ADD - APT: 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.
ADD - APT
Largest movements
- Receivables within one year -€24,501
down €24,501 (-54.7%), from €44,828 to €20,327
of which Other amounts receivable: -€24,041
- Cash -€1,507
down €1,507 (-98.6%), from €1,528 to €21
mainly Short-term financial debts (-€75,000) and Net result for the year (-€6,721)
- Short-term financial debts -€75,000
down €75,000 (-100%), from €75,000 to €0
- Other debts +€30,495
new in 2025: €30,495
- Trade debts +€28,855
up €28,855 (+176%), from €16,372 to €45,227
- Profit (loss) carried forward -€6,721
down €6,721 (-4.1%), from -€162,050 to -€168,771
- Tax, wage and social debts -€2,965
down €2,965 (-47.8%), from €6,199 to €3,233
- Gross operating margin -€19,346
down €19,346, from €19,077 to -€269
- Taxes -€5,175
down €5,175 (-100%), from €5,175 to €0
- Other operating charges -€1,216
down €1,216 (-77.8%), from €1,562 to €346
- Financial charges -€1,078
down €1,078 (-15.0%), from €7,184 to €6,106
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 | €46,356 | €20,348 | -€26,008 | -56.1% |
| Current assets | 29/58 | €46,356 | €20,348 | -€26,008 | -56.1% |
| Amounts receivable within one year | 40/41 | €44,828 | €20,327 | -€24,501 | -54.7% |
| Trade receivables | 40 | €20,786 | €20,327 | -€460 | -2.2% |
| Other amounts receivable | 41 | €24,041 | €0 | -€24,041 | -100% |
| Cash at bank and in hand | 54/58 | €1,528 | €21 | -€1,507 | -98.6% |
| Total equity and liabilities | 10/49 | €46,356 | €20,348 | -€26,008 | -56.1% |
| Equity | 10/15 | -€94,993 | -€101,714 | -€6,721 | -7.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €48,308 | €48,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,433 | €46,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,050 | -€168,771 | -€6,721 | -4.1% |
| Amounts payable | 17/49 | €141,349 | €122,061 | -€19,287 | -13.6% |
| Amounts payable after more than one year | 17 | €18,278 | €16,278 | -€2,000 | -10.9% |
| Financial debts | 170/4 | €18,278 | €16,278 | -€2,000 | -10.9% |
| Amounts payable within one year | 42/48 | €122,571 | €105,283 | -€17,287 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €26,328 | +€1,328 | +5.3% |
| Financial debts | 43 | €75,000 | €0 | -€75,000 | -100% |
| Credit institutions | 430/8 | €75,000 | €0 | -€75,000 | -100% |
| Trade debts | 44 | €16,372 | €45,227 | +€28,855 | +176% |
| Suppliers | 440/4 | €16,372 | €45,227 | +€28,855 | +176% |
| Taxes, remuneration and social security | 45 | €6,199 | €3,233 | -€2,965 | -47.8% |
| Taxes | 450/3 | €6,199 | €3,233 | -€2,965 | -47.8% |
| Other amounts payable | 47/48 | - | €30,495 | +€30,495 | |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €1,562 | €346 | -€1,216 | -77.8% |
| Gross operating margin | 9900 | €19,077 | -€269 | -€19,346 | |
| Operating profit (loss) | 9901 | €17,515 | -€615 | -€18,130 | |
| Financial charges | 65/66B | €7,184 | €6,106 | -€1,078 | -15.0% |
| Recurring financial charges | 65 | €7,184 | €6,106 | -€1,078 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €10,332 | -€6,721 | -€17,052 | |
| Income taxes | 67/77 | €5,175 | €0 | -€5,175 | -100% |
| Profit (loss) for the period | 9904 | €5,157 | -€6,721 | -€11,877 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,157 | -€6,721 | -€11,877 |
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 23 October 2026 via checked.be.