APE STORE: 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.
APE STORE
Largest movements
- Receivables within one year -€27,998
down €27,998 (-61.6%), from €45,436 to €17,438
of which Trade receivables: -€20,134
- Cash -€9,808
down €9,808 (-79.2%), from €12,382 to €2,574
mainly Trade debts (-€40,072) and Investment in fixed assets (net) (-€34,157)
- Tangible fixed assets +€5,717
up €5,717 (+9.5%), from €60,030 to €65,747
of which Plant, machinery and equipment: +€12,985
- Stocks and contracts -€2,457
down €2,457 (-34.4%), from €7,149 to €4,692
- Trade debts -€40,072
down €40,072 (-92.9%), from €43,121 to €3,049
- Other debts +€18,500
up €18,500 (+9970.9%), from €186 to €18,686
- Profit (loss) carried forward +€18,179
up €18,179 (+68.5%), from €26,551 to €44,730
- Debts after one year -€12,020
down €12,020 (-82.2%), from €14,629 to €2,609
- Advances received -€9,740
no longer reported in 2025 (was €9,740)
- Gross operating margin +€26,398
up €26,398 (+61.6%), from €42,855 to €69,253
- Depreciation +€6,202
up €6,202 (+27.9%), from €22,239 to €28,441
- Other operating charges +€5,196
up €5,196 (+998.0%), from €521 to €5,716
- Taxes +€3,401
up €3,401 (+95.9%), from €3,545 to €6,945
- Financial charges -€738
down €738 (-27.2%), from €2,717 to €1,979
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 | €124,996 | €91,555 | -€33,442 | -26.8% |
| Fixed assets | 21/28 | €60,030 | €65,747 | +€5,717 | +9.5% |
| Tangible fixed assets | 22/27 | €60,030 | €65,747 | +€5,717 | +9.5% |
| Plant, machinery and equipment | 23 | €11,348 | €24,334 | +€12,985 | +114.4% |
| Furniture and vehicles | 24 | €48,682 | €41,413 | -€7,269 | -14.9% |
| Current assets | 29/58 | €64,967 | €25,808 | -€39,159 | -60.3% |
| Stocks and contracts in progress | 3 | €7,149 | €4,692 | -€2,457 | -34.4% |
| Stocks | 30/36 | €7,149 | €4,692 | -€2,457 | -34.4% |
| Amounts receivable within one year | 40/41 | €45,436 | €17,438 | -€27,998 | -61.6% |
| Trade receivables | 40 | €37,572 | €17,438 | -€20,134 | -53.6% |
| Other amounts receivable | 41 | €7,864 | - | -€7,864 | |
| Cash at bank and in hand | 54/58 | €12,382 | €2,574 | -€9,808 | -79.2% |
| Deferred charges and accrued income | 490/1 | - | €1,104 | +€1,104 | |
| Total equity and liabilities | 10/49 | €124,996 | €91,555 | -€33,442 | -26.8% |
| Equity | 10/15 | €29,051 | €47,230 | +€18,179 | +62.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,551 | €44,730 | +€18,179 | +68.5% |
| Amounts payable | 17/49 | €95,945 | €44,324 | -€51,621 | -53.8% |
| Amounts payable after more than one year | 17 | €14,629 | €2,609 | -€12,020 | -82.2% |
| Financial debts | 170/4 | €14,629 | €2,609 | -€12,020 | -82.2% |
| Amounts payable within one year | 42/48 | €78,316 | €41,715 | -€36,601 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €17,436 | €12,020 | -€5,416 | -31.1% |
| Trade debts | 44 | €43,121 | €3,049 | -€40,072 | -92.9% |
| Suppliers | 440/4 | €43,121 | €3,049 | -€40,072 | -92.9% |
| Advances received on contracts in progress | 46 | €9,740 | - | -€9,740 | |
| Taxes, remuneration and social security | 45 | €7,833 | €7,960 | +€127 | +1.6% |
| Taxes | 450/3 | €7,833 | €7,960 | +€127 | +1.6% |
| Other amounts payable | 47/48 | €186 | €18,686 | +€18,500 | +9970.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,239 | €28,441 | +€6,202 | +27.9% |
| Other operating charges | 640/8 | €521 | €5,716 | +€5,196 | +998.0% |
| Non-recurring operating charges | 66A | - | €8,186 | +€8,186 | |
| Gross operating margin | 9900 | €42,855 | €69,253 | +€26,398 | +61.6% |
| Operating profit (loss) | 9901 | €20,095 | €26,910 | +€6,815 | +33.9% |
| Financial income | 75/76B | €12 | €193 | +€181 | +1464.0% |
| Recurring financial income | 75 | €12 | €193 | +€181 | +1464.0% |
| Financial charges | 65/66B | €2,717 | €1,979 | -€738 | -27.2% |
| Recurring financial charges | 65 | €2,717 | €1,979 | -€738 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €17,391 | €25,124 | +€7,734 | +44.5% |
| Income taxes | 67/77 | €3,545 | €6,945 | +€3,401 | +95.9% |
| Profit (loss) for the period | 9904 | €13,846 | €18,179 | +€4,333 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,846 | €18,179 | +€4,333 | +31.3% |
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.