CO-APTO: 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.
CO-APTO
Largest movements
- Receivables within one year +€2,378
up €2,378 (+104%), from €2,287 to €4,665
of which Other amounts receivable: +€2,859
- Stocks and contracts -€1,397
down €1,397 (-28.4%), from €4,927 to €3,530
- Cash -€769
down €769 (-71.0%), from €1,084 to €315
mainly Receivables within one year (-€2,378) and Tax, wage and social debts (-€511)
- Tangible fixed assets -€434
no longer reported in 2025 (was €434)
- Financial fixed assets +€126
new in 2025: €126
- Tax, wage and social debts -€511
down €511 (-46.1%), from €1,109 to €598
- Trade debts +€402
up €402 (+133%), from €301 to €703
- Accrued charges and deferred income +€141
up €141 (+64.8%), from €217 to €358
- Gross operating margin +€5,504
up €5,504, from -€4,525 to €979
- Depreciation -€270
down €270 (-38.3%), from €704 to €434
- Other operating charges +€109
up €109 (+20.3%), from €536 to €645
- Financial income +€63
up €63 (+51.5%), from €122 to €185
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 | €8,732 | €8,763 | +€31 | +0.4% |
| Fixed assets | 21/28 | €434 | €126 | -€308 | -70.9% |
| Tangible fixed assets | 22/27 | €434 | - | -€434 | |
| Plant, machinery and equipment | 23 | €434 | - | -€434 | |
| Financial fixed assets | 28 | - | €126 | +€126 | |
| Current assets | 29/58 | €8,298 | €8,636 | +€338 | +4.1% |
| Stocks and contracts in progress | 3 | €4,927 | €3,530 | -€1,397 | -28.4% |
| Stocks | 30/36 | €4,927 | €3,530 | -€1,397 | -28.4% |
| Amounts receivable within one year | 40/41 | €2,287 | €4,665 | +€2,378 | +104% |
| Trade receivables | 40 | €514 | €34 | -€480 | -93.4% |
| Other amounts receivable | 41 | €1,773 | €4,632 | +€2,859 | +161% |
| Cash at bank and in hand | 54/58 | €1,084 | €315 | -€769 | -71.0% |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €8,732 | €8,763 | +€31 | +0.4% |
| Equity | 10/15 | €7,105 | €7,105 | -€0 | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€13,346 | -€13,347 | -€1 | 0.0% |
| Amounts payable | 17/49 | €1,627 | €1,658 | +€31 | +1.9% |
| Amounts payable within one year | 42/48 | €1,410 | €1,301 | -€109 | -7.7% |
| Trade debts | 44 | €301 | €703 | +€402 | +133% |
| Suppliers | 440/4 | €301 | €703 | +€402 | +133% |
| Taxes, remuneration and social security | 45 | €1,109 | €598 | -€511 | -46.1% |
| Taxes | 450/3 | €1,109 | €598 | -€511 | -46.1% |
| Accrued charges and deferred income | 492/3 | €217 | €358 | +€141 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €704 | €434 | -€270 | -38.3% |
| Other operating charges | 640/8 | €536 | €645 | +€109 | +20.3% |
| Gross operating margin | 9900 | -€4,525 | €979 | +€5,504 | |
| Operating profit (loss) | 9901 | -€5,765 | -€101 | +€5,664 | +98.3% |
| Financial income | 75/76B | €122 | €185 | +€63 | +51.5% |
| Recurring financial income | 75 | €122 | €185 | +€63 | +51.5% |
| Financial charges | 65/66B | €67 | €81 | +€14 | +21.1% |
| Recurring financial charges | 65 | €67 | €81 | +€14 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,710 | €3 | +€5,713 | |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€5,710 | -€0 | +€5,710 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,710 | -€0 | +€5,710 | +100.0% |
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.