APOSTEL: 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.
APOSTEL
Largest movements
- Cash +€18,836
up €18,836 (+51.3%), from €36,714 to €55,550
mainly Receivables within one year (+€12,433) and Depreciation (+€12,144)
- Receivables within one year -€12,433
down €12,433 (-64.0%), from €19,430 to €6,998
of which Trade receivables: -€8,697
- Tangible fixed assets -€11,795
down €11,795 (-65.0%), from €18,156 to €6,362
of which Furniture and vehicles: -€12,123
- Debts after one year -€9,672
down €9,672 (-62.8%), from €15,393 to €5,721
- Reserves +€5,707
up €5,707 (+17.8%), from €31,998 to €37,705
- Tax, wage and social debts -€2,606
down €2,606 (-27.9%), from €9,333 to €6,727
- Other debts +€782
up €782 (+21.0%), from €3,719 to €4,501
- Gross operating margin +€5,880
up €5,880 (+38.7%), from €15,204 to €21,084
- Taxes +€1,950
up €1,950 (+167.5%), from €1,164 to €3,114
- Financial income +€472
new in 2025: €472
- Financial charges -€456
down €456 (-51.8%), from €879 to €423
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 | €75,054 | €69,735 | -€5,319 | -7.1% |
| Fixed assets | 21/28 | €18,156 | €6,362 | -€11,795 | -65.0% |
| Tangible fixed assets | 22/27 | €18,156 | €6,362 | -€11,795 | -65.0% |
| Plant, machinery and equipment | 23 | - | €329 | +€329 | |
| Furniture and vehicles | 24 | €18,156 | €6,033 | -€12,123 | -66.8% |
| Current assets | 29/58 | €56,898 | €63,374 | +€6,476 | +11.4% |
| Amounts receivable within one year | 40/41 | €19,430 | €6,998 | -€12,433 | -64.0% |
| Trade receivables | 40 | €14,480 | €5,783 | -€8,697 | -60.1% |
| Other amounts receivable | 41 | €4,950 | €1,214 | -€3,736 | -75.5% |
| Cash at bank and in hand | 54/58 | €36,714 | €55,550 | +€18,836 | +51.3% |
| Deferred charges and accrued income | 490/1 | €754 | €826 | +€72 | +9.6% |
| Total equity and liabilities | 10/49 | €75,054 | €69,735 | -€5,319 | -7.1% |
| Equity | 10/15 | €36,998 | €42,705 | +€5,707 | +15.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,998 | €37,705 | +€5,707 | +17.8% |
| Distributable reserves | 133 | €31,998 | €37,705 | +€5,707 | +17.8% |
| Amounts payable | 17/49 | €38,056 | €27,030 | -€11,025 | -29.0% |
| Amounts payable after more than one year | 17 | €15,393 | €5,721 | -€9,672 | -62.8% |
| Financial debts | 170/4 | €15,393 | €5,721 | -€9,672 | -62.8% |
| Amounts payable within one year | 42/48 | €22,662 | €21,089 | -€1,573 | -6.9% |
| Financial debts | 43 | €9,504 | €9,672 | +€168 | +1.8% |
| Credit institutions | 430/8 | €9,504 | €9,672 | +€168 | +1.8% |
| Trade debts | 44 | €107 | €190 | +€83 | +77.1% |
| Suppliers | 440/4 | €107 | €190 | +€83 | +77.1% |
| Taxes, remuneration and social security | 45 | €9,333 | €6,727 | -€2,606 | -27.9% |
| Taxes | 450/3 | €9,333 | €6,727 | -€2,606 | -27.9% |
| Other amounts payable | 47/48 | €3,719 | €4,501 | +€782 | +21.0% |
| Accrued charges and deferred income | 492/3 | - | €220 | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,123 | €12,144 | +€20 | +0.2% |
| Other operating charges | 640/8 | €141 | €168 | +€27 | +19.4% |
| Gross operating margin | 9900 | €15,204 | €21,084 | +€5,880 | +38.7% |
| Operating profit (loss) | 9901 | €2,940 | €8,773 | +€5,832 | +198.4% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €879 | €423 | -€456 | -51.8% |
| Recurring financial charges | 65 | €879 | €423 | -€456 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €2,062 | €8,821 | +€6,759 | +327.9% |
| Income taxes | 67/77 | €1,164 | €3,114 | +€1,950 | +167.5% |
| Profit (loss) for the period | 9904 | €897 | €5,707 | +€4,809 | +535.9% |
| Profit (loss) for the period to be appropriated | 9905 | €897 | €5,707 | +€4,809 | +535.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.