APOLLO TRAVEL: 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 TRAVEL
Largest movements
- Current investments +€252,829
up €252,829 (+18.6%), from €1.4m to €1.6m
- Tangible fixed assets +€77,785
up €77,785 (+19.5%), from €398,154 to €475,938
of which Furniture and vehicles: +€96,046
- Receivables within one year -€54,126
down €54,126 (-11.4%), from €474,802 to €420,676
of which Trade receivables: -€63,812
- Deferred charges and accrued income +€50,372
up €50,372 (+9.6%), from €525,982 to €576,354
- Reserves +€309,597
up €309,597 (+9.5%), from €3.2m to €3.6m
of which Distributable reserves: +€309,597
- Advances received +€89,581
up €89,581 (+19.0%), from €471,701 to €561,281
- Gross operating margin -€191,104
down €191,104 (-22.0%), from €868,343 to €677,239
- Taxes -€21,995
down €21,995 (-13.6%), from €161,915 to €139,920
- Financial income -€13,725
down €13,725 (-19.1%), from €72,004 to €58,280
- Depreciation +€12,814
up €12,814 (+48.2%), from €26,608 to €39,422
- Staff costs -€9,266
down €9,266 (-3.8%), from €241,717 to €232,452
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 | €4,512,124 | €4,873,877 | +€361,753 | +8.0% |
| Fixed assets | 21/28 | €398,154 | €475,938 | +€77,785 | +19.5% |
| Tangible fixed assets | 22/27 | €398,154 | €475,938 | +€77,785 | +19.5% |
| Land and buildings | 22 | €383,328 | €365,068 | -€18,261 | -4.8% |
| Furniture and vehicles | 24 | €14,825 | €110,871 | +€96,046 | +648% |
| Current assets | 29/58 | €4,113,971 | €4,397,939 | +€283,968 | +6.9% |
| Stocks and contracts in progress | 3 | €641 | €575 | -€66 | -10.3% |
| Stocks | 30/36 | €641 | €575 | -€66 | -10.3% |
| Amounts receivable within one year | 40/41 | €474,802 | €420,676 | -€54,126 | -11.4% |
| Trade receivables | 40 | €472,861 | €409,049 | -€63,812 | -13.5% |
| Other amounts receivable | 41 | €1,940 | €11,627 | +€9,687 | +499% |
| Current investments | 50/53 | €1,359,358 | €1,612,187 | +€252,829 | +18.6% |
| Cash at bank and in hand | 54/58 | €1,753,188 | €1,788,146 | +€34,959 | +2.0% |
| Deferred charges and accrued income | 490/1 | €525,982 | €576,354 | +€50,372 | +9.6% |
| Total equity and liabilities | 10/49 | €4,512,124 | €4,873,877 | +€361,753 | +8.0% |
| Equity | 10/15 | €3,347,280 | €3,656,876 | +€309,597 | +9.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,247,280 | €3,556,876 | +€309,597 | +9.5% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,156 | €4,156 | = | 0.0% |
| Distributable reserves | 133 | €3,218,123 | €3,527,720 | +€309,597 | +9.6% |
| Amounts payable | 17/49 | €1,164,844 | €1,217,001 | +€52,156 | +4.5% |
| Amounts payable within one year | 42/48 | €745,790 | €773,526 | +€27,736 | +3.7% |
| Trade debts | 44 | €129,075 | €97,376 | -€31,699 | -24.6% |
| Suppliers | 440/4 | €129,075 | €97,376 | -€31,699 | -24.6% |
| Advances received on contracts in progress | 46 | €471,701 | €561,281 | +€89,581 | +19.0% |
| Taxes, remuneration and social security | 45 | €89,762 | €68,138 | -€21,625 | -24.1% |
| Taxes | 450/3 | €57,566 | €40,665 | -€16,900 | -29.4% |
| Remuneration and social security | 454/9 | €32,197 | €27,472 | -€4,724 | -14.7% |
| Other amounts payable | 47/48 | €55,252 | €46,732 | -€8,521 | -15.4% |
| Accrued charges and deferred income | 492/3 | €419,054 | €443,474 | +€24,420 | +5.8% |
| Non-recurring operating income | 76A | €2,438 | €0 | -€2,438 | -100% |
| Remuneration, social security and pensions | 62 | €241,717 | €232,452 | -€9,266 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,608 | €39,422 | +€12,814 | +48.2% |
| Other operating charges | 640/8 | €5,079 | €5,007 | -€72 | -1.4% |
| Gross operating margin | 9900 | €868,343 | €677,239 | -€191,104 | -22.0% |
| Operating profit (loss) | 9901 | €594,938 | €400,358 | -€194,580 | -32.7% |
| Financial income | 75/76B | €72,004 | €58,280 | -€13,725 | -19.1% |
| Recurring financial income | 75 | €72,004 | €58,280 | -€13,725 | -19.1% |
| Financial charges | 65/66B | €15,211 | €9,121 | -€6,090 | -40.0% |
| Recurring financial charges | 65 | €15,211 | €9,121 | -€6,090 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €651,731 | €449,517 | -€202,214 | -31.0% |
| Income taxes | 67/77 | €161,915 | €139,920 | -€21,995 | -13.6% |
| Profit (loss) for the period | 9904 | €489,815 | €309,597 | -€180,219 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €489,815 | €309,597 | -€180,219 | -36.8% |
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 21 October 2026 via checked.be.