APOLLON: 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.
APOLLON
Largest movements
- Cash -€59,672
down €59,672 (-14.2%), from €420,823 to €361,151
mainly Contributions, distributions and other (-€100,000) and Trade debts (-€73,534)
- Tangible fixed assets -€35,852
down €35,852 (-2.9%), from €1.2m to €1.2m
- Other debts +€99,575
up €99,575 (+7,954%), from €1,252 to €100,826
- Trade debts -€73,534
down €73,534 (-81.8%), from €89,894 to €16,361
- Debts after one year -€69,179
down €69,179 (-10.6%), from €652,606 to €583,427
- Tax, wage and social debts -€56,904
down €56,904 (-73.5%), from €77,371 to €20,467
of which Taxes: -€45,798
- Accrued charges and deferred income -€21,003
down €21,003 (-51.5%), from €40,815 to €19,812
- Gross operating margin +€12,455
up €12,455 (+3.5%), from €360,551 to €373,006
- Financial charges -€8,166
down €8,166 (-31.4%), from €25,980 to €17,815
- Taxes +€7,712
up €7,712 (+28.2%), from €27,383 to €35,095
- Other operating charges +€5,729
up €5,729 (+55.4%), from €10,333 to €16,062
- Financial income +€4,130
up €4,130 (+12,003%), from €34 to €4,165
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 | €1,673,517 | €1,580,952 | -€92,565 | -5.5% |
| Fixed assets | 21/28 | €1,236,690 | €1,192,526 | -€44,164 | -3.6% |
| Intangible fixed assets | 21 | €16,625 | €8,313 | -€8,313 | -50.0% |
| Tangible fixed assets | 22/27 | €1,220,065 | €1,184,213 | -€35,852 | -2.9% |
| Land and buildings | 22 | €1,072,650 | €1,063,687 | -€8,963 | -0.8% |
| Plant, machinery and equipment | 23 | €88,529 | €74,502 | -€14,027 | -15.8% |
| Furniture and vehicles | 24 | €9,935 | €5,562 | -€4,373 | -44.0% |
| Other tangible fixed assets | 26 | €48,951 | €40,462 | -€8,489 | -17.3% |
| Current assets | 29/58 | €436,827 | €388,426 | -€48,401 | -11.1% |
| Amounts receivable within one year | 40/41 | €2,617 | €18,276 | +€15,659 | +598% |
| Other amounts receivable | 41 | €2,617 | €18,276 | +€15,659 | +598% |
| Cash at bank and in hand | 54/58 | €420,823 | €361,151 | -€59,672 | -14.2% |
| Deferred charges and accrued income | 490/1 | €13,388 | €9,000 | -€4,388 | -32.8% |
| Total equity and liabilities | 10/49 | €1,673,517 | €1,580,952 | -€92,565 | -5.5% |
| Equity | 10/15 | €733,777 | €754,060 | +€20,284 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €715,177 | €735,460 | +€20,284 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €713,317 | €733,600 | +€20,284 | +2.8% |
| Amounts payable | 17/49 | €939,740 | €826,892 | -€112,849 | -12.0% |
| Amounts payable after more than one year | 17 | €652,606 | €583,427 | -€69,179 | -10.6% |
| Financial debts | 170/4 | €652,606 | €583,427 | -€69,179 | -10.6% |
| Amounts payable within one year | 42/48 | €246,319 | €223,653 | -€22,666 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €67,664 | €69,179 | +€1,515 | +2.2% |
| Financial debts | 43 | €10,138 | €16,820 | +€6,682 | +65.9% |
| Credit institutions | 430/8 | €10,138 | €16,820 | +€6,682 | +65.9% |
| Trade debts | 44 | €89,894 | €16,361 | -€73,534 | -81.8% |
| Suppliers | 440/4 | €89,894 | €16,361 | -€73,534 | -81.8% |
| Taxes, remuneration and social security | 45 | €77,371 | €20,467 | -€56,904 | -73.5% |
| Taxes | 450/3 | €52,064 | €6,266 | -€45,798 | -88.0% |
| Remuneration and social security | 454/9 | €25,307 | €14,201 | -€11,106 | -43.9% |
| Other amounts payable | 47/48 | €1,252 | €100,826 | +€99,575 | +7,954% |
| Accrued charges and deferred income | 492/3 | €40,815 | €19,812 | -€21,003 | -51.5% |
| Remuneration, social security and pensions | 62 | €144,268 | €143,752 | -€517 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,237 | €44,164 | -€4,073 | -8.4% |
| Other operating charges | 640/8 | €10,333 | €16,062 | +€5,729 | +55.4% |
| Gross operating margin | 9900 | €360,551 | €373,006 | +€12,455 | +3.5% |
| Operating profit (loss) | 9901 | €157,713 | €169,029 | +€11,316 | +7.2% |
| Financial income | 75/76B | €34 | €4,165 | +€4,130 | +12,003% |
| Recurring financial income | 75 | €34 | €4,165 | +€4,130 | +12,003% |
| Financial charges | 65/66B | €25,980 | €17,815 | -€8,166 | -31.4% |
| Recurring financial charges | 65 | €25,980 | €17,815 | -€8,166 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €131,767 | €155,379 | +€23,612 | +17.9% |
| Income taxes | 67/77 | €27,383 | €35,095 | +€7,712 | +28.2% |
| Profit (loss) for the period | 9904 | €104,384 | €120,284 | +€15,900 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,384 | €120,284 | +€15,900 | +15.2% |
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 16 October 2026 via checked.be.