APCOR R&M: 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.
APCOR R&M
Largest movements
- Tangible fixed assets -€2,771
no longer reported in 2025 (was €2,771)
- Receivables within one year +€1,124
up €1,124 (+45.7%), from €2,461 to €3,585
of which Trade receivables: +€908
- Cash -€215
down €215 (-34.7%), from €621 to €405
mainly Net result for the year (-€14,763) and Receivables within one year (-€1,124)
- Profit (loss) carried forward -€14,763
down €14,763 (-2.0%), from -€744,414 to -€759,177
- Other debts +€13,000
up €13,000 (+3.7%), from €347,700 to €360,700
- Trade debts -€86
down €86 (-2.0%), from €4,239 to €4,154
- Depreciation -€13,854
down €13,854 (-83.3%), from €16,625 to €2,771
- Gross operating margin +€1,310
up €1,310 (+10.3%), from -€12,717 to -€11,408
- Other operating charges -€374
down €374 (-40.8%), from €918 to €544
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,525 | €5,677 | -€1,848 | -24.6% |
| Fixed assets | 21/28 | €4,084 | €1,313 | -€2,771 | -67.9% |
| Tangible fixed assets | 22/27 | €2,771 | - | -€2,771 | |
| Plant, machinery and equipment | 23 | €2,771 | - | -€2,771 | |
| Financial fixed assets | 28 | €1,313 | €1,313 | = | 0.0% |
| Current assets | 29/58 | €3,442 | €4,364 | +€923 | +26.8% |
| Amounts receivable within one year | 40/41 | €2,461 | €3,585 | +€1,124 | +45.7% |
| Trade receivables | 40 | €1,815 | €2,723 | +€908 | +50.0% |
| Other amounts receivable | 41 | €646 | €863 | +€217 | +33.6% |
| Cash at bank and in hand | 54/58 | €621 | €405 | -€215 | -34.7% |
| Deferred charges and accrued income | 490/1 | €360 | €373 | +€14 | +3.8% |
| Total equity and liabilities | 10/49 | €7,525 | €5,677 | -€1,848 | -24.6% |
| Equity | 10/15 | -€344,414 | -€359,177 | -€14,763 | -4.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€744,414 | -€759,177 | -€14,763 | -2.0% |
| Amounts payable | 17/49 | €351,939 | €364,854 | +€12,914 | +3.7% |
| Amounts payable within one year | 42/48 | €351,939 | €364,854 | +€12,914 | +3.7% |
| Trade debts | 44 | €4,239 | €4,154 | -€86 | -2.0% |
| Suppliers | 440/4 | €4,239 | €4,154 | -€86 | -2.0% |
| Other amounts payable | 47/48 | €347,700 | €360,700 | +€13,000 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,625 | €2,771 | -€13,854 | -83.3% |
| Other operating charges | 640/8 | €918 | €544 | -€374 | -40.8% |
| Gross operating margin | 9900 | -€12,717 | -€11,408 | +€1,310 | +10.3% |
| Operating profit (loss) | 9901 | -€30,261 | -€14,722 | +€15,538 | +51.3% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,300 | -€14,763 | +€15,537 | +51.3% |
| Profit (loss) for the period | 9904 | -€30,300 | -€14,763 | +€15,537 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,300 | -€14,763 | +€15,537 | +51.3% |
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 9 October 2026 via checked.be.