A.K.D. GROUP: 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. GROUP
Largest movements
- Receivables within one year +€146,571
up €146,571 (+200%), from €73,354 to €219,925
of which Trade receivables: +€136,536
- Cash +€30,128
up €30,128 (+6,277%), from €480 to €30,608
mainly Trade debts (+€101,844) and Net result for the year (+€38,191)
- Tangible fixed assets -€4,541
down €4,541 (-37.7%), from €12,043 to €7,502
of which Furniture and vehicles: -€12,043
- Trade debts +€101,844
up €101,844 (+209%), from €48,786 to €150,630
- Profit (loss) carried forward +€38,191
up €38,191, from -€17,660 to €20,532
- Tax, wage and social debts +€33,810
up €33,810 (+442%), from €7,645 to €41,455
of which Taxes: +€41,455
- Turnover +€100,727
up €100,727 (+23.0%), from €438,469 to €539,196
- Gross operating margin +€69,293
up €69,293 (+50.7%), from €136,716 to €206,008
- Purchases and services +€50,996
up €50,996 (+18.1%), from €282,192 to €333,188
- Staff costs +€10,550
up €10,550 (+7.0%), from €151,576 to €162,126
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.
Derived cash bridge
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 | €86,377 | €258,818 | +€172,441 | +200% |
| Fixed assets | 21/28 | €12,543 | €8,002 | -€4,541 | -36.2% |
| Tangible fixed assets | 22/27 | €12,043 | €7,502 | -€4,541 | -37.7% |
| Plant, machinery and equipment | 23 | - | €7,502 | +€7,502 | |
| Furniture and vehicles | 24 | €12,043 | - | -€12,043 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €73,834 | €250,816 | +€176,982 | +240% |
| Amounts receivable within one year | 40/41 | €73,354 | €219,925 | +€146,571 | +200% |
| Trade receivables | 40 | €67,627 | €204,163 | +€136,536 | +202% |
| Other amounts receivable | 41 | €5,727 | €15,763 | +€10,036 | +175% |
| Cash at bank and in hand | 54/58 | €480 | €30,608 | +€30,128 | +6,277% |
| Deferred charges and accrued income | 490/1 | - | €282 | +€282 | |
| Total equity and liabilities | 10/49 | €86,377 | €258,818 | +€172,441 | +200% |
| Equity | 10/15 | €23,092 | €61,283 | +€38,191 | +165% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,552 | €34,552 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €34,552 | +€34,552 | |
| Legal reserve | 130 | - | €34,552 | +€34,552 | |
| Distributable reserves | 133 | €34,552 | - | -€34,552 | |
| Profit (loss) carried forward | 14 | -€17,660 | €20,532 | +€38,191 | |
| Amounts payable | 17/49 | €63,285 | €197,535 | +€134,250 | +212% |
| Amounts payable within one year | 42/48 | €63,285 | €197,535 | +€134,250 | +212% |
| Trade debts | 44 | €48,786 | €150,630 | +€101,844 | +209% |
| Suppliers | 440/4 | €48,786 | €150,630 | +€101,844 | +209% |
| Taxes, remuneration and social security | 45 | €7,645 | €41,455 | +€33,810 | +442% |
| Taxes | 450/3 | - | €41,455 | +€41,455 | |
| Remuneration and social security | 454/9 | €7,645 | - | -€7,645 | |
| Other amounts payable | 47/48 | €6,854 | €5,449 | -€1,405 | -20.5% |
| Turnover | 70 | €438,469 | €539,196 | +€100,727 | +23.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €282,192 | €333,188 | +€50,996 | +18.1% |
| Remuneration, social security and pensions | 62 | €151,576 | €162,126 | +€10,550 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,327 | €4,541 | -€786 | -14.8% |
| Other operating charges | 640/8 | €1,701 | €660 | -€1,041 | -61.2% |
| Non-recurring operating charges | 66A | €5,163 | - | -€5,163 | |
| Gross operating margin | 9900 | €136,716 | €206,008 | +€69,293 | +50.7% |
| Operating profit (loss) | 9901 | -€27,052 | €38,681 | +€65,733 | |
| Financial charges | 65/66B | €389 | €490 | +€101 | +25.9% |
| Recurring financial charges | 65 | €389 | €490 | +€101 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,441 | €38,191 | +€65,632 | |
| Profit (loss) for the period | 9904 | -€27,441 | €38,191 | +€65,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,441 | €38,191 | +€65,632 |
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 29 October 2026 via checked.be.