APERTUS INVEST: what changed
APERTUS INVEST
Largest movements
- Cash -€2,978
down €2,978 (-99.3%), from €3,000 to €22
mainly Net result for the year (-€9,249) and Trade debts (-€317)
- Receivables within one year -€1,510
down €1,510 (-34.0%), from €4,434 to €2,924
of which Trade receivables: -€1,434
- Formation expenses -€1,210
no longer reported in 2025 (was €1,210)
- Deferred charges and accrued income +€185
new in 2025: €185
- Profit (loss) carried forward -€9,249
down €9,249 (-30,315%), from -€31 to -€9,280
- Other debts +€2,069
up €2,069 (+46.7%), from €4,434 to €6,503
- Tax, wage and social debts +€1,984
new in 2025: €1,984
- Trade debts -€317
down €317 (-25.5%), from €1,241 to €924
- Gross operating margin -€7,695
new in 2025: -€7,695
- Depreciation +€1,180
up €1,180 (+3,867%), from €31 to €1,210
- Other operating charges +€400
new in 2025: €400
- Financial income +€374
new in 2025: €374
- Financial charges +€318
new in 2025: €318
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,644 | €3,131 | -€5,513 | -63.8% |
| Formation expenses | 20 | €1,210 | - | -€1,210 | |
| Current assets | 29/58 | €7,434 | €3,131 | -€4,303 | -57.9% |
| Amounts receivable within one year | 40/41 | €4,434 | €2,924 | -€1,510 | -34.0% |
| Trade receivables | 40 | €1,434 | - | -€1,434 | |
| Other amounts receivable | 41 | €3,000 | €2,924 | -€76 | -2.5% |
| Cash at bank and in hand | 54/58 | €3,000 | €22 | -€2,978 | -99.3% |
| Deferred charges and accrued income | 490/1 | - | €185 | +€185 | |
| Total equity and liabilities | 10/49 | €8,644 | €3,131 | -€5,513 | -63.8% |
| Equity | 10/15 | €2,969 | -€6,280 | -€9,249 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31 | -€9,280 | -€9,249 | -30,315% |
| Amounts payable | 17/49 | €5,675 | €9,411 | +€3,736 | +65.8% |
| Amounts payable within one year | 42/48 | €5,675 | €9,411 | +€3,736 | +65.8% |
| Trade debts | 44 | €1,241 | €924 | -€317 | -25.5% |
| Suppliers | 440/4 | €1,241 | €924 | -€317 | -25.5% |
| Taxes, remuneration and social security | 45 | - | €1,984 | +€1,984 | |
| Taxes | 450/3 | - | €1,984 | +€1,984 | |
| Other amounts payable | 47/48 | €4,434 | €6,503 | +€2,069 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €1,210 | +€1,180 | +3,867% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | - | -€7,695 | -€7,695 | |
| Operating profit (loss) | 9901 | -€31 | -€9,305 | -€9,275 | -30,399% |
| Financial income | 75/76B | - | €374 | +€374 | |
| Recurring financial income | 75 | - | €374 | +€374 | |
| Financial charges | 65/66B | - | €318 | +€318 | |
| Recurring financial charges | 65 | - | €318 | +€318 | |
| Profit (loss) for the period before taxes | 9903 | -€31 | -€9,249 | -€9,219 | -30,215% |
| Profit (loss) for the period | 9904 | -€31 | -€9,249 | -€9,219 | -30,215% |
| Profit (loss) for the period to be appropriated | 9905 | -€31 | -€9,249 | -€9,219 | -30,215% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.