APULIA.SGV: 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.
APULIA.SGV
Largest movements
- Receivables within one year -€1.1m
no longer reported in 2025 (was €1.1m)
of which Trade receivables: -€1.0m
- Trade debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Tax, wage and social debts +€94,903
up €94,903 (+884.0%), from €10,735 to €105,639
- Profit (loss) carried forward -€83,205
down €83,205 (-424.0%), from -€19,625 to -€102,830
- Other debts +€37,731
up €37,731 (+1219.5%), from €3,094 to €40,825
- Staff costs +€236,546
new in 2025: €236,546
- Gross operating margin +€191,667
up €191,667, from -€18,623 to €173,044
- Depreciation +€10,600
up €10,600 (+1127.5%), from €940 to €11,540
- Financial charges +€7,422
new in 2025: €7,422
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 | €1,160,296 | €52,634 | -€1.1m | -95.5% |
| Formation expenses | 20 | €47,416 | €37,928 | -€9,488 | -20.0% |
| Fixed assets | 21/28 | €7,304 | €5,252 | -€2,051 | -28.1% |
| Tangible fixed assets | 22/27 | €7,304 | €5,252 | -€2,051 | -28.1% |
| Plant, machinery and equipment | 23 | €4,730 | €3,698 | -€1,032 | -21.8% |
| Furniture and vehicles | 24 | €2,573 | €1,554 | -€1,019 | -39.6% |
| Current assets | 29/58 | €1,105,576 | €9,454 | -€1.1m | -99.1% |
| Amounts receivable within one year | 40/41 | €1,092,775 | - | -€1.1m | |
| Trade receivables | 40 | €1,029,020 | - | -€1.0m | |
| Other amounts receivable | 41 | €63,755 | - | -€63,755 | |
| Cash at bank and in hand | 54/58 | €8,076 | €4,729 | -€3,347 | -41.4% |
| Deferred charges and accrued income | 490/1 | €4,725 | €4,725 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,160,296 | €52,634 | -€1.1m | -95.5% |
| Equity | 10/15 | -€17,625 | -€100,830 | -€83,205 | -472.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,625 | -€102,830 | -€83,205 | -424.0% |
| Amounts payable | 17/49 | €1,177,921 | €153,464 | -€1.0m | -87.0% |
| Amounts payable after more than one year | 17 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 178/9 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,170,891 | €146,464 | -€1.0m | -87.5% |
| Trade debts | 44 | €1,157,062 | - | -€1.2m | |
| Suppliers | 440/4 | €1,157,062 | - | -€1.2m | |
| Taxes, remuneration and social security | 45 | €10,735 | €105,639 | +€94,903 | +884.0% |
| Remuneration and social security | 454/9 | €10,735 | €105,639 | +€94,903 | +884.0% |
| Other amounts payable | 47/48 | €3,094 | €40,825 | +€37,731 | +1219.5% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Remuneration, social security and pensions | 62 | - | €236,546 | +€236,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €11,540 | +€10,600 | +1127.5% |
| Other operating charges | 640/8 | €408 | €740 | +€333 | +81.6% |
| Gross operating margin | 9900 | -€18,623 | €173,044 | +€191,667 | |
| Operating profit (loss) | 9901 | -€19,971 | -€75,783 | -€55,812 | -279.5% |
| Financial income | 75/76B | €346 | €0 | -€346 | -100.0% |
| Recurring financial income | 75 | €346 | €0 | -€346 | -100.0% |
| Financial charges | 65/66B | - | €7,422 | +€7,422 | |
| Recurring financial charges | 65 | - | €7,422 | +€7,422 | |
| Profit (loss) for the period before taxes | 9903 | -€19,625 | -€83,205 | -€63,580 | -324.0% |
| Profit (loss) for the period | 9904 | -€19,625 | -€83,205 | -€63,580 | -324.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,625 | -€83,205 | -€63,580 | -324.0% |
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 10 October 2026 via checked.be.