AK P&M: 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 P&M
Largest movements
- Cash +€17,796
up €17,796 (+24.0%), from €74,202 to €91,998
mainly Other debts (+€16,718) and Net result for the year (+€10,045)
- Other debts +€16,718
up €16,718 (+178%), from €9,378 to €26,096
- Trade debts +€6,615
new in 2025: €6,615
- Reserves -€4,506
down €4,506 (-8.4%), from €53,499 to €48,993
of which Distributable reserves: -€4,506
- Tax, wage and social debts -€1,030
down €1,030 (-7.6%), from €13,556 to €12,526
of which Taxes: -€1,493
- Gross operating margin +€2,236
up €2,236 (+16.1%), from €13,911 to €16,147
- Taxes +€1,544
up €1,544 (+46.4%), from €3,325 to €4,868
- Financial charges +€492
up €492 (+220%), from €223 to €715
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 | €83,833 | €101,629 | +€17,796 | +21.2% |
| Current assets | 29/58 | €83,833 | €101,629 | +€17,796 | +21.2% |
| Amounts receivable within one year | 40/41 | €9,559 | €9,559 | = | 0.0% |
| Trade receivables | 40 | €9,559 | €9,559 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,202 | €91,998 | +€17,796 | +24.0% |
| Deferred charges and accrued income | 490/1 | €72 | €72 | +€0 | +0.4% |
| Total equity and liabilities | 10/49 | €83,833 | €101,629 | +€17,796 | +21.2% |
| Equity | 10/15 | €60,899 | €56,393 | -€4,506 | -7.4% |
| Contributions | 10/11 | €7,400 | €7,400 | = | 0.0% |
| Reserves | 13 | €53,499 | €48,993 | -€4,506 | -8.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,499 | €48,993 | -€4,506 | -8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,934 | €45,237 | +€22,302 | +97.2% |
| Amounts payable within one year | 42/48 | €22,934 | €45,237 | +€22,302 | +97.2% |
| Trade debts | 44 | - | €6,615 | +€6,615 | |
| Suppliers | 440/4 | - | €6,615 | +€6,615 | |
| Taxes, remuneration and social security | 45 | €13,556 | €12,526 | -€1,030 | -7.6% |
| Taxes | 450/3 | €10,907 | €9,415 | -€1,493 | -13.7% |
| Remuneration and social security | 454/9 | €2,648 | €3,111 | +€463 | +17.5% |
| Other amounts payable | 47/48 | €9,378 | €26,096 | +€16,718 | +178% |
| Other operating charges | 640/8 | €487 | €519 | +€32 | +6.5% |
| Gross operating margin | 9900 | €13,911 | €16,147 | +€2,236 | +16.1% |
| Operating profit (loss) | 9901 | €13,424 | €15,628 | +€2,205 | +16.4% |
| Financial charges | 65/66B | €223 | €715 | +€492 | +220% |
| Recurring financial charges | 65 | €223 | €715 | +€492 | +220% |
| Profit (loss) for the period before taxes | 9903 | €13,201 | €14,913 | +€1,713 | +13.0% |
| Income taxes | 67/77 | €3,325 | €4,868 | +€1,544 | +46.4% |
| Profit (loss) for the period | 9904 | €9,876 | €10,045 | +€169 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,876 | €10,045 | +€169 | +1.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.