APOGALENOS: 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.
APOGALENOS
Largest movements
- Receivables within one year -€18,310
down €18,310 (-24.4%), from €74,954 to €56,644
of which Trade receivables: -€20,230
- Cash -€14,957
down €14,957 (-80.5%), from €18,577 to €3,621
mainly Trade debts (-€65,706) and Deferred charges and accrued income (-€9,419)
- Deferred charges and accrued income +€9,419
up €9,419 (+5,536%), from €170 to €9,589
- Trade debts -€65,706
down €65,706 (-46.7%), from €140,745 to €75,040
- Profit (loss) carried forward +€42,162
up €42,162 (+7.4%), from -€573,016 to -€530,855
- Gross operating margin +€114,695
up €114,695, from -€43,786 to €70,910
- Other operating charges +€8,158
up €8,158 (+40.2%), from €20,311 to €28,469
- Financial income -€1,158
down €1,158 (-100.0%), from €1,158 to €0
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 | €93,952 | €70,103 | -€23,848 | -25.4% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €93,702 | €69,853 | -€23,848 | -25.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €74,954 | €56,644 | -€18,310 | -24.4% |
| Trade receivables | 40 | €73,584 | €53,354 | -€20,230 | -27.5% |
| Other amounts receivable | 41 | €1,370 | €3,289 | +€1,919 | +140% |
| Cash at bank and in hand | 54/58 | €18,577 | €3,621 | -€14,957 | -80.5% |
| Deferred charges and accrued income | 490/1 | €170 | €9,589 | +€9,419 | +5,536% |
| Total equity and liabilities | 10/49 | €93,952 | €70,103 | -€23,848 | -25.4% |
| Equity | 10/15 | -€371,416 | -€329,255 | +€42,162 | +11.4% |
| Contributions | 10/11 | €201,600 | €201,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€573,016 | -€530,855 | +€42,162 | +7.4% |
| Amounts payable | 17/49 | €465,368 | €399,358 | -€66,010 | -14.2% |
| Amounts payable within one year | 42/48 | €465,368 | €399,358 | -€66,010 | -14.2% |
| Trade debts | 44 | €140,745 | €75,040 | -€65,706 | -46.7% |
| Suppliers | 440/4 | €140,745 | €75,040 | -€65,706 | -46.7% |
| Taxes, remuneration and social security | 45 | €304 | €0 | -€304 | -100% |
| Taxes | 450/3 | €304 | €0 | -€304 | -100% |
| Other amounts payable | 47/48 | €324,318 | €324,318 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €20,311 | €28,469 | +€8,158 | +40.2% |
| Non-recurring operating charges | 66A | €2,091 | €0 | -€2,091 | -100% |
| Gross operating margin | 9900 | -€43,786 | €70,910 | +€114,695 | |
| Operating profit (loss) | 9901 | -€66,187 | €42,441 | +€108,628 | |
| Financial income | 75/76B | €1,158 | €0 | -€1,158 | -100.0% |
| Recurring financial income | 75 | €1,158 | €0 | -€1,158 | -100.0% |
| Financial charges | 65/66B | €208 | €279 | +€71 | +34.3% |
| Recurring financial charges | 65 | €208 | €279 | +€71 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,237 | €42,162 | +€107,398 | |
| Profit (loss) for the period | 9904 | -€65,237 | €42,162 | +€107,398 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,237 | €42,162 | +€107,398 |
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 30 October 2026 via checked.be.