Apodaca's: 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.
Apodaca's
Largest movements
- Tangible fixed assets +€134,055
up €134,055 (+28.0%), from €477,974 to €612,029
of which Furniture and vehicles: +€135,169
- Receivables within one year +€89,940
up €89,940 (+1970.4%), from €4,564 to €94,504
- Cash -€35,452
no longer reported in 2025 (was €35,452)
mainly Investment in fixed assets (net) (-€165,022) and Receivables within one year (-€89,940)
- Trade debts +€74,131
up €74,131 (+128.8%), from €57,548 to €131,680
- Debts after one year +€40,820
up €40,820 (+23.5%), from €173,628 to €214,448
- Other debts +€33,792
up €33,792 (+9.4%), from €360,941 to €394,733
- Current portion of long-term debt +€19,660
up €19,660 (+82.0%), from €23,976 to €43,636
- Short-term financial debts +€11,557
new in 2025: €11,557
- Gross operating margin +€16,470
up €16,470 (+54.5%), from €30,246 to €46,716
- Financial charges +€4,497
up €4,497 (+87.9%), from €5,117 to €9,614
- Other operating charges -€2,656
down €2,656 (-78.7%), from €3,374 to €718
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 | €518,291 | €706,833 | +€188,543 | +36.4% |
| Fixed assets | 21/28 | €478,274 | €612,329 | +€134,055 | +28.0% |
| Tangible fixed assets | 22/27 | €477,974 | €612,029 | +€134,055 | +28.0% |
| Plant, machinery and equipment | 23 | €3,791 | €2,677 | -€1,114 | -29.4% |
| Furniture and vehicles | 24 | €474,184 | €609,352 | +€135,169 | +28.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €40,016 | €94,504 | +€54,488 | +136.2% |
| Amounts receivable within one year | 40/41 | €4,564 | €94,504 | +€89,940 | +1970.4% |
| Trade receivables | 40 | €4,564 | €94,504 | +€89,940 | +1970.4% |
| Cash at bank and in hand | 54/58 | €35,452 | - | -€35,452 | |
| Total equity and liabilities | 10/49 | €518,291 | €706,833 | +€188,543 | +36.4% |
| Equity | 10/15 | -€98,547 | -€93,107 | +€5,440 | +5.5% |
| Contributions | 10/11 | €7,501 | €7,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,048 | -€100,608 | +€5,440 | +5.1% |
| Amounts payable | 17/49 | €616,837 | €799,940 | +€183,103 | +29.7% |
| Amounts payable after more than one year | 17 | €173,628 | €214,448 | +€40,820 | +23.5% |
| Financial debts | 170/4 | €173,628 | €214,448 | +€40,820 | +23.5% |
| Amounts payable within one year | 42/48 | €443,210 | €583,682 | +€140,473 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €23,976 | €43,636 | +€19,660 | +82.0% |
| Financial debts | 43 | - | €11,557 | +€11,557 | |
| Credit institutions | 430/8 | - | €11,557 | +€11,557 | |
| Trade debts | 44 | €57,548 | €131,680 | +€74,131 | +128.8% |
| Suppliers | 440/4 | €57,548 | €131,680 | +€74,131 | +128.8% |
| Taxes, remuneration and social security | 45 | €744 | €2,076 | +€1,333 | +179.2% |
| Taxes | 450/3 | €744 | €2,076 | +€1,333 | +179.2% |
| Other amounts payable | 47/48 | €360,941 | €394,733 | +€33,792 | +9.4% |
| Accrued charges and deferred income | 492/3 | - | €1,810 | +€1,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,967 | €30,967 | = | 0.0% |
| Other operating charges | 640/8 | €3,374 | €718 | -€2,656 | -78.7% |
| Non-recurring operating charges | 66A | €1,066 | - | -€1,066 | |
| Gross operating margin | 9900 | €30,246 | €46,716 | +€16,470 | +54.5% |
| Operating profit (loss) | 9901 | -€5,161 | €15,031 | +€20,192 | |
| Financial income | 75/76B | €0 | €23 | +€23 | +9654.2% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +9654.2% |
| Financial charges | 65/66B | €5,117 | €9,614 | +€4,497 | +87.9% |
| Recurring financial charges | 65 | €5,117 | €9,614 | +€4,497 | +87.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,277 | €5,440 | +€15,717 | |
| Profit (loss) for the period | 9904 | -€10,277 | €5,440 | +€15,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,277 | €5,440 | +€15,717 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.