Apomertens: what changed
What changed
Apomertens
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€138,534
2024 · €103,182+€35,352
Equity
€1.2m
2024 · €1.2m+€83,874
Cash
€692,479
2024 · €420,571+€271,908
Balance sheet total
€3.0m
2024 · €2.5m+€423,388
Largest movements
Assets
- Tangible fixed assets +€342,889
up €342,889 (+29.8%), from €1.2m to €1.5m
of which Land and buildings: +€400,983
- Cash +€271,908
up €271,908 (+64.7%), from €420,571 to €692,479
mainly Debts after one year (+€306,847) and Depreciation (+€201,965)
- Receivables within one year -€146,394
down €146,394 (-38.2%), from €383,464 to €237,070
of which Trade receivables: -€137,604
- Stocks and contracts +€67,536
up €67,536 (+20.8%), from €324,669 to €392,205
- Intangible fixed assets -€60,000
down €60,000 (-30.8%), from €195,000 to €135,000
Equity and liabilities
- Debts after one year +€306,847
up €306,847 (+44.9%), from €683,645 to €990,492
- Reserves +€83,874
up €83,874 (+9.3%), from €899,480 to €983,355
of which Distributable reserves: +€43,050
Income statement
- Gross operating margin +€87,204
up €87,204 (+14.5%), from €602,526 to €689,730
- Staff costs +€61,014
up €61,014 (+41.7%), from €146,384 to €207,398
- Depreciation -€23,436
down €23,436 (-10.4%), from €225,401 to €201,965
- Financial charges +€14,479
up €14,479 (+20.6%), from €70,222 to €84,701
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,182
Gross operating margin
+€87,204
Staff costs
-€61,014
Depreciation
+€23,436
Other operating charges
-€377
Other operating items
-€2,746
Financial income
-€3,411
Financial charges
-€14,479
Taxes
+€6,738
Result 2025
€138,534
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€451,409
Investment
-€434,854
Financing
+€255,354
Cash 2024
€420,571
From operations (derived)
+€451,409
Net result for the year
+€138,534
Depreciation
+€201,965
Stocks and contracts
-€67,536
Receivables within one year
+€146,394
Deferred charges and accrued income
+€2,551
Trade debts
+€26,977
Tax, wage and social debts
-€4,947
Other debts
-€164
Accrued charges and deferred income
+€7,634
Investment (derived)
-€434,854
Investment in fixed assets (net)
-€484,854
Current investments
+€50,000
Financing
+€255,354
Debts after one year
+€306,847
Current portion of long-term debt
+€3,167
Contributions, distributions and other
-€54,660
Cash 2025
€692,479
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,543,915 | €2,967,303 | +€423,388 | +16.6% |
| Fixed assets | 21/28 | €1,350,275 | €1,633,164 | +€282,889 | +21.0% |
| Intangible fixed assets | 21 | €195,000 | €135,000 | -€60,000 | -30.8% |
| Tangible fixed assets | 22/27 | €1,150,275 | €1,493,164 | +€342,889 | +29.8% |
| Land and buildings | 22 | €571,825 | €972,809 | +€400,983 | +70.1% |
| Plant, machinery and equipment | 23 | €153,296 | €167,645 | +€14,349 | +9.4% |
| Furniture and vehicles | 24 | €55,549 | €35,907 | -€19,643 | -35.4% |
| Other tangible fixed assets | 26 | €369,604 | €316,804 | -€52,801 | -14.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,193,640 | €1,334,138 | +€140,499 | +11.8% |
| Stocks and contracts in progress | 3 | €324,669 | €392,205 | +€67,536 | +20.8% |
| Stocks | 30/36 | €324,669 | €392,205 | +€67,536 | +20.8% |
| Amounts receivable within one year | 40/41 | €383,464 | €237,070 | -€146,394 | -38.2% |
| Trade receivables | 40 | €340,626 | €203,021 | -€137,604 | -40.4% |
| Other amounts receivable | 41 | €42,838 | €34,048 | -€8,790 | -20.5% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €420,571 | €692,479 | +€271,908 | +64.7% |
| Deferred charges and accrued income | 490/1 | €14,937 | €12,386 | -€2,551 | -17.1% |
| Total equity and liabilities | 10/49 | €2,543,915 | €2,967,303 | +€423,388 | +16.6% |
| Equity | 10/15 | €1,155,336 | €1,239,210 | +€83,874 | +7.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €899,480 | €983,355 | +€83,874 | +9.3% |
| Tax-exempt reserves | 132 | €148,626 | €189,450 | +€40,824 | +27.5% |
| Distributable reserves | 133 | €750,854 | €793,904 | +€43,050 | +5.7% |
| Profit (loss) carried forward | 14 | €205,855 | €205,855 | = | 0.0% |
| Amounts payable | 17/49 | €1,388,579 | €1,728,093 | +€339,513 | +24.5% |
| Amounts payable after more than one year | 17 | €683,645 | €990,492 | +€306,847 | +44.9% |
| Financial debts | 170/4 | €683,645 | €990,492 | +€306,847 | +44.9% |
| Amounts payable within one year | 42/48 | €688,124 | €713,157 | +€25,032 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €109,002 | €112,168 | +€3,167 | +2.9% |
| Trade debts | 44 | €338,561 | €365,538 | +€26,977 | +8.0% |
| Suppliers | 440/4 | €338,561 | €365,538 | +€26,977 | +8.0% |
| Taxes, remuneration and social security | 45 | €50,004 | €45,057 | -€4,947 | -9.9% |
| Taxes | 450/3 | €32,960 | €21,819 | -€11,141 | -33.8% |
| Remuneration and social security | 454/9 | €17,044 | €23,237 | +€6,193 | +36.3% |
| Other amounts payable | 47/48 | €190,557 | €190,393 | -€164 | -0.1% |
| Accrued charges and deferred income | 492/3 | €16,810 | €24,444 | +€7,634 | +45.4% |
| Non-recurring operating income | 76A | - | €8,178 | +€8,178 | |
| Remuneration, social security and pensions | 62 | €146,384 | €207,398 | +€61,014 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,401 | €201,965 | -€23,436 | -10.4% |
| Other operating charges | 640/8 | €1,350 | €1,727 | +€377 | +27.9% |
| Non-recurring operating charges | 66A | - | €2,746 | +€2,746 | |
| Gross operating margin | 9900 | €602,526 | €689,730 | +€87,204 | +14.5% |
| Operating profit (loss) | 9901 | €229,390 | €275,894 | +€46,504 | +20.3% |
| Financial income | 75/76B | €7,231 | €3,820 | -€3,411 | -47.2% |
| Recurring financial income | 75 | €7,231 | €3,820 | -€3,411 | -47.2% |
| Financial charges | 65/66B | €70,222 | €84,701 | +€14,479 | +20.6% |
| Recurring financial charges | 65 | €70,222 | €84,701 | +€14,479 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €166,399 | €195,013 | +€28,614 | +17.2% |
| Income taxes | 67/77 | €63,217 | €56,479 | -€6,738 | -10.7% |
| Profit (loss) for the period | 9904 | €103,182 | €138,534 | +€35,352 | +34.3% |
| Transfer from tax-exempt reserves | 789 | €147,350 | - | -€147,350 | |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €250,532 | €96,434 | -€154,098 | -61.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.