Apero: 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.
Apero
Largest movements
- Receivables within one year -€23,119
down €23,119 (-35.7%), from €64,782 to €41,663
of which Trade receivables: -€14,753
- Cash -€8,383
down €8,383 (-22.6%), from €37,119 to €28,736
mainly Trade debts (-€88,766) and Investment in fixed assets (net) (-€8,714)
- Tangible fixed assets +€4,671
up €4,671 (+26.5%), from €17,645 to €22,316
of which Furniture and vehicles: +€2,557
- Deferred charges and accrued income +€1,659
up €1,659 (+111%), from €1,494 to €3,153
- Trade debts -€88,766
down €88,766 (-85.0%), from €104,390 to €15,624
- Reserves +€65,584
new in 2025: €65,584
- Profit (loss) carried forward +€8,876
up €8,876, from -€8,876 to €0
- Tax, wage and social debts -€7,731
down €7,731 (-100%), from €7,731 to €0
- Debts after one year -€3,802
down €3,802 (-44.9%), from €8,461 to €4,659
- Gross operating margin +€113,276
up €113,276, from -€25,315 to €87,961
- Other operating charges -€8,847
down €8,847 (-83.6%), from €10,578 to €1,731
- Depreciation +€2,103
up €2,103 (+86.2%), from €2,440 to €4,543
- Financial charges +€1,451
up €1,451 (+26.0%), from €5,572 to €7,022
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 | €121,540 | €95,869 | -€25,671 | -21.1% |
| Fixed assets | 21/28 | €18,145 | €22,316 | +€4,171 | +23.0% |
| Tangible fixed assets | 22/27 | €17,645 | €22,316 | +€4,671 | +26.5% |
| Plant, machinery and equipment | 23 | €13,054 | €15,168 | +€2,114 | +16.2% |
| Furniture and vehicles | 24 | €4,591 | €7,148 | +€2,557 | +55.7% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €103,394 | €73,552 | -€29,842 | -28.9% |
| Amounts receivable within one year | 40/41 | €64,782 | €41,663 | -€23,119 | -35.7% |
| Trade receivables | 40 | €35,323 | €20,570 | -€14,753 | -41.8% |
| Other amounts receivable | 41 | €29,459 | €21,093 | -€8,366 | -28.4% |
| Cash at bank and in hand | 54/58 | €37,119 | €28,736 | -€8,383 | -22.6% |
| Deferred charges and accrued income | 490/1 | €1,494 | €3,153 | +€1,659 | +111% |
| Total equity and liabilities | 10/49 | €121,540 | €95,869 | -€25,671 | -21.1% |
| Equity | 10/15 | -€2,676 | €71,784 | +€74,460 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €65,584 | +€65,584 | |
| Distributable reserves | 133 | - | €65,584 | +€65,584 | |
| Profit (loss) carried forward | 14 | -€8,876 | €0 | +€8,876 | |
| Amounts payable | 17/49 | €124,216 | €24,085 | -€100,131 | -80.6% |
| Amounts payable after more than one year | 17 | €8,461 | €4,659 | -€3,802 | -44.9% |
| Financial debts | 170/4 | €8,461 | €4,659 | -€3,802 | -44.9% |
| Amounts payable within one year | 42/48 | €115,754 | €19,426 | -€96,328 | -83.2% |
| Current portion of amounts payable after more than one year | 42 | €3,634 | €3,802 | +€169 | +4.6% |
| Trade debts | 44 | €104,390 | €15,624 | -€88,766 | -85.0% |
| Suppliers | 440/4 | €104,390 | €15,624 | -€88,766 | -85.0% |
| Taxes, remuneration and social security | 45 | €7,731 | €0 | -€7,731 | -100% |
| Taxes | 450/3 | €7,731 | €0 | -€7,731 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €211 | €215 | +€4 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,440 | €4,543 | +€2,103 | +86.2% |
| Other operating charges | 640/8 | €10,578 | €1,731 | -€8,847 | -83.6% |
| Gross operating margin | 9900 | -€25,315 | €87,961 | +€113,276 | |
| Operating profit (loss) | 9901 | -€38,544 | €81,472 | +€120,016 | |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €5,572 | €7,022 | +€1,451 | +26.0% |
| Recurring financial charges | 65 | €5,572 | €7,022 | +€1,451 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,116 | €74,460 | +€118,576 | |
| Profit (loss) for the period | 9904 | -€44,116 | €74,460 | +€118,576 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,116 | €74,460 | +€118,576 |
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 14 October 2026 via checked.be.