APITOPE INTERNATIONAL: 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.
APITOPE INTERNATIONAL
Largest movements
- Receivables within one year +€526,059
up €526,059 (+2207.3%), from €23,832 to €549,891
of which Trade receivables: +€525,310
- Cash -€63,955
down €63,955 (-95.5%), from €66,992 to €3,038
mainly Receivables within one year (-€526,059) and Contributions, distributions and other (-€250,000)
- Other debts +€250,000
up €250,000, from €0 to €250,000
- Profit (loss) carried forward +€221,830
up €221,830, from -€127,979 to €93,851
- Trade debts -€9,591
down €9,591 (-19.8%), from €48,504 to €38,913
- Gross operating margin +€491,762
up €491,762, from -€16,518 to €475,244
- Financial charges -€52,905
down €52,905 (-95.7%), from €55,270 to €2,365
of which Non-recurring financial charges: -€53,368
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 | €90,825 | €553,063 | +€462,239 | +508.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €90,825 | €553,063 | +€462,239 | +508.9% |
| Amounts receivable within one year | 40/41 | €23,832 | €549,891 | +€526,059 | +2207.3% |
| Trade receivables | 40 | €22,870 | €548,180 | +€525,310 | +2296.9% |
| Other amounts receivable | 41 | €962 | €1,710 | +€748 | +77.8% |
| Cash at bank and in hand | 54/58 | €66,992 | €3,038 | -€63,955 | -95.5% |
| Deferred charges and accrued income | 490/1 | - | €135 | +€135 | |
| Total equity and liabilities | 10/49 | €90,825 | €553,063 | +€462,239 | +508.9% |
| Equity | 10/15 | €42,320 | €264,150 | +€221,830 | +524.2% |
| Contributions | 10/11 | €159,609 | €159,609 | = | 0.0% |
| Capital | 10 | €159,609 | €159,609 | = | 0.0% |
| Issued capital | 100 | €159,609 | €159,609 | = | 0.0% |
| Reserves | 13 | €10,690 | €10,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,690 | €10,690 | = | 0.0% |
| Legal reserve | 130 | €10,690 | €10,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,979 | €93,851 | +€221,830 | |
| Amounts payable | 17/49 | €48,504 | €288,913 | +€240,409 | +495.6% |
| Amounts payable within one year | 42/48 | €48,504 | €288,913 | +€240,409 | +495.6% |
| Trade debts | 44 | €48,504 | €38,913 | -€9,591 | -19.8% |
| Suppliers | 440/4 | €48,504 | €38,913 | -€9,591 | -19.8% |
| Other amounts payable | 47/48 | €0 | €250,000 | +€250,000 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €275 | €0 | -€275 | -100.0% |
| Other operating charges | 640/8 | €2,244 | €1,060 | -€1,184 | -52.7% |
| Gross operating margin | 9900 | -€16,518 | €475,244 | +€491,762 | |
| Operating profit (loss) | 9901 | -€19,038 | €474,184 | +€493,221 | |
| Financial income | 75/76B | €0 | €11 | +€11 | +3907.1% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +3907.1% |
| Financial charges | 65/66B | €55,270 | €2,365 | -€52,905 | -95.7% |
| Recurring financial charges | 65 | €1,902 | €2,365 | +€463 | +24.4% |
| Non-recurring financial charges | 66B | €53,368 | €0 | -€53,368 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€74,307 | €471,830 | +€546,137 | |
| Income taxes | 67/77 | -€9 | €0 | +€9 | |
| Profit (loss) for the period | 9904 | -€74,299 | €471,830 | +€546,128 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,299 | €471,830 | +€546,128 |
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 30 September 2026 via checked.be.