APEX NETWORKS: 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 NETWORKS
Largest movements
- Cash +€2,237
up €2,237 (+238%), from €940 to €3,177
mainly Other debts (+€2,524) and Deferred charges and accrued income (+€992)
- Deferred charges and accrued income -€992
down €992 (-92.9%), from €1,068 to €76
- Receivables within one year -€305
down €305 (-33.2%), from €917 to €613
of which Other amounts receivable: -€305
- Other debts +€2,524
up €2,524 (+15.7%), from €16,050 to €18,573
- Profit (loss) carried forward -€2,122
down €2,122 (-15.0%), from -€14,112 to -€16,234
- Trade debts +€525
up €525 (+66.6%), from €788 to €1,313
- Gross operating margin +€10,707
up €10,707 (+88.7%), from -€12,070 to -€1,363
- Depreciation -€1,152
no longer reported in 2025 (was €1,152)
- Financial charges -€133
down €133 (-17.4%), from €764 to €632
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 | €2,926 | €3,865 | +€939 | +32.1% |
| Current assets | 29/58 | €2,926 | €3,865 | +€939 | +32.1% |
| Amounts receivable within one year | 40/41 | €917 | €613 | -€305 | -33.2% |
| Trade receivables | 40 | €303 | €303 | = | 0.0% |
| Other amounts receivable | 41 | €615 | €310 | -€305 | -49.6% |
| Cash at bank and in hand | 54/58 | €940 | €3,177 | +€2,237 | +238% |
| Deferred charges and accrued income | 490/1 | €1,068 | €76 | -€992 | -92.9% |
| Total equity and liabilities | 10/49 | €2,926 | €3,865 | +€939 | +32.1% |
| Equity | 10/15 | -€13,912 | -€16,034 | -€2,122 | -15.3% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,112 | -€16,234 | -€2,122 | -15.0% |
| Amounts payable | 17/49 | €16,838 | €19,899 | +€3,061 | +18.2% |
| Amounts payable within one year | 42/48 | €16,838 | €19,899 | +€3,061 | +18.2% |
| Trade debts | 44 | €788 | €1,313 | +€525 | +66.6% |
| Suppliers | 440/4 | €788 | €1,313 | +€525 | +66.6% |
| Taxes, remuneration and social security | 45 | - | €13 | +€13 | |
| Taxes | 450/3 | - | €13 | +€13 | |
| Other amounts payable | 47/48 | €16,050 | €18,573 | +€2,524 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | - | -€1,152 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€12,070 | -€1,363 | +€10,707 | +88.7% |
| Operating profit (loss) | 9901 | -€13,348 | -€1,491 | +€11,857 | +88.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €764 | €632 | -€133 | -17.4% |
| Recurring financial charges | 65 | €764 | €632 | -€133 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,112 | -€2,122 | +€11,990 | +85.0% |
| Profit (loss) for the period | 9904 | -€14,112 | -€2,122 | +€11,990 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,112 | -€2,122 | +€11,990 | +85.0% |
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 28 October 2026 via checked.be.