APILNA: 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.
APILNA
Largest movements
- Cash +€10,060
up €10,060 (+67.5%), from €14,901 to €24,961
mainly Net result for the year (+€30,457) and Depreciation (+€9,983)
- Tangible fixed assets -€6,796
down €6,796 (-9.4%), from €72,419 to €65,622
of which Land and buildings: -€5,439
- Receivables within one year -€6,531
down €6,531 (-10.2%), from €64,031 to €57,500
- Reserves +€19,128
up €19,128 (+20.8%), from €91,846 to €110,974
- Other debts -€12,485
down €12,485 (-61.9%), from €20,164 to €7,679
- Contributions -€6,199
down €6,199 (-100.0%), from €6,200 to €1
- Debts after one year -€5,500
down €5,500 (-23.5%), from €23,375 to €17,874
- Tax, wage and social debts +€2,692
up €2,692 (+49.5%), from €5,441 to €8,133
- Financial charges -€2,427
down €2,427 (-64.1%), from €3,785 to €1,358
- Taxes +€822
up €822 (+5.0%), from €16,603 to €17,425
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 | €157,614 | €154,224 | -€3,391 | -2.2% |
| Fixed assets | 21/28 | €72,419 | €65,622 | -€6,796 | -9.4% |
| Tangible fixed assets | 22/27 | €72,419 | €65,622 | -€6,796 | -9.4% |
| Land and buildings | 22 | €62,540 | €57,101 | -€5,439 | -8.7% |
| Plant, machinery and equipment | 23 | - | €909 | +€909 | |
| Furniture and vehicles | 24 | €5,191 | €4,225 | -€966 | -18.6% |
| Other tangible fixed assets | 26 | €4,687 | €3,387 | -€1,300 | -27.7% |
| Current assets | 29/58 | €85,196 | €88,602 | +€3,406 | +4.0% |
| Stocks and contracts in progress | 3 | €426 | €403 | -€23 | -5.4% |
| Stocks | 30/36 | €426 | €403 | -€23 | -5.4% |
| Amounts receivable within one year | 40/41 | €64,031 | €57,500 | -€6,531 | -10.2% |
| Trade receivables | 40 | €64,031 | €57,500 | -€6,531 | -10.2% |
| Current investments | 50/53 | €5,000 | €4,878 | -€122 | -2.4% |
| Cash at bank and in hand | 54/58 | €14,901 | €24,961 | +€10,060 | +67.5% |
| Deferred charges and accrued income | 490/1 | €838 | €861 | +€23 | +2.7% |
| Total equity and liabilities | 10/49 | €157,614 | €154,224 | -€3,391 | -2.2% |
| Equity | 10/15 | €98,046 | €110,975 | +€12,929 | +13.2% |
| Contributions | 10/11 | €6,200 | €1 | -€6,199 | -100.0% |
| Reserves | 13 | €91,846 | €110,974 | +€19,128 | +20.8% |
| Distributable reserves | 133 | €91,846 | €110,974 | +€19,128 | +20.8% |
| Amounts payable | 17/49 | €59,568 | €43,248 | -€16,320 | -27.4% |
| Amounts payable after more than one year | 17 | €23,375 | €17,874 | -€5,500 | -23.5% |
| Financial debts | 170/4 | €23,375 | €17,874 | -€5,500 | -23.5% |
| Amounts payable within one year | 42/48 | €34,051 | €24,924 | -€9,126 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €5,500 | €5,500 | = | 0.0% |
| Trade debts | 44 | €2,946 | €3,613 | +€666 | +22.6% |
| Suppliers | 440/4 | €2,946 | €3,613 | +€666 | +22.6% |
| Taxes, remuneration and social security | 45 | €5,441 | €8,133 | +€2,692 | +49.5% |
| Taxes | 450/3 | €5,441 | €8,133 | +€2,692 | +49.5% |
| Other amounts payable | 47/48 | €20,164 | €7,679 | -€12,485 | -61.9% |
| Accrued charges and deferred income | 492/3 | €2,143 | €449 | -€1,693 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,559 | €9,983 | -€576 | -5.5% |
| Other operating charges | 640/8 | €483 | €506 | +€22 | +4.6% |
| Gross operating margin | 9900 | €59,847 | €59,541 | -€307 | -0.5% |
| Operating profit (loss) | 9901 | €48,805 | €49,052 | +€246 | +0.5% |
| Financial income | 75/76B | €207 | €188 | -€19 | -9.1% |
| Recurring financial income | 75 | €207 | €188 | -€19 | -9.1% |
| Financial charges | 65/66B | €3,785 | €1,358 | -€2,427 | -64.1% |
| Recurring financial charges | 65 | €3,785 | €1,358 | -€2,427 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €45,227 | €47,882 | +€2,655 | +5.9% |
| Income taxes | 67/77 | €16,603 | €17,425 | +€822 | +5.0% |
| Profit (loss) for the period | 9904 | €28,624 | €30,457 | +€1,833 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,624 | €30,457 | +€1,833 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.