Apsimmo: what changed
What changed
Apsimmo
NACE 68.204, Real estate activities
filed annual accounts (NBB)
Net result for the year
-€60,276
2024 · -€61,525+€1,249
Equity
€997,774
2024 · €1.1m-€60,276
Cash
€15,581
2024 · €27,259-€11,678
Balance sheet total
€1.3m
2024 · €1.4m-€62,768
Largest movements
Assets
- Tangible fixed assets -€80,843
down €80,843 (-6.2%), from €1.3m to €1.2m
of which Land and buildings: -€52,361
- Receivables within one year +€29,407
up €29,407 (+58.9%), from €49,954 to €79,361
of which Trade receivables: +€27,806
Equity and liabilities
- Revaluation surpluses -€94,756
down €94,756 (-10.3%), from €923,936 to €829,180
- Reserves +€94,756
up €94,756 (+19.8%), from €478,177 to €572,932
of which Distributable reserves: +€94,756
- Profit (loss) carried forward -€60,276
down €60,276 (-14.8%), from -€406,036 to -€466,312
- Trade debts +€27,183
up €27,183 (+88.0%), from €30,895 to €58,078
- Debts after one year -€18,360
down €18,360 (-9.0%), from €204,913 to €186,553
Income statement
- Turnover +€44,975
up €44,975 (+53.8%), from €83,566 to €128,541
- Purchases and services +€22,482
up €22,482 (+14.0%), from €160,444 to €182,926
- Gross operating margin +€6,086
up €6,086 (+8.8%), from €68,897 to €74,983
- Depreciation +€5,074
up €5,074 (+4.4%), from €114,080 to €119,154
- Financial charges -€1,927
down €1,927 (-79.2%), from €2,432 to €505
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€61,525
Gross operating margin
+€6,086
Depreciation
-€5,074
Other operating charges
-€1,748
Financial income
+€58
Financial charges
+€1,927
Result 2025
-€60,276
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,793
Investment
-€38,311
Financing
-€18,160
Cash 2024
€27,259
From operations (derived)
+€44,793
Net result for the year
-€60,276
Depreciation
+€119,154
Receivables within one year
-€29,407
Deferred charges and accrued income
-€345
Trade debts
+€27,183
Other debts
-€11,516
Investment (derived)
-€38,311
Investment in fixed assets (net)
-€38,311
Financing
-€18,160
Debts after one year
-€18,360
Current portion of long-term debt
+€200
Cash 2025
€15,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,379,178 | €1,316,410 | -€62,768 | -4.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,301,965 | €1,221,123 | -€80,843 | -6.2% |
| Tangible fixed assets | 22/27 | €1,298,552 | €1,217,710 | -€80,843 | -6.2% |
| Land and buildings | 22 | €932,554 | €880,194 | -€52,361 | -5.6% |
| Plant, machinery and equipment | 23 | €364,436 | €333,675 | -€30,761 | -8.4% |
| Furniture and vehicles | 24 | €1,562 | €3,841 | +€2,279 | +146% |
| Financial fixed assets | 28 | €3,413 | €3,413 | = | 0.0% |
| Current assets | 29/58 | €77,213 | €95,287 | +€18,074 | +23.4% |
| Amounts receivable within one year | 40/41 | €49,954 | €79,361 | +€29,407 | +58.9% |
| Trade receivables | 40 | €34,605 | €62,410 | +€27,806 | +80.4% |
| Other amounts receivable | 41 | €15,349 | €16,951 | +€1,602 | +10.4% |
| Cash at bank and in hand | 54/58 | €27,259 | €15,581 | -€11,678 | -42.8% |
| Deferred charges and accrued income | 490/1 | - | €345 | +€345 | |
| Total equity and liabilities | 10/49 | €1,379,178 | €1,316,410 | -€62,768 | -4.6% |
| Equity | 10/15 | €1,058,050 | €997,774 | -€60,276 | -5.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | - | €61,973 | +€61,973 | |
| Other | 1109/19 | - | €61,973 | +€61,973 | |
| Revaluation surpluses | 12 | €923,936 | €829,180 | -€94,756 | -10.3% |
| Reserves | 13 | €478,177 | €572,932 | +€94,756 | +19.8% |
| Non-distributable reserves | 130/1 | €3,547 | €3,547 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,547 | €3,547 | = | 0.0% |
| Distributable reserves | 133 | €474,630 | €569,386 | +€94,756 | +20.0% |
| Profit (loss) carried forward | 14 | -€406,036 | -€466,312 | -€60,276 | -14.8% |
| Investment grants | 15 | - | €0 | = | |
| Amounts payable | 17/49 | €321,128 | €318,636 | -€2,493 | -0.8% |
| Amounts payable after more than one year | 17 | €204,913 | €186,553 | -€18,360 | -9.0% |
| Other amounts payable | 178/9 | €204,913 | €186,553 | -€18,360 | -9.0% |
| Amounts payable within one year | 42/48 | €116,215 | €132,083 | +€15,867 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €22,225 | €22,425 | +€200 | +0.9% |
| Trade debts | 44 | €30,895 | €58,078 | +€27,183 | +88.0% |
| Suppliers | 440/4 | €30,895 | €58,078 | +€27,183 | +88.0% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €63,096 | €51,580 | -€11,516 | -18.3% |
| Turnover | 70 | €83,566 | €128,541 | +€44,975 | +53.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €160,444 | €182,926 | +€22,482 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,080 | €119,154 | +€5,074 | +4.4% |
| Other operating charges | 640/8 | €14,045 | €15,793 | +€1,748 | +12.4% |
| Gross operating margin | 9900 | €68,897 | €74,983 | +€6,086 | +8.8% |
| Operating profit (loss) | 9901 | -€59,227 | -€59,964 | -€737 | -1.2% |
| Financial income | 75/76B | €135 | €193 | +€58 | +42.9% |
| Recurring financial income | 75 | €135 | €193 | +€58 | +42.9% |
| Financial charges | 65/66B | €2,432 | €505 | -€1,927 | -79.2% |
| Recurring financial charges | 65 | €2,432 | €505 | -€1,927 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | -€61,525 | -€60,276 | +€1,249 | +2.0% |
| Profit (loss) for the period | 9904 | -€61,525 | -€60,276 | +€1,249 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,525 | -€60,276 | +€1,249 | +2.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.