APELLON: 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.
APELLON
Largest movements
- Current investments +€38,604
up €38,604 (+76.2%), from €50,672 to €89,276
- Receivables within one year +€29,320
up €29,320 (+208.5%), from €14,060 to €43,380
of which Other amounts receivable: +€17,246
- Tangible fixed assets -€12,569
down €12,569 (-27.6%), from €45,573 to €33,004
of which Furniture and vehicles: -€12,208
- Profit (loss) carried forward +€56,813
up €56,813 (+40.3%), from €140,986 to €197,799
- Gross operating margin +€9,914
up €9,914 (+13.4%), from €73,824 to €83,739
- Taxes +€1,948
up €1,948 (+15.5%), from €12,527 to €14,475
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 | €154,548 | €210,858 | +€56,311 | +36.4% |
| Fixed assets | 21/28 | €45,573 | €33,004 | -€12,569 | -27.6% |
| Tangible fixed assets | 22/27 | €45,573 | €33,004 | -€12,569 | -27.6% |
| Furniture and vehicles | 24 | €44,882 | €32,673 | -€12,208 | -27.2% |
| Other tangible fixed assets | 26 | €692 | €331 | -€361 | -52.2% |
| Current assets | 29/58 | €108,974 | €177,854 | +€68,880 | +63.2% |
| Amounts receivable within one year | 40/41 | €14,060 | €43,380 | +€29,320 | +208.5% |
| Trade receivables | 40 | €12,489 | €24,563 | +€12,074 | +96.7% |
| Other amounts receivable | 41 | €1,570 | €18,817 | +€17,246 | +1098.2% |
| Current investments | 50/53 | €50,672 | €89,276 | +€38,604 | +76.2% |
| Cash at bank and in hand | 54/58 | €41,860 | €42,291 | +€431 | +1.0% |
| Deferred charges and accrued income | 490/1 | €2,383 | €2,908 | +€524 | +22.0% |
| Total equity and liabilities | 10/49 | €154,548 | €210,858 | +€56,311 | +36.4% |
| Equity | 10/15 | €143,486 | €200,299 | +€56,813 | +39.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,986 | €197,799 | +€56,813 | +40.3% |
| Amounts payable | 17/49 | €11,062 | €10,560 | -€502 | -4.5% |
| Amounts payable within one year | 42/48 | €11,062 | €10,560 | -€502 | -4.5% |
| Financial debts | 43 | €53 | €18 | -€35 | -65.8% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €53 | €18 | -€35 | -65.8% |
| Trade debts | 44 | €543 | €634 | +€91 | +16.8% |
| Suppliers | 440/4 | €543 | €634 | +€91 | +16.8% |
| Taxes, remuneration and social security | 45 | €9,607 | €9,907 | +€300 | +3.1% |
| Taxes | 450/3 | €9,607 | €9,907 | +€300 | +3.1% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,147 | €12,569 | +€423 | +3.5% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €73,824 | €83,739 | +€9,914 | +13.4% |
| Operating profit (loss) | 9901 | €61,677 | €71,025 | +€9,348 | +15.2% |
| Financial income | 75/76B | €301 | €672 | +€371 | +123.6% |
| Recurring financial income | 75 | €301 | €672 | +€371 | +123.6% |
| Financial charges | 65/66B | €562 | €409 | -€152 | -27.1% |
| Recurring financial charges | 65 | €562 | €409 | -€152 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €61,417 | €71,288 | +€9,871 | +16.1% |
| Income taxes | 67/77 | €12,527 | €14,475 | +€1,948 | +15.5% |
| Profit (loss) for the period | 9904 | €48,889 | €56,813 | +€7,924 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,889 | €56,813 | +€7,924 | +16.2% |
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 5 October 2026 via checked.be.