APANGEO: 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.
APANGEO
Largest movements
- Receivables within one year -€117,572
down €117,572 (-12.8%), from €917,194 to €799,622
of which Other amounts receivable: -€177,044
- Cash -€28,803
down €28,803 (-41.1%), from €70,140 to €41,337
mainly Other debts (-€371,000) and Investment in fixed assets (net) (-€5,535)
- Other debts -€371,000
no longer reported in 2024 (was €371,000)
- Profit (loss) carried forward +€140,053
up €140,053 (+131.7%), from €106,307 to €246,360
- Tax, wage and social debts +€90,954
up €90,954 (+18.6%), from €489,098 to €580,052
- Gross operating margin +€49,857
up €49,857 (+33.0%), from €151,194 to €201,051
- Write-downs -€24,632
no longer reported in 2024 (was €24,632)
- Taxes +€20,258
up €20,258 (+59.6%), from €33,982 to €54,240
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €987,827 | €845,520 | -€142,307 | -14.4% |
| Fixed assets | 21/28 | €493 | €4,561 | +€4,068 | +825.2% |
| Tangible fixed assets | 22/27 | €493 | €4,561 | +€4,068 | +825.2% |
| Furniture and vehicles | 24 | €493 | €4,561 | +€4,068 | +825.2% |
| Current assets | 29/58 | €987,334 | €840,959 | -€146,375 | -14.8% |
| Amounts receivable within one year | 40/41 | €917,194 | €799,622 | -€117,572 | -12.8% |
| Trade receivables | 40 | €292,869 | €352,341 | +€59,472 | +20.3% |
| Other amounts receivable | 41 | €624,325 | €447,281 | -€177,044 | -28.4% |
| Cash at bank and in hand | 54/58 | €70,140 | €41,337 | -€28,803 | -41.1% |
| Total equity and liabilities | 10/49 | €987,827 | €845,520 | -€142,307 | -14.4% |
| Equity | 10/15 | €114,367 | €254,420 | +€140,053 | +122.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €106,307 | €246,360 | +€140,053 | +131.7% |
| Amounts payable | 17/49 | €873,460 | €591,100 | -€282,360 | -32.3% |
| Amounts payable within one year | 42/48 | €873,460 | €591,100 | -€282,360 | -32.3% |
| Trade debts | 44 | €13,362 | €11,048 | -€2,314 | -17.3% |
| Suppliers | 440/4 | €13,362 | €11,048 | -€2,314 | -17.3% |
| Taxes, remuneration and social security | 45 | €489,098 | €580,052 | +€90,954 | +18.6% |
| Taxes | 450/3 | €489,098 | €580,052 | +€90,954 | +18.6% |
| Other amounts payable | 47/48 | €371,000 | - | -€371,000 | |
| Remuneration, social security and pensions | 62 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €1,467 | +€1,049 | +251.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,632 | - | -€24,632 | |
| Other operating charges | 640/8 | €6,111 | €4,905 | -€1,206 | -19.7% |
| Gross operating margin | 9900 | €151,194 | €201,051 | +€49,857 | +33.0% |
| Operating profit (loss) | 9901 | €120,033 | €194,669 | +€74,636 | +62.2% |
| Financial income | 75/76B | €1,150 | €2 | -€1,148 | -99.8% |
| Recurring financial income | 75 | €1,150 | €2 | -€1,148 | -99.8% |
| Financial charges | 65/66B | €460 | €378 | -€82 | -17.8% |
| Recurring financial charges | 65 | €460 | €378 | -€82 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €120,723 | €194,293 | +€73,570 | +60.9% |
| Income taxes | 67/77 | €33,982 | €54,240 | +€20,258 | +59.6% |
| Profit (loss) for the period | 9904 | €86,741 | €140,053 | +€53,312 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,741 | €140,053 | +€53,312 | +61.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.