APOTREM: 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.
APOTREM
Largest movements
- Intangible fixed assets -€54,735
down €54,735 (-50.0%), from €109,470 to €54,735
- Cash +€44,087
up €44,087 (+1336.8%), from €3,298 to €47,384
mainly Contributions, distributions and other (+€313,000) and Other debts (+€80,000)
- Tangible fixed assets +€4,812
up €4,812 (+144.3%), from €3,336 to €8,148
of which Plant, machinery and equipment: +€5,243
- Debts after one year -€328,849
down €328,849 (-100.0%), from €328,849 to €0
- Contributions +€313,000
up €313,000 (+1682.8%), from €18,600 to €331,600
- Profit (loss) carried forward -€80,844
down €80,844 (-34.9%), from -€231,932 to -€312,776
- Other debts +€80,000
new in 2025: €80,000
- Trade debts +€11,202
new in 2025: €11,202
- Gross operating margin -€54,159
down €54,159, from €29,263 to -€24,897
- Other operating charges +€402
up €402 (+340.4%), from €118 to €520
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 | €116,114 | €110,282 | -€5,831 | -5.0% |
| Fixed assets | 21/28 | €112,806 | €62,883 | -€49,923 | -44.3% |
| Intangible fixed assets | 21 | €109,470 | €54,735 | -€54,735 | -50.0% |
| Tangible fixed assets | 22/27 | €3,336 | €8,148 | +€4,812 | +144.3% |
| Land and buildings | 22 | €3,336 | €2,905 | -€431 | -12.9% |
| Plant, machinery and equipment | 23 | - | €5,243 | +€5,243 | |
| Current assets | 29/58 | €3,308 | €47,400 | +€44,092 | +1332.8% |
| Amounts receivable within one year | 40/41 | €10 | €15 | +€5 | +49.2% |
| Other amounts receivable | 41 | €10 | €15 | +€5 | +49.2% |
| Cash at bank and in hand | 54/58 | €3,298 | €47,384 | +€44,087 | +1336.8% |
| Total equity and liabilities | 10/49 | €116,114 | €110,282 | -€5,831 | -5.0% |
| Equity | 10/15 | -€213,332 | €18,824 | +€232,156 | |
| Contributions | 10/11 | €18,600 | €331,600 | +€313,000 | +1682.8% |
| Profit (loss) carried forward | 14 | -€231,932 | -€312,776 | -€80,844 | -34.9% |
| Amounts payable | 17/49 | €329,446 | €91,458 | -€237,988 | -72.2% |
| Amounts payable after more than one year | 17 | €328,849 | €0 | -€328,849 | -100.0% |
| Other amounts payable | 178/9 | €328,849 | €0 | -€328,849 | -100.0% |
| Amounts payable within one year | 42/48 | €597 | €91,458 | +€90,861 | +15228.3% |
| Trade debts | 44 | - | €11,202 | +€11,202 | |
| Suppliers | 440/4 | - | €11,202 | +€11,202 | |
| Taxes, remuneration and social security | 45 | €597 | €256 | -€341 | -57.2% |
| Taxes | 450/3 | €597 | €256 | -€341 | -57.2% |
| Other amounts payable | 47/48 | - | €80,000 | +€80,000 | |
| Remuneration, social security and pensions | 62 | - | €231 | +€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,166 | €55,170 | +€4 | 0.0% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €29,263 | -€24,897 | -€54,159 | |
| Operating profit (loss) | 9901 | -€26,021 | -€80,817 | -€54,796 | -210.6% |
| Financial income | 75/76B | €34 | €17 | -€17 | -50.5% |
| Recurring financial income | 75 | €34 | €17 | -€17 | -50.5% |
| Financial charges | 65/66B | €46 | €44 | -€2 | -5.3% |
| Recurring financial charges | 65 | €46 | €44 | -€2 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,033 | -€80,844 | -€54,811 | -210.5% |
| Profit (loss) for the period | 9904 | -€26,033 | -€80,844 | -€54,811 | -210.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,033 | -€80,844 | -€54,811 | -210.5% |
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 7 October 2026 via checked.be.