APOLLON: 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.
APOLLON
Largest movements
- Tangible fixed assets -€13,208
down €13,208 (-24.2%), from €54,533 to €41,325
of which Furniture and vehicles: -€12,418
- Cash -€10,623
down €10,623 (-37.2%), from €28,589 to €17,966
mainly Net result for the year (-€40,659) and Stocks and contracts (-€6,954)
- Stocks and contracts +€6,954
up €6,954 (+391.3%), from €1,777 to €8,732
- Receivables within one year -€1,952
no longer reported in 2025 (was €1,952)
- Profit (loss) carried forward -€40,659
down €40,659, from €15,952 to -€24,707
- Trade debts +€25,048
up €25,048 (+748.7%), from €3,346 to €28,394
- Debts after one year -€1,610
down €1,610 (-9.5%), from €16,930 to €15,321
- Other debts -€1,032
no longer reported in 2025 (was €1,032)
- Gross operating margin -€43,604
down €43,604 (-29.1%), from €149,681 to €106,077
- Staff costs +€12,979
up €12,979 (+11.1%), from €117,236 to €130,215
- Depreciation +€3,596
up €3,596 (+37.4%), from €9,612 to €13,208
- Taxes -€3,298
down €3,298 (-77.5%), from €4,254 to €957
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,929 | €68,100 | -€18,829 | -21.7% |
| Fixed assets | 21/28 | €54,610 | €41,402 | -€13,208 | -24.2% |
| Tangible fixed assets | 22/27 | €54,533 | €41,325 | -€13,208 | -24.2% |
| Plant, machinery and equipment | 23 | €1,166 | €466 | -€700 | -60.0% |
| Furniture and vehicles | 24 | €53,269 | €40,850 | -€12,418 | -23.3% |
| Other tangible fixed assets | 26 | €99 | €8 | -€90 | -91.5% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €32,319 | €26,698 | -€5,621 | -17.4% |
| Stocks and contracts in progress | 3 | €1,777 | €8,732 | +€6,954 | +391.3% |
| Stocks | 30/36 | €1,777 | €8,732 | +€6,954 | +391.3% |
| Amounts receivable within one year | 40/41 | €1,952 | - | -€1,952 | |
| Trade receivables | 40 | €1,952 | - | -€1,952 | |
| Cash at bank and in hand | 54/58 | €28,589 | €17,966 | -€10,623 | -37.2% |
| Total equity and liabilities | 10/49 | €86,929 | €68,100 | -€18,829 | -21.7% |
| Equity | 10/15 | €36,357 | -€4,302 | -€40,659 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,952 | -€24,707 | -€40,659 | |
| Amounts payable | 17/49 | €50,572 | €72,402 | +€21,830 | +43.2% |
| Amounts payable after more than one year | 17 | €16,930 | €15,321 | -€1,610 | -9.5% |
| Financial debts | 170/4 | €16,930 | €15,321 | -€1,610 | -9.5% |
| Amounts payable within one year | 42/48 | €33,642 | €57,081 | +€23,439 | +69.7% |
| Trade debts | 44 | €3,346 | €28,394 | +€25,048 | +748.7% |
| Suppliers | 440/4 | €3,346 | €28,394 | +€25,048 | +748.7% |
| Taxes, remuneration and social security | 45 | €29,264 | €28,687 | -€577 | -2.0% |
| Taxes | 450/3 | €14,133 | €12,962 | -€1,171 | -8.3% |
| Remuneration and social security | 454/9 | €15,131 | €15,725 | +€595 | +3.9% |
| Other amounts payable | 47/48 | €1,032 | - | -€1,032 | |
| Remuneration, social security and pensions | 62 | €117,236 | €130,215 | +€12,979 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,612 | €13,208 | +€3,596 | +37.4% |
| Other operating charges | 640/8 | €384 | €400 | +€15 | +4.0% |
| Gross operating margin | 9900 | €149,681 | €106,077 | -€43,604 | -29.1% |
| Operating profit (loss) | 9901 | €22,449 | -€37,746 | -€60,195 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €2,536 | €1,957 | -€579 | -22.8% |
| Recurring financial charges | 65 | €2,536 | €1,957 | -€579 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €19,927 | -€39,702 | -€59,629 | |
| Income taxes | 67/77 | €4,254 | €957 | -€3,298 | -77.5% |
| Profit (loss) for the period | 9904 | €15,673 | -€40,659 | -€56,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,673 | -€40,659 | -€56,332 |
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 5 October 2026 via checked.be.