Apice: 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.
Apice
Largest movements
- Cash -€81,606
down €81,606 (-90.6%), from €90,098 to €8,492
mainly Contributions, distributions and other (-€201,077) and Receivables within one year (-€65,794)
- Receivables within one year +€65,794
up €65,794 (+550.0%), from €11,963 to €77,757
of which Trade receivables: +€55,055
- Tangible fixed assets -€5,591
down €5,591 (-31.8%), from €17,567 to €11,976
of which Furniture and vehicles: -€7,109
- Profit (loss) carried forward -€106,234
down €106,234 (-91.5%), from €116,077 to €9,844
- Other debts +€85,000
new in 2025: €85,000
- Tax, wage and social debts -€1,225
down €1,225 (-100.0%), from €1,225 to €0
- Gross operating margin -€26,007
down €26,007 (-16.8%), from €154,881 to €128,873
- Taxes -€7,028
down €7,028 (-21.4%), from €32,849 to €25,821
- Financial income -€1,827
down €1,827 (-85.8%), from €2,130 to €303
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 | €120,668 | €99,272 | -€21,396 | -17.7% |
| Fixed assets | 21/28 | €18,067 | €12,476 | -€5,591 | -30.9% |
| Tangible fixed assets | 22/27 | €17,567 | €11,976 | -€5,591 | -31.8% |
| Plant, machinery and equipment | 23 | €2,108 | €3,625 | +€1,517 | +72.0% |
| Furniture and vehicles | 24 | €15,460 | €8,351 | -€7,109 | -46.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €102,601 | €86,796 | -€15,805 | -15.4% |
| Amounts receivable within one year | 40/41 | €11,963 | €77,757 | +€65,794 | +550.0% |
| Trade receivables | 40 | - | €55,055 | +€55,055 | |
| Other amounts receivable | 41 | €11,963 | €22,702 | +€10,739 | +89.8% |
| Cash at bank and in hand | 54/58 | €90,098 | €8,492 | -€81,606 | -90.6% |
| Deferred charges and accrued income | 490/1 | €540 | €547 | +€7 | +1.2% |
| Total equity and liabilities | 10/49 | €120,668 | €99,272 | -€21,396 | -17.7% |
| Equity | 10/15 | €119,077 | €12,844 | -€106,234 | -89.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,077 | €9,844 | -€106,234 | -91.5% |
| Amounts payable | 17/49 | €1,591 | €86,428 | +€84,838 | +5333.7% |
| Amounts payable within one year | 42/48 | €1,583 | €86,428 | +€84,846 | +5361.5% |
| Trade debts | 44 | €357 | €1,428 | +€1,071 | +299.6% |
| Suppliers | 440/4 | €357 | €1,428 | +€1,071 | +299.6% |
| Taxes, remuneration and social security | 45 | €1,225 | €0 | -€1,225 | -100.0% |
| Taxes | 450/3 | €1,225 | €0 | -€1,225 | -100.0% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,562 | €8,360 | +€798 | +10.6% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Gross operating margin | 9900 | €154,881 | €128,873 | -€26,007 | -16.8% |
| Operating profit (loss) | 9901 | €146,931 | €120,513 | -€26,418 | -18.0% |
| Financial income | 75/76B | €2,130 | €303 | -€1,827 | -85.8% |
| Recurring financial income | 75 | €2,130 | €303 | -€1,827 | -85.8% |
| Financial charges | 65/66B | €135 | €152 | +€17 | +12.4% |
| Recurring financial charges | 65 | €135 | €152 | +€17 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €148,926 | €120,664 | -€28,262 | -19.0% |
| Income taxes | 67/77 | €32,849 | €25,821 | -€7,028 | -21.4% |
| Profit (loss) for the period | 9904 | €116,077 | €94,844 | -€21,234 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,077 | €94,844 | -€21,234 | -18.3% |
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 10 October 2026 via checked.be.