Apexor: 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.
Apexor
Largest movements
- Cash +€63,784
up €63,784 (+414%), from €15,418 to €79,201
mainly Net result for the year (+€50,043) and Tax, wage and social debts (+€17,815)
- Deferred charges and accrued income +€1,084
new in 2025: €1,084
- Profit (loss) carried forward +€49,210
up €49,210 (+346%), from €14,239 to €63,448
- Tax, wage and social debts +€17,815
up €17,815 (+176%), from €10,113 to €27,929
- Other debts -€1,894
down €1,894 (-79.5%), from €2,381 to €487
- Gross operating margin +€45,128
up €45,128 (+231%), from €19,561 to €64,689
- Taxes +€9,535
up €9,535 (+230%), from €4,153 to €13,688
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 | €28,434 | €93,247 | +€64,813 | +228% |
| Current assets | 29/58 | €28,434 | €93,247 | +€64,813 | +228% |
| Amounts receivable within one year | 40/41 | €13,016 | €12,962 | -€54 | -0.4% |
| Trade receivables | 40 | €13,016 | €12,962 | -€54 | -0.4% |
| Cash at bank and in hand | 54/58 | €15,418 | €79,201 | +€63,784 | +414% |
| Deferred charges and accrued income | 490/1 | - | €1,084 | +€1,084 | |
| Total equity and liabilities | 10/49 | €28,434 | €93,247 | +€64,813 | +228% |
| Equity | 10/15 | €14,339 | €63,548 | +€49,210 | +343% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,239 | €63,448 | +€49,210 | +346% |
| Amounts payable | 17/49 | €14,095 | €29,698 | +€15,603 | +111% |
| Amounts payable within one year | 42/48 | €14,095 | €29,698 | +€15,603 | +111% |
| Trade debts | 44 | €1,601 | €1,283 | -€318 | -19.9% |
| Suppliers | 440/4 | €1,601 | €1,283 | -€318 | -19.9% |
| Taxes, remuneration and social security | 45 | €10,113 | €27,929 | +€17,815 | +176% |
| Taxes | 450/3 | €10,113 | €27,929 | +€17,815 | +176% |
| Other amounts payable | 47/48 | €2,381 | €487 | -€1,894 | -79.5% |
| Gross operating margin | 9900 | €19,561 | €64,689 | +€45,128 | +231% |
| Operating profit (loss) | 9901 | €19,561 | €64,689 | +€45,128 | +231% |
| Financial charges | 65/66B | €336 | €958 | +€622 | +185% |
| Recurring financial charges | 65 | €336 | €958 | +€622 | +185% |
| Profit (loss) for the period before taxes | 9903 | €19,225 | €63,731 | +€44,506 | +232% |
| Income taxes | 67/77 | €4,153 | €13,688 | +€9,535 | +230% |
| Profit (loss) for the period | 9904 | €15,072 | €50,043 | +€34,971 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €15,072 | €50,043 | +€34,971 | +232% |
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 25 October 2026 via checked.be.