R.APR: 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.
R.APR
Largest movements
- Cash +€54,362
up €54,362 (+134%), from €40,468 to €94,831
mainly Net result for the year (+€46,645) and Depreciation (+€36,586)
- Tangible fixed assets -€30,897
down €30,897 (-29.2%), from €105,922 to €75,025
of which Other tangible fixed assets: -€23,836
- Receivables within one year +€9,428
up €9,428 (+30.7%), from €30,757 to €40,186
of which Trade receivables: +€6,997
- Stocks and contracts -€2,594
down €2,594 (-26.0%), from €9,960 to €7,366
- Profit (loss) carried forward +€46,645
up €46,645 (+133%), from €35,022 to €81,667
- Current portion of long-term debt -€28,113
no longer reported in 2025 (was €28,113)
- Trade debts +€14,705
up €14,705 (+28.1%), from €52,420 to €67,125
- Other debts -€11,407
down €11,407 (-90.8%), from €12,570 to €1,163
- Tax, wage and social debts +€8,624
up €8,624 (+18.2%), from €47,397 to €56,021
of which Remuneration and social security: +€4,965
- Gross operating margin +€37,322
up €37,322 (+13.7%), from €272,029 to €309,351
- Staff costs +€21,231
up €21,231 (+11.2%), from €189,717 to €210,949
- Other operating charges -€4,084
down €4,084 (-60.0%), from €6,809 to €2,725
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 | €197,595 | €226,436 | +€28,841 | +14.6% |
| Fixed assets | 21/28 | €105,922 | €75,025 | -€30,897 | -29.2% |
| Tangible fixed assets | 22/27 | €105,922 | €75,025 | -€30,897 | -29.2% |
| Furniture and vehicles | 24 | €19,222 | €12,161 | -€7,061 | -36.7% |
| Other tangible fixed assets | 26 | €86,700 | €62,864 | -€23,836 | -27.5% |
| Current assets | 29/58 | €91,673 | €151,411 | +€59,738 | +65.2% |
| Stocks and contracts in progress | 3 | €9,960 | €7,366 | -€2,594 | -26.0% |
| Stocks | 30/36 | €9,960 | €7,366 | -€2,594 | -26.0% |
| Amounts receivable within one year | 40/41 | €30,757 | €40,186 | +€9,428 | +30.7% |
| Trade receivables | 40 | €2,501 | €9,498 | +€6,997 | +280% |
| Other amounts receivable | 41 | €28,256 | €30,688 | +€2,431 | +8.6% |
| Cash at bank and in hand | 54/58 | €40,468 | €94,831 | +€54,362 | +134% |
| Deferred charges and accrued income | 490/1 | €10,487 | €9,028 | -€1,458 | -13.9% |
| Total equity and liabilities | 10/49 | €197,595 | €226,436 | +€28,841 | +14.6% |
| Equity | 10/15 | €55,482 | €102,127 | +€46,645 | +84.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,022 | €81,667 | +€46,645 | +133% |
| Amounts payable | 17/49 | €142,113 | €124,309 | -€17,804 | -12.5% |
| Amounts payable within one year | 42/48 | €140,851 | €124,309 | -€16,542 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €28,113 | - | -€28,113 | |
| Trade debts | 44 | €52,420 | €67,125 | +€14,705 | +28.1% |
| Suppliers | 440/4 | €52,420 | €67,125 | +€14,705 | +28.1% |
| Advances received on contracts in progress | 46 | €351 | - | -€351 | |
| Taxes, remuneration and social security | 45 | €47,397 | €56,021 | +€8,624 | +18.2% |
| Taxes | 450/3 | €13,869 | €17,529 | +€3,660 | +26.4% |
| Remuneration and social security | 454/9 | €33,528 | €38,493 | +€4,965 | +14.8% |
| Other amounts payable | 47/48 | €12,570 | €1,163 | -€11,407 | -90.8% |
| Accrued charges and deferred income | 492/3 | €1,262 | - | -€1,262 | |
| Non-recurring operating income | 76A | €1,357 | - | -€1,357 | |
| Remuneration, social security and pensions | 62 | €189,717 | €210,949 | +€21,231 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,671 | €36,586 | +€1,915 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,365 | - | -€1,365 | |
| Other operating charges | 640/8 | €6,809 | €2,725 | -€4,084 | -60.0% |
| Gross operating margin | 9900 | €272,029 | €309,351 | +€37,322 | +13.7% |
| Operating profit (loss) | 9901 | €39,467 | €59,091 | +€19,624 | +49.7% |
| Financial income | 75/76B | €49 | €178 | +€129 | +261% |
| Recurring financial income | 75 | €49 | €178 | +€129 | +261% |
| Financial charges | 65/66B | €9,025 | €10,778 | +€1,753 | +19.4% |
| Recurring financial charges | 65 | €8,500 | €10,778 | +€2,278 | +26.8% |
| Non-recurring financial charges | 66B | €525 | - | -€525 | |
| Profit (loss) for the period before taxes | 9903 | €30,491 | €48,491 | +€18,000 | +59.0% |
| Income taxes | 67/77 | €465 | €1,846 | +€1,381 | +297% |
| Profit (loss) for the period | 9904 | €30,026 | €46,645 | +€16,619 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,026 | €46,645 | +€16,619 | +55.3% |
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 24 October 2026 via checked.be.