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APMEX: 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.

What changed

APMEX

BE 0477.737.272
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,239
2024 · -€8,756+€7,517
Equity
€1.5m
2024 · €1.5m-€1,239
Cash
€173,147
2024 · €152,237+€20,910
Balance sheet total
€1.9m
2024 · €1.9m-€1,358

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€22,716

    down €22,716 (-1.3%), from €1.8m to €1.8m

  • Cash +€20,910

    up €20,910 (+13.7%), from €152,237 to €173,147

    mainly Receivables within one year (+€22,716)

Equity and liabilities

No liability line moved by more than 1% of the balance sheet total.

    Income statement
    • Other operating charges -€10,352

      down €10,352 (-93.5%), from €11,076 to €725

    • Gross operating margin -€3,616

      down €3,616, from €3,265 to -€351

    • Financial charges -€795

      down €795 (-82.9%), from €958 to €163

    From the 2024 result to the 2025 result

    effect on the 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.

    Result 2024 -€8,756
    Gross operating margin -€3,616
    Other operating charges +€10,352
    Financial income -€1
    Financial charges +€795
    Taxes -€12
    Result 2025 -€1,239

    Cash bridge derived

    cash 2024 to 2025

    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.

    From operations +€20,910
    Investment €0
    Financing €0
    Cash 2024 €152,237
    Net result for the year -€1,239
    Receivables within one year +€22,716
    Deferred charges and accrued income -€448
    Trade debts -€119
    Cash 2025 €173,147
    Every line side by side 30 lines
    Line Code 2024 2025 Change %
    Total assets 20/58 €1,934,953 €1,933,595 -€1,358 -0.1%
    Current assets 29/58 €1,934,953 €1,933,595 -€1,358 -0.1%
    Amounts receivable within one year 40/41 €1,782,716 €1,760,000 -€22,716 -1.3%
    Other amounts receivable 41 €1,782,716 €1,760,000 -€22,716 -1.3%
    Cash at bank and in hand 54/58 €152,237 €173,147 +€20,910 +13.7%
    Deferred charges and accrued income 490/1 - €448 +€448
    Total equity and liabilities 10/49 €1,934,953 €1,933,595 -€1,358 -0.1%
    Equity 10/15 €1,513,304 €1,512,065 -€1,239 -0.1%
    Contributions 10/11 €18,600 €18,600 = 0.0%
    Reserves 13 €1,337,420 €1,337,420 = 0.0%
    Tax-exempt reserves 132 €1,317,965 €1,317,965 = 0.0%
    Distributable reserves 133 €19,455 €19,455 = 0.0%
    Profit (loss) carried forward 14 €157,284 €156,045 -€1,239 -0.8%
    Provisions and deferred taxes 16 €421,529 €421,529 = 0.0%
    Deferred taxes 168 €421,529 €421,529 = 0.0%
    Amounts payable 17/49 €119 - -€119
    Amounts payable within one year 42/48 €119 - -€119
    Trade debts 44 €119 - -€119
    Suppliers 440/4 €119 - -€119
    Other operating charges 640/8 €11,076 €725 -€10,352 -93.5%
    Gross operating margin 9900 €3,265 -€351 -€3,616
    Operating profit (loss) 9901 -€7,811 -€1,076 +€6,736 +86.2%
    Financial income 75/76B €1 - -€1
    Recurring financial income 75 €1 - -€1
    Financial charges 65/66B €958 €163 -€795 -82.9%
    Recurring financial charges 65 €958 €163 -€795 -82.9%
    Profit (loss) for the period before taxes 9903 -€8,768 -€1,239 +€7,529 +85.9%
    Income taxes 67/77 -€12 - +€12
    Profit (loss) for the period 9904 -€8,756 -€1,239 +€7,517 +85.8%
    Profit (loss) for the period to be appropriated 9905 -€8,756 -€1,239 +€7,517 +85.8%

    Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.