Apostolou Management: what changed
Apostolou Management
Largest movements
- Receivables within one year +€84,627
up €84,627 (+174%), from €48,718 to €133,345
of which Other amounts receivable: +€85,845
- Cash +€10,065
up €10,065 (+161%), from €6,246 to €16,311
mainly Net result for the year (+€91,801) and Other debts (+€1,733)
- Reserves +€91,801
up €91,801 (+238%), from €38,511 to €130,313
- Other debts +€1,733
up €1,733 (+39.6%), from €4,381 to €6,114
- Gross operating margin +€66,018
up €66,018 (+131%), from €50,378 to €116,396
- Taxes +€14,494
up €14,494 (+150%), from €9,661 to €24,155
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,964 | €149,656 | +€94,692 | +172% |
| Current assets | 29/58 | €54,964 | €149,656 | +€94,692 | +172% |
| Amounts receivable within one year | 40/41 | €48,718 | €133,345 | +€84,627 | +174% |
| Trade receivables | 40 | €1,218 | €0 | -€1,218 | -100% |
| Other amounts receivable | 41 | €47,500 | €133,345 | +€85,845 | +181% |
| Cash at bank and in hand | 54/58 | €6,246 | €16,311 | +€10,065 | +161% |
| Total equity and liabilities | 10/49 | €54,964 | €149,656 | +€94,692 | +172% |
| Equity | 10/15 | €39,011 | €130,813 | +€91,801 | +235% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €38,511 | €130,313 | +€91,801 | +238% |
| Distributable reserves | 133 | €38,511 | €130,313 | +€91,801 | +238% |
| Amounts payable | 17/49 | €15,952 | €18,843 | +€2,891 | +18.1% |
| Amounts payable within one year | 42/48 | €15,952 | €18,843 | +€2,891 | +18.1% |
| Trade debts | 44 | - | €203 | +€203 | |
| Suppliers | 440/4 | - | €203 | +€203 | |
| Taxes, remuneration and social security | 45 | €11,571 | €12,526 | +€955 | +8.3% |
| Taxes | 450/3 | €11,571 | €12,526 | +€955 | +8.3% |
| Other amounts payable | 47/48 | €4,381 | €6,114 | +€1,733 | +39.6% |
| Other operating charges | 640/8 | - | €368 | +€368 | |
| Gross operating margin | 9900 | €50,378 | €116,396 | +€66,018 | +131% |
| Operating profit (loss) | 9901 | €50,378 | €116,028 | +€65,650 | +130% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €50,311 | €115,956 | +€65,645 | +130% |
| Income taxes | 67/77 | €9,661 | €24,155 | +€14,494 | +150% |
| Profit (loss) for the period | 9904 | €40,650 | €91,801 | +€51,151 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €40,650 | €91,801 | +€51,151 | +126% |
Next steps
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 2 November 2026 via checked.be.