APALOCA: what changed
Two fiscal 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.
What changed
APALOCA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€30,022
2024 · €33,438-€3,416
Equity
€827,075
2024 · €817,053+€10,022
Cash
€86,989
2024 · €71,821+€15,168
Balance sheet total
€1.0m
2024 · €1.0m-€26,990
Largest movements
Assets
- Tangible fixed assets -€41,257
down €41,257 (-4.3%), from €952,615 to €911,358
of which Land and buildings: -€41,257
- Cash +€15,168
up €15,168 (+21.1%), from €71,821 to €86,989
mainly Depreciation (+€50,636) and Net result for the year (+€30,022)
Equity and liabilities
- Debts after one year -€29,000
down €29,000 (-100.0%), from €29,000 to €0
Income statement
- Purchases and services -€84,256
no longer reported in 2025 (was €84,256)
- Gross operating margin +€18,370
up €18,370 (+17.7%), from €103,723 to €122,094
- Taxes +€5,416
up €5,416 (+26.4%), from €20,542 to €25,958
- Other operating charges +€3,711
up €3,711 (+19.5%), from €19,018 to €22,729
- Financial charges -€2,704
down €2,704 (-82.4%), from €3,281 to €577
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.
Result 2024
€33,438
Gross operating margin
+€18,370
Depreciation
-€790
Other operating charges
-€3,711
Financial income
-€211
Financial charges
+€2,704
Taxes
-€5,416
Deferred taxes and other
-€14,363
Result 2025
€30,022
Cash bridge derived
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.
From operations
+€77,522
Investment
-€9,380
Financing
-€52,975
Cash 2024
€71,821
From operations (derived)
+€77,522
Net result for the year
+€30,022
Depreciation
+€50,636
Deferred charges and accrued income
+€901
Provisions
-€7,182
Trade debts
-€77
Tax, wage and social debts
-€954
Other debts
+€5,226
Accrued charges and deferred income
-€1,050
Investment (derived)
-€9,380
Investment in fixed assets (net)
-€9,380
Financing
-€52,975
Debts after one year
-€29,000
Short-term financial debts
-€3,975
Contributions, distributions and other
-€20,000
Cash 2025
€86,989
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,037,355 | €1,010,365 | -€26,990 | -2.6% |
| Fixed assets | 21/28 | €959,065 | €917,808 | -€41,257 | -4.3% |
| Tangible fixed assets | 22/27 | €952,615 | €911,358 | -€41,257 | -4.3% |
| Land and buildings | 22 | €952,615 | €911,358 | -€41,257 | -4.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €6,450 | €6,450 | = | 0.0% |
| Current assets | 29/58 | €78,290 | €92,556 | +€14,267 | +18.2% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €71,821 | €86,989 | +€15,168 | +21.1% |
| Deferred charges and accrued income | 490/1 | €6,469 | €5,568 | -€901 | -13.9% |
| Total equity and liabilities | 10/49 | €1,037,355 | €1,010,365 | -€26,990 | -2.6% |
| Equity | 10/15 | €817,053 | €827,075 | +€10,022 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €734,306 | €744,261 | +€9,955 | +1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €457,446 | €435,901 | -€21,545 | -4.7% |
| Distributable reserves | 133 | €275,000 | €306,500 | +€31,500 | +11.5% |
| Profit (loss) carried forward | 14 | €64,148 | €64,214 | +€67 | +0.1% |
| Provisions and deferred taxes | 16 | €152,482 | €145,300 | -€7,182 | -4.7% |
| Deferred taxes | 168 | €152,482 | €145,300 | -€7,182 | -4.7% |
| Amounts payable | 17/49 | €67,819 | €37,989 | -€29,830 | -44.0% |
| Amounts payable after more than one year | 17 | €29,000 | €0 | -€29,000 | -100.0% |
| Financial debts | 170/4 | €29,000 | €0 | -€29,000 | -100.0% |
| Amounts payable within one year | 42/48 | €32,619 | €32,839 | +€220 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €6,309 | €2,335 | -€3,975 | -63.0% |
| Credit institutions | 430/8 | €6,309 | €2,335 | -€3,975 | -63.0% |
| Trade debts | 44 | €1,155 | €1,078 | -€77 | -6.7% |
| Suppliers | 440/4 | €1,155 | €1,078 | -€77 | -6.7% |
| Taxes, remuneration and social security | 45 | €18,289 | €17,335 | -€954 | -5.2% |
| Taxes | 450/3 | €18,289 | €17,335 | -€954 | -5.2% |
| Other amounts payable | 47/48 | €6,866 | €12,092 | +€5,226 | +76.1% |
| Accrued charges and deferred income | 492/3 | €6,200 | €5,150 | -€1,050 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €84,256 | - | -€84,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,846 | €50,636 | +€790 | +1.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €19,018 | €22,729 | +€3,711 | +19.5% |
| Gross operating margin | 9900 | €103,723 | €122,094 | +€18,370 | +17.7% |
| Operating profit (loss) | 9901 | €34,859 | €48,728 | +€13,869 | +39.8% |
| Financial income | 75/76B | €858 | €647 | -€211 | -24.6% |
| Recurring financial income | 75 | €858 | €647 | -€211 | -24.6% |
| Financial charges | 65/66B | €3,281 | €577 | -€2,704 | -82.4% |
| Recurring financial charges | 65 | €3,281 | €577 | -€2,704 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €32,436 | €48,798 | +€16,363 | +50.4% |
| Transfer from deferred taxes | 780 | €21,545 | €7,182 | -€14,363 | -66.7% |
| Income taxes | 67/77 | €20,542 | €25,958 | +€5,416 | +26.4% |
| Profit (loss) for the period | 9904 | €33,438 | €30,022 | -€3,416 | -10.2% |
| Transfer from tax-exempt reserves | 789 | €7,182 | €21,545 | +€14,363 | +200.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,620 | €51,567 | +€10,947 | +26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.