Apollo Topco: 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.
What changed
Apollo Topco
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€75,609
2024 · -€43,979+€119,588
Equity
€334.1m
2024 · €334.1m+€75,609
Cash
€28,013
2024 · €1.0m-€989,303
Balance sheet total
€334.7m
2024 · €334.5m+€197,650
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover +€82,903
up €82,903 (+6.0%), from €1.4m to €1.5m
- Financial income +€52,845
up €52,845 (+30.2%), from €175,012 to €227,857
- Services and other goods -€43,178
down €43,178 (-2.7%), from €1.6m to €1.6m
- Taxes +€25,029
up €25,029 (+401.9%), from €6,227 to €31,256
- Financial charges +€17,427
up €17,427 (+671.2%), from €2,596 to €20,023
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.
Result 2024
-€43,979
Turnover
+€82,903
Other operating income
-€11,209
Services and other goods
+€43,178
Other operating charges
-€5,673
Financial income
+€52,845
Financial charges
-€17,427
Taxes
-€25,029
Result 2025
€75,609
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.
From operations
-€284,218
Investment
-€705,084
Financing
€0
Cash 2024
€1.0m
From operations (derived)
-€284,218
Net result for the year
+€75,609
Receivables within one year
-€489,798
Deferred charges and accrued income
+€7,930
Trade debts
+€60,999
Tax, wage and social debts
+€25,029
Other debts
+€152,032
Accrued charges and deferred income
-€116,020
Investment (derived)
-€705,084
Investment in fixed assets (net)
-€47,896
Current investments
-€657,189
Cash 2025
€28,013
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,527,395 | €334,725,045 | +€197,650 | +0.1% |
| Fixed assets | 21/28 | €330,121,002 | €330,168,898 | +€47,896 | 0.0% |
| Financial fixed assets | 28 | €330,121,002 | €330,168,898 | +€47,896 | 0.0% |
| Affiliated companies | 280/1 | €330,121,002 | €330,168,898 | +€47,896 | 0.0% |
| Participating interests | 280 | €327,897,104 | €327,897,104 | = | 0.0% |
| Amounts receivable | 281 | €2,223,898 | €2,271,794 | +€47,896 | +2.2% |
| Current assets | 29/58 | €4,406,393 | €4,556,147 | +€149,754 | +3.4% |
| Amounts receivable within one year | 40/41 | €2,393,049 | €2,882,847 | +€489,798 | +20.5% |
| Trade receivables | 40 | €2,262,656 | €2,815,593 | +€552,938 | +24.4% |
| Other amounts receivable | 41 | €130,393 | €67,254 | -€63,140 | -48.4% |
| Current investments | 50/53 | €969,780 | €1,626,969 | +€657,189 | +67.8% |
| Other investments | 51/53 | €969,780 | €1,626,969 | +€657,189 | +67.8% |
| Cash at bank and in hand | 54/58 | €1,017,315 | €28,013 | -€989,303 | -97.2% |
| Deferred charges and accrued income | 490/1 | €26,248 | €18,318 | -€7,930 | -30.2% |
| Total equity and liabilities | 10/49 | €334,527,395 | €334,725,045 | +€197,650 | +0.1% |
| Equity | 10/15 | €334,059,712 | €334,135,322 | +€75,609 | 0.0% |
| Contributions | 10/11 | €334,092,500 | €334,092,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,788 | €42,822 | +€75,609 | |
| Amounts payable | 17/49 | €467,683 | €589,723 | +€122,040 | +26.1% |
| Amounts payable within one year | 42/48 | €325,194 | €563,255 | +€238,061 | +73.2% |
| Trade debts | 44 | €318,967 | €379,966 | +€60,999 | +19.1% |
| Suppliers | 440/4 | €318,967 | €379,966 | +€60,999 | +19.1% |
| Taxes, remuneration and social security | 45 | €6,227 | €31,256 | +€25,029 | +401.9% |
| Taxes | 450/3 | €6,227 | €31,256 | +€25,029 | +401.9% |
| Other amounts payable | 47/48 | - | €152,032 | +€152,032 | |
| Accrued charges and deferred income | 492/3 | €142,489 | €26,468 | -€116,020 | -81.4% |
| Operating income | 70/76A | €1,387,851 | €1,459,545 | +€71,694 | +5.2% |
| Turnover | 70 | €1,376,642 | €1,459,545 | +€82,903 | +6.0% |
| Other operating income | 74 | €11,209 | €0 | -€11,209 | -100.0% |
| Operating charges | 60/66A | €1,598,018 | €1,560,513 | -€37,505 | -2.3% |
| Services and other goods | 61 | €1,596,910 | €1,553,732 | -€43,178 | -2.7% |
| Other operating charges | 640/8 | €1,108 | €6,781 | +€5,673 | +512.0% |
| Operating profit (loss) | 9901 | -€210,167 | -€100,968 | +€109,199 | +52.0% |
| Financial income | 75/76B | €175,012 | €227,857 | +€52,845 | +30.2% |
| Recurring financial income | 75 | €175,012 | €227,857 | +€52,845 | +30.2% |
| Income from current assets | 751 | €174,961 | €199,747 | +€24,786 | +14.2% |
| Other financial income | 752/9 | €51 | €28,110 | +€28,059 | +55397.7% |
| Financial charges | 65/66B | €2,596 | €20,023 | +€17,427 | +671.2% |
| Recurring financial charges | 65 | €2,596 | €20,023 | +€17,427 | +671.2% |
| Debt charges | 650 | €1,751 | €18,817 | +€17,066 | +974.5% |
| Other financial charges | 652/9 | €845 | €1,206 | +€361 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,751 | €106,866 | +€144,617 | |
| Income taxes | 67/77 | €6,227 | €31,256 | +€25,029 | +401.9% |
| Taxes | 670/3 | €6,227 | €31,256 | +€25,029 | +401.9% |
| Profit (loss) for the period | 9904 | -€43,979 | €75,609 | +€119,588 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,979 | €75,609 | +€119,588 |
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 7 October 2026 via checked.be.