Apelles: 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.
Apelles
Largest movements
- Tangible fixed assets +€3,558
up €3,558 (+24.9%), from €14,284 to €17,842
of which Furniture and vehicles: +€5,777
- Receivables within one year +€1,290
up €1,290 (+18.7%), from €6,903 to €8,192
of which Trade receivables: +€1,291
- Cash -€787
down €787 (-80.6%), from €976 to €189
mainly Investment in fixed assets (net) (-€6,306) and Receivables within one year (-€1,290)
- Other debts +€3,214
up €3,214 (+17.6%), from €18,260 to €21,475
- Profit (loss) carried forward +€1,235
up €1,235 (+44.7%), from -€2,761 to -€1,525
- Trade debts -€1,033
down €1,033 (-73.7%), from €1,402 to €369
- Tax, wage and social debts +€526
up €526 (+15.3%), from €3,444 to €3,970
of which Remuneration and social security: +€878
- Other operating charges +€6,799
up €6,799 (+1,513%), from €449 to €7,248
- Gross operating margin +€6,795
up €6,795 (+137%), from €4,949 to €11,744
- Taxes +€201
up €201 (+157%), from €128 to €329
- Financial charges -€175
down €175 (-48.7%), from €359 to €184
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 | €23,782 | €27,725 | +€3,943 | +16.6% |
| Fixed assets | 21/28 | €14,284 | €17,842 | +€3,558 | +24.9% |
| Tangible fixed assets | 22/27 | €14,284 | €17,842 | +€3,558 | +24.9% |
| Furniture and vehicles | 24 | €332 | €6,109 | +€5,777 | +1,738% |
| Other tangible fixed assets | 26 | €13,951 | €11,733 | -€2,219 | -15.9% |
| Current assets | 29/58 | €9,498 | €9,883 | +€385 | +4.1% |
| Amounts receivable within one year | 40/41 | €6,903 | €8,192 | +€1,290 | +18.7% |
| Trade receivables | 40 | €6,655 | €7,946 | +€1,291 | +19.4% |
| Other amounts receivable | 41 | €248 | €247 | -€1 | -0.5% |
| Cash at bank and in hand | 54/58 | €976 | €189 | -€787 | -80.6% |
| Deferred charges and accrued income | 490/1 | €1,620 | €1,502 | -€118 | -7.3% |
| Total equity and liabilities | 10/49 | €23,782 | €27,725 | +€3,943 | +16.6% |
| Equity | 10/15 | €676 | €1,911 | +€1,235 | +183% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €936 | €936 | = | 0.0% |
| Distributable reserves | 133 | €936 | €936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,761 | -€1,525 | +€1,235 | +44.7% |
| Amounts payable | 17/49 | €23,106 | €25,814 | +€2,708 | +11.7% |
| Amounts payable within one year | 42/48 | €23,106 | €25,814 | +€2,708 | +11.7% |
| Trade debts | 44 | €1,402 | €369 | -€1,033 | -73.7% |
| Suppliers | 440/4 | €1,402 | €369 | -€1,033 | -73.7% |
| Taxes, remuneration and social security | 45 | €3,444 | €3,970 | +€526 | +15.3% |
| Taxes | 450/3 | €1,931 | €1,579 | -€352 | -18.2% |
| Remuneration and social security | 454/9 | €1,514 | €2,392 | +€878 | +58.0% |
| Other amounts payable | 47/48 | €18,260 | €21,475 | +€3,214 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,699 | €2,748 | +€50 | +1.8% |
| Other operating charges | 640/8 | €449 | €7,248 | +€6,799 | +1,513% |
| Gross operating margin | 9900 | €4,949 | €11,744 | +€6,795 | +137% |
| Operating profit (loss) | 9901 | €1,801 | €1,748 | -€53 | -2.9% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100% |
| Financial charges | 65/66B | €359 | €184 | -€175 | -48.7% |
| Recurring financial charges | 65 | €359 | €184 | -€175 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €1,461 | €1,564 | +€104 | +7.1% |
| Income taxes | 67/77 | €128 | €329 | +€201 | +157% |
| Profit (loss) for the period | 9904 | €1,333 | €1,235 | -€97 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,333 | €1,235 | -€97 | -7.3% |
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 25 October 2026 via checked.be.