APEIRON-CONSULT: 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.
APEIRON-CONSULT
Largest movements
- Current investments -€235,078
down €235,078 (-35.1%), from €669,716 to €434,638
- Cash +€129,252
up €129,252 (+234%), from €55,317 to €184,568
mainly Current investments (+€235,078) and Net result for the year (+€184,708)
- Receivables within one year +€27,215
up €27,215 (+61.5%), from €44,247 to €71,461
of which Trade receivables: +€27,215
- Other debts -€204,085
down €204,085 (-73.0%), from €279,378 to €75,292
- Reserves +€109,416
up €109,416 (+23.1%), from €472,865 to €582,280
- Tax, wage and social debts +€18,343
up €18,343 (+112%), from €16,441 to €34,784
of which Taxes: +€18,343
- Gross operating margin +€42,922
up €42,922 (+52.0%), from €82,468 to €125,390
- Taxes +€13,797
up €13,797 (+37.6%), from €36,694 to €50,491
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €809,663 | €729,929 | -€79,734 | -9.8% |
| Fixed assets | 21/28 | €38,951 | €38,486 | -€465 | -1.2% |
| Tangible fixed assets | 22/27 | €3,251 | €2,786 | -€465 | -14.3% |
| Plant, machinery and equipment | 23 | €2,051 | €1,586 | -€465 | -22.7% |
| Furniture and vehicles | 24 | €1,200 | €1,200 | = | 0.0% |
| Financial fixed assets | 28 | €35,700 | €35,700 | = | 0.0% |
| Current assets | 29/58 | €770,712 | €691,443 | -€79,269 | -10.3% |
| Amounts receivable within one year | 40/41 | €44,247 | €71,461 | +€27,215 | +61.5% |
| Trade receivables | 40 | €43,825 | €71,040 | +€27,215 | +62.1% |
| Other amounts receivable | 41 | €421 | €421 | = | 0.0% |
| Current investments | 50/53 | €669,716 | €434,638 | -€235,078 | -35.1% |
| Cash at bank and in hand | 54/58 | €55,317 | €184,568 | +€129,252 | +234% |
| Deferred charges and accrued income | 490/1 | €1,433 | €776 | -€657 | -45.9% |
| Total equity and liabilities | 10/49 | €809,663 | €729,929 | -€79,734 | -9.8% |
| Equity | 10/15 | €507,515 | €616,930 | +€109,416 | +21.6% |
| Contributions | 10/11 | €34,650 | €34,650 | = | 0.0% |
| Reserves | 13 | €472,865 | €582,280 | +€109,416 | +23.1% |
| Distributable reserves | 133 | €472,865 | €582,280 | +€109,416 | +23.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €302,148 | €112,999 | -€189,149 | -62.6% |
| Amounts payable within one year | 42/48 | €302,148 | €112,999 | -€189,149 | -62.6% |
| Trade debts | 44 | €6,330 | €2,922 | -€3,408 | -53.8% |
| Suppliers | 440/4 | €6,330 | €2,922 | -€3,408 | -53.8% |
| Taxes, remuneration and social security | 45 | €16,441 | €34,784 | +€18,343 | +112% |
| Taxes | 450/3 | €16,441 | €34,784 | +€18,343 | +112% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €279,378 | €75,292 | -€204,085 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900 | €465 | -€435 | -48.4% |
| Other operating charges | 640/8 | €1,086 | €400 | -€686 | -63.2% |
| Gross operating margin | 9900 | €82,468 | €125,390 | +€42,922 | +52.0% |
| Operating profit (loss) | 9901 | €80,483 | €124,525 | +€44,043 | +54.7% |
| Financial income | 75/76B | €110,316 | €111,381 | +€1,065 | +1.0% |
| Recurring financial income | 75 | €110,316 | €111,381 | +€1,065 | +1.0% |
| Financial charges | 65/66B | €1,249 | €707 | -€542 | -43.4% |
| Recurring financial charges | 65 | €1,249 | €707 | -€542 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €189,550 | €235,199 | +€45,650 | +24.1% |
| Income taxes | 67/77 | €36,694 | €50,491 | +€13,797 | +37.6% |
| Profit (loss) for the period | 9904 | €152,855 | €184,708 | +€31,853 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,855 | €184,708 | +€31,853 | +20.8% |
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 24 October 2026 via checked.be.