APERI: 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.
APERI
Largest movements
- Receivables within one year -€353,064
down €353,064 (-58.8%), from €600,459 to €247,395
of which Trade receivables: -€347,188
- Stocks and contracts +€225,385
up €225,385 (+46.5%), from €484,778 to €710,163
of which Contracts in progress: +€190,480
- Intangible fixed assets -€79,885
down €79,885 (-5.8%), from €1.4m to €1.3m
- Profit (loss) carried forward -€320,346
down €320,346 (-42.0%), from -€763,437 to -€1.1m
- Trade debts +€200,315
up €200,315 (+509.3%), from €39,328 to €239,643
- Tax, wage and social debts +€84,297
up €84,297 (+41.6%), from €202,395 to €286,692
of which Taxes: +€50,139
- Debts after one year -€64,512
down €64,512 (-100.0%), from €64,512 to €0
- Short-term financial debts -€47,206
down €47,206 (-8.2%), from €575,769 to €528,563
- Financial income -€390,051
down €390,051 (-45.6%), from €855,827 to €465,776
- Gross operating margin +€119,939
up €119,939 (+42.5%), from €282,027 to €401,966
- Depreciation +€49,273
up €49,273 (+13.5%), from €365,050 to €414,324
- Staff costs -€17,433
down €17,433 (-2.5%), from €689,791 to €672,358
- Financial charges +€14,613
up €14,613 (+21.6%), from €67,749 to €82,362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,667,763 | €2,512,808 | -€154,955 | -5.8% |
| Fixed assets | 21/28 | €1,565,725 | €1,520,360 | -€45,365 | -2.9% |
| Intangible fixed assets | 21 | €1,382,410 | €1,302,524 | -€79,885 | -5.8% |
| Tangible fixed assets | 22/27 | €18,111 | €33,387 | +€15,276 | +84.3% |
| Land and buildings | 22 | €13,542 | €12,441 | -€1,102 | -8.1% |
| Furniture and vehicles | 24 | €4,569 | €20,947 | +€16,378 | +358.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €165,204 | €184,448 | +€19,244 | +11.6% |
| Current assets | 29/58 | €1,102,038 | €992,448 | -€109,590 | -9.9% |
| Stocks and contracts in progress | 3 | €484,778 | €710,163 | +€225,385 | +46.5% |
| Stocks | 30/36 | €468,230 | €503,135 | +€34,905 | +7.5% |
| Contracts in progress | 37 | €16,548 | €207,028 | +€190,480 | +1151.1% |
| Amounts receivable within one year | 40/41 | €600,459 | €247,395 | -€353,064 | -58.8% |
| Trade receivables | 40 | €592,998 | €245,810 | -€347,188 | -58.5% |
| Other amounts receivable | 41 | €7,461 | €1,585 | -€5,876 | -78.8% |
| Cash at bank and in hand | 54/58 | €872 | €19,221 | +€18,350 | +2105.4% |
| Deferred charges and accrued income | 490/1 | €15,928 | €15,668 | -€261 | -1.6% |
| Total equity and liabilities | 10/49 | €2,667,763 | €2,512,808 | -€154,955 | -5.8% |
| Equity | 10/15 | €1,751,766 | €1,431,419 | -€320,346 | -18.3% |
| Contributions | 10/11 | €2,200,000 | €2,200,000 | = | 0.0% |
| Reserves | 13 | €315,202 | €315,202 | = | 0.0% |
| Distributable reserves | 133 | €315,202 | €315,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€763,437 | -€1,083,783 | -€320,346 | -42.0% |
| Amounts payable | 17/49 | €915,997 | €1,081,388 | +€165,391 | +18.1% |
| Amounts payable after more than one year | 17 | €64,512 | €0 | -€64,512 | -100.0% |
| Other amounts payable | 178/9 | €64,512 | €0 | -€64,512 | -100.0% |
| Amounts payable within one year | 42/48 | €819,111 | €1,070,693 | +€251,582 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €14,176 | +€14,176 | |
| Financial debts | 43 | €575,769 | €528,563 | -€47,206 | -8.2% |
| Credit institutions | 430/8 | €575,769 | €528,563 | -€47,206 | -8.2% |
| Trade debts | 44 | €39,328 | €239,643 | +€200,315 | +509.3% |
| Suppliers | 440/4 | €39,328 | €239,643 | +€200,315 | +509.3% |
| Advances received on contracts in progress | 46 | €1,619 | €1,619 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €202,395 | €286,692 | +€84,297 | +41.6% |
| Taxes | 450/3 | €81,446 | €131,584 | +€50,139 | +61.6% |
| Remuneration and social security | 454/9 | €120,949 | €155,108 | +€34,159 | +28.2% |
| Accrued charges and deferred income | 492/3 | €32,374 | €10,696 | -€21,679 | -67.0% |
| Non-recurring operating income | 76A | €0 | €10,475 | +€10,475 | |
| Remuneration, social security and pensions | 62 | €689,791 | €672,358 | -€17,433 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365,050 | €414,324 | +€49,273 | +13.5% |
| Other operating charges | 640/8 | €10,497 | €15,778 | +€5,282 | +50.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €282,027 | €401,966 | +€119,939 | +42.5% |
| Operating profit (loss) | 9901 | -€783,311 | -€700,494 | +€82,817 | +10.6% |
| Financial income | 75/76B | €855,827 | €465,776 | -€390,051 | -45.6% |
| Recurring financial income | 75 | €855,827 | €465,776 | -€390,051 | -45.6% |
| Financial charges | 65/66B | €67,749 | €82,362 | +€14,613 | +21.6% |
| Recurring financial charges | 65 | €67,749 | €82,362 | +€14,613 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €4,767 | -€317,080 | -€321,847 | |
| Income taxes | 67/77 | €2,382 | €3,266 | +€884 | +37.1% |
| Profit (loss) for the period | 9904 | €2,385 | -€320,346 | -€322,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,385 | -€320,346 | -€322,731 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.