APUS: 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.
APUS
Largest movements
- Cash -€8,702
down €8,702 (-89.3%), from €9,740 to €1,038
mainly Debts after one year (-€10,647) and Current portion of long-term debt (-€4,679)
- Tangible fixed assets -€4,468
down €4,468 (-2.8%), from €156,873 to €152,405
- Debts after one year -€10,647
down €10,647 (-100.0%), from €10,647 to €0
- Current portion of long-term debt -€4,679
down €4,679 (-30.5%), from €15,326 to €10,647
- Other debts +€1,950
new in 2025: €1,950
- Financial charges -€767
down €767 (-42.3%), from €1,814 to €1,048
- Gross operating margin +€310
up €310 (+4.6%), from €6,745 to €7,054
- Financial income -€101
down €101 (-68.4%), from €148 to €47
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 | €167,064 | €153,888 | -€13,177 | -7.9% |
| Fixed assets | 21/28 | €156,873 | €152,405 | -€4,468 | -2.8% |
| Tangible fixed assets | 22/27 | €156,873 | €152,405 | -€4,468 | -2.8% |
| Land and buildings | 22 | €156,873 | €152,405 | -€4,468 | -2.8% |
| Current assets | 29/58 | €10,192 | €1,482 | -€8,709 | -85.5% |
| Amounts receivable within one year | 40/41 | €80 | €58 | -€22 | -27.0% |
| Other amounts receivable | 41 | €80 | €58 | -€22 | -27.0% |
| Cash at bank and in hand | 54/58 | €9,740 | €1,038 | -€8,702 | -89.3% |
| Deferred charges and accrued income | 490/1 | €372 | €386 | +€14 | +3.8% |
| Total equity and liabilities | 10/49 | €167,064 | €153,888 | -€13,177 | -7.9% |
| Equity | 10/15 | €139,269 | €139,458 | +€189 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,359 | €8,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,318 | €112,507 | +€189 | +0.2% |
| Amounts payable | 17/49 | €27,795 | €14,429 | -€13,366 | -48.1% |
| Amounts payable after more than one year | 17 | €10,647 | €0 | -€10,647 | -100.0% |
| Financial debts | 170/4 | €10,647 | €0 | -€10,647 | -100.0% |
| Amounts payable within one year | 42/48 | €15,402 | €13,072 | -€2,329 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €15,326 | €10,647 | -€4,679 | -30.5% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €75 | €75 | = | 0.0% |
| Taxes | 450/3 | €75 | €75 | = | 0.0% |
| Other amounts payable | 47/48 | - | €1,950 | +€1,950 | |
| Accrued charges and deferred income | 492/3 | €1,747 | €1,357 | -€389 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,468 | €4,468 | = | 0.0% |
| Other operating charges | 640/8 | €1,337 | €1,397 | +€60 | +4.5% |
| Gross operating margin | 9900 | €6,745 | €7,054 | +€310 | +4.6% |
| Operating profit (loss) | 9901 | €940 | €1,190 | +€250 | +26.5% |
| Financial income | 75/76B | €148 | €47 | -€101 | -68.4% |
| Recurring financial income | 75 | €148 | €47 | -€101 | -68.4% |
| Financial charges | 65/66B | €1,814 | €1,048 | -€767 | -42.3% |
| Recurring financial charges | 65 | €1,814 | €1,048 | -€767 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€726 | €189 | +€915 | |
| Profit (loss) for the period | 9904 | -€726 | €189 | +€915 | |
| Profit (loss) for the period to be appropriated | 9905 | -€726 | €189 | +€915 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.