Apollo Invest: 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 Invest
Largest movements
- Current investments +€19,500
new in 2025: €19,500
- Cash -€17,811
down €17,811 (-92.8%), from €19,187 to €1,376
mainly Contributions, distributions and other (-€63,326) and Current investments (-€19,500)
- Tangible fixed assets -€8,958
down €8,958 (-15.1%), from €59,374 to €50,416
of which Furniture and vehicles: -€7,929
- Receivables within one year +€6,500
up €6,500 (+108%), from €6,000 to €12,500
- Tax, wage and social debts -€1,561
down €1,561 (-12.2%), from €12,840 to €11,279
- Financial income -€7,365
down €7,365 (-97.1%), from €7,586 to €221
- Gross operating margin -€6,188
down €6,188 (-6.1%), from €101,229 to €95,041
- Depreciation +€4,852
up €4,852 (+118%), from €4,106 to €8,958
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 | €85,802 | €84,738 | -€1,064 | -1.2% |
| Fixed assets | 21/28 | €59,374 | €50,416 | -€8,958 | -15.1% |
| Tangible fixed assets | 22/27 | €59,374 | €50,416 | -€8,958 | -15.1% |
| Land and buildings | 22 | €22,807 | €21,777 | -€1,030 | -4.5% |
| Furniture and vehicles | 24 | €36,567 | €28,638 | -€7,929 | -21.7% |
| Current assets | 29/58 | €26,428 | €34,322 | +€7,894 | +29.9% |
| Amounts receivable within one year | 40/41 | €6,000 | €12,500 | +€6,500 | +108% |
| Other amounts receivable | 41 | €6,000 | €12,500 | +€6,500 | +108% |
| Current investments | 50/53 | - | €19,500 | +€19,500 | |
| Cash at bank and in hand | 54/58 | €19,187 | €1,376 | -€17,811 | -92.8% |
| Deferred charges and accrued income | 490/1 | €1,241 | €946 | -€295 | -23.8% |
| Total equity and liabilities | 10/49 | €85,802 | €84,738 | -€1,064 | -1.2% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €82,802 | €81,738 | -€1,064 | -1.3% |
| Amounts payable within one year | 42/48 | €82,802 | €81,738 | -€1,064 | -1.3% |
| Trade debts | 44 | €790 | €743 | -€48 | -6.0% |
| Suppliers | 440/4 | €790 | €743 | -€48 | -6.0% |
| Taxes, remuneration and social security | 45 | €12,840 | €11,279 | -€1,561 | -12.2% |
| Taxes | 450/3 | €12,840 | €11,279 | -€1,561 | -12.2% |
| Other amounts payable | 47/48 | €69,172 | €69,716 | +€544 | +0.8% |
| Non-recurring operating income | 76A | €6,797 | - | -€6,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,106 | €8,958 | +€4,852 | +118% |
| Other operating charges | 640/8 | €1,023 | €740 | -€283 | -27.6% |
| Gross operating margin | 9900 | €101,229 | €95,041 | -€6,188 | -6.1% |
| Operating profit (loss) | 9901 | €96,101 | €85,343 | -€10,758 | -11.2% |
| Financial income | 75/76B | €7,586 | €221 | -€7,365 | -97.1% |
| Recurring financial income | 75 | €7,586 | €221 | -€7,365 | -97.1% |
| Financial charges | 65/66B | €376 | €54 | -€322 | -85.6% |
| Recurring financial charges | 65 | €376 | €54 | -€322 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €103,311 | €85,510 | -€17,801 | -17.2% |
| Income taxes | 67/77 | €22,037 | €22,184 | +€147 | +0.7% |
| Profit (loss) for the period | 9904 | €81,274 | €63,326 | -€17,948 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,274 | €63,326 | -€17,948 | -22.1% |
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 27 October 2026 via checked.be.