APLUS STUDIO: 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.
APLUS STUDIO
Largest movements
- Tangible fixed assets -€14,554
down €14,554 (-28.8%), from €50,618 to €36,065
of which Furniture and vehicles: -€8,820
- Receivables within one year -€4,780
down €4,780 (-22.1%), from €21,663 to €16,883
of which Trade receivables: -€4,803
- Stocks and contracts -€3,556
down €3,556 (-18.8%), from €18,945 to €15,388
- Cash -€1,000
down €1,000 (-70.9%), from €1,410 to €410
mainly Net result for the year (-€29,738) and Current portion of long-term debt (-€6,519)
- Profit (loss) carried forward -€29,738
down €29,738 (-466.1%), from -€6,381 to -€36,119
- Short-term financial debts +€12,878
up €12,878 (+50.0%), from €25,745 to €38,623
- Advances received +€9,401
up €9,401 (+2350.3%), from €400 to €9,801
- Current portion of long-term debt -€6,519
down €6,519 (-76.2%), from €8,555 to €2,036
- Trade debts -€4,545
down €4,545 (-42.6%), from €10,658 to €6,113
- Gross operating margin -€42,615
down €42,615, from €35,050 to -€7,565
- Write-downs -€2,883
down €2,883, from €786 to -€2,096
- Depreciation +€1,257
up €1,257 (+8.1%), from €15,444 to €16,701
- Financial charges +€1,144
up €1,144 (+25.2%), from €4,544 to €5,688
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 | €93,021 | €69,347 | -€23,674 | -25.5% |
| Fixed assets | 21/28 | €50,833 | €36,280 | -€14,554 | -28.6% |
| Tangible fixed assets | 22/27 | €50,618 | €36,065 | -€14,554 | -28.8% |
| Plant, machinery and equipment | 23 | €7,807 | €5,716 | -€2,091 | -26.8% |
| Furniture and vehicles | 24 | €9,883 | €1,063 | -€8,820 | -89.2% |
| Other tangible fixed assets | 26 | €32,928 | €29,285 | -€3,643 | -11.1% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €42,188 | €33,067 | -€9,120 | -21.6% |
| Stocks and contracts in progress | 3 | €18,945 | €15,388 | -€3,556 | -18.8% |
| Stocks | 30/36 | €18,945 | €15,388 | -€3,556 | -18.8% |
| Amounts receivable within one year | 40/41 | €21,663 | €16,883 | -€4,780 | -22.1% |
| Trade receivables | 40 | €21,650 | €16,847 | -€4,803 | -22.2% |
| Other amounts receivable | 41 | €13 | €36 | +€23 | +176.1% |
| Cash at bank and in hand | 54/58 | €1,410 | €410 | -€1,000 | -70.9% |
| Deferred charges and accrued income | 490/1 | €170 | €386 | +€216 | +126.8% |
| Total equity and liabilities | 10/49 | €93,021 | €69,347 | -€23,674 | -25.5% |
| Equity | 10/15 | €14,079 | -€15,659 | -€29,738 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,381 | -€36,119 | -€29,738 | -466.1% |
| Amounts payable | 17/49 | €78,941 | €85,006 | +€6,064 | +7.7% |
| Amounts payable after more than one year | 17 | €2,036 | €0 | -€2,036 | -100.0% |
| Financial debts | 170/4 | €2,036 | €0 | -€2,036 | -100.0% |
| Amounts payable within one year | 42/48 | €76,298 | €84,006 | +€7,708 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €8,555 | €2,036 | -€6,519 | -76.2% |
| Financial debts | 43 | €25,745 | €38,623 | +€12,878 | +50.0% |
| Credit institutions | 430/8 | €25,745 | €38,623 | +€12,878 | +50.0% |
| Trade debts | 44 | €10,658 | €6,113 | -€4,545 | -42.6% |
| Suppliers | 440/4 | €10,658 | €6,113 | -€4,545 | -42.6% |
| Advances received on contracts in progress | 46 | €400 | €9,801 | +€9,401 | +2350.3% |
| Taxes, remuneration and social security | 45 | €7,111 | €2,731 | -€4,379 | -61.6% |
| Taxes | 450/3 | €7,111 | €2,731 | -€4,379 | -61.6% |
| Other amounts payable | 47/48 | €23,828 | €24,701 | +€873 | +3.7% |
| Accrued charges and deferred income | 492/3 | €608 | €1,000 | +€392 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,444 | €16,701 | +€1,257 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €786 | -€2,096 | -€2,883 | |
| Other operating charges | 640/8 | €1,675 | €1,785 | +€110 | +6.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,050 | -€7,565 | -€42,615 | |
| Operating profit (loss) | 9901 | €17,145 | -€23,954 | -€41,099 | |
| Financial income | 75/76B | €140 | €436 | +€296 | +212.0% |
| Recurring financial income | 75 | €140 | €436 | +€296 | +212.0% |
| Financial charges | 65/66B | €4,544 | €5,688 | +€1,144 | +25.2% |
| Recurring financial charges | 65 | €4,544 | €5,688 | +€1,144 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €12,740 | -€29,206 | -€41,946 | |
| Income taxes | 67/77 | €715 | €532 | -€182 | -25.5% |
| Profit (loss) for the period | 9904 | €12,025 | -€29,738 | -€41,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,025 | -€29,738 | -€41,764 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.