Apoidea: 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.
Apoidea
Largest movements
- Cash +€32,452
up €32,452 (+132.7%), from €24,462 to €56,915
mainly Net result for the year (+€59,911) and Depreciation (+€3,783)
- Current investments +€10,000
up €10,000 (+2.4%), from €410,000 to €420,000
- Receivables within one year +€7,154
up €7,154 (+5590.9%), from €128 to €7,282
- Reserves +€59,911
up €59,911 (+15.5%), from €387,000 to €446,911
of which Distributable reserves: +€59,911
- Other debts -€14,668
down €14,668 (-46.1%), from €31,808 to €17,140
- Gross operating margin -€24,512
down €24,512 (-23.2%), from €105,648 to €81,136
- Taxes -€6,390
down €6,390 (-24.2%), from €26,409 to €20,019
- Depreciation -€3,125
down €3,125 (-45.2%), from €6,908 to €3,783
- Financial income -€2,484
down €2,484 (-25.3%), from €9,808 to €7,324
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 | €438,373 | €484,197 | +€45,823 | +10.5% |
| Fixed assets | 21/28 | €3,783 | - | -€3,783 | |
| Tangible fixed assets | 22/27 | €3,783 | - | -€3,783 | |
| Plant, machinery and equipment | 23 | €3,783 | - | -€3,783 | |
| Current assets | 29/58 | €434,590 | €484,197 | +€49,606 | +11.4% |
| Amounts receivable within one year | 40/41 | €128 | €7,282 | +€7,154 | +5590.9% |
| Other amounts receivable | 41 | €128 | €7,282 | +€7,154 | +5590.9% |
| Current investments | 50/53 | €410,000 | €420,000 | +€10,000 | +2.4% |
| Cash at bank and in hand | 54/58 | €24,462 | €56,915 | +€32,452 | +132.7% |
| Total equity and liabilities | 10/49 | €438,373 | €484,197 | +€45,823 | +10.5% |
| Equity | 10/15 | €405,600 | €465,511 | +€59,911 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €387,000 | €446,911 | +€59,911 | +15.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €385,140 | €445,051 | +€59,911 | +15.6% |
| Amounts payable | 17/49 | €32,774 | €18,686 | -€14,088 | -43.0% |
| Amounts payable within one year | 42/48 | €32,774 | €18,686 | -€14,088 | -43.0% |
| Trade debts | 44 | - | €1,546 | +€1,546 | |
| Suppliers | 440/4 | - | €1,546 | +€1,546 | |
| Taxes, remuneration and social security | 45 | €966 | - | -€966 | |
| Taxes | 450/3 | €966 | - | -€966 | |
| Other amounts payable | 47/48 | €31,808 | €17,140 | -€14,668 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,908 | €3,783 | -€3,125 | -45.2% |
| Other operating charges | 640/8 | €4,560 | €4,655 | +€95 | +2.1% |
| Gross operating margin | 9900 | €105,648 | €81,136 | -€24,512 | -23.2% |
| Operating profit (loss) | 9901 | €94,180 | €72,699 | -€21,482 | -22.8% |
| Financial income | 75/76B | €9,808 | €7,324 | -€2,484 | -25.3% |
| Recurring financial income | 75 | €9,808 | €7,324 | -€2,484 | -25.3% |
| Financial charges | 65/66B | €93 | €93 | = | 0.0% |
| Recurring financial charges | 65 | €93 | €93 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €103,895 | €79,930 | -€23,966 | -23.1% |
| Income taxes | 67/77 | €26,409 | €20,019 | -€6,390 | -24.2% |
| Profit (loss) for the period | 9904 | €77,487 | €59,911 | -€17,576 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,487 | €59,911 | -€17,576 | -22.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.