APODIL: 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.
What changed
APODIL
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€93,602
2023 · -€101,078+€7,477
Equity
€874,016
2023 · €967,618-€93,602
Cash
€4,247
2023 · €1,294+€2,953
Balance sheet total
€2.7m
2023 · €2.9m-€137,332
Largest movements
Assets
- Tangible fixed assets -€303,951
down €303,951 (-13.0%), from €2.3m to €2.0m
- Receivables within one year +€215,934
up €215,934 (+66.0%), from €327,377 to €543,312
- Receivables after one year -€52,101
down €52,101 (-29.3%), from €178,067 to €125,966
Equity and liabilities
- Reserves -€93,602
down €93,602 (-14.3%), from €654,150 to €560,548
of which Distributable reserves: -€70,202
- Debts after one year -€76,226
down €76,226 (-5.9%), from €1.3m to €1.2m
Income statement
- Depreciation -€87,000
down €87,000 (-55.5%), from €156,631 to €69,630
- Financial charges +€56,990
up €56,990 (+176.8%), from €32,227 to €89,216
- Gross operating margin -€4,253
down €4,253 (-5.0%), from €85,330 to €81,077
- Other operating charges +€2,887
up €2,887 (+26.7%), from €10,806 to €13,693
- Financial income -€1,073
down €1,073 (-19.7%), from €5,455 to €4,382
From the 2023 result to the 2024 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.
Result 2023
-€101,078
Gross operating margin
-€4,253
Depreciation
+€87,000
Other operating charges
-€2,887
Other operating items
-€14,321
Financial income
-€1,073
Financial charges
-€56,990
Result 2024
-€93,602
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€140,891
Investment
+€234,321
Financing
-€90,477
Cash 2023
€1,294
From operations (derived)
-€140,891
Net result for the year
-€93,602
Depreciation
+€69,630
Receivables after one year
+€52,101
Receivables within one year
-€215,934
Deferred charges and accrued income
+€167
Provisions
-€7,800
Trade debts
+€1,440
Tax, wage and social debts
+€6,825
Other debts
+€26,188
Accrued charges and deferred income
+€20,094
Investment (derived)
+€234,321
Investment in fixed assets (net)
+€234,321
Financing
-€90,477
Debts after one year
-€76,226
Current portion of long-term debt
-€14,251
Cash 2024
€4,247
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,863,514 | €2,726,182 | -€137,332 | -4.8% |
| Fixed assets | 21/28 | €2,335,325 | €2,031,374 | -€303,951 | -13.0% |
| Tangible fixed assets | 22/27 | €2,335,325 | €2,031,374 | -€303,951 | -13.0% |
| Land and buildings | 22 | €2,335,325 | €2,031,374 | -€303,951 | -13.0% |
| Current assets | 29/58 | €528,188 | €694,808 | +€166,619 | +31.5% |
| Amounts receivable after more than one year | 29 | €178,067 | €125,966 | -€52,101 | -29.3% |
| Other amounts receivable | 291 | €178,067 | €125,966 | -€52,101 | -29.3% |
| Amounts receivable within one year | 40/41 | €327,377 | €543,312 | +€215,934 | +66.0% |
| Other amounts receivable | 41 | €327,377 | €543,312 | +€215,934 | +66.0% |
| Current investments | 50/53 | €19,127 | €19,127 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,294 | €4,247 | +€2,953 | +228.1% |
| Deferred charges and accrued income | 490/1 | €2,323 | €2,156 | -€167 | -7.2% |
| Total equity and liabilities | 10/49 | €2,863,514 | €2,726,182 | -€137,332 | -4.8% |
| Equity | 10/15 | €967,618 | €874,016 | -€93,602 | -9.7% |
| Contributions | 10/11 | €313,468 | €313,468 | = | 0.0% |
| Capital | 10 | €313,468 | €313,468 | = | 0.0% |
| Issued capital | 100 | €313,468 | €313,468 | = | 0.0% |
| Reserves | 13 | €654,150 | €560,548 | -€93,602 | -14.3% |
| Non-distributable reserves | 130/1 | €31,347 | €31,347 | = | 0.0% |
| Legal reserve | 130 | €31,347 | €31,347 | = | 0.0% |
| Tax-exempt reserves | 132 | €374,400 | €351,000 | -€23,400 | -6.3% |
| Distributable reserves | 133 | €248,403 | €178,202 | -€70,202 | -28.3% |
| Provisions and deferred taxes | 16 | €124,800 | €117,000 | -€7,800 | -6.3% |
| Deferred taxes | 168 | €124,800 | €117,000 | -€7,800 | -6.3% |
| Amounts payable | 17/49 | €1,771,096 | €1,735,165 | -€35,931 | -2.0% |
| Amounts payable after more than one year | 17 | €1,291,859 | €1,215,633 | -€76,226 | -5.9% |
| Financial debts | 170/4 | €1,291,859 | €1,215,633 | -€76,226 | -5.9% |
| Amounts payable within one year | 42/48 | €475,479 | €495,680 | +€20,202 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €109,874 | €95,622 | -€14,251 | -13.0% |
| Trade debts | 44 | €973 | €2,413 | +€1,440 | +148.1% |
| Suppliers | 440/4 | €973 | €2,413 | +€1,440 | +148.1% |
| Taxes, remuneration and social security | 45 | - | €6,825 | +€6,825 | |
| Taxes | 450/3 | - | €6,825 | +€6,825 | |
| Other amounts payable | 47/48 | €364,632 | €390,820 | +€26,188 | +7.2% |
| Accrued charges and deferred income | 492/3 | €3,758 | €23,852 | +€20,094 | +534.7% |
| Non-recurring operating income | 76A | €6,250 | - | -€6,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,631 | €69,630 | -€87,000 | -55.5% |
| Other operating charges | 640/8 | €10,806 | €13,693 | +€2,887 | +26.7% |
| Non-recurring operating charges | 66A | - | €14,321 | +€14,321 | |
| Gross operating margin | 9900 | €85,330 | €81,077 | -€4,253 | -5.0% |
| Operating profit (loss) | 9901 | -€82,107 | -€16,568 | +€65,539 | +79.8% |
| Financial income | 75/76B | €5,455 | €4,382 | -€1,073 | -19.7% |
| Recurring financial income | 75 | €5,455 | €4,382 | -€1,073 | -19.7% |
| Financial charges | 65/66B | €32,227 | €89,216 | +€56,990 | +176.8% |
| Recurring financial charges | 65 | €32,227 | €89,216 | +€56,990 | +176.8% |
| Profit (loss) for the period before taxes | 9903 | -€108,878 | -€101,402 | +€7,477 | +6.9% |
| Transfer from deferred taxes | 780 | €7,800 | €7,800 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€101,078 | -€93,602 | +€7,477 | +7.4% |
| Transfer from tax-exempt reserves | 789 | €23,400 | €23,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,678 | -€70,202 | +€7,477 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.