A'POLO: 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.
A'POLO
Largest movements
- Tangible fixed assets -€19,207
down €19,207 (-27.3%), from €70,396 to €51,189
of which Furniture and vehicles: -€18,498
- Receivables within one year -€4,348
down €4,348 (-2.9%), from €150,927 to €146,578
of which Trade receivables: -€5,635
- Debts after one year -€13,469
down €13,469 (-53.6%), from €25,115 to €11,646
- Advances received -€11,250
down €11,250 (-65.6%), from €17,161 to €5,911
- Tax, wage and social debts -€10,740
down €10,740 (-26.1%), from €41,225 to €30,486
of which Taxes: -€10,740
- Trade debts +€5,682
up €5,682 (+7.1%), from €80,223 to €85,904
- Gross operating margin -€9,481
down €9,481 (-27.7%), from €34,239 to €24,758
- Taxes -€1,888
down €1,888 (-29.6%), from €6,370 to €4,482
- Financial charges -€749
down €749 (-25.9%), from €2,887 to €2,138
- Depreciation +€519
up €519 (+2.8%), from €18,688 to €19,207
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 | €374,601 | €349,110 | -€25,490 | -6.8% |
| Fixed assets | 21/28 | €70,396 | €51,189 | -€19,207 | -27.3% |
| Tangible fixed assets | 22/27 | €70,396 | €51,189 | -€19,207 | -27.3% |
| Land and buildings | 22 | €5,271 | €5,271 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,589 | €2,049 | -€540 | -20.9% |
| Furniture and vehicles | 24 | €62,368 | €43,870 | -€18,498 | -29.7% |
| Other tangible fixed assets | 26 | €169 | €0 | -€169 | -100.0% |
| Current assets | 29/58 | €304,205 | €297,921 | -€6,283 | -2.1% |
| Stocks and contracts in progress | 3 | €6,962 | €6,329 | -€634 | -9.1% |
| Stocks | 30/36 | €6,962 | €6,329 | -€634 | -9.1% |
| Amounts receivable within one year | 40/41 | €150,927 | €146,578 | -€4,348 | -2.9% |
| Trade receivables | 40 | €65,983 | €60,348 | -€5,635 | -8.5% |
| Other amounts receivable | 41 | €84,944 | €86,230 | +€1,286 | +1.5% |
| Current investments | 50/53 | €25,002 | €25,002 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,070 | €116,774 | -€2,295 | -1.9% |
| Deferred charges and accrued income | 490/1 | €2,244 | €3,238 | +€994 | +44.3% |
| Total equity and liabilities | 10/49 | €374,601 | €349,110 | -€25,490 | -6.8% |
| Equity | 10/15 | €175,628 | €176,450 | +€822 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,028 | €157,850 | +€822 | +0.5% |
| Distributable reserves | 133 | €157,028 | €157,850 | +€822 | +0.5% |
| Amounts payable | 17/49 | €198,973 | €172,660 | -€26,313 | -13.2% |
| Amounts payable after more than one year | 17 | €25,115 | €11,646 | -€13,469 | -53.6% |
| Financial debts | 170/4 | €25,115 | €11,646 | -€13,469 | -53.6% |
| Amounts payable within one year | 42/48 | €172,442 | €159,598 | -€12,843 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €12,937 | €13,469 | +€532 | +4.1% |
| Trade debts | 44 | €80,223 | €85,904 | +€5,682 | +7.1% |
| Suppliers | 440/4 | €80,223 | €85,904 | +€5,682 | +7.1% |
| Advances received on contracts in progress | 46 | €17,161 | €5,911 | -€11,250 | -65.6% |
| Taxes, remuneration and social security | 45 | €41,225 | €30,486 | -€10,740 | -26.1% |
| Taxes | 450/3 | €41,225 | €30,486 | -€10,740 | -26.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,896 | €23,828 | +€2,932 | +14.0% |
| Accrued charges and deferred income | 492/3 | €1,416 | €1,416 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,688 | €19,207 | +€519 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,379 | -€1,422 | -€43 | -3.1% |
| Other operating charges | 640/8 | €4,049 | €3,899 | -€150 | -3.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €34,239 | €24,758 | -€9,481 | -27.7% |
| Operating profit (loss) | 9901 | €12,881 | €3,074 | -€9,807 | -76.1% |
| Financial income | 75/76B | €4,120 | €4,369 | +€249 | +6.0% |
| Recurring financial income | 75 | €4,120 | €4,369 | +€249 | +6.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,887 | €2,138 | -€749 | -25.9% |
| Recurring financial charges | 65 | €2,887 | €2,138 | -€749 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €14,114 | €5,304 | -€8,809 | -62.4% |
| Income taxes | 67/77 | €6,370 | €4,482 | -€1,888 | -29.6% |
| Profit (loss) for the period | 9904 | €7,744 | €822 | -€6,922 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,744 | €822 | -€6,922 | -89.4% |
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 5 October 2026 via checked.be.