Apixa: 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.
Apixa
Largest movements
- Cash +€311,100
up €311,100 (+68.0%), from €457,303 to €768,403
mainly Depreciation (+€500,687) and Net result for the year (+€188,506)
- Tangible fixed assets -€76,097
down €76,097 (-13.9%), from €546,625 to €470,528
of which Furniture and vehicles: -€61,335
- Intangible fixed assets -€50,530
down €50,530 (-9.6%), from €529,033 to €478,503
- Receivables within one year -€36,359
down €36,359 (-6.7%), from €546,496 to €510,138
of which Other amounts receivable: -€40,273
- Profit (loss) carried forward +€163,920
up €163,920 (+10.9%), from €1.5m to €1.7m
- Debts after one year -€99,826
down €99,826 (-48.8%), from €204,623 to €104,797
of which Financial debts: -€99,826
- Tax, wage and social debts +€39,560
up €39,560 (+19.4%), from €203,552 to €243,111
of which Remuneration and social security: +€43,074
- Accrued charges and deferred income +€30,536
new in 2025: €30,536
- Gross operating margin +€152,105
up €152,105 (+6.5%), from €2.3m to €2.5m
- Staff costs +€115,099
up €115,099 (+7.0%), from €1.6m to €1.8m
- Depreciation -€59,870
down €59,870 (-10.7%), from €560,557 to €500,687
- Write-downs -€58,280
down €58,280, from €0 to -€58,280
- Other operating charges +€54,403
up €54,403 (+595%), from €9,144 to €63,546
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
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 | €2,812,927 | €2,990,921 | +€177,994 | +6.3% |
| Fixed assets | 21/28 | €1,443,955 | €1,317,328 | -€126,627 | -8.8% |
| Intangible fixed assets | 21 | €529,033 | €478,503 | -€50,530 | -9.6% |
| Tangible fixed assets | 22/27 | €546,625 | €470,528 | -€76,097 | -13.9% |
| Plant, machinery and equipment | 23 | €33,940 | €80,340 | +€46,399 | +137% |
| Furniture and vehicles | 24 | €110,173 | €48,837 | -€61,335 | -55.7% |
| Other tangible fixed assets | 26 | €402,512 | €341,351 | -€61,161 | -15.2% |
| Financial fixed assets | 28 | €368,298 | €368,298 | = | 0.0% |
| Current assets | 29/58 | €1,368,972 | €1,673,593 | +€304,621 | +22.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €546,496 | €510,138 | -€36,359 | -6.7% |
| Trade receivables | 40 | €501,296 | €505,211 | +€3,915 | +0.8% |
| Other amounts receivable | 41 | €45,200 | €4,927 | -€40,273 | -89.1% |
| Current investments | 50/53 | €346,797 | €371,383 | +€24,586 | +7.1% |
| Cash at bank and in hand | 54/58 | €457,303 | €768,403 | +€311,100 | +68.0% |
| Deferred charges and accrued income | 490/1 | €18,375 | €23,669 | +€5,294 | +28.8% |
| Total equity and liabilities | 10/49 | €2,812,927 | €2,990,921 | +€177,994 | +6.3% |
| Equity | 10/15 | €2,201,397 | €2,389,903 | +€188,506 | +8.6% |
| Contributions | 10/11 | €315,812 | €315,812 | = | 0.0% |
| Capital | 10 | €315,812 | €315,812 | = | 0.0% |
| Issued capital | 100 | €323,920 | €323,920 | = | 0.0% |
| Uncalled capital | 101 | €8,108 | €8,108 | = | 0.0% |
| Reserves | 13 | €379,189 | €403,775 | +€24,586 | +6.5% |
| Non-distributable reserves | 130/1 | €379,189 | €403,775 | +€24,586 | +6.5% |
| Legal reserve | 130 | €32,392 | €32,392 | = | 0.0% |
| Own shares acquired | 1312 | €346,797 | €371,383 | +€24,586 | +7.1% |
| Profit (loss) carried forward | 14 | €1,506,395 | €1,670,316 | +€163,920 | +10.9% |
| Amounts payable | 17/49 | €611,530 | €601,018 | -€10,512 | -1.7% |
| Amounts payable after more than one year | 17 | €204,623 | €104,797 | -€99,826 | -48.8% |
| Financial debts | 170/4 | €201,423 | €101,597 | -€99,826 | -49.6% |
| Other amounts payable | 178/9 | €3,200 | €3,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €406,907 | €465,685 | +€58,778 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €109,757 | €99,826 | -€9,931 | -9.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €93,599 | €122,748 | +€29,149 | +31.1% |
| Suppliers | 440/4 | €93,599 | €122,748 | +€29,149 | +31.1% |
| Taxes, remuneration and social security | 45 | €203,552 | €243,111 | +€39,560 | +19.4% |
| Taxes | 450/3 | €16,919 | €13,405 | -€3,514 | -20.8% |
| Remuneration and social security | 454/9 | €186,632 | €229,706 | +€43,074 | +23.1% |
| Accrued charges and deferred income | 492/3 | - | €30,536 | +€30,536 | |
| Non-recurring operating income | 76A | €0 | €17,195 | +€17,195 | |
| Remuneration, social security and pensions | 62 | €1,640,865 | €1,755,964 | +€115,099 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560,557 | €500,687 | -€59,870 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€58,280 | -€58,280 | |
| Other operating charges | 640/8 | €9,144 | €63,546 | +€54,403 | +595% |
| Non-recurring operating charges | 66A | €6,956 | €0 | -€6,956 | -100% |
| Gross operating margin | 9900 | €2,332,251 | €2,484,356 | +€152,105 | +6.5% |
| Operating profit (loss) | 9901 | €114,729 | €222,438 | +€107,709 | +93.9% |
| Financial income | 75/76B | €4,455 | €5,125 | +€670 | +15.0% |
| Recurring financial income | 75 | €4,455 | €5,125 | +€670 | +15.0% |
| Financial charges | 65/66B | €14,474 | €37,001 | +€22,527 | +156% |
| Recurring financial charges | 65 | €14,474 | €37,001 | +€22,527 | +156% |
| Profit (loss) for the period before taxes | 9903 | €104,711 | €190,563 | +€85,852 | +82.0% |
| Income taxes | 67/77 | €2,670 | €2,056 | -€614 | -23.0% |
| Profit (loss) for the period | 9904 | €102,041 | €188,506 | +€86,466 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,041 | €188,506 | +€86,466 | +84.7% |
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 15 October 2026 via checked.be.