AK Management Services: 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 Management Services
Largest movements
- Cash +€83,322
up €83,322 (+51.0%), from €163,321 to €246,643
mainly Net result for the year (+€123,477) and Depreciation (+€67,131)
- Tangible fixed assets -€67,131
down €67,131 (-18.3%), from €367,695 to €300,564
of which Land and buildings: -€45,565
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables within one year -€9,793
down €9,793 (-100%), from €9,793 to €0
- Debts after one year -€147,207
down €147,207 (-43.9%), from €335,673 to €188,466
- Reserves +€123,477
up €123,477 (+67.2%), from €183,829 to €307,306
of which Distributable reserves: +€123,477
- Current portion of long-term debt -€15,818
down €15,818 (-44.5%), from €35,537 to €19,719
- Gross operating margin +€138,318
up €138,318 (+50.4%), from €274,240 to €412,559
- Taxes +€39,954
up €39,954 (+518%), from €7,707 to €47,661
- Depreciation -€12,691
down €12,691 (-15.9%), from €79,822 to €67,131
- Financial charges +€4,233
up €4,233 (+45.3%), from €9,349 to €13,582
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 | €618,206 | €578,527 | -€39,679 | -6.4% |
| Fixed assets | 21/28 | €367,695 | €300,564 | -€67,131 | -18.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €367,695 | €300,564 | -€67,131 | -18.3% |
| Land and buildings | 22 | €317,285 | €271,720 | -€45,565 | -14.4% |
| Plant, machinery and equipment | 23 | €1,203 | €39 | -€1,164 | -96.7% |
| Furniture and vehicles | 24 | €49,207 | €28,805 | -€20,403 | -41.5% |
| Current assets | 29/58 | €250,511 | €277,963 | +€27,452 | +11.0% |
| Amounts receivable within one year | 40/41 | €9,793 | €0 | -€9,793 | -100% |
| Other amounts receivable | 41 | €9,793 | €0 | -€9,793 | -100% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €163,321 | €246,643 | +€83,322 | +51.0% |
| Deferred charges and accrued income | 490/1 | €27,397 | €31,319 | +€3,922 | +14.3% |
| Total equity and liabilities | 10/49 | €618,206 | €578,527 | -€39,679 | -6.4% |
| Equity | 10/15 | €190,267 | €313,743 | +€123,477 | +64.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €183,829 | €307,306 | +€123,477 | +67.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €290 | €290 | = | 0.0% |
| Distributable reserves | 133 | €181,679 | €305,156 | +€123,477 | +68.0% |
| Profit (loss) carried forward | 14 | €238 | €238 | = | 0.0% |
| Amounts payable | 17/49 | €427,939 | €264,783 | -€163,156 | -38.1% |
| Amounts payable after more than one year | 17 | €335,673 | €188,466 | -€147,207 | -43.9% |
| Financial debts | 170/4 | €335,673 | €188,466 | -€147,207 | -43.9% |
| Amounts payable within one year | 42/48 | €92,002 | €75,936 | -€16,067 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €35,537 | €19,719 | -€15,818 | -44.5% |
| Trade debts | 44 | €6,929 | €7,856 | +€927 | +13.4% |
| Suppliers | 440/4 | €6,929 | €7,856 | +€927 | +13.4% |
| Taxes, remuneration and social security | 45 | €42,362 | €40,943 | -€1,419 | -3.4% |
| Taxes | 450/3 | €10,207 | €21,905 | +€11,698 | +115% |
| Remuneration and social security | 454/9 | €32,155 | €19,038 | -€13,117 | -40.8% |
| Other amounts payable | 47/48 | €7,174 | €7,417 | +€243 | +3.4% |
| Accrued charges and deferred income | 492/3 | €264 | €382 | +€119 | +45.0% |
| Remuneration, social security and pensions | 62 | €156,965 | €161,039 | +€4,074 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,822 | €67,131 | -€12,691 | -15.9% |
| Other operating charges | 640/8 | €4,359 | €3,252 | -€1,108 | -25.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €274,240 | €412,559 | +€138,318 | +50.4% |
| Operating profit (loss) | 9901 | €33,094 | €181,137 | +€148,043 | +447% |
| Financial income | 75/76B | €283 | €3,582 | +€3,299 | +1,166% |
| Recurring financial income | 75 | €283 | €3,582 | +€3,299 | +1,166% |
| Financial charges | 65/66B | €9,349 | €13,582 | +€4,233 | +45.3% |
| Recurring financial charges | 65 | €9,349 | €13,582 | +€4,233 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €24,028 | €171,138 | +€147,110 | +612% |
| Income taxes | 67/77 | €7,707 | €47,661 | +€39,954 | +518% |
| Profit (loss) for the period | 9904 | €16,321 | €123,477 | +€107,156 | +657% |
| Profit (loss) for the period to be appropriated | 9905 | €16,321 | €123,477 | +€107,156 | +657% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.