A.K.D.: 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.
A.K.D.
Largest movements
- Cash +€37,716
up €37,716 (+17.1%), from €220,969 to €258,685
mainly Receivables within one year (+€29,140) and Depreciation (+€12,625)
- Receivables within one year -€29,140
down €29,140 (-92.4%), from €31,528 to €2,388
of which Trade receivables: -€16,345
- Tangible fixed assets -€12,625
down €12,625 (-34.6%), from €36,483 to €23,859
of which Furniture and vehicles: -€12,495
- Tax, wage and social debts -€4,665
down €4,665 (-58.8%), from €7,940 to €3,275
of which Remuneration and social security: -€3,940
- Gross operating margin +€7,100
up €7,100 (+43.1%), from €16,489 to €23,589
- Depreciation +€2,446
up €2,446 (+24.0%), from €10,178 to €12,625
- Taxes +€1,184
new in 2025: €1,184
- Other operating charges -€330
down €330 (-4.2%), from €7,938 to €7,608
- Staff costs -€271
no longer reported in 2025 (was €271)
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 | €291,833 | €287,355 | -€4,478 | -1.5% |
| Fixed assets | 21/28 | €38,868 | €26,244 | -€12,625 | -32.5% |
| Tangible fixed assets | 22/27 | €36,483 | €23,859 | -€12,625 | -34.6% |
| Plant, machinery and equipment | 23 | €605 | €476 | -€130 | -21.4% |
| Furniture and vehicles | 24 | €35,878 | €23,383 | -€12,495 | -34.8% |
| Financial fixed assets | 28 | €2,385 | €2,385 | = | 0.0% |
| Current assets | 29/58 | €252,964 | €261,111 | +€8,147 | +3.2% |
| Amounts receivable within one year | 40/41 | €31,528 | €2,388 | -€29,140 | -92.4% |
| Trade receivables | 40 | €16,758 | €413 | -€16,345 | -97.5% |
| Other amounts receivable | 41 | €14,770 | €1,975 | -€12,795 | -86.6% |
| Cash at bank and in hand | 54/58 | €220,969 | €258,685 | +€37,716 | +17.1% |
| Deferred charges and accrued income | 490/1 | €467 | €38 | -€429 | -91.9% |
| Total equity and liabilities | 10/49 | €291,833 | €287,355 | -€4,478 | -1.5% |
| Equity | 10/15 | €273,649 | €275,226 | +€1,578 | +0.6% |
| Contributions | 10/11 | €8,800 | €8,800 | = | 0.0% |
| Reserves | 13 | €201,773 | €203,351 | +€1,578 | +0.8% |
| Distributable reserves | 133 | €201,773 | €203,351 | +€1,578 | +0.8% |
| Profit (loss) carried forward | 14 | €63,075 | €63,075 | = | 0.0% |
| Amounts payable | 17/49 | €18,184 | €12,128 | -€6,055 | -33.3% |
| Amounts payable within one year | 42/48 | €18,184 | €12,128 | -€6,055 | -33.3% |
| Trade debts | 44 | €7,588 | €6,830 | -€758 | -10.0% |
| Suppliers | 440/4 | €7,588 | €6,830 | -€758 | -10.0% |
| Taxes, remuneration and social security | 45 | €7,940 | €3,275 | -€4,665 | -58.8% |
| Taxes | 450/3 | €3,000 | €2,275 | -€725 | -24.2% |
| Remuneration and social security | 454/9 | €4,940 | €1,000 | -€3,940 | -79.8% |
| Other amounts payable | 47/48 | €2,656 | €2,024 | -€632 | -23.8% |
| Non-recurring operating income | 76A | €700 | - | -€700 | |
| Remuneration, social security and pensions | 62 | €271 | - | -€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,178 | €12,625 | +€2,446 | +24.0% |
| Other operating charges | 640/8 | €7,938 | €7,608 | -€330 | -4.2% |
| Gross operating margin | 9900 | €16,489 | €23,589 | +€7,100 | +43.1% |
| Operating profit (loss) | 9901 | -€1,897 | €3,356 | +€5,253 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €360 | €595 | +€235 | +65.2% |
| Recurring financial charges | 65 | €360 | €595 | +€235 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,257 | €2,761 | +€5,019 | |
| Income taxes | 67/77 | - | €1,184 | +€1,184 | |
| Profit (loss) for the period | 9904 | -€2,257 | €1,578 | +€3,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,257 | €1,578 | +€3,835 |
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 11 October 2026 via checked.be.