AK RETAIL: what changed
Two fiscal 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 RETAIL
Largest movements
- Tangible fixed assets +€21,631
up €21,631 (+16.4%), from €131,726 to €153,357
of which Furniture and vehicles: +€37,987
- Stocks and contracts +€12,849
up €12,849 (+11.9%), from €108,214 to €121,063
- Cash -€10,718
down €10,718 (-37.4%), from €28,693 to €17,975
mainly Investment in fixed assets (net) (-€53,389) and Other debts (-€45,549)
- Deferred charges and accrued income +€5,371
up €5,371 (+119.8%), from €4,483 to €9,854
- Trade debts +€110,879
up €110,879 (+83.7%), from €132,482 to €243,361
- Other debts -€45,549
down €45,549 (-67.2%), from €67,752 to €22,203
- Debts after one year -€15,622
down €15,622 (-27.6%), from €56,681 to €41,059
- Tax, wage and social debts -€9,500
down €9,500 (-34.5%), from €27,577 to €18,076
of which Remuneration and social security: -€9,599
- Profit (loss) carried forward -€9,467
down €9,467 (-17.2%), from -€55,122 to -€64,589
- Gross operating margin +€21,912
up €21,912 (+15.4%), from €141,886 to €163,798
- Other operating charges -€15,453
down €15,453 (-94.9%), from €16,280 to €827
- Staff costs -€10,182
down €10,182 (-7.8%), from €130,700 to €120,518
- Depreciation +€6,004
up €6,004 (+23.3%), from €25,755 to €31,758
- Financial charges +€1,777
up €1,777 (+11.6%), from €15,357 to €17,134
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 | €283,640 | €310,732 | +€27,092 | +9.6% |
| Fixed assets | 21/28 | €133,226 | €154,857 | +€21,631 | +16.2% |
| Tangible fixed assets | 22/27 | €131,726 | €153,357 | +€21,631 | +16.4% |
| Plant, machinery and equipment | 23 | €43,939 | €44,042 | +€104 | +0.2% |
| Furniture and vehicles | 24 | €718 | €38,705 | +€37,987 | +5288.7% |
| Other tangible fixed assets | 26 | €87,069 | €70,609 | -€16,459 | -18.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €150,415 | €155,876 | +€5,461 | +3.6% |
| Stocks and contracts in progress | 3 | €108,214 | €121,063 | +€12,849 | +11.9% |
| Stocks | 30/36 | €108,214 | €121,063 | +€12,849 | +11.9% |
| Amounts receivable within one year | 40/41 | €9,024 | €6,983 | -€2,041 | -22.6% |
| Trade receivables | 40 | €2,850 | €3,981 | +€1,131 | +39.7% |
| Other amounts receivable | 41 | €6,174 | €3,002 | -€3,172 | -51.4% |
| Cash at bank and in hand | 54/58 | €28,693 | €17,975 | -€10,718 | -37.4% |
| Deferred charges and accrued income | 490/1 | €4,483 | €9,854 | +€5,371 | +119.8% |
| Total equity and liabilities | 10/49 | €283,640 | €310,732 | +€27,092 | +9.6% |
| Equity | 10/15 | -€20,122 | -€29,589 | -€9,467 | -47.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,122 | -€64,589 | -€9,467 | -17.2% |
| Amounts payable | 17/49 | €303,763 | €340,321 | +€36,559 | +12.0% |
| Amounts payable after more than one year | 17 | €56,681 | €41,059 | -€15,622 | -27.6% |
| Financial debts | 170/4 | €56,681 | €41,059 | -€15,622 | -27.6% |
| Amounts payable within one year | 42/48 | €247,082 | €299,263 | +€52,181 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €19,271 | €15,622 | -€3,649 | -18.9% |
| Trade debts | 44 | €132,482 | €243,361 | +€110,879 | +83.7% |
| Suppliers | 440/4 | €132,482 | €243,361 | +€110,879 | +83.7% |
| Taxes, remuneration and social security | 45 | €27,577 | €18,076 | -€9,500 | -34.5% |
| Taxes | 450/3 | €0 | €98 | +€98 | |
| Remuneration and social security | 454/9 | €27,577 | €17,978 | -€9,599 | -34.8% |
| Other amounts payable | 47/48 | €67,752 | €22,203 | -€45,549 | -67.2% |
| Non-recurring operating income | 76A | €128 | €1,162 | +€1,034 | +810.3% |
| Remuneration, social security and pensions | 62 | €130,700 | €120,518 | -€10,182 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,755 | €31,758 | +€6,004 | +23.3% |
| Other operating charges | 640/8 | €16,280 | €827 | -€15,453 | -94.9% |
| Non-recurring operating charges | 66A | €7,637 | €2,936 | -€4,701 | -61.6% |
| Gross operating margin | 9900 | €141,886 | €163,798 | +€21,912 | +15.4% |
| Operating profit (loss) | 9901 | -€38,486 | €7,758 | +€46,244 | |
| Financial income | 75/76B | €0 | €8 | +€8 | +19775.0% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +19775.0% |
| Financial charges | 65/66B | €15,357 | €17,134 | +€1,777 | +11.6% |
| Recurring financial charges | 65 | €15,357 | €17,134 | +€1,777 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,843 | -€9,368 | +€44,475 | +82.6% |
| Income taxes | 67/77 | €5 | €98 | +€93 | +1703.3% |
| Profit (loss) for the period | 9904 | -€53,848 | -€9,467 | +€44,382 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,848 | -€9,467 | +€44,382 | +82.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.