APOLLON & PARTNERS: 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 & PARTNERS
Largest movements
- Tangible fixed assets -€5,681
down €5,681 (-6.5%), from €87,850 to €82,170
- Profit (loss) carried forward -€8,120
down €8,120 (-48.0%), from €16,926 to €8,806
- Other debts +€6,009
up €6,009 (+18.5%), from €32,429 to €38,438
- Reserves -€4,261
down €4,261 (-4.5%), from €93,851 to €89,591
- Gross operating margin +€4,469
up €4,469 (+46.8%), from -€9,546 to -€5,078
- Financial income +€354
up €354 (+54.3%), from €652 to €1,006
- Other operating charges +€253
up €253 (+11.6%), from €2,172 to €2,425
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 | €302,341 | €294,746 | -€7,595 | -2.5% |
| Fixed assets | 21/28 | €87,850 | €82,170 | -€5,681 | -6.5% |
| Tangible fixed assets | 22/27 | €87,850 | €82,170 | -€5,681 | -6.5% |
| Land and buildings | 22 | €87,850 | €82,170 | -€5,681 | -6.5% |
| Current assets | 29/58 | €214,490 | €212,576 | -€1,914 | -0.9% |
| Amounts receivable within one year | 40/41 | €431 | €657 | +€226 | +52.3% |
| Other amounts receivable | 41 | €431 | €657 | +€226 | +52.3% |
| Cash at bank and in hand | 54/58 | €166,181 | €164,041 | -€2,140 | -1.3% |
| Deferred charges and accrued income | 490/1 | €47,878 | €47,878 | = | 0.0% |
| Total equity and liabilities | 10/49 | €302,341 | €294,746 | -€7,595 | -2.5% |
| Equity | 10/15 | €266,950 | €254,569 | -€12,381 | -4.6% |
| Contributions | 10/11 | €156,173 | €156,173 | = | 0.0% |
| Capital | 10 | €156,173 | €156,173 | = | 0.0% |
| Issued capital | 100 | €156,173 | €156,173 | = | 0.0% |
| Reserves | 13 | €93,851 | €89,591 | -€4,261 | -4.5% |
| Tax-exempt reserves | 132 | €93,851 | €89,591 | -€4,261 | -4.5% |
| Profit (loss) carried forward | 14 | €16,926 | €8,806 | -€8,120 | -48.0% |
| Amounts payable | 17/49 | €35,390 | €40,176 | +€4,786 | +13.5% |
| Amounts payable within one year | 42/48 | €35,390 | €40,176 | +€4,786 | +13.5% |
| Trade debts | 44 | €2,962 | €1,738 | -€1,224 | -41.3% |
| Suppliers | 440/4 | €2,962 | €1,738 | -€1,224 | -41.3% |
| Other amounts payable | 47/48 | €32,429 | €38,438 | +€6,009 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,681 | €5,681 | = | 0.0% |
| Other operating charges | 640/8 | €2,172 | €2,425 | +€253 | +11.6% |
| Gross operating margin | 9900 | -€9,546 | -€5,078 | +€4,469 | +46.8% |
| Operating profit (loss) | 9901 | -€17,399 | -€13,183 | +€4,216 | +24.2% |
| Financial income | 75/76B | €652 | €1,006 | +€354 | +54.3% |
| Recurring financial income | 75 | €652 | €1,006 | +€354 | +54.3% |
| Financial charges | 65/66B | €178 | €204 | +€26 | +14.6% |
| Recurring financial charges | 65 | €178 | €204 | +€26 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,925 | -€12,381 | +€4,544 | +26.8% |
| Profit (loss) for the period | 9904 | -€16,925 | -€12,381 | +€4,544 | +26.8% |
| Transfer from tax-exempt reserves | 789 | €4,261 | €4,261 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,664 | -€8,120 | +€4,544 | +35.9% |
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 30 October 2026 via checked.be.