Apollo Tyres (Belux): 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.
What changed
Apollo Tyres (Belux)
NACE 46.720, Wholesale of motor vehicle parts and accessories
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€794,794
2025 · €753,378+€41,416
Equity
€4.0m
2025 · €3.2m+€794,794
Cash
€2.8m
2025 · €1.4m+€1.4m
Balance sheet total
€8.8m
2025 · €8.8m+€95,972
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+96.7%), from €1.4m to €2.8m
mainly Receivables within one year (+€1.3m) and Net result for the year (+€794,794)
- Receivables within one year -€1.3m
down €1.3m (-17.8%), from €7.2m to €6.0m
of which Trade receivables: -€1.3m
Equity and liabilities
- Profit (loss) carried forward +€794,794
up €794,794 (+28.3%), from €2.8m to €3.6m
- Accrued charges and deferred income -€781,778
no longer reported in 2026 (was €781,778)
Income statement
- Turnover -€2.6m
down €2.6m (-6.9%), from €37.4m to €34.8m
- Goods and materials -€2.2m
down €2.2m (-6.9%), from €31.7m to €29.5m
From the 2025 result to the 2026 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 2025
€753,378
Turnover
-€2.6m
Other operating income
+€185,842
Goods and materials
+€2.2m
Services and other goods
+€262,173
Staff costs
-€20,033
Depreciation
+€2,686
Write-downs
+€13,208
Other operating charges
-€1,000
Financial income
+€14,618
Financial charges
+€638
Taxes
-€22,177
Result 2026
€794,794
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.4m
Investment
€0
Financing
€0
Cash 2025
€1.4m
From operations (derived)
+€1.4m
Net result for the year
+€794,794
Depreciation
+€2,670
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€13,609
Trade debts
+€6,863
Tax, wage and social debts
+€76,092
Accrued charges and deferred income
-€781,778
Cash 2026
€2.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,753,039 | €8,849,011 | +€95,972 | +1.1% |
| Fixed assets | 21/28 | €20,502 | €17,833 | -€2,670 | -13.0% |
| Tangible fixed assets | 22/27 | €5,478 | €2,808 | -€2,670 | -48.7% |
| Plant, machinery and equipment | 23 | €764 | €144 | -€619 | -81.1% |
| Furniture and vehicles | 24 | €4,714 | €2,664 | -€2,050 | -43.5% |
| Financial fixed assets | 28 | €15,025 | €15,025 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,025 | €15,025 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,025 | €15,025 | = | 0.0% |
| Current assets | 29/58 | €8,732,537 | €8,831,178 | +€98,641 | +1.1% |
| Amounts receivable within one year | 40/41 | €7,240,267 | €5,951,891 | -€1.3m | -17.8% |
| Trade receivables | 40 | €7,211,622 | €5,896,509 | -€1.3m | -18.2% |
| Other amounts receivable | 41 | €28,645 | €55,382 | +€26,737 | +93.3% |
| Cash at bank and in hand | 54/58 | €1,448,967 | €2,849,594 | +€1.4m | +96.7% |
| Deferred charges and accrued income | 490/1 | €43,303 | €29,694 | -€13,609 | -31.4% |
| Total equity and liabilities | 10/49 | €8,753,039 | €8,849,011 | +€95,972 | +1.1% |
| Equity | 10/15 | €3,206,925 | €4,001,720 | +€794,794 | +24.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €339,117 | €339,117 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €332,917 | €332,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,805,808 | €3,600,602 | +€794,794 | +28.3% |
| Amounts payable | 17/49 | €5,546,114 | €4,847,292 | -€698,822 | -12.6% |
| Amounts payable within one year | 42/48 | €4,764,336 | €4,847,292 | +€82,956 | +1.7% |
| Trade debts | 44 | €4,127,422 | €4,134,286 | +€6,863 | +0.2% |
| Suppliers | 440/4 | €4,127,422 | €4,134,286 | +€6,863 | +0.2% |
| Taxes, remuneration and social security | 45 | €636,913 | €713,006 | +€76,092 | +11.9% |
| Taxes | 450/3 | €453,827 | €511,596 | +€57,768 | +12.7% |
| Remuneration and social security | 454/9 | €183,086 | €201,410 | +€18,324 | +10.0% |
| Accrued charges and deferred income | 492/3 | €781,778 | - | -€781,778 | |
| Operating income | 70/76A | €37,403,004 | €35,020,905 | -€2.4m | -6.4% |
| Turnover | 70 | €37,398,457 | €34,830,516 | -€2.6m | -6.9% |
| Other operating income | 74 | €4,548 | €190,390 | +€185,842 | +4,087% |
| Operating charges | 60/66A | €36,425,369 | €33,994,934 | -€2.4m | -6.7% |
| Goods for resale, raw materials and consumables | 60 | €31,713,612 | €29,540,212 | -€2.2m | -6.9% |
| Purchases | 600/8 | €31,713,612 | €29,540,212 | -€2.2m | -6.9% |
| Services and other goods | 61 | €3,177,971 | €2,915,798 | -€262,173 | -8.2% |
| Remuneration, social security and pensions | 62 | €1,519,158 | €1,539,191 | +€20,033 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,355 | €2,670 | -€2,686 | -50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,273 | -€3,935 | -€13,208 | |
| Other operating charges | 640/8 | - | €1,000 | +€1,000 | |
| Operating profit (loss) | 9901 | €977,635 | €1,025,971 | +€48,336 | +4.9% |
| Financial income | 75/76B | €75,196 | €89,814 | +€14,618 | +19.4% |
| Recurring financial income | 75 | €75,196 | €89,814 | +€14,618 | +19.4% |
| Income from current assets | 751 | €75,196 | €89,814 | +€14,618 | +19.4% |
| Financial charges | 65/66B | €5,983 | €5,345 | -€638 | -10.7% |
| Recurring financial charges | 65 | €5,983 | €5,345 | -€638 | -10.7% |
| Other financial charges | 652/9 | €5,983 | €5,345 | -€638 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €1,046,847 | €1,110,440 | +€63,593 | +6.1% |
| Income taxes | 67/77 | €293,469 | €315,646 | +€22,177 | +7.6% |
| Taxes | 670/3 | €293,469 | €315,646 | +€22,177 | +7.6% |
| Profit (loss) for the period | 9904 | €753,378 | €794,794 | +€41,416 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €753,378 | €794,794 | +€41,416 | +5.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.