APOGEE: 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.
APOGEE
Largest movements
- Tangible fixed assets -€79,613
down €79,613 (-2.0%), from €4.0m to €3.9m
- Debts within one year +€123,030
up €123,030 (+166.2%), from €74,035 to €197,065
- Profit (loss) carried forward -€92,002
down €92,002 (-11.6%), from €792,391 to €700,389
- Debts after one year -€87,385
down €87,385 (-6.2%), from €1.4m to €1.3m
- Taxes +€19,830
up €19,830 (+2440.5%), from €813 to €20,643
- Gross operating margin -€15,031
down €15,031 (-24.1%), from €62,483 to €47,452
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,041,528 | €3,979,079 | -€62,449 | -1.5% |
| Fixed assets | 21/28 | €3,976,023 | €3,896,410 | -€79,613 | -2.0% |
| Tangible fixed assets | 22/27 | €3,976,023 | €3,896,410 | -€79,613 | -2.0% |
| Current assets | 29/58 | €65,506 | €82,670 | +€17,164 | +26.2% |
| Cash at bank and in hand | 54/58 | €4,743 | €3,832 | -€911 | -19.2% |
| Total equity and liabilities | 10/49 | €4,041,528 | €3,979,079 | -€62,449 | -1.5% |
| Equity | 10/15 | €2,495,006 | €2,398,984 | -€96,022 | -3.8% |
| Contributions | 10/11 | €1,549,335 | €1,549,335 | = | 0.0% |
| Reserves | 13 | €153,280 | €149,260 | -€4,021 | -2.6% |
| Profit (loss) carried forward | 14 | €792,391 | €700,389 | -€92,002 | -11.6% |
| Provisions and deferred taxes | 16 | €57,993 | €55,922 | -€2,071 | -3.6% |
| Amounts payable | 17/49 | €1,488,529 | €1,524,174 | +€35,645 | +2.4% |
| Amounts payable after more than one year | 17 | €1,414,494 | €1,327,109 | -€87,385 | -6.2% |
| Amounts payable within one year | 42/48 | €74,035 | €197,065 | +€123,030 | +166.2% |
| Trade debts | 44 | €41,456 | €1,721 | -€39,735 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,613 | €79,613 | = | 0.0% |
| Gross operating margin | 9900 | €62,483 | €47,452 | -€15,031 | -24.1% |
| Operating profit (loss) | 9901 | -€27,557 | -€47,075 | -€19,518 | -70.8% |
| Recurring financial income | 75 | €37,144 | - | -€37,144 | |
| Recurring financial charges | 65 | €36,113 | €30,376 | -€5,736 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,525 | -€77,451 | -€50,926 | -192.0% |
| Income taxes | 67/77 | €813 | €20,643 | +€19,830 | +2440.5% |
| Profit (loss) for the period | 9904 | -€25,266 | -€96,022 | -€70,756 | -280.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,246 | -€92,002 | -€70,756 | -333.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.