APOLONIA: 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.
APOLONIA
Largest movements
- Receivables within one year -€65,436
down €65,436 (-49.1%), from €133,145 to €67,709
of which Other amounts receivable: -€61,442
- Tax, wage and social debts -€102,412
down €102,412 (-69.3%), from €147,742 to €45,330
- Other debts +€81,626
up €81,626 (+103.3%), from €79,020 to €160,646
- Debts after one year -€61,708
down €61,708 (-24.3%), from €254,327 to €192,619
- Reserves +€20,692
up €20,692 (+44.7%), from €46,320 to €67,012
of which Distributable reserves: +€20,692
- Trade debts -€16,788
down €16,788 (-97.1%), from €17,283 to €495
- Gross operating margin -€5,592
down €5,592 (-10.3%), from €54,414 to €48,822
- Taxes -€3,067
down €3,067 (-23.2%), from €13,239 to €10,172
- Write-downs +€1,907
new in 2025: €1,907
- Depreciation -€631
down €631 (-8.6%), from €7,344 to €6,713
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 | €785,610 | €708,229 | -€77,381 | -9.8% |
| Fixed assets | 21/28 | €630,937 | €624,224 | -€6,713 | -1.1% |
| Tangible fixed assets | 22/27 | €30,352 | €23,639 | -€6,713 | -22.1% |
| Land and buildings | 22 | €15,441 | €12,360 | -€3,081 | -20.0% |
| Plant, machinery and equipment | 23 | €10,097 | €7,620 | -€2,477 | -24.5% |
| Furniture and vehicles | 24 | €4,814 | €3,659 | -€1,155 | -24.0% |
| Financial fixed assets | 28 | €600,585 | €600,585 | = | 0.0% |
| Current assets | 29/58 | €154,673 | €84,005 | -€70,668 | -45.7% |
| Amounts receivable within one year | 40/41 | €133,145 | €67,709 | -€65,436 | -49.1% |
| Trade receivables | 40 | €3,994 | - | -€3,994 | |
| Other amounts receivable | 41 | €129,151 | €67,709 | -€61,442 | -47.6% |
| Cash at bank and in hand | 54/58 | €21,528 | €16,296 | -€5,232 | -24.3% |
| Total equity and liabilities | 10/49 | €785,610 | €708,229 | -€77,381 | -9.8% |
| Equity | 10/15 | €226,739 | €247,431 | +€20,692 | +9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €46,320 | €67,012 | +€20,692 | +44.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €44,461 | €65,153 | +€20,692 | +46.5% |
| Profit (loss) carried forward | 14 | €161,827 | €161,827 | = | 0.0% |
| Amounts payable | 17/49 | €558,871 | €460,798 | -€98,073 | -17.5% |
| Amounts payable after more than one year | 17 | €254,327 | €192,619 | -€61,708 | -24.3% |
| Financial debts | 170/4 | €254,327 | €192,619 | -€61,708 | -24.3% |
| Amounts payable within one year | 42/48 | €304,544 | €268,179 | -€36,365 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €60,499 | €61,708 | +€1,209 | +2.0% |
| Trade debts | 44 | €17,283 | €495 | -€16,788 | -97.1% |
| Suppliers | 440/4 | €17,283 | €495 | -€16,788 | -97.1% |
| Taxes, remuneration and social security | 45 | €147,742 | €45,330 | -€102,412 | -69.3% |
| Taxes | 450/3 | €147,742 | €45,330 | -€102,412 | -69.3% |
| Other amounts payable | 47/48 | €79,020 | €160,646 | +€81,626 | +103.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,344 | €6,713 | -€631 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,907 | +€1,907 | |
| Other operating charges | 640/8 | €141 | - | -€141 | |
| Gross operating margin | 9900 | €54,414 | €48,822 | -€5,592 | -10.3% |
| Operating profit (loss) | 9901 | €46,929 | €40,202 | -€6,727 | -14.3% |
| Financial income | 75/76B | €114 | €72 | -€42 | -36.8% |
| Recurring financial income | 75 | €114 | €72 | -€42 | -36.8% |
| Financial charges | 65/66B | €9,943 | €9,410 | -€533 | -5.4% |
| Recurring financial charges | 65 | €9,943 | €9,410 | -€533 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €37,100 | €30,864 | -€6,236 | -16.8% |
| Income taxes | 67/77 | €13,239 | €10,172 | -€3,067 | -23.2% |
| Profit (loss) for the period | 9904 | €23,861 | €20,692 | -€3,169 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,861 | €20,692 | -€3,169 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.