APRENO: 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.
APRENO
Largest movements
- Receivables within one year +€34,560
up €34,560 (+52.2%), from €66,216 to €100,776
of which Other amounts receivable: +€38,709
- Cash -€15,179
down €15,179 (-82.0%), from €18,503 to €3,325
mainly Receivables within one year (-€34,560) and Investment in fixed assets (net) (-€17,770)
- Tangible fixed assets +€13,235
up €13,235 (+306%), from €4,322 to €17,557
of which Furniture and vehicles: +€13,235
- Profit (loss) carried forward +€17,462
up €17,462 (+38.9%), from €44,857 to €62,318
- Trade debts +€13,778
up €13,778 (+65.1%), from €21,165 to €34,943
- Tax, wage and social debts +€1,596
up €1,596 (+36.2%), from €4,408 to €6,004
of which Remuneration and social security: +€1,001
- Gross operating margin -€28,534
down €28,534 (-42.3%), from €67,428 to €38,895
- Financial charges -€14,574
down €14,574 (-99.8%), from €14,609 to €34
- Staff costs -€9,170
down €9,170 (-38.8%), from €23,629 to €14,459
- Depreciation -€2,217
down €2,217 (-32.8%), from €6,752 to €4,535
- Other operating charges -€1,292
down €1,292 (-36.6%), from €3,532 to €2,240
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 | €90,889 | €123,725 | +€32,836 | +36.1% |
| Fixed assets | 21/28 | €4,322 | €17,557 | +€13,235 | +306% |
| Tangible fixed assets | 22/27 | €4,322 | €17,557 | +€13,235 | +306% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €4,322 | €17,557 | +€13,235 | +306% |
| Current assets | 29/58 | €86,567 | €106,168 | +€19,601 | +22.6% |
| Amounts receivable within one year | 40/41 | €66,216 | €100,776 | +€34,560 | +52.2% |
| Trade receivables | 40 | €41,697 | €37,548 | -€4,149 | -10.0% |
| Other amounts receivable | 41 | €24,519 | €63,228 | +€38,709 | +158% |
| Cash at bank and in hand | 54/58 | €18,503 | €3,325 | -€15,179 | -82.0% |
| Deferred charges and accrued income | 490/1 | €1,848 | €2,067 | +€220 | +11.9% |
| Total equity and liabilities | 10/49 | €90,889 | €123,725 | +€32,836 | +36.1% |
| Equity | 10/15 | €65,317 | €82,778 | +€17,462 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,857 | €62,318 | +€17,462 | +38.9% |
| Amounts payable | 17/49 | €25,572 | €40,947 | +€15,375 | +60.1% |
| Amounts payable within one year | 42/48 | €25,572 | €40,947 | +€15,375 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €21,165 | €34,943 | +€13,778 | +65.1% |
| Suppliers | 440/4 | €21,165 | €34,943 | +€13,778 | +65.1% |
| Taxes, remuneration and social security | 45 | €4,408 | €6,004 | +€1,596 | +36.2% |
| Taxes | 450/3 | - | €595 | +€595 | |
| Remuneration and social security | 454/9 | €4,408 | €5,409 | +€1,001 | +22.7% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Non-recurring operating income | 76A | €10,102 | €1,552 | -€8,550 | -84.6% |
| Remuneration, social security and pensions | 62 | €23,629 | €14,459 | -€9,170 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,752 | €4,535 | -€2,217 | -32.8% |
| Other operating charges | 640/8 | €3,532 | €2,240 | -€1,292 | -36.6% |
| Gross operating margin | 9900 | €67,428 | €38,895 | -€28,534 | -42.3% |
| Operating profit (loss) | 9901 | €33,516 | €17,660 | -€15,856 | -47.3% |
| Financial income | 75/76B | €187 | - | -€187 | |
| Recurring financial income | 75 | €187 | - | -€187 | |
| Financial charges | 65/66B | €14,609 | €34 | -€14,574 | -99.8% |
| Recurring financial charges | 65 | €14,609 | €34 | -€14,574 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €19,094 | €17,625 | -€1,468 | -7.7% |
| Income taxes | 67/77 | €14 | €164 | +€149 | +1,038% |
| Profit (loss) for the period | 9904 | €19,080 | €17,462 | -€1,618 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,080 | €17,462 | -€1,618 | -8.5% |
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 16 October 2026 via checked.be.