APLI: what changed
What changed
APLI
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€45,075
2024 · €79,445-€34,370
Equity
€218,594
2024 · €173,520+€45,075
Cash
€93,850
2024 · €134,170-€40,320
Balance sheet total
€497,942
2024 · €542,139-€44,196
Largest movements
Assets
- Cash -€40,320
down €40,320 (-30.1%), from €134,170 to €93,850
mainly Current portion of long-term debt (-€49,558) and Debts after one year (-€22,139)
- Tangible fixed assets -€27,110
down €27,110 (-24.9%), from €109,064 to €81,953
of which Other tangible fixed assets: -€24,155
- Stocks and contracts +€16,604
up €16,604 (+12.0%), from €138,887 to €155,491
Equity and liabilities
- Current portion of long-term debt -€49,558
down €49,558 (-69.1%), from €71,697 to €22,139
- Reserves +€45,075
up €45,075 (+29.1%), from €154,920 to €199,994
- Debts after one year -€22,139
down €22,139 (-12.0%), from €184,869 to €162,730
- Trade debts -€15,404
down €15,404 (-17.1%), from €90,113 to €74,709
Income statement
- Gross operating margin -€44,635
down €44,635 (-20.5%), from €217,534 to €172,900
- Taxes -€15,181
down €15,181 (-41.4%), from €36,686 to €21,505
- Staff costs +€9,959
up €9,959 (+16.5%), from €60,209 to €70,168
- Financial charges -€3,878
down €3,878 (-33.1%), from €11,711 to €7,833
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
€79,445
Gross operating margin
-€44,635
Staff costs
-€9,959
Depreciation
+€486
Write-downs
-€112
Other operating charges
-€14
Financial income
+€805
Financial charges
+€3,878
Taxes
+€15,181
Result 2025
€45,075
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
+€37,485
Investment
-€6,108
Financing
-€71,697
Cash 2024
€134,170
From operations (derived)
+€37,485
Net result for the year
+€45,075
Depreciation
+€28,218
Stocks and contracts
-€16,604
Receivables within one year
-€3,476
Deferred charges and accrued income
+€1,847
Trade debts
-€15,404
Tax, wage and social debts
-€1,209
Accrued charges and deferred income
-€962
Investment (derived)
-€6,108
Investment in fixed assets (net)
-€6,108
Financing
-€71,697
Debts after one year
-€22,139
Current portion of long-term debt
-€49,558
Cash 2025
€93,850
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,139 | €497,942 | -€44,196 | -8.2% |
| Fixed assets | 21/28 | €117,354 | €95,243 | -€22,110 | -18.8% |
| Tangible fixed assets | 22/27 | €109,064 | €81,953 | -€27,110 | -24.9% |
| Plant, machinery and equipment | 23 | €1,150 | €632 | -€518 | -45.1% |
| Furniture and vehicles | 24 | €5,712 | €3,276 | -€2,436 | -42.7% |
| Other tangible fixed assets | 26 | €102,201 | €78,046 | -€24,155 | -23.6% |
| Financial fixed assets | 28 | €8,290 | €13,290 | +€5,000 | +60.3% |
| Current assets | 29/58 | €424,785 | €402,699 | -€22,086 | -5.2% |
| Stocks and contracts in progress | 3 | €138,887 | €155,491 | +€16,604 | +12.0% |
| Stocks | 30/36 | €138,887 | €155,491 | +€16,604 | +12.0% |
| Amounts receivable within one year | 40/41 | €147,993 | €151,469 | +€3,476 | +2.3% |
| Trade receivables | 40 | €133,628 | €133,221 | -€407 | -0.3% |
| Other amounts receivable | 41 | €14,365 | €18,248 | +€3,883 | +27.0% |
| Cash at bank and in hand | 54/58 | €134,170 | €93,850 | -€40,320 | -30.1% |
| Deferred charges and accrued income | 490/1 | €3,735 | €1,888 | -€1,847 | -49.4% |
| Total equity and liabilities | 10/49 | €542,139 | €497,942 | -€44,196 | -8.2% |
| Equity | 10/15 | €173,520 | €218,594 | +€45,075 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,920 | €199,994 | +€45,075 | +29.1% |
| Distributable reserves | 133 | €154,920 | €199,994 | +€45,075 | +29.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €368,619 | €279,348 | -€89,271 | -24.2% |
| Amounts payable after more than one year | 17 | €184,869 | €162,730 | -€22,139 | -12.0% |
| Financial debts | 170/4 | €184,869 | €162,730 | -€22,139 | -12.0% |
| Amounts payable within one year | 42/48 | €182,788 | €116,618 | -€66,170 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €71,697 | €22,139 | -€49,558 | -69.1% |
| Trade debts | 44 | €90,113 | €74,709 | -€15,404 | -17.1% |
| Suppliers | 440/4 | €90,113 | €74,709 | -€15,404 | -17.1% |
| Taxes, remuneration and social security | 45 | €20,978 | €19,770 | -€1,209 | -5.8% |
| Taxes | 450/3 | €14,156 | €11,770 | -€2,386 | -16.9% |
| Remuneration and social security | 454/9 | €6,822 | €8,000 | +€1,177 | +17.3% |
| Accrued charges and deferred income | 492/3 | €962 | €0 | -€962 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €60,209 | €70,168 | +€9,959 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,704 | €28,218 | -€486 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €112 | +€112 | |
| Other operating charges | 640/8 | €780 | €795 | +€14 | +1.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €217,534 | €172,900 | -€44,635 | -20.5% |
| Operating profit (loss) | 9901 | €127,841 | €73,607 | -€54,234 | -42.4% |
| Financial income | 75/76B | €0 | €805 | +€805 | |
| Recurring financial income | 75 | €0 | €805 | +€805 | |
| Financial charges | 65/66B | €11,711 | €7,833 | -€3,878 | -33.1% |
| Recurring financial charges | 65 | €11,711 | €7,833 | -€3,878 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €116,131 | €66,580 | -€49,551 | -42.7% |
| Income taxes | 67/77 | €36,686 | €21,505 | -€15,181 | -41.4% |
| Profit (loss) for the period | 9904 | €79,445 | €45,075 | -€34,370 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,445 | €45,075 | -€34,370 | -43.3% |
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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 7 November 2026 via checked.be.