APOLLONIA 5: 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.
APOLLONIA 5
Largest movements
- Tangible fixed assets -€14,785
down €14,785 (-3.8%), from €391,910 to €377,125
of which Land and buildings: -€27,093
- Cash -€10,853
down €10,853 (-74.6%), from €14,558 to €3,705
mainly Net result for the year (-€70,442) and Investment in fixed assets (net) (-€19,450)
- Reserves -€70,442
down €70,442 (-19.4%), from €363,111 to €292,669
- Other debts +€51,145
up €51,145 (+158%), from €32,369 to €83,514
- Trade debts -€6,924
down €6,924 (-67.3%), from €10,288 to €3,364
- Gross operating margin -€24,475
down €24,475 (-8,382%), from -€292 to -€24,767
- Other operating charges -€10,246
down €10,246 (-52.4%), from €19,541 to €9,295
- Depreciation -€5,222
down €5,222 (-13.3%), from €39,350 to €34,128
- Financial charges -€554
down €554 (-18.7%), from €2,970 to €2,416
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 | €410,874 | €383,844 | -€27,030 | -6.6% |
| Fixed assets | 21/28 | €392,135 | €377,458 | -€14,677 | -3.7% |
| Tangible fixed assets | 22/27 | €391,910 | €377,125 | -€14,785 | -3.8% |
| Land and buildings | 22 | €360,242 | €333,149 | -€27,093 | -7.5% |
| Plant, machinery and equipment | 23 | €17,616 | €25,170 | +€7,554 | +42.9% |
| Furniture and vehicles | 24 | €14,052 | €18,807 | +€4,755 | +33.8% |
| Financial fixed assets | 28 | €225 | €332 | +€107 | +47.7% |
| Current assets | 29/58 | €18,738 | €6,386 | -€12,352 | -65.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,734 | €2,234 | -€1,500 | -40.2% |
| Trade receivables | 40 | €1,921 | €132 | -€1,789 | -93.1% |
| Other amounts receivable | 41 | €1,813 | €2,102 | +€289 | +15.9% |
| Cash at bank and in hand | 54/58 | €14,558 | €3,705 | -€10,853 | -74.6% |
| Deferred charges and accrued income | 490/1 | €446 | €448 | +€2 | +0.4% |
| Total equity and liabilities | 10/49 | €410,874 | €383,844 | -€27,030 | -6.6% |
| Equity | 10/15 | €367,020 | €296,579 | -€70,441 | -19.2% |
| Contributions | 10/11 | €3,909 | €3,909 | +€0 | 0.0% |
| Reserves | 13 | €363,111 | €292,669 | -€70,442 | -19.4% |
| Distributable reserves | 133 | €363,111 | €292,669 | -€70,442 | -19.4% |
| Amounts payable | 17/49 | €43,853 | €87,265 | +€43,412 | +99.0% |
| Amounts payable within one year | 42/48 | €43,670 | €87,162 | +€43,492 | +99.6% |
| Financial debts | 43 | €381 | €0 | -€381 | -100% |
| Credit institutions | 430/8 | €381 | €0 | -€381 | -100% |
| Trade debts | 44 | €10,288 | €3,364 | -€6,924 | -67.3% |
| Suppliers | 440/4 | €10,288 | €3,364 | -€6,924 | -67.3% |
| Taxes, remuneration and social security | 45 | €632 | €284 | -€348 | -55.0% |
| Taxes | 450/3 | €632 | €284 | -€348 | -55.0% |
| Other amounts payable | 47/48 | €32,369 | €83,514 | +€51,145 | +158% |
| Accrued charges and deferred income | 492/3 | €183 | €104 | -€79 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,350 | €34,128 | -€5,222 | -13.3% |
| Other operating charges | 640/8 | €19,541 | €9,295 | -€10,246 | -52.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€292 | -€24,767 | -€24,475 | -8,382% |
| Operating profit (loss) | 9901 | -€59,182 | -€68,190 | -€9,008 | -15.2% |
| Financial income | 75/76B | €6 | €164 | +€158 | +2,629% |
| Recurring financial income | 75 | €6 | €164 | +€158 | +2,629% |
| Financial charges | 65/66B | €2,970 | €2,416 | -€554 | -18.7% |
| Recurring financial charges | 65 | €2,970 | €2,416 | -€554 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€62,147 | -€70,442 | -€8,295 | -13.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€62,147 | -€70,442 | -€8,295 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,147 | -€70,442 | -€8,295 | -13.3% |
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.