AK Load: 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 Load
Largest movements
- Cash -€52,739
down €52,739 (-59.7%), from €88,404 to €35,665
mainly Trade debts (-€288,380) and Tax, wage and social debts (-€6,340)
- Stocks and contracts -€35,771
down €35,771 (-12.6%), from €285,008 to €249,237
of which Stocks: -€19,521
- Receivables within one year -€9,931
down €9,931 (-15.8%), from €62,749 to €52,818
- Trade debts -€288,380
down €288,380 (-95.8%), from €301,075 to €12,695
- Other debts +€186,985
up €186,985 (+15849.6%), from €1,180 to €188,165
- Tax, wage and social debts -€6,340
no longer reported in 2025 (was €6,340)
- Gross operating margin -€86,387
down €86,387 (-88.0%), from €98,213 to €11,826
- Taxes -€24,082
down €24,082 (-93.7%), from €25,714 to €1,632
- Financial charges +€4,276
up €4,276 (+3279.8%), from €130 to €4,407
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 | €449,868 | €349,905 | -€99,962 | -22.2% |
| Fixed assets | 21/28 | €13,253 | €11,735 | -€1,518 | -11.5% |
| Intangible fixed assets | 21 | €13,253 | €11,735 | -€1,518 | -11.5% |
| Current assets | 29/58 | €436,615 | €338,170 | -€98,444 | -22.5% |
| Stocks and contracts in progress | 3 | €285,008 | €249,237 | -€35,771 | -12.6% |
| Stocks | 30/36 | €268,758 | €249,237 | -€19,521 | -7.3% |
| Contracts in progress | 37 | €16,250 | - | -€16,250 | |
| Amounts receivable within one year | 40/41 | €62,749 | €52,818 | -€9,931 | -15.8% |
| Other amounts receivable | 41 | €62,749 | €52,818 | -€9,931 | -15.8% |
| Cash at bank and in hand | 54/58 | €88,404 | €35,665 | -€52,739 | -59.7% |
| Deferred charges and accrued income | 490/1 | €453 | €451 | -€2 | -0.5% |
| Total equity and liabilities | 10/49 | €449,868 | €349,905 | -€99,962 | -22.2% |
| Equity | 10/15 | €141,237 | €144,899 | +€3,663 | +2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €121,150 | €124,800 | +€3,650 | +3.0% |
| Distributable reserves | 133 | €121,150 | €124,800 | +€3,650 | +3.0% |
| Profit (loss) carried forward | 14 | €87 | €99 | +€13 | +14.4% |
| Amounts payable | 17/49 | €308,631 | €205,006 | -€103,625 | -33.6% |
| Amounts payable within one year | 42/48 | €308,595 | €200,860 | -€107,734 | -34.9% |
| Trade debts | 44 | €301,075 | €12,695 | -€288,380 | -95.8% |
| Suppliers | 440/4 | €301,075 | €12,695 | -€288,380 | -95.8% |
| Taxes, remuneration and social security | 45 | €6,340 | - | -€6,340 | |
| Taxes | 450/3 | €6,340 | - | -€6,340 | |
| Other amounts payable | 47/48 | €1,180 | €188,165 | +€186,985 | +15849.6% |
| Accrued charges and deferred income | 492/3 | €36 | €4,146 | +€4,110 | +11415.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €1,518 | +€193 | +14.6% |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | €98,213 | €11,826 | -€86,387 | -88.0% |
| Operating profit (loss) | 9901 | €96,298 | €9,701 | -€86,597 | -89.9% |
| Financial charges | 65/66B | €130 | €4,407 | +€4,276 | +3279.8% |
| Recurring financial charges | 65 | €130 | €4,407 | +€4,276 | +3279.8% |
| Profit (loss) for the period before taxes | 9903 | €96,167 | €5,294 | -€90,873 | -94.5% |
| Income taxes | 67/77 | €25,714 | €1,632 | -€24,082 | -93.7% |
| Profit (loss) for the period | 9904 | €70,454 | €3,663 | -€66,791 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,454 | €3,663 | -€66,791 | -94.8% |
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 10 October 2026 via checked.be.