AK Development: 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 Development
Largest movements
- Financial fixed assets +€350,000
up €350,000 (+7,000%), from €5,000 to €355,000
- Receivables within one year +€115,947
up €115,947 (+71.9%), from €161,157 to €277,104
of which Trade receivables: +€103,055
- Tangible fixed assets +€63,663
up €63,663 (+16.3%), from €389,937 to €453,600
of which Land and buildings: +€66,999
- Cash -€47,581
down €47,581 (-60.3%), from €78,926 to €31,345
mainly Investment in fixed assets (net) (-€440,385) and Receivables within one year (-€115,947)
- Stocks and contracts -€15,500
down €15,500 (-100%), from €15,500 to €0
- Other debts +€438,454
up €438,454 (+3,612%), from €12,138 to €450,591
- Debts after one year +€45,607
up €45,607 (+13.3%), from €342,500 to €388,107
of which Financial debts: +€42,257
- Tax, wage and social debts -€42,648
down €42,648 (-90.2%), from €47,288 to €4,640
- Profit (loss) carried forward +€12,594
up €12,594 (+5.1%), from €245,773 to €258,368
- Gross operating margin +€55,179
up €55,179 (+499%), from €11,050 to €66,230
- Depreciation +€22,239
up €22,239 (+496%), from €4,483 to €26,722
- Financial charges +€16,270
up €16,270 (+658%), from €2,472 to €18,741
- Other operating charges +€3,231
up €3,231 (+401%), from €805 to €4,036
- Taxes +€1,317
up €1,317 (+45.1%), from €2,918 to €4,236
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 | €655,923 | €1,125,718 | +€469,796 | +71.6% |
| Fixed assets | 21/28 | €394,937 | €808,600 | +€413,663 | +105% |
| Tangible fixed assets | 22/27 | €389,937 | €453,600 | +€63,663 | +16.3% |
| Land and buildings | 22 | €383,541 | €450,540 | +€66,999 | +17.5% |
| Furniture and vehicles | 24 | €6,396 | €3,060 | -€3,336 | -52.2% |
| Financial fixed assets | 28 | €5,000 | €355,000 | +€350,000 | +7,000% |
| Current assets | 29/58 | €260,985 | €317,118 | +€56,133 | +21.5% |
| Stocks and contracts in progress | 3 | €15,500 | €0 | -€15,500 | -100% |
| Stocks | 30/36 | €15,500 | €0 | -€15,500 | -100% |
| Amounts receivable within one year | 40/41 | €161,157 | €277,104 | +€115,947 | +71.9% |
| Trade receivables | 40 | €0 | €103,055 | +€103,055 | |
| Other amounts receivable | 41 | €161,157 | €174,049 | +€12,892 | +8.0% |
| Cash at bank and in hand | 54/58 | €78,926 | €31,345 | -€47,581 | -60.3% |
| Deferred charges and accrued income | 490/1 | €5,402 | €8,669 | +€3,266 | +60.5% |
| Total equity and liabilities | 10/49 | €655,923 | €1,125,718 | +€469,796 | +71.6% |
| Equity | 10/15 | €250,773 | €263,368 | +€12,594 | +5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,773 | €258,368 | +€12,594 | +5.1% |
| Amounts payable | 17/49 | €405,149 | €862,350 | +€457,201 | +113% |
| Amounts payable after more than one year | 17 | €342,500 | €388,107 | +€45,607 | +13.3% |
| Financial debts | 170/4 | €342,500 | €384,757 | +€42,257 | +12.3% |
| Other amounts payable | 178/9 | - | €3,350 | +€3,350 | |
| Amounts payable within one year | 42/48 | €61,834 | €472,623 | +€410,789 | +664% |
| Current portion of amounts payable after more than one year | 42 | - | €5,355 | +€5,355 | |
| Trade debts | 44 | €2,409 | €12,037 | +€9,629 | +400% |
| Suppliers | 440/4 | €2,409 | €12,037 | +€9,629 | +400% |
| Taxes, remuneration and social security | 45 | €47,288 | €4,640 | -€42,648 | -90.2% |
| Taxes | 450/3 | €47,288 | €4,640 | -€42,648 | -90.2% |
| Other amounts payable | 47/48 | €12,138 | €450,591 | +€438,454 | +3,612% |
| Accrued charges and deferred income | 492/3 | €815 | €1,620 | +€805 | +98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,483 | €26,722 | +€22,239 | +496% |
| Other operating charges | 640/8 | €805 | €4,036 | +€3,231 | +401% |
| Gross operating margin | 9900 | €11,050 | €66,230 | +€55,179 | +499% |
| Operating profit (loss) | 9901 | €5,762 | €35,472 | +€29,709 | +516% |
| Financial income | 75/76B | €37 | €100 | +€63 | +173% |
| Recurring financial income | 75 | €37 | €100 | +€63 | +173% |
| Financial charges | 65/66B | €2,472 | €18,741 | +€16,270 | +658% |
| Recurring financial charges | 65 | €2,472 | €18,741 | +€16,270 | +658% |
| Profit (loss) for the period before taxes | 9903 | €3,327 | €16,830 | +€13,503 | +406% |
| Income taxes | 67/77 | €2,918 | €4,236 | +€1,317 | +45.1% |
| Profit (loss) for the period | 9904 | €409 | €12,594 | +€12,186 | +2,982% |
| Profit (loss) for the period to be appropriated | 9905 | €409 | €12,594 | +€12,186 | +2,982% |
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 26 October 2026 via checked.be.