Apotheose: 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.
Apotheose
Largest movements
- Receivables within one year +€16,000
up €16,000, from €0 to €16,000
of which Other amounts receivable: +€16,000
- Tangible fixed assets -€1,700
down €1,700 (-43.4%), from €3,915 to €2,215
of which Plant, machinery and equipment: -€1,051
- Cash -€1,658
down €1,658 (-5.5%), from €30,014 to €28,356
mainly Receivables within one year (-€16,000) and Other debts (-€838)
- Reserves +€14,488
up €14,488 (+100.5%), from €14,412 to €28,900
- Other debts -€838
down €838 (-11.8%), from €7,083 to €6,245
- Tax, wage and social debts -€833
down €833 (-8.8%), from €9,449 to €8,616
of which Taxes: -€630
- Gross operating margin -€2,966
down €2,966 (-12.4%), from €24,011 to €21,045
- Taxes -€2,207
down €2,207 (-34.5%), from €6,407 to €4,200
- Other operating charges +€404
up €404 (+222.0%), from €182 to €585
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 | €34,291 | €47,015 | +€12,724 | +37.1% |
| Fixed assets | 21/28 | €3,915 | €2,215 | -€1,700 | -43.4% |
| Tangible fixed assets | 22/27 | €3,915 | €2,215 | -€1,700 | -43.4% |
| Plant, machinery and equipment | 23 | €2,546 | €1,495 | -€1,051 | -41.3% |
| Furniture and vehicles | 24 | €1,368 | €720 | -€649 | -47.4% |
| Current assets | 29/58 | €30,377 | €44,800 | +€14,424 | +47.5% |
| Amounts receivable within one year | 40/41 | €0 | €16,000 | +€16,000 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €16,000 | +€16,000 | |
| Cash at bank and in hand | 54/58 | €30,014 | €28,356 | -€1,658 | -5.5% |
| Deferred charges and accrued income | 490/1 | €363 | €445 | +€82 | +22.6% |
| Total equity and liabilities | 10/49 | €34,291 | €47,015 | +€12,724 | +37.1% |
| Equity | 10/15 | €17,412 | €31,900 | +€14,488 | +83.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,412 | €28,900 | +€14,488 | +100.5% |
| Distributable reserves | 133 | €14,412 | €28,900 | +€14,488 | +100.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,879 | €15,116 | -€1,764 | -10.4% |
| Amounts payable within one year | 42/48 | €16,879 | €15,116 | -€1,764 | -10.4% |
| Trade debts | 44 | €347 | €254 | -€93 | -26.8% |
| Suppliers | 440/4 | €347 | €254 | -€93 | -26.8% |
| Taxes, remuneration and social security | 45 | €9,449 | €8,616 | -€833 | -8.8% |
| Taxes | 450/3 | €9,246 | €8,616 | -€630 | -6.8% |
| Remuneration and social security | 454/9 | €203 | €0 | -€203 | -100.0% |
| Other amounts payable | 47/48 | €7,083 | €6,245 | -€838 | -11.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €1,700 | = | 0.0% |
| Other operating charges | 640/8 | €182 | €585 | +€404 | +222.0% |
| Gross operating margin | 9900 | €24,011 | €21,045 | -€2,966 | -12.4% |
| Operating profit (loss) | 9901 | €22,129 | €18,759 | -€3,370 | -15.2% |
| Financial income | 75/76B | €12 | €53 | +€41 | +346.2% |
| Recurring financial income | 75 | €12 | €53 | +€41 | +346.2% |
| Financial charges | 65/66B | €99 | €125 | +€25 | +25.2% |
| Recurring financial charges | 65 | €99 | €125 | +€25 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €22,041 | €18,688 | -€3,354 | -15.2% |
| Income taxes | 67/77 | €6,407 | €4,200 | -€2,207 | -34.5% |
| Profit (loss) for the period | 9904 | €15,634 | €14,488 | -€1,146 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,634 | €14,488 | -€1,146 | -7.3% |
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 29 September 2026 via checked.be.