BE APERO: 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.
BE APERO
Largest movements
- Receivables within one year +€10,022
up €10,022 (+50.2%), from €19,967 to €29,988
of which Trade receivables: +€10,223
- Cash +€8,363
up €8,363 (+61.2%), from €13,665 to €22,027
mainly Net result for the year (+€14,381) and Depreciation (+€14,238)
- Stocks and contracts +€6,959
up €6,959 (+51.0%), from €13,640 to €20,599
- Tangible fixed assets +€4,593
up €4,593 (+10.8%), from €42,555 to €47,148
of which Plant, machinery and equipment: +€10,308
- Profit (loss) carried forward +€14,381
up €14,381 (+1661.4%), from €866 to €15,246
- Other debts +€6,440
up €6,440 (+14.5%), from €44,269 to €50,709
- Tax, wage and social debts +€4,969
up €4,969 (+134.6%), from €3,692 to €8,660
- Current portion of long-term debt +€4,811
up €4,811 (+64.1%), from €7,511 to €12,322
- Gross operating margin +€23,171
up €23,171 (+145.1%), from €15,967 to €39,138
- Taxes +€3,657
up €3,657 (+356.0%), from €1,027 to €4,685
- Other operating charges +€2,604
up €2,604 (+653.2%), from €399 to €3,002
- Depreciation +€1,000
up €1,000 (+7.6%), from €13,238 to €14,238
- Financial charges +€400
up €400 (+18.9%), from €2,111 to €2,511
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 | €94,779 | €123,652 | +€28,873 | +30.5% |
| Fixed assets | 21/28 | €44,912 | €48,893 | +€3,981 | +8.9% |
| Intangible fixed assets | 21 | €2,357 | €1,745 | -€612 | -26.0% |
| Tangible fixed assets | 22/27 | €42,555 | €47,148 | +€4,593 | +10.8% |
| Plant, machinery and equipment | 23 | €16,855 | €27,163 | +€10,308 | +61.2% |
| Furniture and vehicles | 24 | €20,125 | €15,089 | -€5,036 | -25.0% |
| Other tangible fixed assets | 26 | €5,575 | €4,895 | -€680 | -12.2% |
| Current assets | 29/58 | €49,867 | €74,758 | +€24,892 | +49.9% |
| Stocks and contracts in progress | 3 | €13,640 | €20,599 | +€6,959 | +51.0% |
| Stocks | 30/36 | €13,640 | €20,599 | +€6,959 | +51.0% |
| Amounts receivable within one year | 40/41 | €19,967 | €29,988 | +€10,022 | +50.2% |
| Trade receivables | 40 | €19,731 | €29,954 | +€10,223 | +51.8% |
| Other amounts receivable | 41 | €236 | €34 | -€202 | -85.5% |
| Cash at bank and in hand | 54/58 | €13,665 | €22,027 | +€8,363 | +61.2% |
| Deferred charges and accrued income | 490/1 | €2,595 | €2,143 | -€452 | -17.4% |
| Total equity and liabilities | 10/49 | €94,779 | €123,652 | +€28,873 | +30.5% |
| Equity | 10/15 | €2,866 | €17,246 | +€14,381 | +501.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €866 | €15,246 | +€14,381 | +1661.4% |
| Amounts payable | 17/49 | €91,913 | €106,405 | +€14,492 | +15.8% |
| Amounts payable after more than one year | 17 | €25,672 | €24,925 | -€747 | -2.9% |
| Financial debts | 170/4 | €25,672 | €24,925 | -€747 | -2.9% |
| Amounts payable within one year | 42/48 | €66,241 | €81,480 | +€15,239 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €7,511 | €12,322 | +€4,811 | +64.1% |
| Trade debts | 44 | €10,769 | €9,788 | -€981 | -9.1% |
| Suppliers | 440/4 | €10,769 | €9,788 | -€981 | -9.1% |
| Taxes, remuneration and social security | 45 | €3,692 | €8,660 | +€4,969 | +134.6% |
| Taxes | 450/3 | €3,692 | €8,660 | +€4,969 | +134.6% |
| Other amounts payable | 47/48 | €44,269 | €50,709 | +€6,440 | +14.5% |
| Remuneration, social security and pensions | 62 | - | €147 | +€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,238 | €14,238 | +€1,000 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €323 | +€323 | |
| Other operating charges | 640/8 | €399 | €3,002 | +€2,604 | +653.2% |
| Gross operating margin | 9900 | €15,967 | €39,138 | +€23,171 | +145.1% |
| Operating profit (loss) | 9901 | €2,330 | €21,428 | +€19,098 | +819.6% |
| Financial income | 75/76B | €33 | €148 | +€114 | +343.9% |
| Recurring financial income | 75 | €33 | €148 | +€114 | +343.9% |
| Financial charges | 65/66B | €2,111 | €2,511 | +€400 | +18.9% |
| Recurring financial charges | 65 | €2,111 | €2,511 | +€400 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €253 | €19,065 | +€18,812 | +7445.8% |
| Income taxes | 67/77 | €1,027 | €4,685 | +€3,657 | +356.0% |
| Profit (loss) for the period | 9904 | -€775 | €14,381 | +€15,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€775 | €14,381 | +€15,155 |
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 3 October 2026 via checked.be.