AK: 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.
AK
Largest movements
- Tangible fixed assets -€17,007
down €17,007 (-29.4%), from €57,845 to €40,838
of which Furniture and vehicles: -€13,831
- Cash +€8,350
up €8,350 (+99.9%), from €8,355 to €16,705
mainly Current portion of long-term debt (+€19,563) and Depreciation (+€16,271)
- Receivables after one year -€2,133
down €2,133 (-8.8%), from €24,133 to €22,000
- Debts after one year -€27,711
no longer reported in 2025 (was €27,711)
- Current portion of long-term debt +€19,563
up €19,563 (+262.4%), from €7,454 to €27,017
- Other debts +€4,466
up €4,466 (+121.0%), from €3,690 to €8,156
- Tax, wage and social debts -€3,126
down €3,126 (-40.7%), from €7,688 to €4,562
of which Taxes: -€4,451
- Profit (loss) carried forward -€2,822
down €2,822 (-131.9%), from -€2,140 to -€4,962
- Gross operating margin -€2,415
down €2,415 (-7.3%), from €33,241 to €30,826
- Depreciation -€862
down €862 (-5.0%), from €17,132 to €16,271
- Financial charges -€590
down €590 (-25.8%), from €2,287 to €1,696
- Other operating charges -€460
down €460 (-32.4%), from €1,422 to €962
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 | €90,887 | €80,460 | -€10,427 | -11.5% |
| Fixed assets | 21/28 | €57,845 | €40,838 | -€17,007 | -29.4% |
| Tangible fixed assets | 22/27 | €57,845 | €40,838 | -€17,007 | -29.4% |
| Plant, machinery and equipment | 23 | €6,449 | €3,273 | -€3,176 | -49.3% |
| Furniture and vehicles | 24 | €51,396 | €37,565 | -€13,831 | -26.9% |
| Current assets | 29/58 | €33,042 | €39,622 | +€6,579 | +19.9% |
| Amounts receivable after more than one year | 29 | €24,133 | €22,000 | -€2,133 | -8.8% |
| Other amounts receivable | 291 | €24,133 | €22,000 | -€2,133 | -8.8% |
| Amounts receivable within one year | 40/41 | €278 | €61 | -€217 | -78.0% |
| Other amounts receivable | 41 | €278 | €61 | -€217 | -78.0% |
| Cash at bank and in hand | 54/58 | €8,355 | €16,705 | +€8,350 | +99.9% |
| Deferred charges and accrued income | 490/1 | €277 | €856 | +€580 | +209.6% |
| Total equity and liabilities | 10/49 | €90,887 | €80,460 | -€10,427 | -11.5% |
| Equity | 10/15 | €40,949 | €38,127 | -€2,822 | -6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,889 | €36,889 | = | 0.0% |
| Distributable reserves | 133 | €36,889 | €36,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,140 | -€4,962 | -€2,822 | -131.9% |
| Amounts payable | 17/49 | €49,938 | €42,333 | -€7,605 | -15.2% |
| Amounts payable after more than one year | 17 | €27,711 | - | -€27,711 | |
| Financial debts | 170/4 | €27,711 | - | -€27,711 | |
| Amounts payable within one year | 42/48 | €22,227 | €42,199 | +€19,972 | +89.9% |
| Current portion of amounts payable after more than one year | 42 | €7,454 | €27,017 | +€19,563 | +262.4% |
| Trade debts | 44 | €3,394 | €2,464 | -€930 | -27.4% |
| Suppliers | 440/4 | €3,394 | €2,464 | -€930 | -27.4% |
| Taxes, remuneration and social security | 45 | €7,688 | €4,562 | -€3,126 | -40.7% |
| Taxes | 450/3 | €6,684 | €2,233 | -€4,451 | -66.6% |
| Remuneration and social security | 454/9 | €1,005 | €2,330 | +€1,325 | +131.9% |
| Other amounts payable | 47/48 | €3,690 | €8,156 | +€4,466 | +121.0% |
| Accrued charges and deferred income | 492/3 | - | €134 | +€134 | |
| Remuneration, social security and pensions | 62 | €14,376 | €14,067 | -€309 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,132 | €16,271 | -€862 | -5.0% |
| Other operating charges | 640/8 | €1,422 | €962 | -€460 | -32.4% |
| Non-recurring operating charges | 66A | - | €364 | +€364 | |
| Gross operating margin | 9900 | €33,241 | €30,826 | -€2,415 | -7.3% |
| Operating profit (loss) | 9901 | €311 | -€838 | -€1,149 | |
| Financial income | 75/76B | €254 | €0 | -€254 | -100.0% |
| Recurring financial income | 75 | €254 | €0 | -€254 | -100.0% |
| Financial charges | 65/66B | €2,287 | €1,696 | -€590 | -25.8% |
| Recurring financial charges | 65 | €2,287 | €1,696 | -€590 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,722 | -€2,535 | -€812 | -47.2% |
| Income taxes | 67/77 | €418 | €288 | -€130 | -31.1% |
| Profit (loss) for the period | 9904 | -€2,140 | -€2,822 | -€682 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,140 | -€2,822 | -€682 | -31.9% |
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.