Apex Ventures: 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 Ventures
Largest movements
- Cash +€56,138
up €56,138 (+3,491%), from €1,608 to €57,746
mainly Current investments (+€50,000) and Net result for the year (+€6,687)
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Receivables within one year +€9,112
up €9,112 (+137%), from €6,667 to €15,780
of which Trade receivables: +€9,034
- Profit (loss) carried forward +€6,687
up €6,687 (+7.9%), from €84,703 to €91,390
- Tax, wage and social debts +€5,031
up €5,031 (+5,590%), from €90 to €5,121
- Accrued charges and deferred income +€2,079
new in 2025: €2,079
- Other debts +€1,870
up €1,870 (+8.2%), from €22,831 to €24,701
- Trade debts -€1,300
down €1,300 (-56.6%), from €2,298 to €998
- Gross operating margin +€24,776
up €24,776, from -€14,321 to €10,454
- Financial charges +€2,087
up €2,087 (+2,543%), from €82 to €2,169
- Financial income -€903
down €903 (-58.2%), from €1,550 to €647
- Depreciation -€628
down €628 (-23.4%), from €2,688 to €2,060
- Other operating charges -€602
down €602 (-76.4%), from €788 to €186
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 | €111,922 | €126,289 | +€14,367 | +12.8% |
| Fixed assets | 21/28 | €3,647 | €2,712 | -€935 | -25.6% |
| Tangible fixed assets | 22/27 | €3,647 | €2,712 | -€935 | -25.6% |
| Plant, machinery and equipment | 23 | €2,655 | €1,800 | -€854 | -32.2% |
| Furniture and vehicles | 24 | €992 | €912 | -€80 | -8.1% |
| Current assets | 29/58 | €108,275 | €123,577 | +€15,301 | +14.1% |
| Amounts receivable within one year | 40/41 | €6,667 | €15,780 | +€9,112 | +137% |
| Trade receivables | 40 | €6,091 | €15,125 | +€9,034 | +148% |
| Other amounts receivable | 41 | €576 | €655 | +€78 | +13.5% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €1,608 | €57,746 | +€56,138 | +3,491% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €111,922 | €126,289 | +€14,367 | +12.8% |
| Equity | 10/15 | €86,703 | €93,390 | +€6,687 | +7.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,703 | €91,390 | +€6,687 | +7.9% |
| Amounts payable | 17/49 | €25,219 | €32,899 | +€7,680 | +30.5% |
| Amounts payable within one year | 42/48 | €25,219 | €30,820 | +€5,601 | +22.2% |
| Trade debts | 44 | €2,298 | €998 | -€1,300 | -56.6% |
| Suppliers | 440/4 | €2,298 | €998 | -€1,300 | -56.6% |
| Taxes, remuneration and social security | 45 | €90 | €5,121 | +€5,031 | +5,590% |
| Taxes | 450/3 | €90 | €5,121 | +€5,031 | +5,590% |
| Other amounts payable | 47/48 | €22,831 | €24,701 | +€1,870 | +8.2% |
| Accrued charges and deferred income | 492/3 | - | €2,079 | +€2,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,688 | €2,060 | -€628 | -23.4% |
| Other operating charges | 640/8 | €788 | €186 | -€602 | -76.4% |
| Gross operating margin | 9900 | -€14,321 | €10,454 | +€24,776 | |
| Operating profit (loss) | 9901 | -€17,797 | €8,209 | +€26,006 | |
| Financial income | 75/76B | €1,550 | €647 | -€903 | -58.2% |
| Recurring financial income | 75 | €1,550 | €647 | -€903 | -58.2% |
| Financial charges | 65/66B | €82 | €2,169 | +€2,087 | +2,543% |
| Recurring financial charges | 65 | €82 | €2,169 | +€2,087 | +2,543% |
| Profit (loss) for the period before taxes | 9903 | -€16,329 | €6,687 | +€23,016 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€16,329 | €6,687 | +€23,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,329 | €6,687 | +€23,016 |
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 24 October 2026 via checked.be.