A.PUUR.A.: 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.
A.PUUR.A.
Largest movements
- Stocks and contracts +€97,706
up €97,706 (+175%), from €55,795 to €153,501
- Receivables within one year +€51,537
up €51,537 (+2,001%), from €2,575 to €54,112
of which Trade receivables: +€44,129
- Tangible fixed assets -€3,646
down €3,646 (-5.6%), from €65,600 to €61,954
of which Land and buildings: -€3,614
- Trade debts +€130,223
up €130,223 (+214%), from €60,960 to €191,184
- Profit (loss) carried forward +€70,600
up €70,600 (+31.6%), from -€223,127 to -€152,527
- Other debts -€42,850
down €42,850 (-68.3%), from €62,732 to €19,882
- Debts after one year -€11,626
down €11,626 (-7.3%), from €159,423 to €147,797
- Short-term financial debts -€9,676
down €9,676 (-48.5%), from €19,949 to €10,273
- Gross operating margin +€79,654
up €79,654 (+1,215%), from €6,555 to €86,209
- Depreciation -€3,340
down €3,340 (-47.8%), from €6,986 to €3,646
- Financial charges +€934
up €934 (+12.3%), from €7,588 to €8,521
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 | €124,620 | €270,248 | +€145,628 | +117% |
| Fixed assets | 21/28 | €65,600 | €61,954 | -€3,646 | -5.6% |
| Tangible fixed assets | 22/27 | €65,600 | €61,954 | -€3,646 | -5.6% |
| Land and buildings | 22 | €65,568 | €61,954 | -€3,614 | -5.5% |
| Furniture and vehicles | 24 | €32 | €0 | -€32 | -100% |
| Current assets | 29/58 | €59,020 | €208,294 | +€149,274 | +253% |
| Stocks and contracts in progress | 3 | €55,795 | €153,501 | +€97,706 | +175% |
| Stocks | 30/36 | €55,795 | €153,501 | +€97,706 | +175% |
| Amounts receivable within one year | 40/41 | €2,575 | €54,112 | +€51,537 | +2,001% |
| Trade receivables | 40 | €2,574 | €46,702 | +€44,129 | +1,715% |
| Other amounts receivable | 41 | €1 | €7,409 | +€7,408 | +532,939% |
| Cash at bank and in hand | 54/58 | €144 | €86 | -€58 | -40.4% |
| Deferred charges and accrued income | 490/1 | €506 | €596 | +€89 | +17.7% |
| Total equity and liabilities | 10/49 | €124,620 | €270,248 | +€145,628 | +117% |
| Equity | 10/15 | -€202,640 | -€132,040 | +€70,600 | +34.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,487 | €1,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,487 | €0 | -€1,487 | -100% |
| Reserves not available under the articles | 1311 | €1,487 | €0 | -€1,487 | -100% |
| Distributable reserves | 133 | - | €1,487 | +€1,487 | |
| Profit (loss) carried forward | 14 | -€223,127 | -€152,527 | +€70,600 | +31.6% |
| Amounts payable | 17/49 | €327,259 | €402,288 | +€75,028 | +22.9% |
| Amounts payable after more than one year | 17 | €159,423 | €147,797 | -€11,626 | -7.3% |
| Financial debts | 170/4 | €159,423 | €147,797 | -€11,626 | -7.3% |
| Amounts payable within one year | 42/48 | €167,837 | €254,491 | +€86,654 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €13,652 | €14,251 | +€599 | +4.4% |
| Financial debts | 43 | €19,949 | €10,273 | -€9,676 | -48.5% |
| Credit institutions | 430/8 | €19,949 | €10,273 | -€9,676 | -48.5% |
| Trade debts | 44 | €60,960 | €191,184 | +€130,223 | +214% |
| Suppliers | 440/4 | €60,960 | €191,184 | +€130,223 | +214% |
| Taxes, remuneration and social security | 45 | €10,543 | €18,901 | +€8,358 | +79.3% |
| Taxes | 450/3 | €10,543 | €18,901 | +€8,358 | +79.3% |
| Other amounts payable | 47/48 | €62,732 | €19,882 | -€42,850 | -68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,986 | €3,646 | -€3,340 | -47.8% |
| Other operating charges | 640/8 | €3,200 | €3,443 | +€242 | +7.6% |
| Gross operating margin | 9900 | €6,555 | €86,209 | +€79,654 | +1,215% |
| Operating profit (loss) | 9901 | -€3,631 | €79,121 | +€82,752 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,588 | €8,521 | +€934 | +12.3% |
| Recurring financial charges | 65 | €7,588 | €8,521 | +€934 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,219 | €70,600 | +€81,818 | |
| Profit (loss) for the period | 9904 | -€11,219 | €70,600 | +€81,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,219 | €70,600 | +€81,818 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.