APELON: 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.
APELON
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€144,036
down €144,036 (-82.9%), from €173,663 to €29,627
mainly Current investments (-€150,000) and Tax, wage and social debts (-€23,216)
- Receivables within one year +€11,082
up €11,082 (+43.4%), from €25,507 to €36,589
of which Other amounts receivable: +€9,726
- Stocks and contracts -€7,436
no longer reported in 2025 (was €7,436)
- Reserves +€45,000
up €45,000 (+72.7%), from €61,860 to €106,860
- Tax, wage and social debts -€23,216
down €23,216 (-58.8%), from €39,479 to €16,262
of which Taxes: -€21,066
- Other debts -€17,171
down €17,171 (-56.8%), from €30,235 to €13,064
- Profit (loss) carried forward +€3,973
up €3,973 (+5.9%), from €67,144 to €71,117
- Financial charges +€19,560
up €19,560 (+36.0%), from €54,269 to €73,829
- Taxes -€5,368
down €5,368 (-20.7%), from €25,968 to €20,601
- Gross operating margin -€2,528
down €2,528 (-1.7%), from €147,175 to €144,647
- Financial income +€1,598
up €1,598 (+3195000.0%), from €0 to €1,598
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 | €208,924 | €217,619 | +€8,696 | +4.2% |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €208,864 | €217,560 | +€8,696 | +4.2% |
| Stocks and contracts in progress | 3 | €7,436 | - | -€7,436 | |
| Stocks | 30/36 | €7,436 | - | -€7,436 | |
| Amounts receivable within one year | 40/41 | €25,507 | €36,589 | +€11,082 | +43.4% |
| Trade receivables | 40 | €25,365 | €26,721 | +€1,356 | +5.3% |
| Other amounts receivable | 41 | €142 | €9,868 | +€9,726 | +6849.3% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €173,663 | €29,627 | -€144,036 | -82.9% |
| Deferred charges and accrued income | 490/1 | €2,258 | €1,344 | -€914 | -40.5% |
| Total equity and liabilities | 10/49 | €208,924 | €217,619 | +€8,696 | +4.2% |
| Equity | 10/15 | €135,204 | €184,177 | +€48,973 | +36.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,860 | €106,860 | +€45,000 | +72.7% |
| Distributable reserves | 133 | €61,860 | €106,860 | +€45,000 | +72.7% |
| Profit (loss) carried forward | 14 | €67,144 | €71,117 | +€3,973 | +5.9% |
| Amounts payable | 17/49 | €73,719 | €33,443 | -€40,277 | -54.6% |
| Amounts payable within one year | 42/48 | €73,219 | €33,443 | -€39,777 | -54.3% |
| Trade debts | 44 | €3,505 | €4,116 | +€611 | +17.4% |
| Suppliers | 440/4 | €3,505 | €4,116 | +€611 | +17.4% |
| Taxes, remuneration and social security | 45 | €39,479 | €16,262 | -€23,216 | -58.8% |
| Taxes | 450/3 | €28,729 | €7,662 | -€21,066 | -73.3% |
| Remuneration and social security | 454/9 | €10,750 | €8,600 | -€2,150 | -20.0% |
| Other amounts payable | 47/48 | €30,235 | €13,064 | -€17,171 | -56.8% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €1,418 | €1,418 | = | 0.0% |
| Other operating charges | 640/8 | €2,841 | €1,424 | -€1,417 | -49.9% |
| Gross operating margin | 9900 | €147,175 | €144,647 | -€2,528 | -1.7% |
| Operating profit (loss) | 9901 | €142,916 | €141,805 | -€1,111 | -0.8% |
| Financial income | 75/76B | €0 | €1,598 | +€1,598 | +3195000.0% |
| Recurring financial income | 75 | €0 | €1,598 | +€1,598 | +3195000.0% |
| Financial charges | 65/66B | €54,269 | €73,829 | +€19,560 | +36.0% |
| Recurring financial charges | 65 | €54,269 | €73,829 | +€19,560 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €88,647 | €69,573 | -€19,074 | -21.5% |
| Income taxes | 67/77 | €25,968 | €20,601 | -€5,368 | -20.7% |
| Profit (loss) for the period | 9904 | €62,678 | €48,973 | -€13,706 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,678 | €48,973 | -€13,706 | -21.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.