APOCHEM: 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.
APOCHEM
Largest movements
- Tangible fixed assets -€68,383
down €68,383 (-8.2%), from €832,691 to €764,309
of which Land and buildings: -€46,823
- Current investments +€55,235
up €55,235 (+2.3%), from €2.4m to €2.4m
- Other debts +€126,716
up €126,716 (+6.7%), from €1.9m to €2.0m
- Provisions -€124,817
down €124,817 (-7.7%), from €1.6m to €1.5m
- Provisions -€96,112
down €96,112 (-335%), from -€28,705 to -€124,817
- Financial charges +€44,410
up €44,410 (+29.9%), from €148,382 to €192,792
- Financial income +€20,617
up €20,617 (+66.7%), from €30,907 to €51,525
- Gross operating margin -€8,845
down €8,845 (-9.9%), from €89,423 to €80,578
- Depreciation -€3,261
down €3,261 (-4.5%), from €72,642 to €69,381
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 | €4,200,482 | €4,184,118 | -€16,364 | -0.4% |
| Fixed assets | 21/28 | €1,470,576 | €1,402,193 | -€68,383 | -4.7% |
| Tangible fixed assets | 22/27 | €832,691 | €764,309 | -€68,383 | -8.2% |
| Land and buildings | 22 | €799,751 | €752,928 | -€46,823 | -5.9% |
| Plant, machinery and equipment | 23 | €2,690 | €1,493 | -€1,197 | -44.5% |
| Furniture and vehicles | 24 | €30,251 | €9,888 | -€20,362 | -67.3% |
| Financial fixed assets | 28 | €637,884 | €637,884 | = | 0.0% |
| Current assets | 29/58 | €2,729,906 | €2,781,925 | +€52,019 | +1.9% |
| Amounts receivable within one year | 40/41 | €298,139 | €303,044 | +€4,905 | +1.6% |
| Trade receivables | 40 | €29,650 | €32,789 | +€3,139 | +10.6% |
| Other amounts receivable | 41 | €268,489 | €270,255 | +€1,765 | +0.7% |
| Current investments | 50/53 | €2,363,470 | €2,418,706 | +€55,235 | +2.3% |
| Cash at bank and in hand | 54/58 | €66,756 | €58,210 | -€8,546 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,540 | €1,965 | +€425 | +27.6% |
| Total equity and liabilities | 10/49 | €4,200,482 | €4,184,118 | -€16,364 | -0.4% |
| Equity | 10/15 | €672,875 | €663,693 | -€9,182 | -1.4% |
| Contributions | 10/11 | €512,000 | €512,000 | = | 0.0% |
| Capital | 10 | €512,000 | €512,000 | = | 0.0% |
| Issued capital | 100 | €512,000 | €512,000 | = | 0.0% |
| Reserves | 13 | €159,300 | €159,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,200 | €14,200 | = | 0.0% |
| Legal reserve | 130 | €14,200 | €14,200 | = | 0.0% |
| Distributable reserves | 133 | €145,100 | €145,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,575 | -€7,607 | -€9,182 | |
| Provisions and deferred taxes | 16 | €1,613,232 | €1,488,415 | -€124,817 | -7.7% |
| Provisions for liabilities and charges | 160/5 | €1,613,232 | €1,488,415 | -€124,817 | -7.7% |
| Pensions and similar obligations | 160 | €1,613,232 | €1,488,415 | -€124,817 | -7.7% |
| Amounts payable | 17/49 | €1,914,375 | €2,032,010 | +€117,635 | +6.1% |
| Amounts payable within one year | 42/48 | €1,914,375 | €2,032,010 | +€117,635 | +6.1% |
| Trade debts | 44 | €13,066 | €4,895 | -€8,171 | -62.5% |
| Suppliers | 440/4 | €13,066 | €4,895 | -€8,171 | -62.5% |
| Taxes, remuneration and social security | 45 | €7,335 | €6,426 | -€910 | -12.4% |
| Taxes | 450/3 | €7,335 | €6,426 | -€910 | -12.4% |
| Other amounts payable | 47/48 | €1,893,973 | €2,020,689 | +€126,716 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,642 | €69,381 | -€3,261 | -4.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,705 | -€124,817 | -€96,112 | -335% |
| Other operating charges | 640/8 | €3,480 | €3,631 | +€151 | +4.3% |
| Gross operating margin | 9900 | €89,423 | €80,578 | -€8,845 | -9.9% |
| Operating profit (loss) | 9901 | €42,006 | €132,383 | +€90,377 | +215% |
| Financial income | 75/76B | €30,907 | €51,525 | +€20,617 | +66.7% |
| Recurring financial income | 75 | €30,907 | €51,525 | +€20,617 | +66.7% |
| Financial charges | 65/66B | €148,382 | €192,792 | +€44,410 | +29.9% |
| Recurring financial charges | 65 | €148,382 | €192,792 | +€44,410 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | -€75,469 | -€8,885 | +€66,584 | +88.2% |
| Income taxes | 67/77 | €312 | €297 | -€15 | -4.8% |
| Profit (loss) for the period | 9904 | -€75,781 | -€9,182 | +€66,599 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,781 | -€9,182 | +€66,599 | +87.9% |
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 27 October 2026 via checked.be.