APEROFY: 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.
APEROFY
Largest movements
- Receivables within one year +€33,287
up €33,287 (+299.8%), from €11,104 to €44,391
of which Trade receivables: +€36,537
- Cash -€4,984
down €4,984 (-89.7%), from €5,558 to €574
mainly Receivables within one year (-€33,287) and Investment in fixed assets (net) (-€16,714)
- Tangible fixed assets +€4,175
up €4,175 (+12.0%), from €34,863 to €39,038
of which Other tangible fixed assets: +€14,361
- Financial fixed assets +€3,240
up €3,240 (+207.7%), from €1,560 to €4,800
- Deferred charges and accrued income +€1,303
up €1,303 (+191.7%), from €680 to €1,983
- Trade debts +€16,674
up €16,674 (+178.1%), from €9,360 to €26,033
- Profit (loss) carried forward +€14,453
up €14,453, from -€14,453 to €0
- Tax, wage and social debts +€4,695
up €4,695 (+1168.5%), from €402 to €5,097
- Gross operating margin +€41,538
up €41,538, from -€8,903 to €32,635
- Depreciation +€4,388
up €4,388 (+89.3%), from €4,911 to €9,299
- Taxes +€2,011
new in 2025: €2,011
- Other operating charges +€911
up €911 (+308.2%), from €296 to €1,207
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 | €55,488 | €91,954 | +€36,466 | +65.7% |
| Fixed assets | 21/28 | €36,423 | €43,838 | +€7,415 | +20.4% |
| Tangible fixed assets | 22/27 | €34,863 | €39,038 | +€4,175 | +12.0% |
| Plant, machinery and equipment | 23 | €21,838 | €14,652 | -€7,187 | -32.9% |
| Furniture and vehicles | 24 | €13,025 | €10,025 | -€3,000 | -23.0% |
| Other tangible fixed assets | 26 | - | €14,361 | +€14,361 | |
| Financial fixed assets | 28 | €1,560 | €4,800 | +€3,240 | +207.7% |
| Current assets | 29/58 | €19,065 | €48,116 | +€29,051 | +152.4% |
| Stocks and contracts in progress | 3 | €1,724 | €1,168 | -€556 | -32.2% |
| Stocks | 30/36 | €1,724 | €1,168 | -€556 | -32.2% |
| Amounts receivable within one year | 40/41 | €11,104 | €44,391 | +€33,287 | +299.8% |
| Trade receivables | 40 | €6,889 | €43,425 | +€36,537 | +530.4% |
| Other amounts receivable | 41 | €4,215 | €966 | -€3,249 | -77.1% |
| Cash at bank and in hand | 54/58 | €5,558 | €574 | -€4,984 | -89.7% |
| Deferred charges and accrued income | 490/1 | €680 | €1,983 | +€1,303 | +191.7% |
| Total equity and liabilities | 10/49 | €55,488 | €91,954 | +€36,466 | +65.7% |
| Equity | 10/15 | €45,547 | €60,737 | +€15,190 | +33.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | - | €737 | +€737 | |
| Distributable reserves | 133 | - | €737 | +€737 | |
| Profit (loss) carried forward | 14 | -€14,453 | €0 | +€14,453 | |
| Amounts payable | 17/49 | €9,941 | €31,217 | +€21,276 | +214.0% |
| Amounts payable within one year | 42/48 | €9,941 | €31,217 | +€21,276 | +214.0% |
| Trade debts | 44 | €9,360 | €26,033 | +€16,674 | +178.1% |
| Suppliers | 440/4 | €9,360 | €26,033 | +€16,674 | +178.1% |
| Taxes, remuneration and social security | 45 | €402 | €5,097 | +€4,695 | +1168.5% |
| Taxes | 450/3 | €402 | €5,097 | +€4,695 | +1168.5% |
| Other amounts payable | 47/48 | €180 | €86 | -€93 | -51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,911 | €9,299 | +€4,388 | +89.3% |
| Other operating charges | 640/8 | €296 | €1,207 | +€911 | +308.2% |
| Non-recurring operating charges | 66A | - | €5,004 | +€5,004 | |
| Gross operating margin | 9900 | -€8,903 | €32,635 | +€41,538 | |
| Operating profit (loss) | 9901 | -€14,110 | €17,125 | +€31,235 | |
| Financial income | 75/76B | €1 | €156 | +€155 | +11205.8% |
| Recurring financial income | 75 | €1 | €156 | +€155 | +11205.8% |
| Financial charges | 65/66B | €344 | €79 | -€264 | -76.9% |
| Recurring financial charges | 65 | €344 | €79 | -€264 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,453 | €17,201 | +€31,654 | |
| Income taxes | 67/77 | - | €2,011 | +€2,011 | |
| Profit (loss) for the period | 9904 | -€14,453 | €15,190 | +€29,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,453 | €15,190 | +€29,643 |
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 11 October 2026 via checked.be.