APOLLINECTAR: 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.
APOLLINECTAR
Largest movements
- Receivables within one year -€11,833
down €11,833 (-56.1%), from €21,094 to €9,261
of which Trade receivables: -€11,827
- Cash +€4,200
up €4,200 (+31.3%), from €13,433 to €17,633
mainly Receivables within one year (+€11,833) and Other debts (+€1,528)
- Tangible fixed assets -€1,077
down €1,077 (-23.0%), from €4,679 to €3,602
of which Other tangible fixed assets: -€579
- Tax, wage and social debts -€5,690
down €5,690 (-44.4%), from €12,816 to €7,127
of which Taxes: -€3,625
- Trade debts -€2,547
down €2,547 (-88.4%), from €2,880 to €334
- Profit (loss) carried forward -€1,939
down €1,939 (-11.4%), from €16,955 to €15,016
- Other debts +€1,528
up €1,528 (+26.8%), from €5,694 to €7,221
- Gross operating margin -€10,362
down €10,362 (-72.5%), from €14,285 to €3,924
- Financial charges +€1,332
up €1,332 (+87.5%), from €1,523 to €2,855
- Taxes -€1,070
down €1,070 (-44.7%), from €2,397 to €1,327
- Other operating charges -€184
down €184 (-23.4%), from €788 to €604
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 | €39,558 | €30,855 | -€8,703 | -22.0% |
| Fixed assets | 21/28 | €4,679 | €3,602 | -€1,077 | -23.0% |
| Tangible fixed assets | 22/27 | €4,679 | €3,602 | -€1,077 | -23.0% |
| Furniture and vehicles | 24 | €944 | €446 | -€498 | -52.7% |
| Other tangible fixed assets | 26 | €3,735 | €3,156 | -€579 | -15.5% |
| Current assets | 29/58 | €34,879 | €27,252 | -€7,626 | -21.9% |
| Amounts receivable within one year | 40/41 | €21,094 | €9,261 | -€11,833 | -56.1% |
| Trade receivables | 40 | €18,416 | €6,589 | -€11,827 | -64.2% |
| Other amounts receivable | 41 | €2,678 | €2,672 | -€6 | -0.2% |
| Cash at bank and in hand | 54/58 | €13,433 | €17,633 | +€4,200 | +31.3% |
| Deferred charges and accrued income | 490/1 | €352 | €359 | +€7 | +2.0% |
| Total equity and liabilities | 10/49 | €39,558 | €30,855 | -€8,703 | -22.0% |
| Equity | 10/15 | €17,455 | €15,516 | -€1,939 | -11.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,955 | €15,016 | -€1,939 | -11.4% |
| Amounts payable | 17/49 | €22,103 | €15,339 | -€6,764 | -30.6% |
| Amounts payable within one year | 42/48 | €21,390 | €14,682 | -€6,709 | -31.4% |
| Trade debts | 44 | €2,880 | €334 | -€2,547 | -88.4% |
| Suppliers | 440/4 | €2,880 | €334 | -€2,547 | -88.4% |
| Taxes, remuneration and social security | 45 | €12,816 | €7,127 | -€5,690 | -44.4% |
| Taxes | 450/3 | €10,751 | €7,127 | -€3,625 | -33.7% |
| Remuneration and social security | 454/9 | €2,065 | €0 | -€2,065 | -100% |
| Other amounts payable | 47/48 | €5,694 | €7,221 | +€1,528 | +26.8% |
| Accrued charges and deferred income | 492/3 | €712 | €657 | -€55 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €1,077 | +€71 | +7.1% |
| Other operating charges | 640/8 | €788 | €604 | -€184 | -23.4% |
| Gross operating margin | 9900 | €14,285 | €3,924 | -€10,362 | -72.5% |
| Operating profit (loss) | 9901 | €12,492 | €2,243 | -€10,249 | -82.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,523 | €2,855 | +€1,332 | +87.5% |
| Recurring financial charges | 65 | €1,523 | €2,855 | +€1,332 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €10,969 | -€612 | -€11,581 | |
| Income taxes | 67/77 | €2,397 | €1,327 | -€1,070 | -44.7% |
| Profit (loss) for the period | 9904 | €8,572 | -€1,939 | -€10,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,572 | -€1,939 | -€10,511 |
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 17 October 2026 via checked.be.