Philippe APERS & Cie: 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.
Philippe APERS & Cie
Largest movements
- Receivables within one year -€9,304
down €9,304 (-17.9%), from €51,975 to €42,671
of which Trade receivables: -€12,436
- Cash +€2,742
up €2,742 (+236%), from €1,161 to €3,902
mainly Trade debts (+€35,378) and Receivables within one year (+€9,304)
- Tangible fixed assets -€2,538
down €2,538 (-57.6%), from €4,407 to €1,869
of which Furniture and vehicles: -€2,103
- Deferred charges and accrued income +€1,294
up €1,294 (+16.0%), from €8,071 to €9,365
- Trade debts +€35,378
up €35,378 (+225%), from €15,692 to €51,069
- Short-term financial debts -€30,898
no longer reported in 2025 (was €30,898)
- Profit (loss) carried forward -€29,103
down €29,103 (-1,429%), from -€2,037 to -€31,140
- Other debts +€5,727
up €5,727 (+950%), from €603 to €6,330
- Advances received +€5,000
new in 2025: €5,000
- Gross operating margin -€100,595
down €100,595 (-30.0%), from €334,849 to €234,254
- Staff costs -€43,133
down €43,133 (-14.9%), from €288,952 to €245,819
- Financial charges -€3,525
down €3,525 (-27.7%), from €12,708 to €9,183
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 | €77,213 | €69,407 | -€7,806 | -10.1% |
| Fixed assets | 21/28 | €4,607 | €2,069 | -€2,538 | -55.1% |
| Tangible fixed assets | 22/27 | €4,407 | €1,869 | -€2,538 | -57.6% |
| Plant, machinery and equipment | 23 | €180 | - | -€180 | |
| Furniture and vehicles | 24 | €2,253 | €151 | -€2,103 | -93.3% |
| Other tangible fixed assets | 26 | €1,973 | €1,718 | -€255 | -12.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €72,607 | €67,338 | -€5,269 | -7.3% |
| Stocks and contracts in progress | 3 | €11,400 | €11,400 | = | 0.0% |
| Stocks | 30/36 | €11,400 | €11,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,975 | €42,671 | -€9,304 | -17.9% |
| Trade receivables | 40 | €47,853 | €35,416 | -€12,436 | -26.0% |
| Other amounts receivable | 41 | €4,122 | €7,255 | +€3,132 | +76.0% |
| Cash at bank and in hand | 54/58 | €1,161 | €3,902 | +€2,742 | +236% |
| Deferred charges and accrued income | 490/1 | €8,071 | €9,365 | +€1,294 | +16.0% |
| Total equity and liabilities | 10/49 | €77,213 | €69,407 | -€7,806 | -10.1% |
| Equity | 10/15 | €17,563 | -€11,540 | -€29,103 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,037 | -€31,140 | -€29,103 | -1,429% |
| Amounts payable | 17/49 | €59,650 | €80,947 | +€21,296 | +35.7% |
| Amounts payable within one year | 42/48 | €59,650 | €79,792 | +€20,142 | +33.8% |
| Financial debts | 43 | €30,898 | - | -€30,898 | |
| Credit institutions | 430/8 | €30,898 | - | -€30,898 | |
| Trade debts | 44 | €15,692 | €51,069 | +€35,378 | +225% |
| Suppliers | 440/4 | €15,692 | €51,069 | +€35,378 | +225% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €12,458 | €17,393 | +€4,935 | +39.6% |
| Taxes | 450/3 | €2,228 | €1,924 | -€304 | -13.6% |
| Remuneration and social security | 454/9 | €10,230 | €15,469 | +€5,239 | +51.2% |
| Other amounts payable | 47/48 | €603 | €6,330 | +€5,727 | +950% |
| Accrued charges and deferred income | 492/3 | - | €1,155 | +€1,155 | |
| Remuneration, social security and pensions | 62 | €288,952 | €245,819 | -€43,133 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,566 | €2,538 | -€3,028 | -54.4% |
| Other operating charges | 640/8 | €830 | €1,457 | +€627 | +75.6% |
| Gross operating margin | 9900 | €334,849 | €234,254 | -€100,595 | -30.0% |
| Operating profit (loss) | 9901 | €39,502 | -€15,559 | -€55,061 | |
| Financial income | 75/76B | €1 | €62 | +€62 | +8,942% |
| Recurring financial income | 75 | €1 | €62 | +€62 | +8,942% |
| Financial charges | 65/66B | €12,708 | €9,183 | -€3,525 | -27.7% |
| Recurring financial charges | 65 | €12,708 | €9,183 | -€3,525 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €26,794 | -€24,680 | -€51,474 | |
| Income taxes | 67/77 | €6,231 | €4,423 | -€1,808 | -29.0% |
| Profit (loss) for the period | 9904 | €20,563 | -€29,103 | -€49,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,563 | -€29,103 | -€49,666 |
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 29 October 2026 via checked.be.