APL CONSTRUCT: 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.
APL CONSTRUCT
Largest movements
- Receivables within one year -€21,166
down €21,166 (-23.8%), from €88,949 to €67,783
of which Trade receivables: -€22,309
- Tangible fixed assets -€11,415
no longer reported in 2025 (was €11,415)
- Cash +€2,826
up €2,826 (+151%), from €1,867 to €4,693
mainly Receivables within one year (+€21,166) and Investment in fixed assets (net) (+€11,415)
- Trade debts -€38,935
down €38,935 (-91.9%), from €42,353 to €3,418
- Profit (loss) carried forward +€9,481
up €9,481 (+19.2%), from €49,306 to €58,787
- Gross operating margin -€22,393
down €22,393 (-53.2%), from €42,084 to €19,690
- Depreciation -€6,849
no longer reported in 2025 (was €6,849)
- Staff costs -€2,842
down €2,842 (-67.4%), from €4,218 to €1,376
- Taxes +€784
up €784 (+28.5%), from €2,750 to €3,534
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 | €104,231 | €74,476 | -€29,755 | -28.5% |
| Fixed assets | 21/28 | €13,415 | €2,000 | -€11,415 | -85.1% |
| Tangible fixed assets | 22/27 | €11,415 | - | -€11,415 | |
| Furniture and vehicles | 24 | €11,415 | - | -€11,415 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €90,816 | €72,476 | -€18,340 | -20.2% |
| Amounts receivable within one year | 40/41 | €88,949 | €67,783 | -€21,166 | -23.8% |
| Trade receivables | 40 | €42,586 | €20,277 | -€22,309 | -52.4% |
| Other amounts receivable | 41 | €46,363 | €47,506 | +€1,143 | +2.5% |
| Cash at bank and in hand | 54/58 | €1,867 | €4,693 | +€2,826 | +151% |
| Total equity and liabilities | 10/49 | €104,231 | €74,476 | -€29,755 | -28.5% |
| Equity | 10/15 | €57,366 | €66,847 | +€9,481 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,306 | €58,787 | +€9,481 | +19.2% |
| Amounts payable | 17/49 | €46,865 | €7,629 | -€39,236 | -83.7% |
| Amounts payable within one year | 42/48 | €46,865 | €7,629 | -€39,236 | -83.7% |
| Trade debts | 44 | €42,353 | €3,418 | -€38,935 | -91.9% |
| Suppliers | 440/4 | €42,353 | €3,418 | -€38,935 | -91.9% |
| Taxes, remuneration and social security | 45 | €4,512 | €4,211 | -€301 | -6.7% |
| Taxes | 450/3 | €4,466 | €3,856 | -€610 | -13.7% |
| Remuneration and social security | 454/9 | €46 | €355 | +€309 | +670% |
| Remuneration, social security and pensions | 62 | €4,218 | €1,376 | -€2,842 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,849 | - | -€6,849 | |
| Other operating charges | 640/8 | €5,289 | €4,997 | -€292 | -5.5% |
| Gross operating margin | 9900 | €42,084 | €19,690 | -€22,393 | -53.2% |
| Operating profit (loss) | 9901 | €25,728 | €13,317 | -€12,410 | -48.2% |
| Financial charges | 65/66B | €511 | €303 | -€208 | -40.7% |
| Recurring financial charges | 65 | €511 | €303 | -€208 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €25,217 | €13,015 | -€12,202 | -48.4% |
| Income taxes | 67/77 | €2,750 | €3,534 | +€784 | +28.5% |
| Profit (loss) for the period | 9904 | €22,467 | €9,481 | -€12,986 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,467 | €9,481 | -€12,986 | -57.8% |
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 18 October 2026 via checked.be.