APOLLONA: 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.
APOLLONA
Largest movements
- Cash +€10,387
up €10,387 (+355%), from €2,928 to €13,315
mainly Debts after one year (+€164,081) and Depreciation (+€26,514)
- Debts after one year +€164,081
up €164,081 (+34.6%), from €473,728 to €637,809
of which Financial debts: +€161,925
- Short-term financial debts -€164,000
no longer reported in 2025 (was €164,000)
- Current portion of long-term debt +€17,297
new in 2025: €17,297
- Financial charges -€5,165
down €5,165 (-17.3%), from €29,801 to €24,635
- Depreciation +€1,364
up €1,364 (+5.4%), from €25,150 to €26,514
- Gross operating margin -€513
down €513 (-1.0%), from €51,294 to €50,780
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 | €717,202 | €729,421 | +€12,220 | +1.7% |
| Fixed assets | 21/28 | €714,266 | €716,106 | +€1,840 | +0.3% |
| Tangible fixed assets | 22/27 | €714,266 | €716,106 | +€1,840 | +0.3% |
| Land and buildings | 22 | €695,466 | €698,872 | +€3,407 | +0.5% |
| Plant, machinery and equipment | 23 | €18,800 | €17,234 | -€1,566 | -8.3% |
| Current assets | 29/58 | €2,936 | €13,315 | +€10,379 | +354% |
| Cash at bank and in hand | 54/58 | €2,928 | €13,315 | +€10,387 | +355% |
| Deferred charges and accrued income | 490/1 | €8 | - | -€8 | |
| Total equity and liabilities | 10/49 | €717,202 | €729,421 | +€12,220 | +1.7% |
| Equity | 10/15 | €78,919 | €73,163 | -€5,755 | -7.3% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,081 | -€66,837 | -€5,755 | -9.4% |
| Amounts payable | 17/49 | €638,283 | €656,258 | +€17,975 | +2.8% |
| Amounts payable after more than one year | 17 | €473,728 | €637,809 | +€164,081 | +34.6% |
| Financial debts | 170/4 | €464,417 | €626,342 | +€161,925 | +34.9% |
| Other amounts payable | 178/9 | €9,311 | €11,467 | +€2,156 | +23.2% |
| Amounts payable within one year | 42/48 | €164,554 | €18,449 | -€146,105 | -88.8% |
| Current portion of amounts payable after more than one year | 42 | - | €17,297 | +€17,297 | |
| Financial debts | 43 | €164,000 | - | -€164,000 | |
| Credit institutions | 430/8 | €164,000 | - | -€164,000 | |
| Trade debts | 44 | €231 | €423 | +€192 | +83.1% |
| Suppliers | 440/4 | €231 | €423 | +€192 | +83.1% |
| Taxes, remuneration and social security | 45 | €324 | €571 | +€247 | +76.5% |
| Taxes | 450/3 | €324 | €571 | +€247 | +76.5% |
| Other amounts payable | 47/48 | - | €158 | +€158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,150 | €26,514 | +€1,364 | +5.4% |
| Other operating charges | 640/8 | €5,060 | €5,386 | +€326 | +6.4% |
| Gross operating margin | 9900 | €51,294 | €50,780 | -€513 | -1.0% |
| Operating profit (loss) | 9901 | €21,084 | €18,880 | -€2,204 | -10.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €29,801 | €24,635 | -€5,165 | -17.3% |
| Recurring financial charges | 65 | €29,801 | €24,635 | -€5,165 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,717 | -€5,755 | +€2,962 | +34.0% |
| Profit (loss) for the period | 9904 | -€8,717 | -€5,755 | +€2,962 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,717 | -€5,755 | +€2,962 | +34.0% |
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 13 October 2026 via checked.be.