A.K. MASTER: 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. MASTER
Largest movements
- Receivables within one year -€4,603
down €4,603 (-97.4%), from €4,724 to €121
of which Other amounts receivable: -€3,967
- Deferred charges and accrued income +€570
up €570 (+98.3%), from €580 to €1,150
- Profit (loss) carried forward -€5,483
down €5,483 (-92.4%), from -€5,932 to -€11,415
- Trade debts +€1,546
up €1,546 (+76.5%), from €2,022 to €3,568
- Short-term financial debts -€241
down €241 (-33.9%), from €710 to €469
- Tax, wage and social debts +€145
up €145 (+8.6%), from €1,684 to €1,829
- Gross operating margin -€15,688
down €15,688, from €11,240 to -€4,448
- Taxes -€1,537
down €1,537 (-91.3%), from €1,683 to €146
- Financial charges -€691
down €691 (-61.8%), from €1,119 to €428
- Other operating charges -€470
down €470 (-50.5%), from €931 to €461
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,304 | €1,271 | -€4,033 | -76.0% |
| Current assets | 29/58 | €5,304 | €1,271 | -€4,033 | -76.0% |
| Amounts receivable within one year | 40/41 | €4,724 | €121 | -€4,603 | -97.4% |
| Trade receivables | 40 | €636 | - | -€636 | |
| Other amounts receivable | 41 | €4,088 | €121 | -€3,967 | -97.0% |
| Deferred charges and accrued income | 490/1 | €580 | €1,150 | +€570 | +98.3% |
| Total equity and liabilities | 10/49 | €5,304 | €1,271 | -€4,033 | -76.0% |
| Equity | 10/15 | €888 | -€4,595 | -€5,483 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,932 | -€11,415 | -€5,483 | -92.4% |
| Amounts payable | 17/49 | €4,416 | €5,866 | +€1,450 | +32.8% |
| Amounts payable within one year | 42/48 | €4,416 | €5,866 | +€1,450 | +32.8% |
| Financial debts | 43 | €710 | €469 | -€241 | -33.9% |
| Credit institutions | 430/8 | €710 | €469 | -€241 | -33.9% |
| Trade debts | 44 | €2,022 | €3,568 | +€1,546 | +76.5% |
| Suppliers | 440/4 | €2,022 | €3,568 | +€1,546 | +76.5% |
| Taxes, remuneration and social security | 45 | €1,684 | €1,829 | +€145 | +8.6% |
| Taxes | 450/3 | €1,684 | €1,829 | +€145 | +8.6% |
| Other operating charges | 640/8 | €931 | €461 | -€470 | -50.5% |
| Gross operating margin | 9900 | €11,240 | -€4,448 | -€15,688 | |
| Operating profit (loss) | 9901 | €10,309 | -€4,909 | -€15,218 | |
| Financial charges | 65/66B | €1,119 | €428 | -€691 | -61.8% |
| Recurring financial charges | 65 | €1,119 | €428 | -€691 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €9,190 | -€5,337 | -€14,527 | |
| Income taxes | 67/77 | €1,683 | €146 | -€1,537 | -91.3% |
| Profit (loss) for the period | 9904 | €7,507 | -€5,483 | -€12,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,507 | -€5,483 | -€12,990 |
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 12 October 2026 via checked.be.