Apertoso: 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.
Apertoso
Largest movements
- Tangible fixed assets -€25,668
down €25,668 (-18.4%), from €139,379 to €113,711
of which Furniture and vehicles: -€33,184
- Cash +€23,027
up €23,027 (+19.8%), from €116,306 to €139,333
mainly Depreciation (+€41,486) and Net result for the year (+€17,260)
- Receivables within one year +€13,426
up €13,426 (+52.6%), from €25,505 to €38,931
of which Other amounts receivable: +€14,530
- Reserves +€17,260
up €17,260 (+8.4%), from €204,951 to €222,211
of which Distributable reserves: +€17,260
- Tax, wage and social debts -€7,297
down €7,297 (-55.5%), from €13,155 to €5,858
- Trade debts +€3,068
new in 2025: €3,068
- Gross operating margin -€16,160
down €16,160 (-19.3%), from €83,941 to €67,781
- Taxes -€5,438
down €5,438 (-43.4%), from €12,544 to €7,106
- Depreciation +€1,959
up €1,959 (+5.0%), from €39,527 to €41,486
- Other operating charges +€872
up €872 (+82.7%), from €1,054 to €1,926
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 | €281,190 | €294,221 | +€13,031 | +4.6% |
| Fixed assets | 21/28 | €139,379 | €113,711 | -€25,668 | -18.4% |
| Tangible fixed assets | 22/27 | €139,379 | €113,711 | -€25,668 | -18.4% |
| Plant, machinery and equipment | 23 | €1,753 | €14,829 | +€13,076 | +746% |
| Furniture and vehicles | 24 | €111,638 | €78,454 | -€33,184 | -29.7% |
| Other tangible fixed assets | 26 | €25,988 | €20,428 | -€5,560 | -21.4% |
| Current assets | 29/58 | €141,811 | €180,510 | +€38,699 | +27.3% |
| Amounts receivable within one year | 40/41 | €25,505 | €38,931 | +€13,426 | +52.6% |
| Trade receivables | 40 | €17,583 | €16,479 | -€1,104 | -6.3% |
| Other amounts receivable | 41 | €7,922 | €22,452 | +€14,530 | +183% |
| Cash at bank and in hand | 54/58 | €116,306 | €139,333 | +€23,027 | +19.8% |
| Deferred charges and accrued income | 490/1 | - | €2,246 | +€2,246 | |
| Total equity and liabilities | 10/49 | €281,190 | €294,221 | +€13,031 | +4.6% |
| Equity | 10/15 | €268,035 | €285,295 | +€17,260 | +6.4% |
| Contributions | 10/11 | €62,220 | €62,220 | = | 0.0% |
| Reserves | 13 | €204,951 | €222,211 | +€17,260 | +8.4% |
| Tax-exempt reserves | 132 | €7,413 | €7,413 | = | 0.0% |
| Distributable reserves | 133 | €197,538 | €214,798 | +€17,260 | +8.7% |
| Profit (loss) carried forward | 14 | €864 | €864 | = | 0.0% |
| Amounts payable | 17/49 | €13,155 | €8,926 | -€4,229 | -32.1% |
| Amounts payable within one year | 42/48 | €13,155 | €8,926 | -€4,229 | -32.1% |
| Trade debts | 44 | - | €3,068 | +€3,068 | |
| Suppliers | 440/4 | - | €3,068 | +€3,068 | |
| Taxes, remuneration and social security | 45 | €13,155 | €5,858 | -€7,297 | -55.5% |
| Taxes | 450/3 | €13,155 | €5,858 | -€7,297 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,527 | €41,486 | +€1,959 | +5.0% |
| Other operating charges | 640/8 | €1,054 | €1,926 | +€872 | +82.7% |
| Gross operating margin | 9900 | €83,941 | €67,781 | -€16,160 | -19.3% |
| Operating profit (loss) | 9901 | €43,360 | €24,369 | -€18,991 | -43.8% |
| Financial charges | 65/66B | - | €3 | +€3 | |
| Recurring financial charges | 65 | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €43,360 | €24,366 | -€18,994 | -43.8% |
| Income taxes | 67/77 | €12,544 | €7,106 | -€5,438 | -43.4% |
| Profit (loss) for the period | 9904 | €30,816 | €17,260 | -€13,556 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,816 | €17,260 | -€13,556 | -44.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.