Apertura: 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.
Apertura
Largest movements
- Tangible fixed assets -€8,423
down €8,423 (-50.0%), from €16,830 to €8,407
of which Plant, machinery and equipment: -€8,423
- Cash -€8,263
down €8,263 (-29.4%), from €28,082 to €19,819
mainly Net result for the year (-€11,042) and Other debts (-€3,345)
- Receivables within one year +€736
up €736 (+9.7%), from €7,598 to €8,333
of which Trade receivables: +€3,473
- Profit (loss) carried forward -€11,042
down €11,042 (-41.2%), from €26,806 to €15,764
- Other debts -€3,345
down €3,345 (-23.1%), from €14,510 to €11,164
- Tax, wage and social debts -€923
down €923 (-11.5%), from €8,000 to €7,076
- Trade debts -€639
down €639 (-92.1%), from €694 to €55
- Gross operating margin -€25,602
down €25,602, from €24,061 to -€1,541
- Taxes -€4,098
down €4,098 (-96.9%), from €4,230 to €132
- Financial charges +€633
up €633 (+202%), from €313 to €946
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 | €52,510 | €36,559 | -€15,950 | -30.4% |
| Fixed assets | 21/28 | €16,830 | €8,407 | -€8,423 | -50.0% |
| Tangible fixed assets | 22/27 | €16,830 | €8,407 | -€8,423 | -50.0% |
| Plant, machinery and equipment | 23 | €16,830 | €8,407 | -€8,423 | -50.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €35,679 | €28,152 | -€7,527 | -21.1% |
| Amounts receivable within one year | 40/41 | €7,598 | €8,333 | +€736 | +9.7% |
| Trade receivables | 40 | €1,888 | €5,361 | +€3,473 | +184% |
| Other amounts receivable | 41 | €5,710 | €2,972 | -€2,738 | -47.9% |
| Cash at bank and in hand | 54/58 | €28,082 | €19,819 | -€8,263 | -29.4% |
| Total equity and liabilities | 10/49 | €52,510 | €36,559 | -€15,950 | -30.4% |
| Equity | 10/15 | €29,306 | €18,264 | -€11,042 | -37.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,806 | €15,764 | -€11,042 | -41.2% |
| Amounts payable | 17/49 | €23,204 | €18,296 | -€4,908 | -21.2% |
| Amounts payable within one year | 42/48 | €23,204 | €18,296 | -€4,908 | -21.2% |
| Trade debts | 44 | €694 | €55 | -€639 | -92.1% |
| Suppliers | 440/4 | €694 | €55 | -€639 | -92.1% |
| Taxes, remuneration and social security | 45 | €8,000 | €7,076 | -€923 | -11.5% |
| Taxes | 450/3 | €8,000 | €7,076 | -€923 | -11.5% |
| Other amounts payable | 47/48 | €14,510 | €11,164 | -€3,345 | -23.1% |
| Non-recurring operating income | 76A | €1,683 | - | -€1,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,376 | €8,423 | +€47 | +0.6% |
| Other operating charges | 640/8 | €128 | - | -€128 | |
| Gross operating margin | 9900 | €24,061 | -€1,541 | -€25,602 | |
| Operating profit (loss) | 9901 | €15,558 | -€9,964 | -€25,521 | |
| Financial charges | 65/66B | €313 | €946 | +€633 | +202% |
| Recurring financial charges | 65 | €313 | €946 | +€633 | +202% |
| Profit (loss) for the period before taxes | 9903 | €15,244 | -€10,910 | -€26,154 | |
| Income taxes | 67/77 | €4,230 | €132 | -€4,098 | -96.9% |
| Profit (loss) for the period | 9904 | €11,015 | -€11,042 | -€22,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,015 | -€11,042 | -€22,057 |
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 17 October 2026 via checked.be.