APUS: 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.
APUS
Largest movements
- Cash -€48,387
down €48,387 (-58.4%), from €82,864 to €34,477
mainly Net result for the year (-€51,621) and Trade debts (-€3,474)
- Profit (loss) carried forward -€51,621
down €51,621 (-24.0%), from €215,051 to €163,430
- Tax, wage and social debts +€5,531
up €5,531 (+55.8%), from €9,916 to €15,446
of which Remuneration and social security: +€4,191
- Trade debts -€3,474
down €3,474 (-88.5%), from €3,925 to €452
- Gross operating margin -€56,026
down €56,026, from €4,192 to -€51,834
- Taxes -€1,978
down €1,978 (-98.7%), from €2,003 to €25
- Financial income +€1,023
up €1,023 (+152.8%), from €670 to €1,693
- Financial charges -€692
down €692 (-88.7%), from €781 to €89
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 | €319,218 | €269,655 | -€49,563 | -15.5% |
| Fixed assets | 21/28 | €2,163 | €1,217 | -€946 | -43.7% |
| Tangible fixed assets | 22/27 | €2,110 | €1,164 | -€946 | -44.8% |
| Furniture and vehicles | 24 | €2,110 | €1,164 | -€946 | -44.8% |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €317,055 | €268,438 | -€48,617 | -15.3% |
| Amounts receivable within one year | 40/41 | €2,291 | €2,048 | -€243 | -10.6% |
| Other amounts receivable | 41 | €2,291 | €2,048 | -€243 | -10.6% |
| Current investments | 50/53 | €230,728 | €231,913 | +€1,185 | +0.5% |
| Cash at bank and in hand | 54/58 | €82,864 | €34,477 | -€48,387 | -58.4% |
| Deferred charges and accrued income | 490/1 | €1,172 | - | -€1,172 | |
| Total equity and liabilities | 10/49 | €319,218 | €269,655 | -€49,563 | -15.5% |
| Equity | 10/15 | €305,377 | €253,757 | -€51,621 | -16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €84,126 | €84,126 | = | 0.0% |
| Distributable reserves | 133 | €84,126 | €84,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,051 | €163,430 | -€51,621 | -24.0% |
| Amounts payable | 17/49 | €13,841 | €15,898 | +€2,057 | +14.9% |
| Amounts payable within one year | 42/48 | €13,841 | €15,898 | +€2,057 | +14.9% |
| Trade debts | 44 | €3,925 | €452 | -€3,474 | -88.5% |
| Suppliers | 440/4 | €3,925 | €452 | -€3,474 | -88.5% |
| Taxes, remuneration and social security | 45 | €9,916 | €15,446 | +€5,531 | +55.8% |
| Taxes | 450/3 | - | €1,340 | +€1,340 | |
| Remuneration and social security | 454/9 | €9,916 | €14,106 | +€4,191 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €953 | €946 | -€7 | -0.7% |
| Other operating charges | 640/8 | €407 | €420 | +€12 | +3.0% |
| Gross operating margin | 9900 | €4,192 | -€51,834 | -€56,026 | |
| Operating profit (loss) | 9901 | €2,832 | -€53,200 | -€56,032 | |
| Financial income | 75/76B | €670 | €1,693 | +€1,023 | +152.8% |
| Recurring financial income | 75 | €670 | €1,693 | +€1,023 | +152.8% |
| Financial charges | 65/66B | €781 | €89 | -€692 | -88.7% |
| Recurring financial charges | 65 | €781 | €89 | -€692 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €2,721 | -€51,595 | -€54,316 | |
| Income taxes | 67/77 | €2,003 | €25 | -€1,978 | -98.7% |
| Profit (loss) for the period | 9904 | €718 | -€51,621 | -€52,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €718 | -€51,621 | -€52,338 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.