APICALIS: what changed
Two fiscal 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.
APICALIS
Largest movements
- Cash -€23,966
down €23,966 (-81.0%), from €29,602 to €5,636
mainly Net result for the year (-€57,502) and Receivables within one year (-€10,187)
- Receivables after one year -€18,750
no longer reported in 2025 (was €18,750)
- Receivables within one year +€10,187
up €10,187 (+34.8%), from €29,277 to €39,464
of which Trade receivables: +€14,147
- Tangible fixed assets -€4,309
down €4,309 (-31.3%), from €13,759 to €9,449
of which Furniture and vehicles: -€3,694
- Profit (loss) carried forward -€57,502
down €57,502, from €6 to -€57,496
- Tax, wage and social debts +€5,738
up €5,738 (+235.3%), from €2,438 to €8,176
- Trade debts +€5,243
up €5,243 (+41.0%), from €12,790 to €18,033
- Debts after one year +€5,180
new in 2025: €5,180
- Current portion of long-term debt +€3,219
new in 2025: €3,219
- Gross operating margin -€89,256
down €89,256, from €40,407 to -€48,849
- Taxes -€11,879
down €11,879 (-98.3%), from €12,087 to €208
- Financial charges +€704
up €704 (+37.8%), from €1,860 to €2,564
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.
Cash bridge derived
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 | €91,687 | €54,849 | -€36,838 | -40.2% |
| Fixed assets | 21/28 | €14,059 | €9,749 | -€4,309 | -30.7% |
| Tangible fixed assets | 22/27 | €13,759 | €9,449 | -€4,309 | -31.3% |
| Land and buildings | 22 | €2,280 | €1,665 | -€615 | -27.0% |
| Furniture and vehicles | 24 | €11,479 | €7,784 | -€3,694 | -32.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €77,629 | €45,100 | -€32,529 | -41.9% |
| Amounts receivable after more than one year | 29 | €18,750 | - | -€18,750 | |
| Other amounts receivable | 291 | €18,750 | - | -€18,750 | |
| Amounts receivable within one year | 40/41 | €29,277 | €39,464 | +€10,187 | +34.8% |
| Trade receivables | 40 | €25,317 | €39,464 | +€14,147 | +55.9% |
| Other amounts receivable | 41 | €3,960 | - | -€3,960 | |
| Cash at bank and in hand | 54/58 | €29,602 | €5,636 | -€23,966 | -81.0% |
| Total equity and liabilities | 10/49 | €91,687 | €54,849 | -€36,838 | -40.2% |
| Equity | 10/15 | €74,815 | €17,313 | -€57,502 | -76.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,209 | €56,209 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €54,349 | €54,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6 | -€57,496 | -€57,502 | |
| Amounts payable | 17/49 | €16,872 | €37,536 | +€20,664 | +122.5% |
| Amounts payable after more than one year | 17 | - | €5,180 | +€5,180 | |
| Financial debts | 170/4 | - | €5,180 | +€5,180 | |
| Amounts payable within one year | 42/48 | €16,872 | €32,356 | +€15,483 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,219 | +€3,219 | |
| Trade debts | 44 | €12,790 | €18,033 | +€5,243 | +41.0% |
| Suppliers | 440/4 | €12,790 | €18,033 | +€5,243 | +41.0% |
| Taxes, remuneration and social security | 45 | €2,438 | €8,176 | +€5,738 | +235.3% |
| Taxes | 450/3 | €2,438 | €8,176 | +€5,738 | +235.3% |
| Other amounts payable | 47/48 | €1,644 | €2,927 | +€1,283 | +78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,999 | €5,869 | -€130 | -2.2% |
| Other operating charges | 640/8 | €412 | €25 | -€387 | -93.9% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €40,407 | -€48,849 | -€89,256 | |
| Operating profit (loss) | 9901 | €33,996 | -€54,743 | -€88,739 | |
| Financial income | 75/76B | €1 | €13 | +€11 | +816.8% |
| Recurring financial income | 75 | €1 | €13 | +€11 | +816.8% |
| Financial charges | 65/66B | €1,860 | €2,564 | +€704 | +37.8% |
| Recurring financial charges | 65 | €1,860 | €2,564 | +€704 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €32,138 | -€57,294 | -€89,431 | |
| Income taxes | 67/77 | €12,087 | €208 | -€11,879 | -98.3% |
| Profit (loss) for the period | 9904 | €20,051 | -€57,502 | -€77,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,051 | -€57,502 | -€77,552 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.