€95,116
down €95,116, from €86,549 to -€8,567
- Debts after one year +€15,324
new in 2025: €15,324
- Current portion of long-term debt +€5,987
new in 2025: €5,987
- Other debts +€5,986
up €5,986, from €0 to €5,986
- Trade debts +€2,466
up €2,466 (+24.1%), from €10,244 to €12,711
- Staff costs +€57,186
up €57,186 (+18.1%), from €315,333 to €372,520
- Gross operating margin +€19,002
up €19,002 (+4.7%), from €400,841 to €419,844
- Financial charges -€8,339
down €8,339 (-56.4%), from €14,784 to €6,445
- Taxes -€5,902
down €5,902 (-56.3%), from €10,475 to €4,574
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.
Derived cash bridge
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 | €230,390 | €166,193 | -€64,197 | -27.9% |
| Fixed assets | 21/28 | €68,084 | €67,936 | -€148 | -0.2% |
| Tangible fixed assets | 22/27 | €68,084 | €67,936 | -€148 | -0.2% |
| Land and buildings | 22 | €17,622 | €0 | -€17,622 | -100% |
| Plant, machinery and equipment | 23 | €16,889 | €32,060 | +€15,171 | +89.8% |
| Furniture and vehicles | 24 | €15,644 | €8,976 | -€6,667 | -42.6% |
| Other tangible fixed assets | 26 | €17,930 | €26,900 | +€8,970 | +50.0% |
| Current assets | 29/58 | €162,306 | €98,257 | -€64,049 | -39.5% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,851 | €16,806 | +€11,955 | +246% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,851 | €16,806 | +€11,955 | +246% |
| Cash at bank and in hand | 54/58 | €148,276 | €69,688 | -€78,589 | -53.0% |
| Deferred charges and accrued income | 490/1 | €4,679 | €7,264 | +€2,585 | +55.2% |
| Total equity and liabilities | 10/49 | €230,390 | €166,193 | -€64,197 | -27.9% |
| Equity | 10/15 | €176,932 | €81,816 | -€95,116 | -53.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,382 | €85,382 | = | 0.0% |
| Distributable reserves | 133 | €85,382 | €85,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,549 | -€8,567 | -€95,116 | |
| Amounts payable | 17/49 | €53,458 | €84,377 | +€30,919 | +57.8% |
| Amounts payable after more than one year | 17 | - | €15,324 | +€15,324 | |
| Financial debts | 170/4 | - | €15,324 | +€15,324 | |
| Amounts payable within one year | 42/48 | €52,478 | €69,053 | +€16,575 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,987 | +€5,987 | |
| Trade debts | 44 | €10,244 | €12,711 | +€2,466 | +24.1% |
| Suppliers | 440/4 | €10,244 | €12,711 | +€2,466 | +24.1% |
| Taxes, remuneration and social security | 45 | €42,234 | €44,370 | +€2,136 | +5.1% |
| Taxes | 450/3 | €9,324 | €6,023 | -€3,300 | -35.4% |
| Remuneration and social security | 454/9 | €32,910 | €38,346 | +€5,436 | +16.5% |
| Other amounts payable | 47/48 | €0 | €5,986 | +€5,986 | |
| Accrued charges and deferred income | 492/3 | €980 | €0 | -€980 | -100% |
| Remuneration, social security and pensions | 62 | €315,333 | €372,520 | +€57,186 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,281 | €24,624 | +€2,343 | +10.5% |
| Other operating charges | 640/8 | €4,437 | €6,920 | +€2,482 | +55.9% |
| Gross operating margin | 9900 | €400,841 | €419,844 | +€19,002 | +4.7% |
| Operating profit (loss) | 9901 | €58,790 | €15,780 | -€43,010 | -73.2% |
| Financial income | 75/76B | €24 | €123 | +€99 | +411% |
| Recurring financial income | 75 | €24 | €123 | +€99 | +411% |
| Financial charges | 65/66B | €14,784 | €6,445 | -€8,339 | -56.4% |
| Recurring financial charges | 65 | €14,784 | €6,445 | -€8,339 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €44,030 | €9,458 | -€34,572 | -78.5% |
| Income taxes | 67/77 | €10,475 | €4,574 | -€5,902 | -56.3% |
| Profit (loss) for the period | 9904 | €33,554 | €4,884 | -€28,670 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,554 | €4,884 | -€28,670 | -85.4% |
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 22 October 2026 via checked.be.