APEX CONSULT: 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.
APEX CONSULT
Largest movements
- Tangible fixed assets -€27,662
down €27,662 (-2.7%), from €1.0m to €1.0m
of which Land and buildings: -€27,242
- Profit (loss) carried forward +€63,040
no longer reported in 2025 (was -€63,040)
- Debts after one year -€55,366
down €55,366 (-7.1%), from €781,566 to €726,201
- Other debts -€26,982
down €26,982 (-10.6%), from €255,041 to €228,058
- Other operating charges -€19,742
down €19,742 (-93.7%), from €21,079 to €1,336
- Taxes +€3,662
up €3,662 (+1,467%), from €250 to €3,911
- Financial charges -€2,620
down €2,620 (-9.3%), from €28,210 to €25,590
- Gross operating margin -€1,801
down €1,801 (-1.5%), from €123,036 to €121,235
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 | €1,053,054 | €1,035,082 | -€17,972 | -1.7% |
| Fixed assets | 21/28 | €1,042,286 | €1,014,623 | -€27,662 | -2.7% |
| Tangible fixed assets | 22/27 | €1,042,286 | €1,014,623 | -€27,662 | -2.7% |
| Land and buildings | 22 | €1,041,865 | €1,014,623 | -€27,242 | -2.6% |
| Furniture and vehicles | 24 | €421 | - | -€421 | |
| Current assets | 29/58 | €10,769 | €20,459 | +€9,690 | +90.0% |
| Cash at bank and in hand | 54/58 | €10,769 | €20,264 | +€9,495 | +88.2% |
| Deferred charges and accrued income | 490/1 | - | €195 | +€195 | |
| Total equity and liabilities | 10/49 | €1,053,054 | €1,035,082 | -€17,972 | -1.7% |
| Equity | 10/15 | -€43,040 | €20,116 | +€63,156 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €116 | +€116 | |
| Distributable reserves | 133 | - | €116 | +€116 | |
| Profit (loss) carried forward | 14 | -€63,040 | - | +€63,040 | |
| Amounts payable | 17/49 | €1,096,094 | €1,014,966 | -€81,128 | -7.4% |
| Amounts payable after more than one year | 17 | €781,566 | €726,201 | -€55,366 | -7.1% |
| Financial debts | 170/4 | €781,566 | €726,201 | -€55,366 | -7.1% |
| Amounts payable within one year | 42/48 | €314,332 | €288,766 | -€25,567 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €54,116 | €55,366 | +€1,250 | +2.3% |
| Trade debts | 44 | €2,654 | €430 | -€2,223 | -83.8% |
| Suppliers | 440/4 | €2,654 | €430 | -€2,223 | -83.8% |
| Taxes, remuneration and social security | 45 | €2,523 | €4,911 | +€2,389 | +94.7% |
| Taxes | 450/3 | €250 | €3,911 | +€3,662 | +1,467% |
| Remuneration and social security | 454/9 | €2,273 | €1,000 | -€1,273 | -56.0% |
| Other amounts payable | 47/48 | €255,041 | €228,058 | -€26,982 | -10.6% |
| Accrued charges and deferred income | 492/3 | €195 | - | -€195 | |
| Non-recurring operating income | 76A | - | €10,579 | +€10,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,954 | €27,242 | -€712 | -2.5% |
| Other operating charges | 640/8 | €21,079 | €1,336 | -€19,742 | -93.7% |
| Gross operating margin | 9900 | €123,036 | €121,235 | -€1,801 | -1.5% |
| Operating profit (loss) | 9901 | €74,003 | €92,656 | +€18,653 | +25.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €28,210 | €25,590 | -€2,620 | -9.3% |
| Recurring financial charges | 65 | €28,210 | €25,590 | -€2,620 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €45,794 | €67,067 | +€21,273 | +46.5% |
| Income taxes | 67/77 | €250 | €3,911 | +€3,662 | +1,467% |
| Profit (loss) for the period | 9904 | €45,544 | €63,156 | +€17,612 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,544 | €63,156 | +€17,612 | +38.7% |
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.