APEX QUALITY: 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 QUALITY
Largest movements
- Receivables within one year -€4,620
down €4,620 (-40.2%), from €11,493 to €6,873
of which Trade receivables: -€4,162
- Tangible fixed assets +€3,598
up €3,598 (+2,877%), from €125 to €3,723
of which Furniture and vehicles: +€3,715
- Cash -€1,121
down €1,121 (-13.4%), from €8,367 to €7,246
mainly Other debts (-€6,365) and Investment in fixed assets (net) (-€4,500)
- Other debts -€6,365
down €6,365 (-57.5%), from €11,077 to €4,712
- Trade debts +€4,304
up €4,304 (+1,395%), from €309 to €4,613
- Other operating charges -€1,633
down €1,633 (-69.0%), from €2,366 to €733
- Gross operating margin -€1,265
down €1,265 (-36.9%), from €3,433 to €2,168
- Depreciation +€76
up €76 (+9.2%), from €826 to €902
- Taxes -€73
down €73 (-23.6%), from €310 to €236
- Financial charges +€64
up €64 (+26.5%), from €241 to €305
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 | €19,985 | €17,843 | -€2,142 | -10.7% |
| Fixed assets | 21/28 | €125 | €3,723 | +€3,598 | +2,877% |
| Tangible fixed assets | 22/27 | €125 | €3,723 | +€3,598 | +2,877% |
| Plant, machinery and equipment | 23 | €125 | €8 | -€117 | -93.8% |
| Furniture and vehicles | 24 | - | €3,715 | +€3,715 | |
| Current assets | 29/58 | €19,860 | €14,120 | -€5,740 | -28.9% |
| Amounts receivable within one year | 40/41 | €11,493 | €6,873 | -€4,620 | -40.2% |
| Trade receivables | 40 | €10,188 | €6,026 | -€4,162 | -40.9% |
| Other amounts receivable | 41 | €1,305 | €847 | -€458 | -35.1% |
| Cash at bank and in hand | 54/58 | €8,367 | €7,246 | -€1,121 | -13.4% |
| Total equity and liabilities | 10/49 | €19,985 | €17,843 | -€2,142 | -10.7% |
| Equity | 10/15 | €8,290 | €8,281 | -€9 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,731 | €1,731 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,731 | €1,731 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,731 | €1,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358 | €349 | -€9 | -2.5% |
| Amounts payable | 17/49 | €11,695 | €9,562 | -€2,133 | -18.2% |
| Amounts payable within one year | 42/48 | €11,695 | €9,562 | -€2,133 | -18.2% |
| Trade debts | 44 | €309 | €4,613 | +€4,304 | +1,395% |
| Suppliers | 440/4 | €309 | €4,613 | +€4,304 | +1,395% |
| Taxes, remuneration and social security | 45 | €310 | €236 | -€73 | -23.6% |
| Taxes | 450/3 | €310 | €236 | -€73 | -23.6% |
| Other amounts payable | 47/48 | €11,077 | €4,712 | -€6,365 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €902 | +€76 | +9.2% |
| Other operating charges | 640/8 | €2,366 | €733 | -€1,633 | -69.0% |
| Gross operating margin | 9900 | €3,433 | €2,168 | -€1,265 | -36.9% |
| Operating profit (loss) | 9901 | €240 | €532 | +€292 | +122% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €241 | €305 | +€64 | +26.5% |
| Recurring financial charges | 65 | €241 | €305 | +€64 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €3 | €227 | +€225 | +8,108% |
| Income taxes | 67/77 | €310 | €236 | -€73 | -23.6% |
| Profit (loss) for the period | 9904 | -€307 | -€9 | +€298 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€307 | -€9 | +€298 | +97.1% |
Source: filed annual accounts (NBB), financial years ended 1 July 2024 and 1 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.