APOVSK: 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.
APOVSK
Largest movements
- Cash -€47,030
down €47,030 (-77.7%), from €60,492 to €13,462
mainly Contributions, distributions and other (-€159,000) and Other debts (-€64,187)
- Other debts -€64,187
down €64,187 (-5.3%), from €1.2m to €1.1m
- Gross operating margin -€6,954
down €6,954 (-2.8%), from €245,612 to €238,658
- Taxes -€3,181
down €3,181 (-6.0%), from €53,114 to €49,933
- Financial charges +€2,716
up €2,716 (+28.5%), from €9,539 to €12,255
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 | €2,321,275 | €2,256,999 | -€64,276 | -2.8% |
| Fixed assets | 21/28 | €2,250,327 | €2,234,894 | -€15,433 | -0.7% |
| Tangible fixed assets | 22/27 | €55,327 | €39,894 | -€15,433 | -27.9% |
| Furniture and vehicles | 24 | €55,327 | €39,894 | -€15,433 | -27.9% |
| Financial fixed assets | 28 | €2,195,000 | €2,195,000 | = | 0.0% |
| Current assets | 29/58 | €70,948 | €22,105 | -€48,843 | -68.8% |
| Amounts receivable within one year | 40/41 | €8,215 | €6,070 | -€2,145 | -26.1% |
| Trade receivables | 40 | €6,313 | €6,050 | -€263 | -4.2% |
| Other amounts receivable | 41 | €1,902 | €20 | -€1,881 | -98.9% |
| Cash at bank and in hand | 54/58 | €60,492 | €13,462 | -€47,030 | -77.7% |
| Deferred charges and accrued income | 490/1 | €2,241 | €2,573 | +€332 | +14.8% |
| Total equity and liabilities | 10/49 | €2,321,275 | €2,256,999 | -€64,276 | -2.8% |
| Equity | 10/15 | €321,438 | €322,109 | +€672 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €302,838 | €303,509 | +€672 | +0.2% |
| Distributable reserves | 133 | €302,838 | €303,509 | +€672 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,999,838 | €1,934,890 | -€64,948 | -3.2% |
| Amounts payable after more than one year | 17 | €750,000 | €750,000 | = | 0.0% |
| Financial debts | 170/4 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,249,775 | €1,184,826 | -€64,949 | -5.2% |
| Trade debts | 44 | €422 | €426 | +€4 | +0.9% |
| Suppliers | 440/4 | €422 | €426 | +€4 | +0.9% |
| Taxes, remuneration and social security | 45 | €45,383 | €44,617 | -€766 | -1.7% |
| Taxes | 450/3 | €45,383 | €44,617 | -€766 | -1.7% |
| Other amounts payable | 47/48 | €1,203,970 | €1,139,784 | -€64,187 | -5.3% |
| Accrued charges and deferred income | 492/3 | €63 | €63 | +€1 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,433 | €15,433 | = | 0.0% |
| Other operating charges | 640/8 | €797 | €1,367 | +€570 | +71.5% |
| Gross operating margin | 9900 | €245,612 | €238,658 | -€6,954 | -2.8% |
| Operating profit (loss) | 9901 | €229,382 | €221,858 | -€7,524 | -3.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €9,539 | €12,255 | +€2,716 | +28.5% |
| Recurring financial charges | 65 | €9,539 | €12,255 | +€2,716 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €219,842 | €209,605 | -€10,238 | -4.7% |
| Income taxes | 67/77 | €53,114 | €49,933 | -€3,181 | -6.0% |
| Profit (loss) for the period | 9904 | €166,729 | €159,672 | -€7,057 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €166,729 | €159,672 | -€7,057 | -4.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.