APOLLONIA: 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.
APOLLONIA
Largest movements
- Cash -€540,706
down €540,706 (-92.7%), from €583,585 to €42,879
mainly Current investments (-€397,663) and Receivables within one year (-€347,824)
- Current investments +€397,663
up €397,663 (+19.7%), from €2.0m to €2.4m
- Receivables within one year +€347,824
up €347,824 (+4617.0%), from €7,533 to €355,358
of which Other amounts receivable: +€304,976
- Tangible fixed assets +€54,063
up €54,063 (+2.8%), from €1.9m to €2.0m
of which Other tangible fixed assets: +€117,000
- Reserves +€393,809
up €393,809 (+61.9%), from €635,708 to €1.0m
of which Distributable reserves: +€333,589
- Provisions -€63,666
down €63,666 (-70.1%), from €90,823 to €27,157
- Other debts -€59,448
down €59,448 (-3.9%), from €1.5m to €1.5m
- Gross operating margin +€153,080
up €153,080 (+45.6%), from €335,829 to €488,909
- Financial income +€92,614
up €92,614 (+511.4%), from €18,109 to €110,724
- Taxes +€31,595
up €31,595 (+64.7%), from €48,864 to €80,459
- Financial charges -€18,332
down €18,332 (-16.0%), from €114,789 to €96,457
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 | €4,542,743 | €4,802,547 | +€259,804 | +5.7% |
| Fixed assets | 21/28 | €1,929,918 | €1,983,980 | +€54,063 | +2.8% |
| Tangible fixed assets | 22/27 | €1,929,518 | €1,983,580 | +€54,063 | +2.8% |
| Land and buildings | 22 | €1,853,500 | €1,783,537 | -€69,963 | -3.8% |
| Plant, machinery and equipment | 23 | €261 | €8,792 | +€8,531 | +3270.1% |
| Furniture and vehicles | 24 | €4,940 | €3,435 | -€1,505 | -30.5% |
| Other tangible fixed assets | 26 | €70,816 | €187,816 | +€117,000 | +165.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €2,612,825 | €2,818,566 | +€205,741 | +7.9% |
| Amounts receivable within one year | 40/41 | €7,533 | €355,358 | +€347,824 | +4617.0% |
| Trade receivables | 40 | €4,700 | €47,548 | +€42,849 | +911.7% |
| Other amounts receivable | 41 | €2,834 | €307,809 | +€304,976 | +10762.7% |
| Current investments | 50/53 | €2,018,924 | €2,416,587 | +€397,663 | +19.7% |
| Cash at bank and in hand | 54/58 | €583,585 | €42,879 | -€540,706 | -92.7% |
| Deferred charges and accrued income | 490/1 | €2,783 | €3,743 | +€960 | +34.5% |
| Total equity and liabilities | 10/49 | €4,542,743 | €4,802,547 | +€259,804 | +5.7% |
| Equity | 10/15 | €2,846,046 | €3,239,855 | +€393,809 | +13.8% |
| Contributions | 10/11 | €632,623 | €632,623 | = | 0.0% |
| Outside capital | 11 | €632,623 | €632,623 | = | 0.0% |
| Other | 1109/19 | €632,623 | €632,623 | = | 0.0% |
| Reserves | 13 | €635,708 | €1,029,517 | +€393,809 | +61.9% |
| Non-distributable reserves | 130/1 | €63,262 | €63,262 | = | 0.0% |
| Reserves not available under the articles | 1311 | €63,262 | €63,262 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,255 | €81,475 | +€60,220 | +283.3% |
| Distributable reserves | 133 | €551,191 | €884,780 | +€333,589 | +60.5% |
| Profit (loss) carried forward | 14 | €1,577,715 | €1,577,715 | = | 0.0% |
| Provisions and deferred taxes | 16 | €90,823 | €27,157 | -€63,666 | -70.1% |
| Deferred taxes | 168 | €90,823 | €27,157 | -€63,666 | -70.1% |
| Amounts payable | 17/49 | €1,605,874 | €1,535,535 | -€70,339 | -4.4% |
| Amounts payable within one year | 42/48 | €1,605,874 | €1,534,477 | -€71,397 | -4.4% |
| Trade debts | 44 | €3,451 | €8,209 | +€4,758 | +137.9% |
| Suppliers | 440/4 | €3,451 | €8,209 | +€4,758 | +137.9% |
| Taxes, remuneration and social security | 45 | €59,912 | €43,205 | -€16,707 | -27.9% |
| Taxes | 450/3 | €59,912 | €43,205 | -€16,707 | -27.9% |
| Other amounts payable | 47/48 | €1,542,512 | €1,483,063 | -€59,448 | -3.9% |
| Accrued charges and deferred income | 492/3 | - | €1,058 | +€1,058 | |
| Non-recurring operating income | 76A | €239,248 | - | -€239,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,915 | €76,215 | +€299 | +0.4% |
| Other operating charges | 640/8 | €16,285 | €16,360 | +€75 | +0.5% |
| Non-recurring operating charges | 66A | €324 | - | -€324 | |
| Gross operating margin | 9900 | €335,829 | €488,909 | +€153,080 | +45.6% |
| Operating profit (loss) | 9901 | €243,305 | €396,334 | +€153,029 | +62.9% |
| Financial income | 75/76B | €18,109 | €110,724 | +€92,614 | +511.4% |
| Recurring financial income | 75 | €18,109 | €110,724 | +€92,614 | +511.4% |
| Financial charges | 65/66B | €114,789 | €96,457 | -€18,332 | -16.0% |
| Recurring financial charges | 65 | €114,789 | €96,457 | -€18,332 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €146,625 | €410,601 | +€263,976 | +180.0% |
| Transfer from deferred taxes | 780 | €862 | €862 | = | 0.0% |
| Income taxes | 67/77 | €48,864 | €80,459 | +€31,595 | +64.7% |
| Profit (loss) for the period | 9904 | €98,624 | €331,005 | +€232,381 | +235.6% |
| Transfer from tax-exempt reserves | 789 | €2,585 | €2,585 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,208 | €333,589 | +€232,381 | +229.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.