AK Projects: 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 Projects
Largest movements
- Receivables within one year +€54,219
up €54,219 (+97.9%), from €55,357 to €109,575
of which Trade receivables: +€53,709
- Cash -€9,648
no longer reported in 2024 (was €9,648)
mainly Receivables within one year (-€54,219) and Tax, wage and social debts (-€17,255)
- Tangible fixed assets -€2,223
down €2,223 (-29.8%), from €7,454 to €5,230
of which Furniture and vehicles: -€1,220
- Other debts +€34,114
up €34,114 (+231%), from €14,744 to €48,858
- Advances received +€32,000
new in 2024: €32,000
- Tax, wage and social debts -€17,255
down €17,255 (-64.4%), from €26,794 to €9,540
of which Taxes: -€12,389
- Trade debts -€14,873
down €14,873 (-67.2%), from €22,147 to €7,275
- Profit (loss) carried forward +€8,887
up €8,887 (+10.5%), from €84,546 to €93,433
- Gross operating margin -€129,420
down €129,420 (-66.9%), from €193,504 to €64,084
- Staff costs -€28,944
down €28,944 (-36.9%), from €78,365 to €49,421
- Taxes -€19,318
down €19,318 (-88.1%), from €21,929 to €2,611
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,032 | €191,905 | +€42,874 | +28.8% |
| Fixed assets | 21/28 | €7,454 | €5,230 | -€2,223 | -29.8% |
| Tangible fixed assets | 22/27 | €7,454 | €5,230 | -€2,223 | -29.8% |
| Plant, machinery and equipment | 23 | €2,300 | €1,296 | -€1,003 | -43.6% |
| Furniture and vehicles | 24 | €5,154 | €3,934 | -€1,220 | -23.7% |
| Current assets | 29/58 | €141,578 | €186,675 | +€45,097 | +31.9% |
| Amounts receivable after more than one year | 29 | €76,500 | €77,100 | +€600 | +0.8% |
| Trade receivables | 290 | €76,500 | €77,100 | +€600 | +0.8% |
| Amounts receivable within one year | 40/41 | €55,357 | €109,575 | +€54,219 | +97.9% |
| Trade receivables | 40 | €51,499 | €105,208 | +€53,709 | +104% |
| Other amounts receivable | 41 | €3,858 | €4,367 | +€509 | +13.2% |
| Cash at bank and in hand | 54/58 | €9,648 | - | -€9,648 | |
| Deferred charges and accrued income | 490/1 | €73 | - | -€73 | |
| Total equity and liabilities | 10/49 | €149,032 | €191,905 | +€42,874 | +28.8% |
| Equity | 10/15 | €85,346 | €94,233 | +€8,887 | +10.4% |
| Contributions | 10/11 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,546 | €93,433 | +€8,887 | +10.5% |
| Amounts payable | 17/49 | €63,685 | €97,672 | +€33,987 | +53.4% |
| Amounts payable within one year | 42/48 | €63,685 | €97,672 | +€33,987 | +53.4% |
| Trade debts | 44 | €22,147 | €7,275 | -€14,873 | -67.2% |
| Suppliers | 440/4 | €22,147 | €7,275 | -€14,873 | -67.2% |
| Advances received on contracts in progress | 46 | - | €32,000 | +€32,000 | |
| Taxes, remuneration and social security | 45 | €26,794 | €9,540 | -€17,255 | -64.4% |
| Taxes | 450/3 | €21,929 | €9,540 | -€12,389 | -56.5% |
| Remuneration and social security | 454/9 | €4,866 | - | -€4,866 | |
| Other amounts payable | 47/48 | €14,744 | €48,858 | +€34,114 | +231% |
| Non-recurring operating income | 76A | €6,457 | - | -€6,457 | |
| Remuneration, social security and pensions | 62 | €78,365 | €49,421 | -€28,944 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €2,223 | +€567 | +34.2% |
| Other operating charges | 640/8 | €1,056 | €272 | -€785 | -74.3% |
| Non-recurring operating charges | 66A | €5,892 | - | -€5,892 | |
| Gross operating margin | 9900 | €193,504 | €64,084 | -€129,420 | -66.9% |
| Operating profit (loss) | 9901 | €106,535 | €12,169 | -€94,366 | -88.6% |
| Financial income | 75/76B | €4 | €17 | +€13 | +346% |
| Recurring financial income | 75 | €4 | €17 | +€13 | +346% |
| Financial charges | 65/66B | €64 | €688 | +€624 | +978% |
| Recurring financial charges | 65 | €64 | €688 | +€624 | +978% |
| Profit (loss) for the period before taxes | 9903 | €106,475 | €11,498 | -€94,977 | -89.2% |
| Income taxes | 67/77 | €21,929 | €2,611 | -€19,318 | -88.1% |
| Profit (loss) for the period | 9904 | €84,546 | €8,887 | -€75,659 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,546 | €8,887 | -€75,659 | -89.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.