APOROTS: 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.
APOROTS
Largest movements
- Receivables within one year -€49,934
down €49,934 (-36.3%), from €137,469 to €87,535
of which Other amounts receivable: -€54,017
- Tangible fixed assets -€18,149
down €18,149 (-8.6%), from €211,143 to €192,994
of which Land and buildings: -€11,106
- Cash +€12,686
up €12,686 (+53.7%), from €23,624 to €36,310
- Stocks and contracts -€11,724
down €11,724 (-9.8%), from €119,509 to €107,785
- Reserves -€53,090
down €53,090 (-23.3%), from €227,710 to €174,620
of which Distributable reserves: -€53,090
- Tax, wage and social debts -€15,715
down €15,715 (-47.8%), from €32,868 to €17,153
of which Taxes: -€15,456
- Trade debts +€9,540
up €9,540 (+12.8%), from €74,382 to €83,922
- Debts after one year -€8,202
down €8,202 (-26.3%), from €31,193 to €22,991
- Gross operating margin -€163,714
no longer reported in 2025 (was €163,714)
- Staff costs -€30,516
no longer reported in 2025 (was €30,516)
- Taxes -€24,471
no longer reported in 2025 (was €24,471)
- Depreciation -€18,231
no longer reported in 2025 (was €18,231)
- Financial income -€4,128
no longer reported in 2025 (was €4,128)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,306 | €449,560 | -€66,746 | -12.9% |
| Fixed assets | 21/28 | €218,628 | €200,478 | -€18,149 | -8.3% |
| Tangible fixed assets | 22/27 | €211,143 | €192,994 | -€18,149 | -8.6% |
| Land and buildings | 22 | €164,796 | €153,690 | -€11,106 | -6.7% |
| Furniture and vehicles | 24 | €1,003 | €4,036 | +€3,033 | +302.2% |
| Leasing and similar rights | 25 | €45,343 | €35,267 | -€10,076 | -22.2% |
| Financial fixed assets | 28 | €7,485 | €7,485 | = | 0.0% |
| Current assets | 29/58 | €297,679 | €249,082 | -€48,597 | -16.3% |
| Stocks and contracts in progress | 3 | €119,509 | €107,785 | -€11,724 | -9.8% |
| Stocks | 30/36 | €119,509 | €107,785 | -€11,724 | -9.8% |
| Amounts receivable within one year | 40/41 | €137,469 | €87,535 | -€49,934 | -36.3% |
| Trade receivables | 40 | €39,155 | €43,238 | +€4,083 | +10.4% |
| Other amounts receivable | 41 | €98,313 | €44,297 | -€54,017 | -54.9% |
| Cash at bank and in hand | 54/58 | €23,624 | €36,310 | +€12,686 | +53.7% |
| Deferred charges and accrued income | 490/1 | €17,077 | €17,452 | +€375 | +2.2% |
| Total equity and liabilities | 10/49 | €516,306 | €449,560 | -€66,746 | -12.9% |
| Equity | 10/15 | €246,310 | €193,220 | -€53,090 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €227,710 | €174,620 | -€53,090 | -23.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €225,850 | €172,760 | -€53,090 | -23.5% |
| Amounts payable | 17/49 | €269,997 | €256,341 | -€13,656 | -5.1% |
| Amounts payable after more than one year | 17 | €31,193 | €22,991 | -€8,202 | -26.3% |
| Financial debts | 170/4 | €31,193 | €22,991 | -€8,202 | -26.3% |
| Amounts payable within one year | 42/48 | €237,686 | €232,017 | -€5,669 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €7,936 | €8,202 | +€266 | +3.4% |
| Trade debts | 44 | €74,382 | €83,922 | +€9,540 | +12.8% |
| Suppliers | 440/4 | €74,382 | €83,922 | +€9,540 | +12.8% |
| Taxes, remuneration and social security | 45 | €32,868 | €17,153 | -€15,715 | -47.8% |
| Taxes | 450/3 | €27,231 | €11,774 | -€15,456 | -56.8% |
| Remuneration and social security | 454/9 | €5,637 | €5,378 | -€259 | -4.6% |
| Other amounts payable | 47/48 | €122,500 | €122,740 | +€240 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,118 | €1,333 | +€215 | +19.2% |
| Remuneration, social security and pensions | 62 | €30,516 | - | -€30,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,231 | - | -€18,231 | |
| Other operating charges | 640/8 | €2,714 | - | -€2,714 | |
| Gross operating margin | 9900 | €163,714 | - | -€163,714 | |
| Operating profit (loss) | 9901 | €112,254 | - | -€112,254 | |
| Financial income | 75/76B | €4,128 | - | -€4,128 | |
| Recurring financial income | 75 | €4,128 | - | -€4,128 | |
| Financial charges | 65/66B | €2,913 | - | -€2,913 | |
| Recurring financial charges | 65 | €2,913 | - | -€2,913 | |
| Profit (loss) for the period before taxes | 9903 | €113,470 | - | -€113,470 | |
| Income taxes | 67/77 | €24,471 | - | -€24,471 | |
| Profit (loss) for the period | 9904 | €88,999 | - | -€88,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,999 | - | -€88,999 |
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 5 October 2026 via checked.be.