APOLLODORUS: what changed
APOLLODORUS
Largest movements
- Cash -€75,904
down €75,904 (-97.7%), from €77,725 to €1,821
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€20,273)
- Receivables within one year +€20,273
up €20,273 (+131%), from €15,475 to €35,748
of which Trade receivables: +€20,287
- Tangible fixed assets -€8,672
down €8,672 (-6.4%), from €135,307 to €126,635
of which Land and buildings: -€5,091
- Reserves -€25,000
down €25,000 (-13.5%), from €184,644 to €159,644
of which Distributable reserves: -€25,000
- Tax, wage and social debts -€14,418
down €14,418 (-76.0%), from €18,981 to €4,563
- Profit (loss) carried forward -€14,093
down €14,093, from €0 to -€14,093
- Debts after one year -€10,535
down €10,535 (-16.2%), from €64,841 to €54,306
- Other debts +€5,698
up €5,698 (+139%), from €4,099 to €9,797
- Financial income -€103,982
down €103,982 (-99.9%), from €104,040 to €58
- Gross operating margin -€85,752
down €85,752 (-99.2%), from €86,417 to €665
- Taxes -€31,326
down €31,326 (-99.4%), from €31,511 to €184
- Financial charges -€936
down €936 (-32.8%), from €2,854 to €1,918
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,860 | €227,556 | -€60,304 | -20.9% |
| Fixed assets | 21/28 | €141,530 | €132,858 | -€8,672 | -6.1% |
| Tangible fixed assets | 22/27 | €135,307 | €126,635 | -€8,672 | -6.4% |
| Land and buildings | 22 | €126,413 | €121,322 | -€5,091 | -4.0% |
| Plant, machinery and equipment | 23 | €4,345 | €2,722 | -€1,623 | -37.4% |
| Furniture and vehicles | 24 | €4,548 | €2,590 | -€1,958 | -43.0% |
| Financial fixed assets | 28 | €6,223 | €6,223 | = | 0.0% |
| Current assets | 29/58 | €146,330 | €94,698 | -€51,632 | -35.3% |
| Stocks and contracts in progress | 3 | €741 | €3,204 | +€2,463 | +332% |
| Stocks | 30/36 | €741 | €3,204 | +€2,463 | +332% |
| Amounts receivable within one year | 40/41 | €15,475 | €35,748 | +€20,273 | +131% |
| Trade receivables | 40 | €15,461 | €35,748 | +€20,287 | +131% |
| Other amounts receivable | 41 | €14 | €0 | -€14 | -100% |
| Current investments | 50/53 | €50,448 | €51,488 | +€1,040 | +2.1% |
| Cash at bank and in hand | 54/58 | €77,725 | €1,821 | -€75,904 | -97.7% |
| Deferred charges and accrued income | 490/1 | €1,941 | €2,438 | +€496 | +25.6% |
| Total equity and liabilities | 10/49 | €287,860 | €227,556 | -€60,304 | -20.9% |
| Equity | 10/15 | €184,844 | €145,750 | -€39,093 | -21.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €184,644 | €159,644 | -€25,000 | -13.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €184,644 | €159,644 | -€25,000 | -13.5% |
| Profit (loss) carried forward | 14 | €0 | -€14,093 | -€14,093 | |
| Amounts payable | 17/49 | €103,016 | €81,805 | -€21,211 | -20.6% |
| Amounts payable after more than one year | 17 | €64,841 | €54,306 | -€10,535 | -16.2% |
| Financial debts | 170/4 | €64,841 | €54,306 | -€10,535 | -16.2% |
| Amounts payable within one year | 42/48 | €38,175 | €27,499 | -€10,676 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €10,429 | €10,476 | +€47 | +0.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,666 | €2,663 | -€2,003 | -42.9% |
| Suppliers | 440/4 | €4,666 | €2,663 | -€2,003 | -42.9% |
| Taxes, remuneration and social security | 45 | €18,981 | €4,563 | -€14,418 | -76.0% |
| Taxes | 450/3 | €18,981 | €4,563 | -€14,418 | -76.0% |
| Other amounts payable | 47/48 | €4,099 | €9,797 | +€5,698 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,337 | €9,897 | -€439 | -4.3% |
| Other operating charges | 640/8 | €3,186 | €2,817 | -€369 | -11.6% |
| Non-recurring operating charges | 66A | €204 | €0 | -€204 | -100% |
| Gross operating margin | 9900 | €86,417 | €665 | -€85,752 | -99.2% |
| Operating profit (loss) | 9901 | €72,691 | -€12,050 | -€84,740 | |
| Financial income | 75/76B | €104,040 | €58 | -€103,982 | -99.9% |
| Recurring financial income | 75 | €104,040 | €58 | -€103,982 | -99.9% |
| Financial charges | 65/66B | €2,854 | €1,918 | -€936 | -32.8% |
| Recurring financial charges | 65 | €2,854 | €1,918 | -€936 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €173,877 | -€13,909 | -€187,786 | |
| Income taxes | 67/77 | €31,511 | €184 | -€31,326 | -99.4% |
| Profit (loss) for the period | 9904 | €142,366 | -€14,093 | -€156,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €142,366 | -€14,093 | -€156,460 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.