APOGILO: 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.
APOGILO
Largest movements
- Cash +€102,584
up €102,584 (+163.2%), from €62,873 to €165,457
mainly Current investments (+€84,000) and Net result for the year (+€23,585)
- Current investments -€84,000
down €84,000 (-54.5%), from €154,000 to €70,000
- Receivables within one year +€11,910
up €11,910 (+680.2%), from €1,751 to €13,661
of which Trade receivables: +€8,599
- Tangible fixed assets -€5,570
down €5,570 (-66.7%), from €8,354 to €2,784
- Reserves +€22,000
up €22,000 (+11.2%), from €197,200 to €219,200
- Tax, wage and social debts +€4,648
up €4,648 (+19.4%), from €23,948 to €28,596
- Other debts -€3,020
down €3,020 (-83.8%), from €3,603 to €583
- Gross operating margin -€44,172
down €44,172 (-53.4%), from €82,788 to €38,616
- Taxes -€11,499
down €11,499 (-48.1%), from €23,923 to €12,424
- Financial income -€1,929
down €1,929 (-33.0%), from €5,837 to €3,908
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 | €226,978 | €252,392 | +€25,414 | +11.2% |
| Fixed assets | 21/28 | €8,354 | €2,784 | -€5,570 | -66.7% |
| Tangible fixed assets | 22/27 | €8,354 | €2,784 | -€5,570 | -66.7% |
| Furniture and vehicles | 24 | €8,354 | €2,784 | -€5,570 | -66.7% |
| Current assets | 29/58 | €218,624 | €249,608 | +€30,984 | +14.2% |
| Amounts receivable within one year | 40/41 | €1,751 | €13,661 | +€11,910 | +680.2% |
| Trade receivables | 40 | - | €8,599 | +€8,599 | |
| Other amounts receivable | 41 | €1,751 | €5,062 | +€3,311 | +189.1% |
| Current investments | 50/53 | €154,000 | €70,000 | -€84,000 | -54.5% |
| Cash at bank and in hand | 54/58 | €62,873 | €165,457 | +€102,584 | +163.2% |
| Deferred charges and accrued income | 490/1 | - | €490 | +€490 | |
| Total equity and liabilities | 10/49 | €226,978 | €252,392 | +€25,414 | +11.2% |
| Equity | 10/15 | €199,423 | €222,175 | +€22,752 | +11.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €197,200 | €219,200 | +€22,000 | +11.2% |
| Distributable reserves | 133 | €197,200 | €219,200 | +€22,000 | +11.2% |
| Profit (loss) carried forward | 14 | €223 | €975 | +€752 | +337.2% |
| Amounts payable | 17/49 | €27,555 | €30,217 | +€2,662 | +9.7% |
| Amounts payable within one year | 42/48 | €27,555 | €29,187 | +€1,632 | +5.9% |
| Trade debts | 44 | €4 | €8 | +€4 | +100.0% |
| Suppliers | 440/4 | €4 | €8 | +€4 | +100.0% |
| Taxes, remuneration and social security | 45 | €23,948 | €28,596 | +€4,648 | +19.4% |
| Taxes | 450/3 | €23,948 | €28,596 | +€4,648 | +19.4% |
| Other amounts payable | 47/48 | €3,603 | €583 | -€3,020 | -83.8% |
| Accrued charges and deferred income | 492/3 | - | €1,030 | +€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,569 | €5,569 | = | 0.0% |
| Other operating charges | 640/8 | €529 | €800 | +€271 | +51.2% |
| Gross operating margin | 9900 | €82,788 | €38,616 | -€44,172 | -53.4% |
| Operating profit (loss) | 9901 | €76,690 | €32,247 | -€44,443 | -58.0% |
| Financial income | 75/76B | €5,837 | €3,908 | -€1,929 | -33.0% |
| Recurring financial income | 75 | €5,837 | €3,908 | -€1,929 | -33.0% |
| Financial charges | 65/66B | €196 | €146 | -€50 | -25.5% |
| Recurring financial charges | 65 | €196 | €146 | -€50 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €82,331 | €36,009 | -€46,322 | -56.3% |
| Income taxes | 67/77 | €23,923 | €12,424 | -€11,499 | -48.1% |
| Profit (loss) for the period | 9904 | €58,408 | €23,585 | -€34,823 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,408 | €23,585 | -€34,823 | -59.6% |
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 11 October 2026 via checked.be.