APEX SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets -€18,593
down €18,593 (-36.1%), from €51,439 to €32,845
of which Furniture and vehicles: -€17,981
- Other debts +€79,724
up €79,724 (+322%), from €24,789 to €104,513
- Debts after one year -€60,534
down €60,534 (-54.2%), from €111,622 to €51,088
- Reserves -€54,768
down €54,768 (-22.0%), from €248,875 to €194,107
- Tax, wage and social debts +€15,000
up €15,000, from €0 to €15,000
- Gross operating margin -€3,723
down €3,723 (-4.9%), from €75,731 to €72,008
- Financial income +€2,298
up €2,298 (+5.8%), from €39,708 to €42,005
- Financial charges -€856
down €856 (-26.3%), from €3,251 to €2,395
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 | €452,559 | €433,140 | -€19,420 | -4.3% |
| Fixed assets | 21/28 | €407,557 | €388,963 | -€18,593 | -4.6% |
| Tangible fixed assets | 22/27 | €51,439 | €32,845 | -€18,593 | -36.1% |
| Furniture and vehicles | 24 | €49,619 | €31,637 | -€17,981 | -36.2% |
| Other tangible fixed assets | 26 | €1,820 | €1,208 | -€612 | -33.6% |
| Financial fixed assets | 28 | €356,118 | €356,118 | = | 0.0% |
| Current assets | 29/58 | €45,003 | €44,176 | -€826 | -1.8% |
| Amounts receivable within one year | 40/41 | €4,752 | €800 | -€3,951 | -83.2% |
| Other amounts receivable | 41 | €4,752 | €800 | -€3,951 | -83.2% |
| Cash at bank and in hand | 54/58 | €37,475 | €40,823 | +€3,348 | +8.9% |
| Deferred charges and accrued income | 490/1 | €2,776 | €2,553 | -€223 | -8.0% |
| Total equity and liabilities | 10/49 | €452,559 | €433,140 | -€19,420 | -4.3% |
| Equity | 10/15 | €251,375 | €196,607 | -€54,768 | -21.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €248,875 | €194,107 | -€54,768 | -22.0% |
| Distributable reserves | 133 | €248,875 | €194,107 | -€54,768 | -22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €201,185 | €236,533 | +€35,348 | +17.6% |
| Amounts payable after more than one year | 17 | €111,622 | €51,088 | -€60,534 | -54.2% |
| Financial debts | 170/4 | €111,622 | €51,088 | -€60,534 | -54.2% |
| Amounts payable within one year | 42/48 | €89,563 | €185,445 | +€95,882 | +107% |
| Current portion of amounts payable after more than one year | 42 | €59,706 | €60,534 | +€827 | +1.4% |
| Financial debts | 43 | €3,797 | €3,784 | -€12 | -0.3% |
| Credit institutions | 430/8 | €3,797 | €3,784 | -€12 | -0.3% |
| Trade debts | 44 | €1,271 | €1,614 | +€343 | +27.0% |
| Suppliers | 440/4 | €1,271 | €1,614 | +€343 | +27.0% |
| Taxes, remuneration and social security | 45 | €0 | €15,000 | +€15,000 | |
| Taxes | 450/3 | €0 | €15,000 | +€15,000 | |
| Other amounts payable | 47/48 | €24,789 | €104,513 | +€79,724 | +322% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,593 | €18,593 | = | 0.0% |
| Other operating charges | 640/8 | €1,005 | €1,093 | +€88 | +8.7% |
| Gross operating margin | 9900 | €75,731 | €72,008 | -€3,723 | -4.9% |
| Operating profit (loss) | 9901 | €56,133 | €52,322 | -€3,811 | -6.8% |
| Financial income | 75/76B | €39,708 | €42,005 | +€2,298 | +5.8% |
| Recurring financial income | 75 | €39,708 | €42,005 | +€2,298 | +5.8% |
| Financial charges | 65/66B | €3,251 | €2,395 | -€856 | -26.3% |
| Recurring financial charges | 65 | €3,251 | €2,395 | -€856 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €92,590 | €91,932 | -€658 | -0.7% |
| Income taxes | 67/77 | €14,950 | €14,200 | -€750 | -5.0% |
| Profit (loss) for the period | 9904 | €77,640 | €77,732 | +€92 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,640 | €77,732 | +€92 | +0.1% |
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 29 October 2026 via checked.be.