APEROCON: 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.
APEROCON
Largest movements
- Cash +€50,555
up €50,555 (+141%), from €35,736 to €86,292
mainly Receivables within one year (+€27,045) and Net result for the year (+€26,424)
- Receivables within one year -€27,045
down €27,045 (-47.4%), from €57,056 to €30,010
of which Trade receivables: -€27,080
- Tangible fixed assets -€4,941
down €4,941 (-19.8%), from €24,993 to €20,052
of which Leasing and similar rights: -€8,088
- Tax, wage and social debts +€17,725
up €17,725 (+306%), from €5,791 to €23,516
- Reserves +€13,760
up €13,760 (+36.8%), from €37,415 to €51,174
- Trade debts -€9,391
down €9,391 (-68.4%), from €13,729 to €4,338
- Debts after one year -€8,380
down €8,380 (-93.1%), from €9,002 to €623
- Other debts +€4,203
up €4,203 (+18.5%), from €22,710 to €26,913
- Gross operating margin +€39,994
up €39,994 (+228%), from €17,511 to €57,505
- Taxes +€15,886
up €15,886, from -€1,419 to €14,466
- Depreciation +€981
up €981 (+9.7%), from €10,110 to €11,090
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 | €119,718 | €138,287 | +€18,569 | +15.5% |
| Fixed assets | 21/28 | €24,993 | €20,052 | -€4,941 | -19.8% |
| Tangible fixed assets | 22/27 | €24,993 | €20,052 | -€4,941 | -19.8% |
| Plant, machinery and equipment | 23 | - | €782 | +€782 | |
| Furniture and vehicles | 24 | €7,222 | €9,586 | +€2,365 | +32.7% |
| Leasing and similar rights | 25 | €17,771 | €9,683 | -€8,088 | -45.5% |
| Current assets | 29/58 | €94,725 | €118,236 | +€23,510 | +24.8% |
| Stocks and contracts in progress | 3 | €1,933 | €1,933 | = | 0.0% |
| Stocks | 30/36 | €1,933 | €1,933 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,056 | €30,010 | -€27,045 | -47.4% |
| Trade receivables | 40 | €56,088 | €29,008 | -€27,080 | -48.3% |
| Other amounts receivable | 41 | €968 | €1,003 | +€35 | +3.6% |
| Cash at bank and in hand | 54/58 | €35,736 | €86,292 | +€50,555 | +141% |
| Total equity and liabilities | 10/49 | €119,718 | €138,287 | +€18,569 | +15.5% |
| Equity | 10/15 | €60,232 | €73,992 | +€13,760 | +22.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Contributions outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Other | 1109/19 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €37,415 | €51,174 | +€13,760 | +36.8% |
| Distributable reserves | 133 | €37,415 | €51,174 | +€13,760 | +36.8% |
| Profit (loss) carried forward | 14 | €3,818 | €3,818 | = | 0.0% |
| Amounts payable | 17/49 | €59,486 | €64,295 | +€4,810 | +8.1% |
| Amounts payable after more than one year | 17 | €9,002 | €623 | -€8,380 | -93.1% |
| Financial debts | 170/4 | €9,002 | €623 | -€8,380 | -93.1% |
| Amounts payable within one year | 42/48 | €50,483 | €63,672 | +€13,189 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €8,177 | €8,380 | +€203 | +2.5% |
| Financial debts | 43 | €76 | €526 | +€450 | +592% |
| Credit institutions | 430/8 | €76 | €526 | +€450 | +592% |
| Trade debts | 44 | €13,729 | €4,338 | -€9,391 | -68.4% |
| Suppliers | 440/4 | €13,729 | €4,338 | -€9,391 | -68.4% |
| Taxes, remuneration and social security | 45 | €5,791 | €23,516 | +€17,725 | +306% |
| Taxes | 450/3 | €5,791 | €23,516 | +€17,725 | +306% |
| Other amounts payable | 47/48 | €22,710 | €26,913 | +€4,203 | +18.5% |
| Non-recurring operating income | 76A | €9,600 | - | -€9,600 | |
| Remuneration, social security and pensions | 62 | €580 | €1,016 | +€436 | +75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,110 | €11,090 | +€981 | +9.7% |
| Other operating charges | 640/8 | €1,070 | €611 | -€459 | -42.9% |
| Gross operating margin | 9900 | €17,511 | €57,505 | +€39,994 | +228% |
| Operating profit (loss) | 9901 | €5,751 | €44,787 | +€39,036 | +679% |
| Financial income | 75/76B | €0 | €0 | -€0 | -46.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -46.2% |
| Financial charges | 65/66B | €3,352 | €3,897 | +€544 | +16.2% |
| Recurring financial charges | 65 | €3,352 | €3,897 | +€544 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €2,398 | €40,891 | +€38,492 | +1,605% |
| Income taxes | 67/77 | -€1,419 | €14,466 | +€15,886 | |
| Profit (loss) for the period | 9904 | €3,818 | €26,424 | +€22,606 | +592% |
| Profit (loss) for the period to be appropriated | 9905 | €3,818 | €26,424 | +€22,606 | +592% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.