Apticom: 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.
Apticom
Largest movements
- Receivables within one year +€151,358
up €151,358 (+314.1%), from €48,189 to €199,547
of which Trade receivables: +€151,332
- Cash -€141,609
down €141,609 (-83.1%), from €170,393 to €28,784
mainly Net result for the year (-€703,640) and Receivables within one year (-€151,358)
- Intangible fixed assets -€49,147
down €49,147 (-27.1%), from €181,267 to €132,120
- Tangible fixed assets -€24,314
down €24,314 (-32.3%), from €75,339 to €51,026
of which Plant, machinery and equipment: -€14,736
- Stocks and contracts -€17,421
down €17,421 (-6.1%), from €287,743 to €270,322
- Profit (loss) carried forward -€703,640
down €703,640 (-42.2%), from -€1.7m to -€2.4m
- Short-term financial debts +€438,595
up €438,595 (+93.9%), from €467,237 to €905,831
- Accrued charges and deferred income +€176,000
new in 2025: €176,000
- Trade debts +€78,767
up €78,767 (+129.3%), from €60,899 to €139,666
- Tax, wage and social debts -€61,586
down €61,586 (-46.4%), from €132,788 to €71,202
of which Remuneration and social security: -€60,987
- Turnover +€259,603
up €259,603 (+25.0%), from €1.0m to €1.3m
- Purchases and services +€150,442
up €150,442 (+14.5%), from €1.0m to €1.2m
- Gross operating margin +€126,256
up €126,256 (+847.5%), from €14,898 to €141,154
- Staff costs -€25,413
down €25,413 (-3.5%), from €730,642 to €705,229
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 | €767,016 | €688,552 | -€78,464 | -10.2% |
| Fixed assets | 21/28 | €256,607 | €183,146 | -€73,461 | -28.6% |
| Intangible fixed assets | 21 | €181,267 | €132,120 | -€49,147 | -27.1% |
| Tangible fixed assets | 22/27 | €75,339 | €51,026 | -€24,314 | -32.3% |
| Plant, machinery and equipment | 23 | €46,921 | €32,186 | -€14,736 | -31.4% |
| Furniture and vehicles | 24 | €16,747 | €11,127 | -€5,620 | -33.6% |
| Other tangible fixed assets | 26 | €11,671 | €7,713 | -€3,958 | -33.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €510,409 | €505,406 | -€5,003 | -1.0% |
| Stocks and contracts in progress | 3 | €287,743 | €270,322 | -€17,421 | -6.1% |
| Stocks | 30/36 | €287,743 | €270,322 | -€17,421 | -6.1% |
| Amounts receivable within one year | 40/41 | €48,189 | €199,547 | +€151,358 | +314.1% |
| Trade receivables | 40 | €48,189 | €199,521 | +€151,332 | +314.0% |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €170,393 | €28,784 | -€141,609 | -83.1% |
| Deferred charges and accrued income | 490/1 | €4,084 | €6,753 | +€2,669 | +65.4% |
| Total equity and liabilities | 10/49 | €767,016 | €688,552 | -€78,464 | -10.2% |
| Equity | 10/15 | -€264,472 | -€968,112 | -€703,640 | -266.1% |
| Contributions | 10/11 | €1,402,680 | €1,402,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,667,152 | -€2,370,792 | -€703,640 | -42.2% |
| Amounts payable | 17/49 | €1,031,488 | €1,656,664 | +€625,177 | +60.6% |
| Amounts payable within one year | 42/48 | €1,031,488 | €1,480,664 | +€449,177 | +43.5% |
| Financial debts | 43 | €467,237 | €905,831 | +€438,595 | +93.9% |
| Credit institutions | 430/8 | €467,237 | €905,831 | +€438,595 | +93.9% |
| Trade debts | 44 | €60,899 | €139,666 | +€78,767 | +129.3% |
| Suppliers | 440/4 | €60,899 | €139,666 | +€78,767 | +129.3% |
| Taxes, remuneration and social security | 45 | €132,788 | €71,202 | -€61,586 | -46.4% |
| Taxes | 450/3 | €4,997 | €4,398 | -€599 | -12.0% |
| Remuneration and social security | 454/9 | €127,791 | €66,804 | -€60,987 | -47.7% |
| Other amounts payable | 47/48 | €370,565 | €363,965 | -€6,599 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €176,000 | +€176,000 | |
| Turnover | 70 | €1,036,493 | €1,296,097 | +€259,603 | +25.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,039,999 | €1,190,442 | +€150,442 | +14.5% |
| Remuneration, social security and pensions | 62 | €730,642 | €705,229 | -€25,413 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,441 | €73,461 | -€2,980 | -3.9% |
| Other operating charges | 640/8 | €4,618 | €5,449 | +€831 | +18.0% |
| Gross operating margin | 9900 | €14,898 | €141,154 | +€126,256 | +847.5% |
| Operating profit (loss) | 9901 | -€796,803 | -€642,985 | +€153,818 | +19.3% |
| Financial income | 75/76B | €43,389 | €54,223 | +€10,834 | +25.0% |
| Recurring financial income | 75 | €43,389 | €54,223 | +€10,834 | +25.0% |
| Financial charges | 65/66B | €115,516 | €110,016 | -€5,500 | -4.8% |
| Recurring financial charges | 65 | €115,516 | €110,016 | -€5,500 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€868,930 | -€698,777 | +€170,153 | +19.6% |
| Income taxes | 67/77 | - | €4,863 | +€4,863 | |
| Profit (loss) for the period | 9904 | -€868,930 | -€703,640 | +€165,289 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€868,930 | -€703,640 | +€165,289 | +19.0% |
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 1 October 2026 via checked.be.