APULO: 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.
APULO
Largest movements
- Receivables after one year -€165,000
down €165,000 (-91.7%), from €180,000 to €15,000
- Cash +€65,610
up €65,610 (+689.8%), from €9,512 to €75,121
mainly Receivables after one year (+€165,000) and Net result for the year (+€52,978)
- Current investments +€34,000
new in 2024: €34,000
- Tangible fixed assets -€22,869
down €22,869 (-6.4%), from €355,503 to €332,633
of which Land and buildings: -€21,289
- Deferred charges and accrued income +€10,905
up €10,905 (+242.1%), from €4,505 to €15,410
- Debts after one year -€123,465
down €123,465 (-21.4%), from €577,157 to €453,692
of which Financial debts: -€123,465
- Profit (loss) carried forward +€52,978
up €52,978 (+34.2%), from -€155,001 to -€102,023
- Tax, wage and social debts +€19,365
up €19,365 (+74.4%), from €26,024 to €45,389
of which Taxes: +€20,342
- Current portion of long-term debt -€15,759
down €15,759 (-35.4%), from €44,491 to €28,732
- Depreciation -€7,431
down €7,431 (-23.7%), from €31,371 to €23,940
- Gross operating margin -€3,695
down €3,695 (-3.1%), from €118,965 to €115,270
- Other operating charges -€2,198
down €2,198 (-53.2%), from €4,135 to €1,937
- Financial charges -€2,187
down €2,187 (-9.4%), from €23,346 to €21,159
- Taxes +€1,623
up €1,623 (+11.9%), from €13,641 to €15,263
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,798 | €505,744 | -€67,054 | -11.7% |
| Fixed assets | 21/28 | €356,446 | €333,576 | -€22,869 | -6.4% |
| Tangible fixed assets | 22/27 | €355,503 | €332,633 | -€22,869 | -6.4% |
| Land and buildings | 22 | €350,720 | €329,432 | -€21,289 | -6.1% |
| Plant, machinery and equipment | 23 | €899 | €1,412 | +€513 | +57.1% |
| Furniture and vehicles | 24 | €3,884 | €1,790 | -€2,094 | -53.9% |
| Financial fixed assets | 28 | €943 | €943 | = | 0.0% |
| Current assets | 29/58 | €216,352 | €172,167 | -€44,185 | -20.4% |
| Amounts receivable after more than one year | 29 | €180,000 | €15,000 | -€165,000 | -91.7% |
| Other amounts receivable | 291 | €180,000 | €15,000 | -€165,000 | -91.7% |
| Amounts receivable within one year | 40/41 | €22,336 | €32,636 | +€10,300 | +46.1% |
| Trade receivables | 40 | €19,208 | €32,636 | +€13,429 | +69.9% |
| Other amounts receivable | 41 | €3,128 | - | -€3,128 | |
| Current investments | 50/53 | - | €34,000 | +€34,000 | |
| Cash at bank and in hand | 54/58 | €9,512 | €75,121 | +€65,610 | +689.8% |
| Deferred charges and accrued income | 490/1 | €4,505 | €15,410 | +€10,905 | +242.1% |
| Total equity and liabilities | 10/49 | €572,798 | €505,744 | -€67,054 | -11.7% |
| Equity | 10/15 | -€81,644 | -€28,667 | +€52,978 | +64.9% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €52,896 | €54,756 | +€1,860 | +3.5% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €43,996 | €43,996 | = | 0.0% |
| Distributable reserves | 133 | €8,900 | €8,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,001 | -€102,023 | +€52,978 | +34.2% |
| Amounts payable | 17/49 | €654,443 | €534,410 | -€120,032 | -18.3% |
| Amounts payable after more than one year | 17 | €577,157 | €453,692 | -€123,465 | -21.4% |
| Financial debts | 170/4 | €575,707 | €452,242 | -€123,465 | -21.4% |
| Other amounts payable | 178/9 | €1,450 | €1,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,285 | €80,718 | +€3,433 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €44,491 | €28,732 | -€15,759 | -35.4% |
| Trade debts | 44 | €1,762 | €712 | -€1,050 | -59.6% |
| Suppliers | 440/4 | €1,762 | €712 | -€1,050 | -59.6% |
| Taxes, remuneration and social security | 45 | €26,024 | €45,389 | +€19,365 | +74.4% |
| Taxes | 450/3 | €23,425 | €43,767 | +€20,342 | +86.8% |
| Remuneration and social security | 454/9 | €2,599 | €1,623 | -€977 | -37.6% |
| Other amounts payable | 47/48 | €5,008 | €5,885 | +€877 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,371 | €23,940 | -€7,431 | -23.7% |
| Other operating charges | 640/8 | €4,135 | €1,937 | -€2,198 | -53.2% |
| Gross operating margin | 9900 | €118,965 | €115,270 | -€3,695 | -3.1% |
| Operating profit (loss) | 9901 | €83,459 | €89,392 | +€5,933 | +7.1% |
| Financial income | 75/76B | €16 | €8 | -€8 | -52.1% |
| Recurring financial income | 75 | €16 | €8 | -€8 | -52.1% |
| Financial charges | 65/66B | €23,346 | €21,159 | -€2,187 | -9.4% |
| Recurring financial charges | 65 | €23,346 | €21,159 | -€2,187 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €60,129 | €68,241 | +€8,112 | +13.5% |
| Income taxes | 67/77 | €13,641 | €15,263 | +€1,623 | +11.9% |
| Profit (loss) for the period | 9904 | €46,488 | €52,978 | +€6,490 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,488 | €52,978 | +€6,490 | +14.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.