APHELEIA: 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.
APHELEIA
Largest movements
- Current investments +€27,023
up €27,023 (+44.4%), from €60,861 to €87,885
- Profit (loss) carried forward +€27,402
up €27,402 (+64.1%), from €42,749 to €70,150
- Gross operating margin -€20,567
down €20,567 (-37.5%), from €54,825 to €34,258
- Taxes -€3,870
down €3,870 (-36.1%), from €10,727 to €6,856
- Depreciation -€1,350
no longer reported in 2025 (was €1,350)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,925 | €87,885 | +€26,959 | +44.3% |
| Current assets | 29/58 | €60,925 | €87,885 | +€26,959 | +44.3% |
| Amounts receivable within one year | 40/41 | €64 | - | -€64 | |
| Other amounts receivable | 41 | €64 | - | -€64 | |
| Current investments | 50/53 | €60,861 | €87,885 | +€27,023 | +44.4% |
| Total equity and liabilities | 10/49 | €60,925 | €87,885 | +€26,959 | +44.3% |
| Equity | 10/15 | €45,999 | €73,400 | +€27,402 | +59.6% |
| Contributions | 10/11 | €3,250 | €3,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,749 | €70,150 | +€27,402 | +64.1% |
| Amounts payable | 17/49 | €14,927 | €14,484 | -€442 | -3.0% |
| Amounts payable within one year | 42/48 | €14,927 | €14,484 | -€442 | -3.0% |
| Taxes, remuneration and social security | 45 | €10,727 | €10,884 | +€158 | +1.5% |
| Taxes | 450/3 | €10,727 | €10,884 | +€158 | +1.5% |
| Other amounts payable | 47/48 | €4,200 | €3,600 | -€600 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,350 | - | -€1,350 | |
| Gross operating margin | 9900 | €54,825 | €34,258 | -€20,567 | -37.5% |
| Operating profit (loss) | 9901 | €53,475 | €34,258 | -€19,217 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €53,475 | €34,258 | -€19,217 | -35.9% |
| Income taxes | 67/77 | €10,727 | €6,856 | -€3,870 | -36.1% |
| Profit (loss) for the period | 9904 | €42,749 | €27,402 | -€15,347 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,749 | €27,402 | -€15,347 | -35.9% |
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 13 October 2026 via checked.be.