AplusM: 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.
AplusM
Largest movements
- Cash -€127,671
down €127,671 (-83.5%), from €152,816 to €25,145
mainly Contributions, distributions and other (-€204,000) and Tax, wage and social debts (-€7,707)
- Receivables within one year -€8,578
down €8,578 (-36.8%), from €23,331 to €14,753
of which Trade receivables: -€19,577
- Profit (loss) carried forward -€149,620
down €149,620 (-99.6%), from €150,296 to €676
- Other debts +€15,000
new in 2025: €15,000
- Tax, wage and social debts -€7,707
down €7,707 (-27.8%), from €27,774 to €20,067
- Trade debts +€4,889
up €4,889 (+4,527%), from €108 to €4,997
- Gross operating margin -€26,245
down €26,245 (-28.1%), from €93,561 to €67,316
- Taxes -€7,994
down €7,994 (-43.6%), from €18,352 to €10,358
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 | €181,178 | €43,739 | -€137,439 | -75.9% |
| Fixed assets | 21/28 | €1,980 | €1,711 | -€269 | -13.6% |
| Tangible fixed assets | 22/27 | €1,980 | €1,711 | -€269 | -13.6% |
| Plant, machinery and equipment | 23 | €171 | €1,161 | +€990 | +578% |
| Furniture and vehicles | 24 | €1,809 | €549 | -€1,260 | -69.6% |
| Current assets | 29/58 | €179,198 | €42,029 | -€137,170 | -76.5% |
| Amounts receivable within one year | 40/41 | €23,331 | €14,753 | -€8,578 | -36.8% |
| Trade receivables | 40 | €19,577 | - | -€19,577 | |
| Other amounts receivable | 41 | €3,754 | €14,753 | +€10,999 | +293% |
| Cash at bank and in hand | 54/58 | €152,816 | €25,145 | -€127,671 | -83.5% |
| Deferred charges and accrued income | 490/1 | €3,052 | €2,131 | -€921 | -30.2% |
| Total equity and liabilities | 10/49 | €181,178 | €43,739 | -€137,439 | -75.9% |
| Equity | 10/15 | €153,296 | €3,676 | -€149,620 | -97.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,296 | €676 | -€149,620 | -99.6% |
| Amounts payable | 17/49 | €27,882 | €40,064 | +€12,181 | +43.7% |
| Amounts payable within one year | 42/48 | €27,882 | €40,064 | +€12,181 | +43.7% |
| Trade debts | 44 | €108 | €4,997 | +€4,889 | +4,527% |
| Suppliers | 440/4 | €108 | €4,997 | +€4,889 | +4,527% |
| Taxes, remuneration and social security | 45 | €27,774 | €20,067 | -€7,707 | -27.8% |
| Taxes | 450/3 | €27,774 | €20,067 | -€7,707 | -27.8% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €1,531 | +€1 | +0.1% |
| Other operating charges | 640/8 | €219 | €573 | +€354 | +162% |
| Gross operating margin | 9900 | €93,561 | €67,316 | -€26,245 | -28.1% |
| Operating profit (loss) | 9901 | €91,812 | €65,212 | -€26,600 | -29.0% |
| Financial income | 75/76B | €14 | €141 | +€127 | +899% |
| Recurring financial income | 75 | €14 | €141 | +€127 | +899% |
| Financial charges | 65/66B | €868 | €616 | -€252 | -29.0% |
| Recurring financial charges | 65 | €868 | €616 | -€252 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €90,958 | €64,737 | -€26,221 | -28.8% |
| Income taxes | 67/77 | €18,352 | €10,358 | -€7,994 | -43.6% |
| Profit (loss) for the period | 9904 | €72,607 | €54,380 | -€18,227 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,607 | €54,380 | -€18,227 | -25.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.