AK-ER: 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-ER
Largest movements
- Tangible fixed assets -€88,476
down €88,476 (-94.4%), from €93,721 to €5,246
of which Furniture and vehicles: -€86,430
- Intangible fixed assets -€5,000
down €5,000 (-16.4%), from €30,425 to €25,425
- Cash +€3,286
up €3,286 (+33.3%), from €9,865 to €13,152
mainly Investment in fixed assets (net) (+€83,533) and Depreciation (+€9,943)
- Stocks and contracts +€2,210
up €2,210 (+95.3%), from €2,319 to €4,528
- Debts after one year -€36,376
no longer reported in 2025 (was €36,376)
- Profit (loss) carried forward -€24,540
down €24,540 (-388.1%), from -€6,323 to -€30,862
- Current portion of long-term debt -€23,331
down €23,331 (-98.7%), from €23,633 to €303
- Tax, wage and social debts -€5,830
down €5,830 (-39.7%), from €14,668 to €8,839
of which Taxes: -€10,414
- Trade debts +€2,200
up €2,200 (+21.2%), from €10,382 to €12,581
- Staff costs +€24,589
up €24,589 (+32.7%), from €75,252 to €99,841
- Depreciation -€23,955
down €23,955 (-70.7%), from €33,897 to €9,943
- Other operating charges +€2,197
up €2,197 (+3543.0%), from €62 to €2,259
- Gross operating margin +€1,571
up €1,571 (+1.5%), from €106,587 to €108,159
- Financial charges -€1,548
down €1,548 (-37.1%), from €4,177 to €2,629
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 | €157,809 | €69,933 | -€87,876 | -55.7% |
| Fixed assets | 21/28 | €130,746 | €37,270 | -€93,476 | -71.5% |
| Intangible fixed assets | 21 | €30,425 | €25,425 | -€5,000 | -16.4% |
| Tangible fixed assets | 22/27 | €93,721 | €5,246 | -€88,476 | -94.4% |
| Plant, machinery and equipment | 23 | €6,184 | €4,138 | -€2,046 | -33.1% |
| Furniture and vehicles | 24 | €87,537 | €1,108 | -€86,430 | -98.7% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €27,063 | €32,663 | +€5,599 | +20.7% |
| Stocks and contracts in progress | 3 | €2,319 | €4,528 | +€2,210 | +95.3% |
| Stocks | 30/36 | €2,319 | €4,528 | +€2,210 | +95.3% |
| Amounts receivable within one year | 40/41 | €13,484 | €14,725 | +€1,242 | +9.2% |
| Trade receivables | 40 | - | €90 | +€90 | |
| Other amounts receivable | 41 | €13,484 | €14,635 | +€1,152 | +8.5% |
| Cash at bank and in hand | 54/58 | €9,865 | €13,152 | +€3,286 | +33.3% |
| Deferred charges and accrued income | 490/1 | €1,396 | €258 | -€1,138 | -81.5% |
| Total equity and liabilities | 10/49 | €157,809 | €69,933 | -€87,876 | -55.7% |
| Equity | 10/15 | €72,750 | €48,210 | -€24,540 | -33.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,073 | €59,073 | = | 0.0% |
| Distributable reserves | 133 | €59,073 | €59,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,323 | -€30,862 | -€24,540 | -388.1% |
| Amounts payable | 17/49 | €85,059 | €21,723 | -€63,336 | -74.5% |
| Amounts payable after more than one year | 17 | €36,376 | - | -€36,376 | |
| Financial debts | 170/4 | €36,376 | - | -€36,376 | |
| Amounts payable within one year | 42/48 | €48,683 | €21,723 | -€26,961 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €23,633 | €303 | -€23,331 | -98.7% |
| Trade debts | 44 | €10,382 | €12,581 | +€2,200 | +21.2% |
| Suppliers | 440/4 | €10,382 | €12,581 | +€2,200 | +21.2% |
| Taxes, remuneration and social security | 45 | €14,668 | €8,839 | -€5,830 | -39.7% |
| Taxes | 450/3 | €11,924 | €1,510 | -€10,414 | -87.3% |
| Remuneration and social security | 454/9 | €2,745 | €7,329 | +€4,584 | +167.0% |
| Remuneration, social security and pensions | 62 | €75,252 | €99,841 | +€24,589 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,897 | €9,943 | -€23,955 | -70.7% |
| Other operating charges | 640/8 | €62 | €2,259 | +€2,197 | +3543.0% |
| Non-recurring operating charges | 66A | €132 | €18,739 | +€18,607 | +14143.7% |
| Gross operating margin | 9900 | €106,587 | €108,159 | +€1,571 | +1.5% |
| Operating profit (loss) | 9901 | -€2,756 | -€22,623 | -€19,867 | -721.0% |
| Financial income | 75/76B | €938 | €801 | -€137 | -14.6% |
| Recurring financial income | 75 | €938 | €801 | -€137 | -14.6% |
| Financial charges | 65/66B | €4,177 | €2,629 | -€1,548 | -37.1% |
| Recurring financial charges | 65 | €4,177 | €2,629 | -€1,548 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,994 | -€24,451 | -€18,456 | -307.9% |
| Income taxes | 67/77 | €328 | €89 | -€239 | -72.8% |
| Profit (loss) for the period | 9904 | -€6,323 | -€24,540 | -€18,217 | -288.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,323 | -€24,540 | -€18,217 | -288.1% |
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 7 October 2026 via checked.be.