Apocoba: 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.
Apocoba
Largest movements
- Current investments +€55,589
up €55,589 (+10.5%), from €530,356 to €585,945
- Cash -€32,710
down €32,710 (-25.7%), from €127,271 to €94,562
mainly Current investments (-€55,589) and Tax, wage and social debts (-€8,884)
- Reserves +€35,751
up €35,751 (+5.7%), from €631,592 to €667,343
- Tax, wage and social debts -€8,884
down €8,884 (-62.5%), from €14,217 to €5,333
- Gross operating margin +€3,248
up €3,248 (+7.8%), from €41,441 to €44,688
- Taxes +€2,223
up €2,223 (+14.5%), from €15,360 to €17,582
- Financial income +€1,930
up €1,930 (+19.6%), from €9,837 to €11,767
- Depreciation -€768
down €768 (-40.8%), from €1,881 to €1,113
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 | €675,640 | €701,000 | +€25,360 | +3.8% |
| Fixed assets | 21/28 | €5,144 | €4,031 | -€1,113 | -21.6% |
| Tangible fixed assets | 22/27 | €5,144 | €4,031 | -€1,113 | -21.6% |
| Plant, machinery and equipment | 23 | €4,682 | €4,031 | -€651 | -13.9% |
| Furniture and vehicles | 24 | €462 | - | -€462 | |
| Current assets | 29/58 | €670,496 | €696,969 | +€26,473 | +3.9% |
| Amounts receivable within one year | 40/41 | €9,337 | €12,451 | +€3,114 | +33.4% |
| Trade receivables | 40 | €8,411 | €12,451 | +€4,040 | +48.0% |
| Other amounts receivable | 41 | €926 | - | -€926 | |
| Current investments | 50/53 | €530,356 | €585,945 | +€55,589 | +10.5% |
| Cash at bank and in hand | 54/58 | €127,271 | €94,562 | -€32,710 | -25.7% |
| Deferred charges and accrued income | 490/1 | €3,533 | €4,011 | +€479 | +13.6% |
| Total equity and liabilities | 10/49 | €675,640 | €701,000 | +€25,360 | +3.8% |
| Equity | 10/15 | €643,942 | €679,693 | +€35,751 | +5.6% |
| Contributions | 10/11 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €631,592 | €667,343 | +€35,751 | +5.7% |
| Distributable reserves | 133 | €631,592 | €667,343 | +€35,751 | +5.7% |
| Amounts payable | 17/49 | €31,698 | €21,307 | -€10,391 | -32.8% |
| Amounts payable within one year | 42/48 | €30,592 | €20,517 | -€10,075 | -32.9% |
| Financial debts | 43 | - | €239 | +€239 | |
| Credit institutions | 430/8 | - | €239 | +€239 | |
| Trade debts | 44 | €3,458 | €5,677 | +€2,220 | +64.2% |
| Suppliers | 440/4 | €3,458 | €5,677 | +€2,220 | +64.2% |
| Taxes, remuneration and social security | 45 | €14,217 | €5,333 | -€8,884 | -62.5% |
| Taxes | 450/3 | €14,217 | €5,333 | -€8,884 | -62.5% |
| Other amounts payable | 47/48 | €12,917 | €9,268 | -€3,649 | -28.3% |
| Accrued charges and deferred income | 492/3 | €1,106 | €791 | -€316 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881 | €1,113 | -€768 | -40.8% |
| Other operating charges | 640/8 | €767 | €585 | -€181 | -23.6% |
| Gross operating margin | 9900 | €41,441 | €44,688 | +€3,248 | +7.8% |
| Operating profit (loss) | 9901 | €38,793 | €42,990 | +€4,197 | +10.8% |
| Financial income | 75/76B | €9,837 | €11,767 | +€1,930 | +19.6% |
| Recurring financial income | 75 | €9,837 | €11,767 | +€1,930 | +19.6% |
| Financial charges | 65/66B | €1,841 | €1,424 | -€416 | -22.6% |
| Recurring financial charges | 65 | €1,841 | €1,424 | -€416 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €46,790 | €53,333 | +€6,544 | +14.0% |
| Income taxes | 67/77 | €15,360 | €17,582 | +€2,223 | +14.5% |
| Profit (loss) for the period | 9904 | €31,430 | €35,751 | +€4,321 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,430 | €35,751 | +€4,321 | +13.7% |
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 23 October 2026 via checked.be.