AKABE: 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.
AKABE
Largest movements
- Current investments +€25,000
up €25,000 (+38.5%), from €65,000 to €90,000
- Receivables within one year -€12,928
down €12,928 (-89.2%), from €14,488 to €1,560
of which Trade receivables: -€13,161
- Deferred charges and accrued income +€5,170
up €5,170 (+50.1%), from €10,311 to €15,481
- Tangible fixed assets -€4,161
down €4,161 (-38.6%), from €10,774 to €6,614
of which Furniture and vehicles: -€2,164
- Reserves +€16,767
up €16,767 (+20.2%), from €83,160 to €99,927
- Debts after one year -€4,497
down €4,497 (-70.1%), from €6,411 to €1,914
- Tax, wage and social debts +€1,486
up €1,486 (+43.6%), from €3,406 to €4,892
- Gross operating margin +€11,393
up €11,393 (+48.0%), from €23,713 to €35,106
- Taxes +€3,020
up €3,020 (+72.1%), from €4,189 to €7,210
- Depreciation +€1,105
up €1,105 (+36.1%), from €3,056 to €4,161
- Financial charges +€918
up €918 (+24.9%), from €3,683 to €4,602
- Other operating charges -€609
down €609 (-22.1%), from €2,751 to €2,142
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.
Derived cash bridge
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 | €108,822 | €121,248 | +€12,426 | +11.4% |
| Fixed assets | 21/28 | €13,808 | €9,647 | -€4,161 | -30.1% |
| Tangible fixed assets | 22/27 | €10,774 | €6,614 | -€4,161 | -38.6% |
| Land and buildings | 22 | €4,017 | €2,460 | -€1,557 | -38.8% |
| Plant, machinery and equipment | 23 | €993 | €553 | -€440 | -44.3% |
| Furniture and vehicles | 24 | €5,764 | €3,600 | -€2,164 | -37.5% |
| Financial fixed assets | 28 | €3,033 | €3,033 | = | 0.0% |
| Current assets | 29/58 | €95,015 | €111,601 | +€16,587 | +17.5% |
| Amounts receivable within one year | 40/41 | €14,488 | €1,560 | -€12,928 | -89.2% |
| Trade receivables | 40 | €13,310 | €149 | -€13,161 | -98.9% |
| Other amounts receivable | 41 | €1,178 | €1,411 | +€233 | +19.8% |
| Current investments | 50/53 | €65,000 | €90,000 | +€25,000 | +38.5% |
| Cash at bank and in hand | 54/58 | €5,216 | €4,560 | -€656 | -12.6% |
| Deferred charges and accrued income | 490/1 | €10,311 | €15,481 | +€5,170 | +50.1% |
| Total equity and liabilities | 10/49 | €108,822 | €121,248 | +€12,426 | +11.4% |
| Equity | 10/15 | €89,360 | €106,127 | +€16,767 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,160 | €99,927 | +€16,767 | +20.2% |
| Distributable reserves | 133 | €83,160 | €99,927 | +€16,767 | +20.2% |
| Amounts payable | 17/49 | €19,462 | €15,121 | -€4,341 | -22.3% |
| Amounts payable after more than one year | 17 | €6,411 | €1,914 | -€4,497 | -70.1% |
| Financial debts | 170/4 | €6,411 | €1,914 | -€4,497 | -70.1% |
| Amounts payable within one year | 42/48 | €12,688 | €13,207 | +€519 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €5,577 | €5,709 | +€133 | +2.4% |
| Financial debts | 43 | €610 | - | -€610 | |
| Credit institutions | 430/8 | €610 | - | -€610 | |
| Trade debts | 44 | €1,057 | €1,762 | +€705 | +66.7% |
| Suppliers | 440/4 | €1,057 | €1,762 | +€705 | +66.7% |
| Taxes, remuneration and social security | 45 | €3,406 | €4,892 | +€1,486 | +43.6% |
| Taxes | 450/3 | €3,406 | €4,892 | +€1,486 | +43.6% |
| Other amounts payable | 47/48 | €2,040 | €844 | -€1,195 | -58.6% |
| Accrued charges and deferred income | 492/3 | €363 | - | -€363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,056 | €4,161 | +€1,105 | +36.1% |
| Other operating charges | 640/8 | €2,751 | €2,142 | -€609 | -22.1% |
| Non-recurring operating charges | 66A | €581 | - | -€581 | |
| Gross operating margin | 9900 | €23,713 | €35,106 | +€11,393 | +48.0% |
| Operating profit (loss) | 9901 | €17,325 | €28,804 | +€11,478 | +66.3% |
| Financial income | 75/76B | €742 | €619 | -€124 | -16.7% |
| Recurring financial income | 75 | €742 | €619 | -€124 | -16.7% |
| Financial charges | 65/66B | €3,683 | €4,602 | +€918 | +24.9% |
| Recurring financial charges | 65 | €3,683 | €4,602 | +€918 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €14,384 | €24,821 | +€10,436 | +72.6% |
| Income taxes | 67/77 | €4,189 | €7,210 | +€3,020 | +72.1% |
| Profit (loss) for the period | 9904 | €10,195 | €17,611 | +€7,416 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,195 | €17,611 | +€7,416 | +72.7% |
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 20 October 2026 via checked.be.