AK: 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.
AK
Largest movements
- Cash -€7,804
down €7,804 (-63.6%), from €12,272 to €4,467
mainly Net result for the year (-€14,812) and Trade debts (-€6,808)
- Receivables within one year +€844
up €844 (+55.2%), from €1,529 to €2,372
of which Other amounts receivable: +€2,200
- Stocks and contracts +€387
up €387 (+6.7%), from €5,769 to €6,155
- Other debts +€16,000
up €16,000 (+403.5%), from €3,965 to €19,965
- Profit (loss) carried forward -€13,877
new in 2025: -€13,877
- Trade debts -€6,808
down €6,808 (-63.2%), from €10,777 to €3,970
- Tax, wage and social debts -€979
down €979 (-43.2%), from €2,267 to €1,288
of which Remuneration and social security: -€979
- Reserves -€935
no longer reported in 2025 (was €935)
- Gross operating margin -€25,322
down €25,322, from €16,323 to -€8,998
- Staff costs -€10,189
down €10,189 (-69.8%), from €14,592 to €4,403
- Financial charges -€8,634
down €8,634 (-98.0%), from €8,809 to €175
of which Non-recurring financial charges: -€8,562
- Depreciation -€800
down €800 (-97.0%), from €825 to €25
- Taxes -€209
no longer reported in 2025 (was €209)
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 | €25,444 | €18,845 | -€6,599 | -25.9% |
| Fixed assets | 21/28 | €5,875 | €5,850 | -€25 | -0.4% |
| Tangible fixed assets | 22/27 | €25 | - | -€25 | |
| Furniture and vehicles | 24 | €25 | - | -€25 | |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €19,569 | €12,995 | -€6,574 | -33.6% |
| Stocks and contracts in progress | 3 | €5,769 | €6,155 | +€387 | +6.7% |
| Stocks | 30/36 | €5,769 | €6,155 | +€387 | +6.7% |
| Amounts receivable within one year | 40/41 | €1,529 | €2,372 | +€844 | +55.2% |
| Trade receivables | 40 | €1,357 | - | -€1,357 | |
| Other amounts receivable | 41 | €172 | €2,372 | +€2,200 | +1279.5% |
| Cash at bank and in hand | 54/58 | €12,272 | €4,467 | -€7,804 | -63.6% |
| Total equity and liabilities | 10/49 | €25,444 | €18,845 | -€6,599 | -25.9% |
| Equity | 10/15 | €8,435 | -€6,377 | -€14,812 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €935 | - | -€935 | |
| Distributable reserves | 133 | €935 | - | -€935 | |
| Profit (loss) carried forward | 14 | - | -€13,877 | -€13,877 | |
| Amounts payable | 17/49 | €17,009 | €25,222 | +€8,213 | +48.3% |
| Amounts payable within one year | 42/48 | €17,009 | €25,222 | +€8,213 | +48.3% |
| Trade debts | 44 | €10,777 | €3,970 | -€6,808 | -63.2% |
| Suppliers | 440/4 | €10,777 | €3,970 | -€6,808 | -63.2% |
| Taxes, remuneration and social security | 45 | €2,267 | €1,288 | -€979 | -43.2% |
| Taxes | 450/3 | €1,288 | €1,288 | = | 0.0% |
| Remuneration and social security | 454/9 | €979 | - | -€979 | |
| Other amounts payable | 47/48 | €3,965 | €19,965 | +€16,000 | +403.5% |
| Remuneration, social security and pensions | 62 | €14,592 | €4,403 | -€10,189 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | €25 | -€800 | -97.0% |
| Other operating charges | 640/8 | €1,080 | €1,249 | +€169 | +15.6% |
| Gross operating margin | 9900 | €16,323 | -€8,998 | -€25,322 | |
| Operating profit (loss) | 9901 | -€173 | -€14,675 | -€14,502 | -8363.1% |
| Financial income | 75/76B | €203 | €38 | -€165 | -81.2% |
| Recurring financial income | 75 | €203 | €38 | -€165 | -81.2% |
| Non-recurring financial income | 76B | €203 | - | -€203 | |
| Financial charges | 65/66B | €8,809 | €175 | -€8,634 | -98.0% |
| Recurring financial charges | 65 | €247 | €175 | -€71 | -28.9% |
| Non-recurring financial charges | 66B | €8,562 | - | -€8,562 | |
| Profit (loss) for the period before taxes | 9903 | -€8,779 | -€14,812 | -€6,033 | -68.7% |
| Income taxes | 67/77 | €209 | - | -€209 | |
| Profit (loss) for the period | 9904 | -€8,989 | -€14,812 | -€5,824 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,989 | -€14,812 | -€5,824 | -64.8% |
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 4 October 2026 via checked.be.