Apo Kuipers: 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.
Apo Kuipers
Largest movements
- Cash +€13,836
up €13,836 (+17.4%), from €79,598 to €93,434
mainly Net result for the year (+€13,000) and Tax, wage and social debts (+€1,869)
- Receivables within one year +€1,590
up €1,590 (+3.4%), from €47,135 to €48,725
of which Trade receivables: +€7,159
- Reserves +€13,000
up €13,000 (+10.1%), from €129,208 to €142,208
- Tax, wage and social debts +€1,869
new in 2025: €1,869
- Gross operating margin -€15,677
down €15,677 (-39.5%), from €39,700 to €24,023
- Taxes -€5,010
down €5,010 (-42.3%), from €11,839 to €6,829
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 | €130,752 | €146,357 | +€15,605 | +11.9% |
| Fixed assets | 21/28 | €4,018 | €4,197 | +€179 | +4.5% |
| Tangible fixed assets | 22/27 | €4,018 | €4,197 | +€179 | +4.5% |
| Plant, machinery and equipment | 23 | €784 | €2,032 | +€1,248 | +159% |
| Furniture and vehicles | 24 | €1,343 | €821 | -€522 | -38.8% |
| Other tangible fixed assets | 26 | €1,892 | €1,344 | -€548 | -29.0% |
| Current assets | 29/58 | €126,733 | €142,160 | +€15,426 | +12.2% |
| Amounts receivable within one year | 40/41 | €47,135 | €48,725 | +€1,590 | +3.4% |
| Trade receivables | 40 | €6,501 | €13,660 | +€7,159 | +110% |
| Other amounts receivable | 41 | €40,634 | €35,065 | -€5,569 | -13.7% |
| Cash at bank and in hand | 54/58 | €79,598 | €93,434 | +€13,836 | +17.4% |
| Total equity and liabilities | 10/49 | €130,752 | €146,357 | +€15,605 | +11.9% |
| Equity | 10/15 | €129,208 | €142,208 | +€13,000 | +10.1% |
| Reserves | 13 | €129,208 | €142,208 | +€13,000 | +10.1% |
| Distributable reserves | 133 | €129,208 | €142,208 | +€13,000 | +10.1% |
| Amounts payable | 17/49 | €1,544 | €4,149 | +€2,605 | +169% |
| Amounts payable within one year | 42/48 | €1,544 | €4,149 | +€2,605 | +169% |
| Trade debts | 44 | €1,544 | €2,280 | +€736 | +47.7% |
| Suppliers | 440/4 | €1,544 | €2,280 | +€736 | +47.7% |
| Taxes, remuneration and social security | 45 | - | €1,869 | +€1,869 | |
| Remuneration and social security | 454/9 | - | €1,869 | +€1,869 | |
| Remuneration, social security and pensions | 62 | €1,911 | €2,292 | +€381 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,760 | €1,598 | -€162 | -9.2% |
| Gross operating margin | 9900 | €39,700 | €24,023 | -€15,677 | -39.5% |
| Operating profit (loss) | 9901 | €36,030 | €20,133 | -€15,896 | -44.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €191 | €304 | +€113 | +59.5% |
| Recurring financial charges | 65 | €191 | €304 | +€113 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €35,839 | €19,829 | -€16,010 | -44.7% |
| Income taxes | 67/77 | €11,839 | €6,829 | -€5,010 | -42.3% |
| Profit (loss) for the period | 9904 | €24,000 | €13,000 | -€11,000 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,000 | €13,000 | -€11,000 | -45.8% |
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 21 October 2026 via checked.be.