APOPHIS: 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.
APOPHIS
Largest movements
- Receivables within one year -€13,093
down €13,093 (-61.1%), from €21,414 to €8,321
of which Trade receivables: -€14,346
- Cash +€5,537
up €5,537 (+133%), from €4,165 to €9,702
mainly Receivables within one year (+€13,093) and Depreciation (+€9,650)
- Tangible fixed assets +€4,688
up €4,688 (+17.6%), from €26,659 to €31,347
of which Furniture and vehicles: +€8,097
- Other debts +€7,990
up €7,990 (+285%), from €2,801 to €10,791
- Debts after one year -€6,460
down €6,460 (-79.7%), from €8,108 to €1,648
- Profit (loss) carried forward -€2,849
down €2,849 (-31.6%), from €9,021 to €6,172
- Trade debts -€2,264
down €2,264 (-33.6%), from €6,746 to €4,482
- Tax, wage and social debts +€547
new in 2025: €547
- Gross operating margin -€10,843
down €10,843 (-37.3%), from €29,097 to €18,254
- Depreciation +€1,324
up €1,324 (+15.9%), from €8,326 to €9,650
- Taxes +€547
new in 2025: €547
- Financial income +€491
up €491 (+893%), from €55 to €546
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 | €52,930 | €50,100 | -€2,830 | -5.3% |
| Fixed assets | 21/28 | €26,809 | €31,497 | +€4,688 | +17.5% |
| Tangible fixed assets | 22/27 | €26,659 | €31,347 | +€4,688 | +17.6% |
| Plant, machinery and equipment | 23 | €663 | €309 | -€354 | -53.4% |
| Furniture and vehicles | 24 | €4,201 | €12,298 | +€8,097 | +193% |
| Other tangible fixed assets | 26 | €21,795 | €18,740 | -€3,055 | -14.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €26,121 | €18,603 | -€7,518 | -28.8% |
| Amounts receivable within one year | 40/41 | €21,414 | €8,321 | -€13,093 | -61.1% |
| Trade receivables | 40 | €15,038 | €692 | -€14,346 | -95.4% |
| Other amounts receivable | 41 | €6,376 | €7,629 | +€1,253 | +19.7% |
| Cash at bank and in hand | 54/58 | €4,165 | €9,702 | +€5,537 | +133% |
| Deferred charges and accrued income | 490/1 | €542 | €580 | +€38 | +7.0% |
| Total equity and liabilities | 10/49 | €52,930 | €50,100 | -€2,830 | -5.3% |
| Equity | 10/15 | €29,021 | €26,172 | -€2,849 | -9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,021 | €6,172 | -€2,849 | -31.6% |
| Amounts payable | 17/49 | €23,909 | €23,928 | +€19 | +0.1% |
| Amounts payable after more than one year | 17 | €8,108 | €1,648 | -€6,460 | -79.7% |
| Financial debts | 170/4 | €8,108 | €1,648 | -€6,460 | -79.7% |
| Amounts payable within one year | 42/48 | €15,801 | €22,280 | +€6,479 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €6,254 | €6,460 | +€206 | +3.3% |
| Trade debts | 44 | €6,746 | €4,482 | -€2,264 | -33.6% |
| Suppliers | 440/4 | €6,746 | €4,482 | -€2,264 | -33.6% |
| Taxes, remuneration and social security | 45 | - | €547 | +€547 | |
| Taxes | 450/3 | - | €547 | +€547 | |
| Other amounts payable | 47/48 | €2,801 | €10,791 | +€7,990 | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,326 | €9,650 | +€1,324 | +15.9% |
| Other operating charges | 640/8 | €693 | €792 | +€99 | +14.3% |
| Gross operating margin | 9900 | €29,097 | €18,254 | -€10,843 | -37.3% |
| Operating profit (loss) | 9901 | €20,078 | €7,812 | -€12,266 | -61.1% |
| Financial income | 75/76B | €55 | €546 | +€491 | +893% |
| Recurring financial income | 75 | €55 | €546 | +€491 | +893% |
| Financial charges | 65/66B | €787 | €660 | -€127 | -16.1% |
| Recurring financial charges | 65 | €787 | €660 | -€127 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €19,346 | €7,698 | -€11,648 | -60.2% |
| Income taxes | 67/77 | - | €547 | +€547 | |
| Profit (loss) for the period | 9904 | €19,346 | €7,151 | -€12,195 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,346 | €7,151 | -€12,195 | -63.0% |
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 24 October 2026 via checked.be.