AK Advisory: 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 Advisory
Largest movements
- Receivables within one year -€67,935
down €67,935 (-81.4%), from €83,489 to €15,554
of which Trade receivables: -€71,130
- Cash -€62,903
down €62,903 (-69.4%), from €90,612 to €27,708
mainly Contributions, distributions and other (-€96,240) and Other debts (-€86,055)
- Tangible fixed assets -€16,631
down €16,631 (-23.9%), from €69,443 to €52,812
of which Furniture and vehicles: -€12,234
- Current investments +€14,036
new in 2025: €14,036
- Other debts -€86,055
down €86,055 (-100%), from €86,055 to €0
- Profit (loss) carried forward -€34,881
down €34,881 (-41.1%), from €84,859 to €49,978
- Tax, wage and social debts -€9,943
down €9,943 (-25.2%), from €39,512 to €29,569
of which Taxes: -€9,962
- Gross operating margin -€4,801
down €4,801 (-4.5%), from €107,740 to €102,939
- Financial charges +€2,021
up €2,021 (+1,006%), from €201 to €2,222
- Depreciation -€1,947
down €1,947 (-10.3%), from €18,848 to €16,901
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 | €244,432 | €112,631 | -€131,800 | -53.9% |
| Fixed assets | 21/28 | €69,443 | €52,812 | -€16,631 | -23.9% |
| Tangible fixed assets | 22/27 | €69,443 | €52,812 | -€16,631 | -23.9% |
| Plant, machinery and equipment | 23 | €1,469 | €1,069 | -€400 | -27.2% |
| Furniture and vehicles | 24 | €17,468 | €5,233 | -€12,234 | -70.0% |
| Other tangible fixed assets | 26 | €50,506 | €46,510 | -€3,997 | -7.9% |
| Current assets | 29/58 | €174,988 | €59,819 | -€115,169 | -65.8% |
| Amounts receivable within one year | 40/41 | €83,489 | €15,554 | -€67,935 | -81.4% |
| Trade receivables | 40 | €83,230 | €12,100 | -€71,130 | -85.5% |
| Other amounts receivable | 41 | €259 | €3,454 | +€3,195 | +1,236% |
| Current investments | 50/53 | - | €14,036 | +€14,036 | |
| Cash at bank and in hand | 54/58 | €90,612 | €27,708 | -€62,903 | -69.4% |
| Deferred charges and accrued income | 490/1 | €888 | €2,521 | +€1,633 | +184% |
| Total equity and liabilities | 10/49 | €244,432 | €112,631 | -€131,800 | -53.9% |
| Equity | 10/15 | €116,340 | €81,459 | -€34,881 | -30.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €31,381 | €31,381 | = | 0.0% |
| Distributable reserves | 133 | €31,381 | €31,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,859 | €49,978 | -€34,881 | -41.1% |
| Amounts payable | 17/49 | €128,091 | €31,172 | -€96,919 | -75.7% |
| Amounts payable within one year | 42/48 | €127,603 | €31,172 | -€96,430 | -75.6% |
| Trade debts | 44 | €2,036 | €1,603 | -€433 | -21.2% |
| Suppliers | 440/4 | €2,036 | €1,603 | -€433 | -21.2% |
| Taxes, remuneration and social security | 45 | €39,512 | €29,569 | -€9,943 | -25.2% |
| Taxes | 450/3 | €37,492 | €27,530 | -€9,962 | -26.6% |
| Remuneration and social security | 454/9 | €2,020 | €2,040 | +€20 | +1.0% |
| Other amounts payable | 47/48 | €86,055 | €0 | -€86,055 | -100% |
| Accrued charges and deferred income | 492/3 | €489 | €0 | -€489 | -100% |
| Non-recurring operating income | 76A | - | €12,685 | +€12,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,848 | €16,901 | -€1,947 | -10.3% |
| Other operating charges | 640/8 | €2,146 | €2,532 | +€386 | +18.0% |
| Gross operating margin | 9900 | €107,740 | €102,939 | -€4,801 | -4.5% |
| Operating profit (loss) | 9901 | €86,746 | €83,506 | -€3,240 | -3.7% |
| Financial income | 75/76B | €73 | €465 | +€392 | +535% |
| Recurring financial income | 75 | €73 | €465 | +€392 | +535% |
| Financial charges | 65/66B | €201 | €2,222 | +€2,021 | +1,006% |
| Recurring financial charges | 65 | €201 | €2,222 | +€2,021 | +1,006% |
| Profit (loss) for the period before taxes | 9903 | €86,618 | €81,749 | -€4,869 | -5.6% |
| Income taxes | 67/77 | €19,741 | €20,390 | +€649 | +3.3% |
| Profit (loss) for the period | 9904 | €66,877 | €61,359 | -€5,518 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,877 | €61,359 | -€5,518 | -8.3% |
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 19 October 2026 via checked.be.