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 -€76,434
down €76,434 (-94.5%), from €80,915 to €4,481
mainly Contributions, distributions and other (-€304,216) and Other debts (-€117,044)
- Tangible fixed assets +€68,132
up €68,132 (+67.7%), from €100,597 to €168,729
of which Furniture and vehicles: +€74,221
- Receivables within one year -€29,748
down €29,748 (-52.5%), from €56,639 to €26,891
of which Trade receivables: -€14,942
- Other debts -€117,044
down €117,044 (-13.3%), from €876,818 to €759,774
- Debts after one year +€57,183
up €57,183 (+157%), from €36,418 to €93,601
of which Financial debts: +€57,183
- Financial income -€52,800
down €52,800 (-14.7%), from €360,000 to €307,200
- Gross operating margin +€11,840
up €11,840 (+20.6%), from €57,516 to €69,357
- Depreciation +€8,165
up €8,165 (+21.4%), from €38,182 to €46,347
- Financial charges +€3,598
up €3,598 (+25.4%), from €14,170 to €17,768
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 | €1,142,242 | €1,104,192 | -€38,050 | -3.3% |
| Fixed assets | 21/28 | €1,004,688 | €1,072,820 | +€68,132 | +6.8% |
| Tangible fixed assets | 22/27 | €100,597 | €168,729 | +€68,132 | +67.7% |
| Plant, machinery and equipment | 23 | €7,999 | €6,269 | -€1,731 | -21.6% |
| Furniture and vehicles | 24 | €72,224 | €146,445 | +€74,221 | +103% |
| Other tangible fixed assets | 26 | €20,374 | €16,016 | -€4,358 | -21.4% |
| Financial fixed assets | 28 | €904,090 | €904,090 | = | 0.0% |
| Current assets | 29/58 | €137,554 | €31,372 | -€106,182 | -77.2% |
| Amounts receivable within one year | 40/41 | €56,639 | €26,891 | -€29,748 | -52.5% |
| Trade receivables | 40 | €27,361 | €12,419 | -€14,942 | -54.6% |
| Other amounts receivable | 41 | €29,278 | €14,472 | -€14,806 | -50.6% |
| Cash at bank and in hand | 54/58 | €80,915 | €4,481 | -€76,434 | -94.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,142,242 | €1,104,192 | -€38,050 | -3.3% |
| Equity | 10/15 | €171,327 | €171,327 | = | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €71,327 | €71,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €61,327 | €61,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €970,915 | €932,865 | -€38,050 | -3.9% |
| Amounts payable after more than one year | 17 | €36,418 | €93,601 | +€57,183 | +157% |
| Financial debts | 170/4 | €32,918 | €90,101 | +€57,183 | +174% |
| Other amounts payable | 178/9 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €922,429 | €824,525 | -€97,904 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €38,876 | €47,969 | +€9,093 | +23.4% |
| Financial debts | 43 | - | €8,617 | +€8,617 | |
| Other loans | 439 | - | €8,617 | +€8,617 | |
| Trade debts | 44 | €6,735 | €7,291 | +€555 | +8.2% |
| Suppliers | 440/4 | €6,735 | €7,291 | +€555 | +8.2% |
| Taxes, remuneration and social security | 45 | €0 | €874 | +€874 | |
| Taxes | 450/3 | €0 | €874 | +€874 | |
| Other amounts payable | 47/48 | €876,818 | €759,774 | -€117,044 | -13.3% |
| Accrued charges and deferred income | 492/3 | €12,067 | €14,739 | +€2,672 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,182 | €46,347 | +€8,165 | +21.4% |
| Other operating charges | 640/8 | €1,697 | €1,874 | +€177 | +10.4% |
| Gross operating margin | 9900 | €57,516 | €69,357 | +€11,840 | +20.6% |
| Operating profit (loss) | 9901 | €17,638 | €21,136 | +€3,499 | +19.8% |
| Financial income | 75/76B | €360,000 | €307,200 | -€52,800 | -14.7% |
| Recurring financial income | 75 | €360,000 | €307,200 | -€52,800 | -14.7% |
| Financial charges | 65/66B | €14,170 | €17,768 | +€3,598 | +25.4% |
| Recurring financial charges | 65 | €14,170 | €17,768 | +€3,598 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €363,468 | €310,569 | -€52,899 | -14.6% |
| Income taxes | 67/77 | €6,858 | €6,353 | -€506 | -7.4% |
| Profit (loss) for the period | 9904 | €356,610 | €304,216 | -€52,394 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €356,610 | €304,216 | -€52,394 | -14.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.