APOGO: 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.
APOGO
Largest movements
- Cash +€4,111
up €4,111 (+2615.8%), from €157 to €4,268
mainly Net result for the year (+€8,064) and Tax, wage and social debts (+€3,336)
- Tangible fixed assets +€1,059
up €1,059 (+79.9%), from €1,326 to €2,385
- Receivables within one year +€733
up €733 (+12.6%), from €5,801 to €6,534
of which Other amounts receivable: +€3,336
- Profit (loss) carried forward +€8,064
up €8,064 (+180.0%), from €4,480 to €12,544
- Advances received -€5,718
down €5,718 (-100.0%), from €5,718 to €0
- Tax, wage and social debts +€3,336
up €3,336 (+574.5%), from €581 to €3,917
- Trade debts +€1,358
up €1,358 (+53.9%), from €2,518 to €3,876
- Other debts -€915
down €915 (-22.7%), from €4,031 to €3,116
- Gross operating margin +€21,849
up €21,849, from -€8,406 to €13,443
- Taxes +€3,497
new in 2025: €3,497
- Depreciation +€589
up €589 (+163.4%), from €360 to €949
- Other operating charges -€305
down €305 (-24.1%), from €1,267 to €962
- Financial income +€184
up €184 (+393.7%), from €47 to €231
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 | €45,247 | €51,352 | +€6,104 | +13.5% |
| Fixed assets | 21/28 | €38,864 | €39,923 | +€1,059 | +2.7% |
| Tangible fixed assets | 22/27 | €1,326 | €2,385 | +€1,059 | +79.9% |
| Furniture and vehicles | 24 | €1,326 | €2,385 | +€1,059 | +79.9% |
| Financial fixed assets | 28 | €37,538 | €37,538 | = | 0.0% |
| Current assets | 29/58 | €6,384 | €11,429 | +€5,045 | +79.0% |
| Amounts receivable within one year | 40/41 | €5,801 | €6,534 | +€733 | +12.6% |
| Trade receivables | 40 | €4,823 | €2,220 | -€2,603 | -54.0% |
| Other amounts receivable | 41 | €978 | €4,313 | +€3,336 | +341.2% |
| Cash at bank and in hand | 54/58 | €157 | €4,268 | +€4,111 | +2615.8% |
| Deferred charges and accrued income | 490/1 | €426 | €627 | +€201 | +47.2% |
| Total equity and liabilities | 10/49 | €45,247 | €51,352 | +€6,104 | +13.5% |
| Equity | 10/15 | €32,380 | €40,444 | +€8,064 | +24.9% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,480 | €12,544 | +€8,064 | +180.0% |
| Amounts payable | 17/49 | €12,867 | €10,908 | -€1,959 | -15.2% |
| Amounts payable within one year | 42/48 | €12,867 | €10,908 | -€1,959 | -15.2% |
| Financial debts | 43 | €19 | €0 | -€19 | -100.0% |
| Credit institutions | 430/8 | €19 | €0 | -€19 | -100.0% |
| Trade debts | 44 | €2,518 | €3,876 | +€1,358 | +53.9% |
| Suppliers | 440/4 | €2,518 | €3,876 | +€1,358 | +53.9% |
| Advances received on contracts in progress | 46 | €5,718 | €0 | -€5,718 | -100.0% |
| Taxes, remuneration and social security | 45 | €581 | €3,917 | +€3,336 | +574.5% |
| Taxes | 450/3 | €581 | €3,917 | +€3,336 | +574.5% |
| Other amounts payable | 47/48 | €4,031 | €3,116 | -€915 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €949 | +€589 | +163.4% |
| Other operating charges | 640/8 | €1,267 | €962 | -€305 | -24.1% |
| Gross operating margin | 9900 | -€8,406 | €13,443 | +€21,849 | |
| Operating profit (loss) | 9901 | -€10,034 | €11,532 | +€21,566 | |
| Financial income | 75/76B | €47 | €231 | +€184 | +393.7% |
| Recurring financial income | 75 | €47 | €231 | +€184 | +393.7% |
| Financial charges | 65/66B | €218 | €203 | -€15 | -7.1% |
| Recurring financial charges | 65 | €218 | €203 | -€15 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,205 | €11,560 | +€21,765 | |
| Income taxes | 67/77 | - | €3,497 | +€3,497 | |
| Profit (loss) for the period | 9904 | -€10,205 | €8,064 | +€18,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,205 | €8,064 | +€18,269 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.