APERONI: 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.
APERONI
Largest movements
- Receivables within one year +€68,189
up €68,189 (+19.0%), from €358,742 to €426,930
of which Other amounts receivable: +€399,174
- Tangible fixed assets +€53,799
up €53,799 (+20.8%), from €258,610 to €312,409
of which Other tangible fixed assets: +€71,707
- Stocks and contracts +€10,157
up €10,157 (+32.3%), from €31,486 to €41,643
- Accrued charges and deferred income +€62,108
up €62,108 (+241.8%), from €25,689 to €87,797
- Other debts +€58,179
up €58,179 (+11.3%), from €512,872 to €571,051
- Tax, wage and social debts +€35,196
up €35,196 (+33.7%), from €104,353 to €139,549
of which Remuneration and social security: +€22,239
- Trade debts -€24,833
down €24,833 (-44.3%), from €56,078 to €31,245
- Gross operating margin -€82,557
down €82,557 (-11.7%), from €704,467 to €621,910
- Staff costs +€76,098
up €76,098 (+18.2%), from €418,807 to €494,905
- Depreciation +€24,669
up €24,669 (+30.2%), from €81,748 to €106,417
- Financial charges -€18,837
down €18,837 (-94.6%), from €19,917 to €1,080
of which Non-recurring financial charges: -€19,000
- Taxes -€14,853
down €14,853 (-67.0%), from €22,169 to €7,316
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 | €709,214 | €844,818 | +€135,604 | +19.1% |
| Fixed assets | 21/28 | €258,860 | €312,659 | +€53,799 | +20.8% |
| Tangible fixed assets | 22/27 | €258,610 | €312,409 | +€53,799 | +20.8% |
| Plant, machinery and equipment | 23 | €71,982 | €65,769 | -€6,213 | -8.6% |
| Furniture and vehicles | 24 | €56,566 | €44,870 | -€11,696 | -20.7% |
| Other tangible fixed assets | 26 | €130,063 | €201,770 | +€71,707 | +55.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €450,353 | €532,159 | +€81,806 | +18.2% |
| Stocks and contracts in progress | 3 | €31,486 | €41,643 | +€10,157 | +32.3% |
| Stocks | 30/36 | €31,486 | €41,643 | +€10,157 | +32.3% |
| Amounts receivable within one year | 40/41 | €358,742 | €426,930 | +€68,189 | +19.0% |
| Trade receivables | 40 | €356,432 | €25,447 | -€330,985 | -92.9% |
| Other amounts receivable | 41 | €2,310 | €401,484 | +€399,174 | +17282.0% |
| Cash at bank and in hand | 54/58 | €50,663 | €51,232 | +€569 | +1.1% |
| Deferred charges and accrued income | 490/1 | €9,462 | €12,354 | +€2,891 | +30.6% |
| Total equity and liabilities | 10/49 | €709,214 | €844,818 | +€135,604 | +19.1% |
| Equity | 10/15 | €10,222 | €15,176 | +€4,954 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,378 | -€3,424 | +€4,954 | +59.1% |
| Amounts payable | 17/49 | €698,991 | €829,641 | +€130,650 | +18.7% |
| Amounts payable within one year | 42/48 | €673,303 | €741,845 | +€68,542 | +10.2% |
| Trade debts | 44 | €56,078 | €31,245 | -€24,833 | -44.3% |
| Suppliers | 440/4 | €56,078 | €31,245 | -€24,833 | -44.3% |
| Taxes, remuneration and social security | 45 | €104,353 | €139,549 | +€35,196 | +33.7% |
| Taxes | 450/3 | €60,357 | €73,314 | +€12,957 | +21.5% |
| Remuneration and social security | 454/9 | €43,995 | €66,234 | +€22,239 | +50.5% |
| Other amounts payable | 47/48 | €512,872 | €571,051 | +€58,179 | +11.3% |
| Accrued charges and deferred income | 492/3 | €25,689 | €87,797 | +€62,108 | +241.8% |
| Remuneration, social security and pensions | 62 | €418,807 | €494,905 | +€76,098 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,748 | €106,417 | +€24,669 | +30.2% |
| Other operating charges | 640/8 | €9,916 | €12,664 | +€2,749 | +27.7% |
| Gross operating margin | 9900 | €704,467 | €621,910 | -€82,557 | -11.7% |
| Operating profit (loss) | 9901 | €193,996 | €7,924 | -€186,072 | -95.9% |
| Financial income | 75/76B | €114 | €5,426 | +€5,312 | +4666.8% |
| Recurring financial income | 75 | €114 | €5,426 | +€5,312 | +4666.8% |
| Financial charges | 65/66B | €19,917 | €1,080 | -€18,837 | -94.6% |
| Recurring financial charges | 65 | €917 | €1,080 | +€163 | +17.8% |
| Non-recurring financial charges | 66B | €19,000 | €0 | -€19,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €174,193 | €12,270 | -€161,924 | -93.0% |
| Income taxes | 67/77 | €22,169 | €7,316 | -€14,853 | -67.0% |
| Profit (loss) for the period | 9904 | €152,025 | €4,954 | -€147,070 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,025 | €4,954 | -€147,070 | -96.7% |
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 3 October 2026 via checked.be.