APOSTROPHE COPYWRITING: 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.
APOSTROPHE COPYWRITING
Largest movements
- Tangible fixed assets -€16,712
down €16,712 (-11.3%), from €147,526 to €130,813
of which Furniture and vehicles: -€13,736
- Receivables within one year -€3,664
down €3,664 (-10.9%), from €33,496 to €29,832
of which Trade receivables: -€2,679
- Cash -€3,392
down €3,392 (-8.8%), from €38,366 to €34,975
mainly Net result for the year (-€18,182) and Other debts (-€2,843)
- Profit (loss) carried forward -€18,182
down €18,182, from €4,086 to -€14,096
- Other debts -€2,843
down €2,843 (-4.8%), from €59,629 to €56,785
- Gross operating margin -€11,738
down €11,738 (-92.2%), from €12,729 to €991
- Financial charges +€824
up €824 (+62.8%), from €1,312 to €2,136
of which Financial charges: +€574
- Depreciation -€770
down €770 (-5.5%), from €14,130 to €13,359
- Taxes +€188
up €188 (+560%), from €34 to €222
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 | €219,388 | €195,620 | -€23,768 | -10.8% |
| Fixed assets | 21/28 | €147,526 | €130,813 | -€16,712 | -11.3% |
| Tangible fixed assets | 22/27 | €147,526 | €130,813 | -€16,712 | -11.3% |
| Land and buildings | 22 | €119,443 | €108,498 | -€10,944 | -9.2% |
| Furniture and vehicles | 24 | €24,152 | €10,416 | -€13,736 | -56.9% |
| Other tangible fixed assets | 26 | €3,931 | €11,899 | +€7,968 | +203% |
| Current assets | 29/58 | €71,862 | €64,807 | -€7,055 | -9.8% |
| Amounts receivable within one year | 40/41 | €33,496 | €29,832 | -€3,664 | -10.9% |
| Trade receivables | 40 | €30,590 | €27,911 | -€2,679 | -8.8% |
| Other amounts receivable | 41 | €2,906 | €1,922 | -€985 | -33.9% |
| Cash at bank and in hand | 54/58 | €38,366 | €34,975 | -€3,392 | -8.8% |
| Total equity and liabilities | 10/49 | €219,388 | €195,620 | -€23,768 | -10.8% |
| Equity | 10/15 | €57,146 | €38,964 | -€18,182 | -31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| 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 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,086 | -€14,096 | -€18,182 | |
| Amounts payable | 17/49 | €162,242 | €156,656 | -€5,586 | -3.4% |
| Amounts payable after more than one year | 17 | €76,351 | €76,079 | -€272 | -0.4% |
| Financial debts | 170/4 | €76,351 | €76,079 | -€272 | -0.4% |
| Amounts payable within one year | 42/48 | €85,891 | €80,577 | -€5,314 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €17,410 | €16,585 | -€825 | -4.7% |
| Trade debts | 44 | €1,248 | €823 | -€426 | -34.1% |
| Suppliers | 440/4 | €1,248 | €823 | -€426 | -34.1% |
| Taxes, remuneration and social security | 45 | €7,604 | €6,384 | -€1,220 | -16.0% |
| Taxes | 450/3 | €7,604 | €6,384 | -€1,220 | -16.0% |
| Other amounts payable | 47/48 | €59,629 | €56,785 | -€2,843 | -4.8% |
| Non-recurring operating income | 76A | - | €2,513 | +€2,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,130 | €13,359 | -€770 | -5.5% |
| Other operating charges | 640/8 | €3,171 | €3,120 | -€50 | -1.6% |
| Non-recurring operating charges | 66A | - | €334 | +€334 | |
| Gross operating margin | 9900 | €12,729 | €991 | -€11,738 | -92.2% |
| Operating profit (loss) | 9901 | -€4,571 | -€15,823 | -€11,252 | -246% |
| Financial charges | 65/66B | €1,312 | €2,136 | +€824 | +62.8% |
| Recurring financial charges | 65 | €1,312 | €1,886 | +€574 | +43.8% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | -€5,883 | -€17,960 | -€12,076 | -205% |
| Income taxes | 67/77 | €34 | €222 | +€188 | +560% |
| Profit (loss) for the period | 9904 | -€5,917 | -€18,182 | -€12,265 | -207% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,917 | -€18,182 | -€12,265 | -207% |
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 21 October 2026 via checked.be.