L'APOSTROPHE: 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.
L'APOSTROPHE
Largest movements
- Cash -€8,093
down €8,093 (-75.8%), from €10,670 to €2,577
mainly Net result for the year (-€11,294) and Deferred charges and accrued income (-€4,062)
- Deferred charges and accrued income +€4,062
up €4,062 (+633%), from €642 to €4,703
- Tangible fixed assets -€1,332
down €1,332 (-78.6%), from €1,694 to €362
of which Furniture and vehicles: -€1,072
- Receivables within one year +€945
up €945 (+30.1%), from €3,141 to €4,087
of which Trade receivables: +€2,551
- Profit (loss) carried forward -€11,294
down €11,294 (-8.6%), from -€132,042 to -€143,337
- Trade debts +€7,876
up €7,876 (+55.3%), from €14,233 to €22,108
- Gross operating margin -€10,855
down €10,855, from €2,838 to -€8,017
- Depreciation -€2,855
down €2,855 (-68.2%), from €4,186 to €1,332
- Other operating charges -€727
down €727 (-69.5%), from €1,045 to €318
- Financial charges -€213
down €213 (-16.5%), from €1,288 to €1,075
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 | €86,330 | €82,290 | -€4,040 | -4.7% |
| Fixed assets | 21/28 | €1,694 | €362 | -€1,332 | -78.6% |
| Tangible fixed assets | 22/27 | €1,694 | €362 | -€1,332 | -78.6% |
| Plant, machinery and equipment | 23 | €259 | - | -€259 | |
| Furniture and vehicles | 24 | €1,434 | €362 | -€1,072 | -74.8% |
| Current assets | 29/58 | €84,636 | €81,928 | -€2,708 | -3.2% |
| Stocks and contracts in progress | 3 | €70,183 | €70,561 | +€378 | +0.5% |
| Stocks | 30/36 | €70,183 | €70,561 | +€378 | +0.5% |
| Amounts receivable within one year | 40/41 | €3,141 | €4,087 | +€945 | +30.1% |
| Trade receivables | 40 | €1,535 | €4,087 | +€2,551 | +166% |
| Other amounts receivable | 41 | €1,606 | - | -€1,606 | |
| Cash at bank and in hand | 54/58 | €10,670 | €2,577 | -€8,093 | -75.8% |
| Deferred charges and accrued income | 490/1 | €642 | €4,703 | +€4,062 | +633% |
| Total equity and liabilities | 10/49 | €86,330 | €82,290 | -€4,040 | -4.7% |
| Equity | 10/15 | -€50,548 | -€61,842 | -€11,294 | -22.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €62,494 | €62,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,055 | €13,055 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,055 | €13,055 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,439 | €12,439 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,042 | -€143,337 | -€11,294 | -8.6% |
| Amounts payable | 17/49 | €136,878 | €144,132 | +€7,254 | +5.3% |
| Amounts payable after more than one year | 17 | €121,220 | €120,734 | -€486 | -0.4% |
| Other amounts payable | 178/9 | €121,220 | €120,734 | -€486 | -0.4% |
| Amounts payable within one year | 42/48 | €15,658 | €23,397 | +€7,739 | +49.4% |
| Trade debts | 44 | €14,233 | €22,108 | +€7,876 | +55.3% |
| Suppliers | 440/4 | €14,233 | €22,108 | +€7,876 | +55.3% |
| Taxes, remuneration and social security | 45 | €1,425 | €799 | -€626 | -43.9% |
| Taxes | 450/3 | €1,425 | €799 | -€626 | -43.9% |
| Other amounts payable | 47/48 | - | €490 | +€490 | |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €536 | €552 | +€16 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,186 | €1,332 | -€2,855 | -68.2% |
| Other operating charges | 640/8 | €1,045 | €318 | -€727 | -69.5% |
| Gross operating margin | 9900 | €2,838 | -€8,017 | -€10,855 | |
| Operating profit (loss) | 9901 | -€2,930 | -€10,219 | -€7,289 | -249% |
| Financial charges | 65/66B | €1,288 | €1,075 | -€213 | -16.5% |
| Recurring financial charges | 65 | €1,288 | €1,075 | -€213 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,217 | -€11,294 | -€7,077 | -168% |
| Profit (loss) for the period | 9904 | -€4,217 | -€11,294 | -€7,077 | -168% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,217 | -€11,294 | -€7,077 | -168% |
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 17 October 2026 via checked.be.