AK PUBLIC AFFAIRS: what changed
AK PUBLIC AFFAIRS
Largest movements
- Cash -€128,023
down €128,023 (-27.3%), from €468,177 to €340,154
mainly Contributions, distributions and other (-€866,593) and Receivables within one year (-€67,139)
- Receivables within one year +€67,139
up €67,139 (+67.3%), from €99,757 to €166,896
of which Trade receivables: +€61,791
- Financial fixed assets -€15,340
down €15,340 (-63.5%), from €24,140 to €8,800
- Deferred charges and accrued income +€7,321
up €7,321 (+111%), from €6,603 to €13,923
- Profit (loss) carried forward -€429,123
down €429,123 (-100%), from €429,123 to €0
- Other debts +€426,469
up €426,469 (+3,877%), from €11,000 to €437,469
- Tax, wage and social debts -€57,638
down €57,638 (-35.4%), from €163,001 to €105,363
of which Taxes: -€54,288
- Trade debts -€11,969
down €11,969 (-39.4%), from €30,382 to €18,413
- Accrued charges and deferred income +€6,677
up €6,677 (+292%), from €2,290 to €8,967
- Gross operating margin +€525,912
up €525,912 (+81.4%), from €645,924 to €1.2m
- Staff costs +€191,692
up €191,692 (+52.0%), from €368,511 to €560,203
- Taxes +€78,178
up €78,178 (+117%), from €66,840 to €145,018
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €655,797 | €590,213 | -€65,584 | -10.0% |
| Fixed assets | 21/28 | €81,260 | €69,239 | -€12,021 | -14.8% |
| Tangible fixed assets | 22/27 | €57,120 | €60,439 | +€3,319 | +5.8% |
| Plant, machinery and equipment | 23 | €4,233 | €3,371 | -€862 | -20.4% |
| Furniture and vehicles | 24 | €42,098 | €48,488 | +€6,390 | +15.2% |
| Other tangible fixed assets | 26 | €10,789 | €8,579 | -€2,210 | -20.5% |
| Financial fixed assets | 28 | €24,140 | €8,800 | -€15,340 | -63.5% |
| Current assets | 29/58 | €574,537 | €520,974 | -€53,563 | -9.3% |
| Amounts receivable within one year | 40/41 | €99,757 | €166,896 | +€67,139 | +67.3% |
| Trade receivables | 40 | €70,063 | €131,854 | +€61,791 | +88.2% |
| Other amounts receivable | 41 | €29,694 | €35,042 | +€5,348 | +18.0% |
| Cash at bank and in hand | 54/58 | €468,177 | €340,154 | -€128,023 | -27.3% |
| Deferred charges and accrued income | 490/1 | €6,603 | €13,923 | +€7,321 | +111% |
| Total equity and liabilities | 10/49 | €655,797 | €590,213 | -€65,584 | -10.0% |
| Equity | 10/15 | €449,123 | €20,000 | -€429,123 | -95.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €429,123 | €0 | -€429,123 | -100% |
| Amounts payable | 17/49 | €206,673 | €570,213 | +€363,539 | +176% |
| Amounts payable within one year | 42/48 | €204,383 | €561,246 | +€356,862 | +175% |
| Trade debts | 44 | €30,382 | €18,413 | -€11,969 | -39.4% |
| Suppliers | 440/4 | €30,382 | €18,413 | -€11,969 | -39.4% |
| Taxes, remuneration and social security | 45 | €163,001 | €105,363 | -€57,638 | -35.4% |
| Taxes | 450/3 | €123,450 | €69,162 | -€54,288 | -44.0% |
| Remuneration and social security | 454/9 | €39,551 | €36,201 | -€3,350 | -8.5% |
| Other amounts payable | 47/48 | €11,000 | €437,469 | +€426,469 | +3,877% |
| Accrued charges and deferred income | 492/3 | €2,290 | €8,967 | +€6,677 | +292% |
| Remuneration, social security and pensions | 62 | €368,511 | €560,203 | +€191,692 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,818 | €17,379 | +€10,561 | +155% |
| Other operating charges | 640/8 | €547 | €501 | -€46 | -8.4% |
| Gross operating margin | 9900 | €645,924 | €1,171,836 | +€525,912 | +81.4% |
| Operating profit (loss) | 9901 | €270,048 | €593,753 | +€323,705 | +120% |
| Financial income | 75/76B | €2,464 | €0 | -€2,464 | -100% |
| Recurring financial income | 75 | €2,464 | €0 | -€2,464 | -100% |
| Financial charges | 65/66B | €1,140 | €11,265 | +€10,126 | +889% |
| Recurring financial charges | 65 | €1,140 | €11,265 | +€10,126 | +889% |
| Profit (loss) for the period before taxes | 9903 | €271,372 | €582,488 | +€311,115 | +115% |
| Income taxes | 67/77 | €66,840 | €145,018 | +€78,178 | +117% |
| Profit (loss) for the period | 9904 | €204,533 | €437,469 | +€232,937 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €204,533 | €437,469 | +€232,937 | +114% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.