AK SMART: 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 SMART
Largest movements
- Tangible fixed assets +€30,411
up €30,411 (+596.2%), from €5,100 to €35,512
- Receivables within one year +€12,117
up €12,117 (+1526.3%), from €794 to €12,911
of which Other amounts receivable: +€10,625
- Cash +€5,266
up €5,266 (+50.5%), from €10,431 to €15,698
mainly Net result for the year (+€46,540) and Depreciation (+€3,857)
- Profit (loss) carried forward +€46,540
up €46,540 (+458.5%), from €10,150 to €56,690
- Tax, wage and social debts +€2,150
new in 2025: €2,150
- Turnover +€217,170
up €217,170 (+835.7%), from €25,988 to €243,158
- Purchases and services +€188,571
up €188,571 (+1295.4%), from €14,557 to €203,129
- Gross operating margin +€46,106
up €46,106 (+403.4%), from €11,430 to €57,536
- Other operating charges +€4,046
up €4,046 (+997.1%), from €406 to €4,451
- Depreciation +€3,128
up €3,128 (+428.7%), from €730 to €3,857
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 | €16,326 | €64,646 | +€48,320 | +296.0% |
| Fixed assets | 21/28 | €5,100 | €35,512 | +€30,411 | +596.2% |
| Tangible fixed assets | 22/27 | €5,100 | €35,512 | +€30,411 | +596.2% |
| Furniture and vehicles | 24 | €5,100 | €35,512 | +€30,411 | +596.2% |
| Current assets | 29/58 | €11,225 | €29,135 | +€17,909 | +159.5% |
| Amounts receivable within one year | 40/41 | €794 | €12,911 | +€12,117 | +1526.3% |
| Trade receivables | 40 | €626 | €2,118 | +€1,492 | +238.2% |
| Other amounts receivable | 41 | €168 | €10,793 | +€10,625 | +6338.8% |
| Cash at bank and in hand | 54/58 | €10,431 | €15,698 | +€5,266 | +50.5% |
| Deferred charges and accrued income | 490/1 | - | €526 | +€526 | |
| Total equity and liabilities | 10/49 | €16,326 | €64,646 | +€48,320 | +296.0% |
| Equity | 10/15 | €15,150 | €61,690 | +€46,540 | +307.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,150 | €56,690 | +€46,540 | +458.5% |
| Amounts payable | 17/49 | €1,176 | €2,956 | +€1,780 | +151.3% |
| Amounts payable within one year | 42/48 | €1,176 | €2,956 | +€1,780 | +151.3% |
| Trade debts | 44 | €77 | - | -€77 | |
| Suppliers | 440/4 | €77 | - | -€77 | |
| Taxes, remuneration and social security | 45 | - | €2,150 | +€2,150 | |
| Taxes | 450/3 | - | €2,150 | +€2,150 | |
| Other amounts payable | 47/48 | €1,099 | €806 | -€293 | -26.7% |
| Turnover | 70 | €25,988 | €243,158 | +€217,170 | +835.7% |
| Non-recurring operating income | 76A | - | €17,508 | +€17,508 | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,557 | €203,129 | +€188,571 | +1295.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €3,857 | +€3,128 | +428.7% |
| Other operating charges | 640/8 | €406 | €4,451 | +€4,046 | +997.1% |
| Gross operating margin | 9900 | €11,430 | €57,536 | +€46,106 | +403.4% |
| Operating profit (loss) | 9901 | €10,295 | €49,228 | +€38,933 | +378.2% |
| Financial charges | 65/66B | €145 | €150 | +€5 | +3.3% |
| Recurring financial charges | 65 | €145 | €150 | +€5 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €10,150 | €49,078 | +€38,928 | +383.5% |
| Income taxes | 67/77 | - | €2,537 | +€2,537 | |
| Profit (loss) for the period | 9904 | €10,150 | €46,540 | +€36,391 | +358.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,150 | €46,540 | +€36,391 | +358.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.