Apollo 13: 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.
Apollo 13
Largest movements
- Receivables within one year -€381,155
down €381,155 (-56.1%), from €678,846 to €297,691
of which Trade receivables: -€278,297
- Cash -€41,932
down €41,932 (-96.7%), from €43,379 to €1,447
mainly Tax, wage and social debts (-€293,914) and Trade debts (-€106,258)
- Tax, wage and social debts -€293,914
down €293,914 (-99.0%), from €296,735 to €2,821
of which Taxes: -€292,226
- Trade debts -€106,258
down €106,258 (-88.1%), from €120,570 to €14,312
- Profit (loss) carried forward -€17,843
down €17,843 (-25.2%), from €70,915 to €53,072
- Accrued charges and deferred income -€8,623
down €8,623 (-100%), from €8,623 to €0
- Staff costs -€19,919
down €19,919 (-81.8%), from €24,359 to €4,440
- Other operating charges -€5,684
down €5,684 (-63.5%), from €8,946 to €3,262
- Financial charges +€1,220
up €1,220 (+82.8%), from €1,474 to €2,693
- Gross operating margin -€598
down €598 (-13.5%), from -€4,424 to -€5,021
- Taxes +€565
up €565 (+66.8%), from €845 to €1,410
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €729,360 | €302,721 | -€426,638 | -58.5% |
| Fixed assets | 21/28 | €4,576 | €3,560 | -€1,016 | -22.2% |
| Tangible fixed assets | 22/27 | €4,396 | €3,380 | -€1,016 | -23.1% |
| Furniture and vehicles | 24 | €4,396 | €3,380 | -€1,016 | -23.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €724,784 | €299,161 | -€425,623 | -58.7% |
| Amounts receivable within one year | 40/41 | €678,846 | €297,691 | -€381,155 | -56.1% |
| Trade receivables | 40 | €286,366 | €8,069 | -€278,297 | -97.2% |
| Other amounts receivable | 41 | €392,480 | €289,622 | -€102,858 | -26.2% |
| Cash at bank and in hand | 54/58 | €43,379 | €1,447 | -€41,932 | -96.7% |
| Deferred charges and accrued income | 490/1 | €2,559 | €24 | -€2,535 | -99.1% |
| Total equity and liabilities | 10/49 | €729,360 | €302,721 | -€426,638 | -58.5% |
| Equity | 10/15 | €303,432 | €285,589 | -€17,843 | -5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €220,117 | €220,117 | = | 0.0% |
| 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 | €218,257 | €218,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,915 | €53,072 | -€17,843 | -25.2% |
| Amounts payable | 17/49 | €425,928 | €17,132 | -€408,796 | -96.0% |
| Amounts payable within one year | 42/48 | €417,305 | €17,132 | -€400,173 | -95.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €120,570 | €14,312 | -€106,258 | -88.1% |
| Suppliers | 440/4 | €120,570 | €14,312 | -€106,258 | -88.1% |
| Taxes, remuneration and social security | 45 | €296,735 | €2,821 | -€293,914 | -99.0% |
| Taxes | 450/3 | €295,046 | €2,821 | -€292,226 | -99.0% |
| Remuneration and social security | 454/9 | €1,689 | €0 | -€1,689 | -100% |
| Accrued charges and deferred income | 492/3 | €8,623 | €0 | -€8,623 | -100% |
| Remuneration, social security and pensions | 62 | €24,359 | €4,440 | -€19,919 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951 | €1,016 | +€65 | +6.9% |
| Other operating charges | 640/8 | €8,946 | €3,262 | -€5,684 | -63.5% |
| Gross operating margin | 9900 | -€4,424 | -€5,021 | -€598 | -13.5% |
| Operating profit (loss) | 9901 | -€38,679 | -€13,739 | +€24,939 | +64.5% |
| Financial income | 75/76B | €43 | €0 | -€43 | -100% |
| Recurring financial income | 75 | €43 | €0 | -€43 | -100% |
| Financial charges | 65/66B | €1,474 | €2,693 | +€1,220 | +82.8% |
| Recurring financial charges | 65 | €1,474 | €2,693 | +€1,220 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | -€40,109 | -€16,433 | +€23,677 | +59.0% |
| Income taxes | 67/77 | €845 | €1,410 | +€565 | +66.8% |
| Profit (loss) for the period | 9904 | -€40,955 | -€17,843 | +€23,112 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,955 | -€17,843 | +€23,112 | +56.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.