APOMAC: 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.
APOMAC
Largest movements
- Cash -€78,178
down €78,178 (-43.4%), from €179,987 to €101,809
mainly Other debts (-€102,083) and Contributions, distributions and other (-€85,000)
- Deferred charges and accrued income +€22,378
up €22,378 (+883.8%), from €2,532 to €24,910
- Tangible fixed assets -€2,597
down €2,597 (-28.6%), from €9,071 to €6,474
- Other debts -€102,083
down €102,083 (-57.3%), from €178,282 to €76,199
- Provisions +€51,600
new in 2025: €51,600
- Tax, wage and social debts -€6,012
down €6,012 (-38.3%), from €15,681 to €9,669
- Gross operating margin -€78,385
down €78,385 (-29.8%), from €263,230 to €184,845
- Provisions +€51,600
new in 2025: €51,600
- Taxes -€21,778
down €21,778 (-35.0%), from €62,163 to €40,384
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 | €217,774 | €159,509 | -€58,265 | -26.8% |
| Fixed assets | 21/28 | €9,321 | €6,724 | -€2,597 | -27.9% |
| Tangible fixed assets | 22/27 | €9,071 | €6,474 | -€2,597 | -28.6% |
| Furniture and vehicles | 24 | €9,071 | €6,474 | -€2,597 | -28.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €208,453 | €152,785 | -€55,668 | -26.7% |
| Amounts receivable within one year | 40/41 | €25,934 | €26,066 | +€132 | +0.5% |
| Trade receivables | 40 | €25,934 | €1,450 | -€24,484 | -94.4% |
| Other amounts receivable | 41 | - | €24,616 | +€24,616 | |
| Cash at bank and in hand | 54/58 | €179,987 | €101,809 | -€78,178 | -43.4% |
| Deferred charges and accrued income | 490/1 | €2,532 | €24,910 | +€22,378 | +883.8% |
| Total equity and liabilities | 10/49 | €217,774 | €159,509 | -€58,265 | -26.8% |
| Equity | 10/15 | €20,878 | €20,900 | +€23 | +0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,878 | €17,900 | +€23 | +0.1% |
| Provisions and deferred taxes | 16 | - | €51,600 | +€51,600 | |
| Provisions for liabilities and charges | 160/5 | - | €51,600 | +€51,600 | |
| Other liabilities and charges | 164/5 | - | €51,600 | +€51,600 | |
| Amounts payable | 17/49 | €196,896 | €87,008 | -€109,888 | -55.8% |
| Amounts payable within one year | 42/48 | €196,896 | €87,008 | -€109,888 | -55.8% |
| Trade debts | 44 | €2,933 | €1,140 | -€1,793 | -61.1% |
| Suppliers | 440/4 | €2,933 | €1,140 | -€1,793 | -61.1% |
| Taxes, remuneration and social security | 45 | €15,681 | €9,669 | -€6,012 | -38.3% |
| Taxes | 450/3 | €15,681 | €9,669 | -€6,012 | -38.3% |
| Other amounts payable | 47/48 | €178,282 | €76,199 | -€102,083 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,480 | €2,597 | +€117 | +4.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €51,600 | +€51,600 | |
| Other operating charges | 640/8 | €659 | €683 | +€24 | +3.7% |
| Gross operating margin | 9900 | €263,230 | €184,845 | -€78,385 | -29.8% |
| Operating profit (loss) | 9901 | €260,091 | €129,965 | -€130,126 | -50.0% |
| Financial income | 75/76B | €63 | €0 | -€63 | -100.0% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -100.0% |
| Financial charges | 65/66B | €2,630 | €4,558 | +€1,928 | +73.3% |
| Recurring financial charges | 65 | €2,630 | €4,558 | +€1,928 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €257,523 | €125,407 | -€132,117 | -51.3% |
| Income taxes | 67/77 | €62,163 | €40,384 | -€21,778 | -35.0% |
| Profit (loss) for the period | 9904 | €195,361 | €85,023 | -€110,338 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €195,361 | €85,023 | -€110,338 | -56.5% |
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 6 October 2026 via checked.be.