APOPEI TRANS: 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.
APOPEI TRANS
Largest movements
- Tangible fixed assets +€50,972
up €50,972 (+336%), from €15,155 to €66,127
- Cash +€35,772
up €35,772 (+69.2%), from €51,716 to €87,488
mainly Debts after one year (+€40,469) and Net result for the year (+€36,213)
- Receivables within one year -€10,391
down €10,391 (-30.0%), from €34,685 to €24,294
of which Trade receivables: -€8,821
- Deferred charges and accrued income +€2,019
up €2,019 (+117%), from €1,719 to €3,738
- Debts after one year +€40,469
new in 2025: €40,469
- Profit (loss) carried forward +€36,213
up €36,213 (+51.9%), from €69,757 to €105,970
- Tax, wage and social debts +€6,565
up €6,565 (+27.2%), from €24,139 to €30,704
- Trade debts -€6,182
down €6,182 (-74.8%), from €8,269 to €2,087
- Turnover -€246,787
no longer reported in 2025 (was €246,787)
- Purchases and services -€183,429
no longer reported in 2025 (was €183,429)
- Depreciation +€11,996
up €11,996 (+102%), from €11,750 to €23,746
- Gross operating margin +€10,423
up €10,423 (+16.5%), from €63,358 to €73,781
- Other operating charges -€2,997
down €2,997 (-77.2%), from €3,882 to €885
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 | €118,097 | €195,647 | +€77,550 | +65.7% |
| Fixed assets | 21/28 | €29,977 | €80,127 | +€50,150 | +167% |
| Tangible fixed assets | 22/27 | €15,155 | €66,127 | +€50,972 | +336% |
| Furniture and vehicles | 24 | €15,155 | €66,127 | +€50,972 | +336% |
| Financial fixed assets | 28 | €14,822 | €14,000 | -€822 | -5.5% |
| Current assets | 29/58 | €88,120 | €115,520 | +€27,400 | +31.1% |
| Amounts receivable within one year | 40/41 | €34,685 | €24,294 | -€10,391 | -30.0% |
| Trade receivables | 40 | €33,115 | €24,294 | -€8,821 | -26.6% |
| Other amounts receivable | 41 | €1,570 | - | -€1,570 | |
| Cash at bank and in hand | 54/58 | €51,716 | €87,488 | +€35,772 | +69.2% |
| Deferred charges and accrued income | 490/1 | €1,719 | €3,738 | +€2,019 | +117% |
| Total equity and liabilities | 10/49 | €118,097 | €195,647 | +€77,550 | +65.7% |
| Equity | 10/15 | €84,757 | €120,970 | +€36,213 | +42.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,757 | €105,970 | +€36,213 | +51.9% |
| Amounts payable | 17/49 | €33,340 | €74,677 | +€41,337 | +124% |
| Amounts payable after more than one year | 17 | - | €40,469 | +€40,469 | |
| Financial debts | 170/4 | - | €40,469 | +€40,469 | |
| Amounts payable within one year | 42/48 | €33,340 | €34,208 | +€868 | +2.6% |
| Trade debts | 44 | €8,269 | €2,087 | -€6,182 | -74.8% |
| Suppliers | 440/4 | €8,269 | €2,087 | -€6,182 | -74.8% |
| Taxes, remuneration and social security | 45 | €24,139 | €30,704 | +€6,565 | +27.2% |
| Taxes | 450/3 | €24,139 | €30,704 | +€6,565 | +27.2% |
| Other amounts payable | 47/48 | €932 | €1,417 | +€485 | +52.0% |
| Turnover | 70 | €246,787 | - | -€246,787 | |
| Goods, raw materials, services and sundry goods | 60/61 | €183,429 | - | -€183,429 | |
| Remuneration, social security and pensions | 62 | - | €647 | +€647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,750 | €23,746 | +€11,996 | +102% |
| Other operating charges | 640/8 | €3,882 | €885 | -€2,997 | -77.2% |
| Non-recurring operating charges | 66A | - | €1,743 | +€1,743 | |
| Gross operating margin | 9900 | €63,358 | €73,781 | +€10,423 | +16.5% |
| Operating profit (loss) | 9901 | €47,726 | €46,759 | -€967 | -2.0% |
| Financial charges | 65/66B | €157 | €1,493 | +€1,336 | +851% |
| Recurring financial charges | 65 | €157 | €1,493 | +€1,336 | +851% |
| Profit (loss) for the period before taxes | 9903 | €47,569 | €45,267 | -€2,302 | -4.8% |
| Income taxes | 67/77 | €9,576 | €9,053 | -€523 | -5.5% |
| Profit (loss) for the period | 9904 | €37,993 | €36,213 | -€1,780 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,993 | €36,213 | -€1,780 | -4.7% |
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 20 October 2026 via checked.be.