Ak Star: 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 Star
Largest movements
- Receivables within one year +€80,880
up €80,880 (+2490.0%), from €3,248 to €84,128
of which Trade receivables: +€50,000
- Cash -€42,935
down €42,935 (-88.2%), from €48,674 to €5,739
mainly Receivables within one year (-€80,880) and Net result for the year (-€30,173)
- Receivables after one year -€37,712
down €37,712 (-16.7%), from €226,272 to €188,560
- Tangible fixed assets -€17,881
down €17,881 (-4.9%), from €361,496 to €343,615
of which Land and buildings: -€16,328
- Deferred charges and accrued income -€16,536
down €16,536 (-89.3%), from €18,521 to €1,985
- Profit (loss) carried forward -€30,173
down €30,173 (-70.7%), from -€42,690 to -€72,864
- Write-downs +€26,505
up €26,505 (+236.5%), from €11,207 to €37,712
- Gross operating margin -€20,464
down €20,464 (-21.7%), from €94,320 to €73,855
- Other operating charges -€5,059
down €5,059 (-24.4%), from €20,756 to €15,697
- Financial charges -€1,205
down €1,205 (-85.3%), from €1,413 to €208
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.
Cash bridge derived
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 | €658,575 | €624,390 | -€34,185 | -5.2% |
| Fixed assets | 21/28 | €361,859 | €343,978 | -€17,881 | -4.9% |
| Tangible fixed assets | 22/27 | €361,496 | €343,615 | -€17,881 | -4.9% |
| Land and buildings | 22 | €328,620 | €312,292 | -€16,328 | -5.0% |
| Plant, machinery and equipment | 23 | €32,876 | €31,323 | -€1,553 | -4.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €296,716 | €280,413 | -€16,303 | -5.5% |
| Amounts receivable after more than one year | 29 | €226,272 | €188,560 | -€37,712 | -16.7% |
| Other amounts receivable | 291 | €226,272 | €188,560 | -€37,712 | -16.7% |
| Amounts receivable within one year | 40/41 | €3,248 | €84,128 | +€80,880 | +2490.0% |
| Trade receivables | 40 | €0 | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €3,248 | €34,128 | +€30,880 | +950.7% |
| Cash at bank and in hand | 54/58 | €48,674 | €5,739 | -€42,935 | -88.2% |
| Deferred charges and accrued income | 490/1 | €18,521 | €1,985 | -€16,536 | -89.3% |
| Total equity and liabilities | 10/49 | €658,575 | €624,390 | -€34,185 | -5.2% |
| Equity | 10/15 | -€6,864 | -€37,037 | -€30,173 | -439.6% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Reserves | 13 | €1,122 | €1,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €95 | €95 | = | 0.0% |
| Reserves not available under the articles | 1311 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €1,026 | €1,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,690 | -€72,864 | -€30,173 | -70.7% |
| Amounts payable | 17/49 | €665,438 | €661,427 | -€4,011 | -0.6% |
| Amounts payable after more than one year | 17 | €651,567 | €653,399 | +€1,832 | +0.3% |
| Other amounts payable | 178/9 | €651,567 | €653,399 | +€1,832 | +0.3% |
| Amounts payable within one year | 42/48 | €13,493 | €8,028 | -€5,464 | -40.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,957 | €2,332 | -€5,625 | -70.7% |
| Suppliers | 440/4 | €7,957 | €2,332 | -€5,625 | -70.7% |
| Taxes, remuneration and social security | 45 | €5,536 | €5,696 | +€160 | +2.9% |
| Remuneration and social security | 454/9 | €5,536 | €5,696 | +€160 | +2.9% |
| Accrued charges and deferred income | 492/3 | €379 | €0 | -€379 | -100.0% |
| Remuneration, social security and pensions | 62 | €23,007 | €23,291 | +€284 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,964 | €27,521 | +€558 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,207 | €37,712 | +€26,505 | +236.5% |
| Other operating charges | 640/8 | €20,756 | €15,697 | -€5,059 | -24.4% |
| Gross operating margin | 9900 | €94,320 | €73,855 | -€20,464 | -21.7% |
| Operating profit (loss) | 9901 | €12,387 | -€30,365 | -€42,752 | |
| Financial income | 75/76B | €0 | €400 | +€400 | +443922.2% |
| Recurring financial income | 75 | €0 | €400 | +€400 | +443922.2% |
| Financial charges | 65/66B | €1,413 | €208 | -€1,205 | -85.3% |
| Recurring financial charges | 65 | €1,413 | €208 | -€1,205 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €10,974 | -€30,173 | -€41,148 | |
| Profit (loss) for the period | 9904 | €10,974 | -€30,173 | -€41,148 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,974 | -€30,173 | -€41,148 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.