API TOGETHER: 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.
API TOGETHER
Largest movements
- Tangible fixed assets -€98,850
down €98,850 (-7.9%), from €1.2m to €1.1m
of which Land and buildings: -€91,575
- Receivables within one year +€95,040
up €95,040, from €0 to €95,040
- Other debts +€108,391
up €108,391 (+66.5%), from €163,047 to €271,437
- Debts after one year -€92,712
down €92,712 (-12.1%), from €763,798 to €671,087
- Profit (loss) carried forward -€24,572
down €24,572 (-36.2%), from €67,886 to €43,314
- Tax, wage and social debts +€15,924
up €15,924 (+336%), from €4,745 to €20,669
- Gross operating margin +€48,172
up €48,172 (+68.2%), from €70,597 to €118,768
- Depreciation +€26,050
up €26,050 (+32.9%), from €79,184 to €105,233
- Taxes +€20,684
up €20,684, from €0 to €20,684
- Financial charges +€5,522
up €5,522 (+40.8%), from €13,528 to €19,050
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 | €1,262,439 | €1,258,861 | -€3,577 | -0.3% |
| Fixed assets | 21/28 | €1,247,734 | €1,157,423 | -€90,311 | -7.2% |
| Intangible fixed assets | 21 | €3,174 | €8,713 | +€5,538 | +174% |
| Tangible fixed assets | 22/27 | €1,244,560 | €1,145,710 | -€98,850 | -7.9% |
| Land and buildings | 22 | €1,224,808 | €1,133,233 | -€91,575 | -7.5% |
| Furniture and vehicles | 24 | €19,752 | €12,478 | -€7,274 | -36.8% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €14,705 | €101,439 | +€86,734 | +590% |
| Amounts receivable within one year | 40/41 | €0 | €95,040 | +€95,040 | |
| Other amounts receivable | 41 | €0 | €95,040 | +€95,040 | |
| Cash at bank and in hand | 54/58 | €14,705 | €6,399 | -€8,306 | -56.5% |
| Total equity and liabilities | 10/49 | €1,262,439 | €1,258,861 | -€3,577 | -0.3% |
| Equity | 10/15 | €229,642 | €200,750 | -€28,892 | -12.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €88,171 | €88,171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €81,921 | €81,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,886 | €43,314 | -€24,572 | -36.2% |
| Investment grants | 15 | €11,085 | €6,765 | -€4,320 | -39.0% |
| Amounts payable | 17/49 | €1,032,797 | €1,058,112 | +€25,315 | +2.5% |
| Amounts payable after more than one year | 17 | €763,798 | €671,087 | -€92,712 | -12.1% |
| Financial debts | 170/4 | €763,798 | €671,087 | -€92,712 | -12.1% |
| Amounts payable within one year | 42/48 | €268,999 | €387,025 | +€118,026 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €90,844 | €92,712 | +€1,868 | +2.1% |
| Trade debts | 44 | €840 | €2,207 | +€1,367 | +163% |
| Suppliers | 440/4 | €840 | €2,207 | +€1,367 | +163% |
| Advances received on contracts in progress | 46 | €9,523 | €0 | -€9,523 | -100% |
| Taxes, remuneration and social security | 45 | €4,745 | €20,669 | +€15,924 | +336% |
| Taxes | 450/3 | €4,745 | €20,669 | +€15,924 | +336% |
| Other amounts payable | 47/48 | €163,047 | €271,437 | +€108,391 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,184 | €105,233 | +€26,050 | +32.9% |
| Other operating charges | 640/8 | €1,585 | €2,700 | +€1,115 | +70.3% |
| Gross operating margin | 9900 | €70,597 | €118,768 | +€48,172 | +68.2% |
| Operating profit (loss) | 9901 | -€10,173 | €10,835 | +€21,008 | |
| Financial income | 75/76B | €4,333 | €4,327 | -€6 | -0.1% |
| Recurring financial income | 75 | €4,333 | €4,327 | -€6 | -0.1% |
| Financial charges | 65/66B | €13,528 | €19,050 | +€5,522 | +40.8% |
| Recurring financial charges | 65 | €13,528 | €19,050 | +€5,522 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,367 | -€3,888 | +€15,480 | +79.9% |
| Income taxes | 67/77 | €0 | €20,684 | +€20,684 | |
| Profit (loss) for the period | 9904 | -€19,367 | -€24,572 | -€5,204 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,367 | -€24,572 | -€5,204 | -26.9% |
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.