APCO WORLDWIDE: 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.
What changed
APCO WORLDWIDE
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€61,710
2024 · €887,617-€949,326
Equity
€9.5m
2024 · €9.6m-€61,710
Cash
€516,577
2024 · €914,007-€397,430
Balance sheet total
€23.8m
2024 · €22.5m+€1.2m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+7.3%), from €17.5m to €18.8m
of which Trade receivables: +€1.4m
- Cash -€397,430
down €397,430 (-43.5%), from €914,007 to €516,577
mainly Receivables within one year (-€1.3m) and Investment in fixed assets (net) (-€381,789)
- Financial fixed assets +€363,600
up €363,600 (+9.3%), from €3.9m to €4.3m
of which Affiliated companies: +€353,600
Equity and liabilities
- Trade debts +€1.7m
up €1.7m (+15.2%), from €10.9m to €12.6m
Income statement
- Goods and materials -€1.6m
down €1.6m (-39.1%), from €4.1m to €2.5m
- Financial charges +€1.3m
up €1.3m (+13,163%), from €10,031 to €1.3m
- Turnover -€913,983
down €913,983 (-7.1%), from €13.0m to €12.0m
- Financial income -€510,274
down €510,274 (-83.8%), from €608,744 to €98,470
- Taxes -€416,438
down €416,438, from €395,548 to -€20,890
of which Taxes: -€284,250
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
€887,617
Turnover
-€913,983
Other operating income
-€67,773
Goods and materials
+€1.6m
Services and other goods
-€1,777
Staff costs
-€141,452
Depreciation
+€32,645
Other operating charges
-€34,357
Financial income
-€510,274
Financial charges
-€1.3m
Taxes
+€416,438
Result 2025
-€61,710
raises the resultlowers the result
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.
From operations
-€31,866
Investment
-€381,789
Financing
+€16,225
Cash 2024
€914,007
From operations (derived)
-€31,866
Net result for the year
-€61,710
Depreciation
+€61,391
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€23,689
Trade debts
+€1.7m
Tax, wage and social debts
-€166,412
Accrued charges and deferred income
-€218,560
Investment (derived)
-€381,789
Investment in fixed assets (net)
-€381,789
Financing
+€16,225
Debts after one year
+€16,225
Cash 2025
€516,577
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,549,121 | €23,776,405 | +€1.2m | +5.4% |
| Fixed assets | 21/28 | €4,032,507 | €4,352,905 | +€320,398 | +7.9% |
| Tangible fixed assets | 22/27 | €104,551 | €61,349 | -€43,202 | -41.3% |
| Plant, machinery and equipment | 23 | €84,844 | €46,836 | -€38,008 | -44.8% |
| Furniture and vehicles | 24 | €15,812 | €12,284 | -€3,527 | -22.3% |
| Other tangible fixed assets | 26 | €3,896 | €2,228 | -€1,667 | -42.8% |
| Financial fixed assets | 28 | €3,927,956 | €4,291,556 | +€363,600 | +9.3% |
| Affiliated companies | 280/1 | €3,905,056 | €4,258,656 | +€353,600 | +9.1% |
| Amounts receivable | 281 | €3,905,056 | €4,258,656 | +€353,600 | +9.1% |
| Other financial fixed assets | 284/8 | €22,900 | €32,900 | +€10,000 | +43.7% |
| Amounts receivable and cash guarantees | 285/8 | €22,900 | €32,900 | +€10,000 | +43.7% |
| Current assets | 29/58 | €18,516,614 | €19,423,500 | +€906,886 | +4.9% |
| Amounts receivable within one year | 40/41 | €17,493,819 | €18,774,445 | +€1.3m | +7.3% |
| Trade receivables | 40 | €17,307,673 | €18,701,018 | +€1.4m | +8.1% |
| Other amounts receivable | 41 | €186,146 | €73,427 | -€112,719 | -60.6% |
| Cash at bank and in hand | 54/58 | €914,007 | €516,577 | -€397,430 | -43.5% |
| Deferred charges and accrued income | 490/1 | €108,788 | €132,478 | +€23,689 | +21.8% |
| Total equity and liabilities | 10/49 | €22,549,121 | €23,776,405 | +€1.2m | +5.4% |
| Equity | 10/15 | €9,550,178 | €9,488,468 | -€61,710 | -0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €8,679 | €8,679 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,679 | €8,679 | = | 0.0% |
| Legal reserve | 130 | €8,679 | €8,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,479,499 | €9,417,789 | -€61,710 | -0.7% |
| Amounts payable | 17/49 | €12,998,943 | €14,287,937 | +€1.3m | +9.9% |
| Amounts payable after more than one year | 17 | €624,364 | €640,589 | +€16,225 | +2.6% |
| Financial debts | 170/4 | €624,364 | €640,589 | +€16,225 | +2.6% |
| Other loans | 174 | €624,364 | €640,589 | +€16,225 | +2.6% |
| Amounts payable within one year | 42/48 | €11,939,089 | €13,430,417 | +€1.5m | +12.5% |
| Trade debts | 44 | €10,899,056 | €12,556,796 | +€1.7m | +15.2% |
| Suppliers | 440/4 | €10,899,056 | €12,556,796 | +€1.7m | +15.2% |
| Taxes, remuneration and social security | 45 | €1,040,033 | €873,621 | -€166,412 | -16.0% |
| Taxes | 450/3 | €510,297 | €319,273 | -€191,024 | -37.4% |
| Remuneration and social security | 454/9 | €529,736 | €554,348 | +€24,612 | +4.6% |
| Accrued charges and deferred income | 492/3 | €435,490 | €216,931 | -€218,560 | -50.2% |
| Operating income | 70/76A | €13,121,849 | €12,140,092 | -€981,756 | -7.5% |
| Turnover | 70 | €12,963,858 | €12,049,874 | -€913,983 | -7.1% |
| Other operating income | 74 | €157,991 | €90,218 | -€67,773 | -42.9% |
| Operating charges | 60/66A | €12,437,398 | €10,990,804 | -€1.4m | -11.6% |
| Goods for resale, raw materials and consumables | 60 | €4,073,919 | €2,482,384 | -€1.6m | -39.1% |
| Purchases | 600/8 | €4,073,919 | €2,482,384 | -€1.6m | -39.1% |
| Services and other goods | 61 | €4,097,928 | €4,099,705 | +€1,777 | 0.0% |
| Remuneration, social security and pensions | 62 | €4,165,058 | €4,306,509 | +€141,452 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,036 | €61,391 | -€32,645 | -34.7% |
| Other operating charges | 640/8 | €6,457 | €40,814 | +€34,357 | +532% |
| Operating profit (loss) | 9901 | €684,451 | €1,149,289 | +€464,838 | +67.9% |
| Financial income | 75/76B | €608,744 | €98,470 | -€510,274 | -83.8% |
| Recurring financial income | 75 | €608,744 | €98,470 | -€510,274 | -83.8% |
| Other financial income | 752/9 | €608,744 | €98,470 | -€510,274 | -83.8% |
| Financial charges | 65/66B | €10,031 | €1,330,358 | +€1.3m | +13,163% |
| Recurring financial charges | 65 | €10,031 | €1,330,358 | +€1.3m | +13,163% |
| Other financial charges | 652/9 | €10,031 | €1,330,358 | +€1.3m | +13,163% |
| Profit (loss) for the period before taxes | 9903 | €1,283,164 | -€82,600 | -€1.4m | |
| Income taxes | 67/77 | €395,548 | -€20,890 | -€416,438 | |
| Taxes | 670/3 | €395,548 | €111,297 | -€284,250 | -71.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €132,187 | +€132,187 | |
| Profit (loss) for the period | 9904 | €887,617 | -€61,710 | -€949,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €887,617 | -€61,710 | -€949,326 |
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 19 October 2026 via checked.be.