APOCAN: 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.
APOCAN
Largest movements
- Stocks and contracts -€21,779
down €21,779 (-13.9%), from €157,202 to €135,424
- Cash -€3,990
down €3,990 (-61.3%), from €6,511 to €2,522
mainly Current portion of long-term debt (-€9,780) and Tax, wage and social debts (-€8,447)
- Tangible fixed assets -€1,817
no longer reported in 2025 (was €1,817)
of which Furniture and vehicles: -€1,667
- Current portion of long-term debt -€9,780
down €9,780 (-54.3%), from €18,000 to €8,220
- Tax, wage and social debts -€8,447
down €8,447 (-50.9%), from €16,590 to €8,143
of which Remuneration and social security: -€6,462
- Profit (loss) carried forward -€7,995
down €7,995 (-4804.2%), from -€166 to -€8,161
- Trade debts +€2,375
up €2,375 (+2.2%), from €107,903 to €110,279
- Other debts -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin +€6,030
up €6,030 (+55.1%), from -€10,942 to -€4,913
- Staff costs +€5,654
no longer reported in 2025 (was -€5,654)
- Other operating charges -€1,003
down €1,003 (-52.6%), from €1,908 to €905
- Taxes +€144
new in 2025: €144
- Financial charges -€135
down €135 (-38.5%), from €352 to €216
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 | €166,287 | €138,940 | -€27,347 | -16.4% |
| Fixed assets | 21/28 | €2,522 | €705 | -€1,817 | -72.0% |
| Tangible fixed assets | 22/27 | €1,817 | - | -€1,817 | |
| Plant, machinery and equipment | 23 | €150 | - | -€150 | |
| Furniture and vehicles | 24 | €1,667 | - | -€1,667 | |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €163,765 | €138,235 | -€25,530 | -15.6% |
| Stocks and contracts in progress | 3 | €157,202 | €135,424 | -€21,779 | -13.9% |
| Stocks | 30/36 | €157,202 | €135,424 | -€21,779 | -13.9% |
| Amounts receivable within one year | 40/41 | €51 | €290 | +€239 | +465.4% |
| Other amounts receivable | 41 | €51 | €290 | +€239 | +465.4% |
| Cash at bank and in hand | 54/58 | €6,511 | €2,522 | -€3,990 | -61.3% |
| Total equity and liabilities | 10/49 | €166,287 | €138,940 | -€27,347 | -16.4% |
| Equity | 10/15 | €20,294 | €12,299 | -€7,995 | -39.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166 | -€8,161 | -€7,995 | -4804.2% |
| Amounts payable | 17/49 | €145,993 | €126,641 | -€19,352 | -13.3% |
| Amounts payable within one year | 42/48 | €144,493 | €126,641 | -€17,852 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €8,220 | -€9,780 | -54.3% |
| Trade debts | 44 | €107,903 | €110,279 | +€2,375 | +2.2% |
| Suppliers | 440/4 | €107,903 | €110,279 | +€2,375 | +2.2% |
| Taxes, remuneration and social security | 45 | €16,590 | €8,143 | -€8,447 | -50.9% |
| Taxes | 450/3 | €5,452 | €3,467 | -€1,985 | -36.4% |
| Remuneration and social security | 454/9 | €11,138 | €4,676 | -€6,462 | -58.0% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | -€5,654 | - | +€5,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €1,817 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,908 | €905 | -€1,003 | -52.6% |
| Gross operating margin | 9900 | -€10,942 | -€4,913 | +€6,030 | +55.1% |
| Operating profit (loss) | 9901 | -€9,013 | -€7,634 | +€1,379 | +15.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €352 | €216 | -€135 | -38.5% |
| Recurring financial charges | 65 | €352 | €216 | -€135 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,365 | -€7,851 | +€1,514 | +16.2% |
| Income taxes | 67/77 | - | €144 | +€144 | |
| Profit (loss) for the period | 9904 | -€9,365 | -€7,995 | +€1,370 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,365 | -€7,995 | +€1,370 | +14.6% |
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 10 October 2026 via checked.be.