APEROGREEN: 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.
APEROGREEN
Largest movements
- Tangible fixed assets +€1,727
up €1,727 (+60.0%), from €2,879 to €4,605
- Receivables within one year +€688
up €688 (+10.9%), from €6,334 to €7,023
of which Other amounts receivable: +€688
- Cash -€430
down €430 (-94.2%), from €457 to €27
mainly Trade debts (-€4,129) and Net result for the year (-€4,078)
- Other debts +€10,264
up €10,264 (+27.7%), from €37,020 to €47,285
- Trade debts -€4,129
down €4,129 (-50.9%), from €8,104 to €3,976
- Profit (loss) carried forward -€4,078
down €4,078 (-7.6%), from -€53,528 to -€57,605
- Turnover -€2,900
down €2,900 (-80.6%), from €3,600 to €700
- Gross operating margin -€2,705
down €2,705, from €993 to -€1,712
- Write-downs -€1,098
no longer reported in 2025 (was €1,098)
- Depreciation +€612
up €612 (+85.0%), from €720 to €1,331
- Other operating charges +€523
up €523 (+135.0%), from €387 to €910
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 | €9,670 | €11,655 | +€1,985 | +20.5% |
| Fixed assets | 21/28 | €2,879 | €4,605 | +€1,727 | +60.0% |
| Tangible fixed assets | 22/27 | €2,879 | €4,605 | +€1,727 | +60.0% |
| Furniture and vehicles | 24 | €2,879 | €4,605 | +€1,727 | +60.0% |
| Current assets | 29/58 | €6,791 | €7,049 | +€258 | +3.8% |
| Amounts receivable within one year | 40/41 | €6,334 | €7,023 | +€688 | +10.9% |
| Trade receivables | 40 | €3,646 | €3,646 | = | 0.0% |
| Other amounts receivable | 41 | €2,689 | €3,377 | +€688 | +25.6% |
| Cash at bank and in hand | 54/58 | €457 | €27 | -€430 | -94.2% |
| Total equity and liabilities | 10/49 | €9,670 | €11,655 | +€1,985 | +20.5% |
| Equity | 10/15 | -€35,528 | -€39,605 | -€4,078 | -11.5% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,528 | -€57,605 | -€4,078 | -7.6% |
| Amounts payable | 17/49 | €45,198 | €51,260 | +€6,062 | +13.4% |
| Amounts payable within one year | 42/48 | €45,198 | €51,260 | +€6,062 | +13.4% |
| Trade debts | 44 | €8,104 | €3,976 | -€4,129 | -50.9% |
| Suppliers | 440/4 | €8,104 | €3,976 | -€4,129 | -50.9% |
| Advances received on contracts in progress | 46 | €73 | - | -€73 | |
| Other amounts payable | 47/48 | €37,020 | €47,285 | +€10,264 | +27.7% |
| Turnover | 70 | €3,600 | €700 | -€2,900 | -80.6% |
| Non-recurring operating income | 76A | - | €266 | +€266 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,607 | €2,678 | +€71 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €720 | €1,331 | +€612 | +85.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,098 | - | -€1,098 | |
| Other operating charges | 640/8 | €387 | €910 | +€523 | +135.0% |
| Gross operating margin | 9900 | €993 | -€1,712 | -€2,705 | |
| Operating profit (loss) | 9901 | -€1,212 | -€3,954 | -€2,742 | -226.3% |
| Financial charges | 65/66B | €39 | €50 | +€12 | +30.0% |
| Recurring financial charges | 65 | €39 | €50 | +€12 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,250 | -€4,004 | -€2,753 | -220.2% |
| Income taxes | 67/77 | - | €74 | +€74 | |
| Profit (loss) for the period | 9904 | -€1,250 | -€4,078 | -€2,827 | -226.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,250 | -€4,078 | -€2,827 | -226.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.