APSI CONSULTING: 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.
APSI CONSULTING
Largest movements
- Tangible fixed assets -€11,682
down €11,682 (-26.2%), from €44,530 to €32,848
of which Furniture and vehicles: -€11,282
- Cash -€7,148
down €7,148 (-85.0%), from €8,407 to €1,259
mainly Tax, wage and social debts (-€13,597) and Debts after one year (-€8,808)
- Intangible fixed assets -€3,500
down €3,500 (-11.2%), from €31,213 to €27,713
- Receivables within one year -€1,467
down €1,467 (-5.8%), from €25,102 to €23,635
of which Trade receivables: -€1,902
- Tax, wage and social debts -€13,597
down €13,597 (-49.9%), from €27,246 to €13,649
of which Taxes: -€11,597
- Debts after one year -€8,808
down €8,808 (-25.3%), from €34,876 to €26,068
- Other debts -€7,843
down €7,843 (-91.1%), from €8,610 to €767
- Reserves +€6,537
up €6,537 (+29.7%), from €21,997 to €28,534
- Gross operating margin -€14,566
down €14,566 (-33.9%), from €42,914 to €28,348
- Depreciation +€6,173
up €6,173 (+62.5%), from €9,881 to €16,054
- Taxes -€4,094
down €4,094 (-56.5%), from €7,243 to €3,149
- Other operating charges -€2,247
down €2,247 (-72.1%), from €3,118 to €871
- Financial charges +€1,009
up €1,009 (+149.5%), from €675 to €1,684
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 | €110,053 | €85,875 | -€24,178 | -22.0% |
| Formation expenses | 20 | €435 | - | -€435 | |
| Fixed assets | 21/28 | €75,743 | €60,561 | -€15,182 | -20.0% |
| Intangible fixed assets | 21 | €31,213 | €27,713 | -€3,500 | -11.2% |
| Tangible fixed assets | 22/27 | €44,530 | €32,848 | -€11,682 | -26.2% |
| Furniture and vehicles | 24 | €42,963 | €31,681 | -€11,282 | -26.3% |
| Other tangible fixed assets | 26 | €1,567 | €1,167 | -€400 | -25.5% |
| Current assets | 29/58 | €33,875 | €25,314 | -€8,561 | -25.3% |
| Amounts receivable within one year | 40/41 | €25,102 | €23,635 | -€1,467 | -5.8% |
| Trade receivables | 40 | €25,102 | €23,200 | -€1,902 | -7.6% |
| Other amounts receivable | 41 | - | €435 | +€435 | |
| Cash at bank and in hand | 54/58 | €8,407 | €1,259 | -€7,148 | -85.0% |
| Deferred charges and accrued income | 490/1 | €366 | €420 | +€54 | +14.8% |
| Total equity and liabilities | 10/49 | €110,053 | €85,875 | -€24,178 | -22.0% |
| Equity | 10/15 | €26,997 | €33,534 | +€6,537 | +24.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,997 | €28,534 | +€6,537 | +29.7% |
| Distributable reserves | 133 | €21,997 | €28,534 | +€6,537 | +29.7% |
| Amounts payable | 17/49 | €83,056 | €52,341 | -€30,715 | -37.0% |
| Amounts payable after more than one year | 17 | €34,876 | €26,068 | -€8,808 | -25.3% |
| Financial debts | 170/4 | €34,876 | €26,068 | -€8,808 | -25.3% |
| Amounts payable within one year | 42/48 | €47,380 | €25,473 | -€21,907 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €8,471 | €8,808 | +€337 | +4.0% |
| Trade debts | 44 | €3,053 | €2,249 | -€804 | -26.3% |
| Suppliers | 440/4 | €3,053 | €2,249 | -€804 | -26.3% |
| Taxes, remuneration and social security | 45 | €27,246 | €13,649 | -€13,597 | -49.9% |
| Taxes | 450/3 | €17,246 | €5,649 | -€11,597 | -67.2% |
| Remuneration and social security | 454/9 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Other amounts payable | 47/48 | €8,610 | €767 | -€7,843 | -91.1% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,881 | €16,054 | +€6,173 | +62.5% |
| Other operating charges | 640/8 | €3,118 | €871 | -€2,247 | -72.1% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €42,914 | €28,348 | -€14,566 | -33.9% |
| Operating profit (loss) | 9901 | €29,915 | €11,360 | -€18,555 | -62.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €675 | €1,684 | +€1,009 | +149.5% |
| Recurring financial charges | 65 | €675 | €1,684 | +€1,009 | +149.5% |
| Profit (loss) for the period before taxes | 9903 | €29,240 | €9,686 | -€19,554 | -66.9% |
| Income taxes | 67/77 | €7,243 | €3,149 | -€4,094 | -56.5% |
| Profit (loss) for the period | 9904 | €21,997 | €6,537 | -€15,460 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,997 | €6,537 | -€15,460 | -70.3% |
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 10 October 2026 via checked.be.