APIUM: 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.
APIUM
Largest movements
- Receivables within one year +€30,957
up €30,957 (+124.1%), from €24,940 to €55,898
of which Trade receivables: +€26,864
- Cash -€19,342
down €19,342 (-84.2%), from €22,967 to €3,625
mainly Receivables within one year (-€30,957) and Tax, wage and social debts (-€3,369)
- Deferred charges and accrued income +€2,127
up €2,127 (+2712.5%), from €78 to €2,206
- Profit (loss) carried forward +€19,900
up €19,900 (+63.6%), from €31,266 to €51,166
- Tax, wage and social debts -€3,369
down €3,369 (-29.4%), from €11,452 to €8,084
- Trade debts -€3,180
down €3,180 (-98.3%), from €3,235 to €55
- Gross operating margin -€14,436
down €14,436 (-34.4%), from €41,935 to €27,499
- Taxes -€2,840
down €2,840 (-34.1%), from €8,330 to €5,490
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 | €48,454 | €61,805 | +€13,352 | +27.6% |
| Fixed assets | 21/28 | €468 | €77 | -€391 | -83.6% |
| Tangible fixed assets | 22/27 | €468 | €77 | -€391 | -83.6% |
| Furniture and vehicles | 24 | €468 | €77 | -€391 | -83.6% |
| Current assets | 29/58 | €47,986 | €61,728 | +€13,743 | +28.6% |
| Amounts receivable within one year | 40/41 | €24,940 | €55,898 | +€30,957 | +124.1% |
| Trade receivables | 40 | €22,469 | €49,333 | +€26,864 | +119.6% |
| Other amounts receivable | 41 | €2,471 | €6,565 | +€4,094 | +165.7% |
| Cash at bank and in hand | 54/58 | €22,967 | €3,625 | -€19,342 | -84.2% |
| Deferred charges and accrued income | 490/1 | €78 | €2,206 | +€2,127 | +2712.5% |
| Total equity and liabilities | 10/49 | €48,454 | €61,805 | +€13,352 | +27.6% |
| Equity | 10/15 | €33,766 | €53,666 | +€19,900 | +58.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,266 | €51,166 | +€19,900 | +63.6% |
| Amounts payable | 17/49 | €14,687 | €8,139 | -€6,548 | -44.6% |
| Amounts payable within one year | 42/48 | €14,687 | €8,139 | -€6,548 | -44.6% |
| Trade debts | 44 | €3,235 | €55 | -€3,180 | -98.3% |
| Suppliers | 440/4 | €3,235 | €55 | -€3,180 | -98.3% |
| Taxes, remuneration and social security | 45 | €11,452 | €8,084 | -€3,369 | -29.4% |
| Taxes | 450/3 | €11,452 | €8,084 | -€3,369 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €391 | -€314 | -44.5% |
| Other operating charges | 640/8 | €219 | €453 | +€234 | +106.9% |
| Gross operating margin | 9900 | €41,935 | €27,499 | -€14,436 | -34.4% |
| Operating profit (loss) | 9901 | €41,011 | €26,655 | -€14,356 | -35.0% |
| Financial income | 75/76B | €78 | €25 | -€53 | -67.7% |
| Recurring financial income | 75 | €78 | €25 | -€53 | -67.7% |
| Financial charges | 65/66B | €1,493 | €1,290 | -€203 | -13.6% |
| Recurring financial charges | 65 | €1,493 | €1,290 | -€203 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €39,596 | €25,390 | -€14,207 | -35.9% |
| Income taxes | 67/77 | €8,330 | €5,490 | -€2,840 | -34.1% |
| Profit (loss) for the period | 9904 | €31,266 | €19,900 | -€11,366 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,266 | €19,900 | -€11,366 | -36.4% |
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.