AKATON: 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.
AKATON
Largest movements
- Financial fixed assets +€228,913
up €228,913 (+114.5%), from €200,000 to €428,913
- Tangible fixed assets -€51,327
down €51,327 (-5.1%), from €1.0m to €958,360
of which Land and buildings: -€42,885
- Cash -€50,719
down €50,719 (-76.3%), from €66,459 to €15,739
mainly Investment in fixed assets (net) (-€233,495) and Debts after one year (-€85,423)
- Other debts +€211,115
up €211,115 (+193.5%), from €109,117 to €320,232
- Debts after one year -€85,423
down €85,423 (-18.8%), from €453,584 to €368,161
- Reserves +€51,133
up €51,133 (+10.0%), from €508,983 to €560,115
of which Distributable reserves: +€25,873
- Short-term financial debts -€36,894
down €36,894 (-95.7%), from €38,550 to €1,656
- Tax, wage and social debts -€23,163
down €23,163 (-25.4%), from €91,145 to €67,982
- Gross operating margin -€127,236
down €127,236 (-45.3%), from €280,579 to €153,342
- Taxes -€39,175
down €39,175 (-63.3%), from €61,840 to €22,665
- Financial charges +€15,645
up €15,645 (+145.3%), from €10,764 to €26,408
- Depreciation -€6,781
down €6,781 (-11.6%), from €58,261 to €51,480
- Other operating charges -€3,233
down €3,233 (-41.5%), from €7,789 to €4,556
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 | €1,310,576 | €1,436,823 | +€126,247 | +9.6% |
| Fixed assets | 21/28 | €1,209,687 | €1,391,702 | +€182,015 | +15.0% |
| Intangible fixed assets | 21 | - | €4,429 | +€4,429 | |
| Tangible fixed assets | 22/27 | €1,009,687 | €958,360 | -€51,327 | -5.1% |
| Land and buildings | 22 | €930,045 | €887,160 | -€42,885 | -4.6% |
| Plant, machinery and equipment | 23 | €76,156 | €70,931 | -€5,225 | -6.9% |
| Furniture and vehicles | 24 | €3,486 | €270 | -€3,216 | -92.3% |
| Financial fixed assets | 28 | €200,000 | €428,913 | +€228,913 | +114.5% |
| Current assets | 29/58 | €100,889 | €45,121 | -€55,768 | -55.3% |
| Stocks and contracts in progress | 3 | €469 | €469 | = | 0.0% |
| Stocks | 30/36 | €469 | €469 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,977 | €22,636 | -€8,341 | -26.9% |
| Trade receivables | 40 | €27,745 | €22,636 | -€5,109 | -18.4% |
| Other amounts receivable | 41 | €3,232 | €0 | -€3,232 | -100.0% |
| Current investments | 50/53 | €850 | €1,126 | +€276 | +32.5% |
| Cash at bank and in hand | 54/58 | €66,459 | €15,739 | -€50,719 | -76.3% |
| Deferred charges and accrued income | 490/1 | €2,134 | €5,150 | +€3,016 | +141.3% |
| Total equity and liabilities | 10/49 | €1,310,576 | €1,436,823 | +€126,247 | +9.6% |
| Equity | 10/15 | €527,583 | €578,715 | +€51,133 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €508,983 | €560,115 | +€51,133 | +10.0% |
| Tax-exempt reserves | 132 | €104,066 | €129,326 | +€25,260 | +24.3% |
| Distributable reserves | 133 | €404,917 | €430,790 | +€25,873 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €782,994 | €858,108 | +€75,114 | +9.6% |
| Amounts payable after more than one year | 17 | €453,584 | €368,161 | -€85,423 | -18.8% |
| Financial debts | 170/4 | €453,584 | €368,161 | -€85,423 | -18.8% |
| Amounts payable within one year | 42/48 | €329,392 | €480,017 | +€150,625 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €83,041 | €85,423 | +€2,382 | +2.9% |
| Financial debts | 43 | €38,550 | €1,656 | -€36,894 | -95.7% |
| Credit institutions | 430/8 | €38,550 | €1,656 | -€36,894 | -95.7% |
| Trade debts | 44 | €7,539 | €4,724 | -€2,815 | -37.3% |
| Suppliers | 440/4 | €7,539 | €4,724 | -€2,815 | -37.3% |
| Taxes, remuneration and social security | 45 | €91,145 | €67,982 | -€23,163 | -25.4% |
| Taxes | 450/3 | €91,145 | €67,982 | -€23,163 | -25.4% |
| Other amounts payable | 47/48 | €109,117 | €320,232 | +€211,115 | +193.5% |
| Accrued charges and deferred income | 492/3 | €17 | €9,930 | +€9,912 | +57462.4% |
| Non-recurring operating income | 76A | €0 | €3,548 | +€3,548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,261 | €51,480 | -€6,781 | -11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,789 | €4,556 | -€3,233 | -41.5% |
| Gross operating margin | 9900 | €280,579 | €153,342 | -€127,236 | -45.3% |
| Operating profit (loss) | 9901 | €214,529 | €97,306 | -€117,222 | -54.6% |
| Financial income | 75/76B | €3,272 | €3,732 | +€461 | +14.1% |
| Recurring financial income | 75 | €3,272 | €3,732 | +€461 | +14.1% |
| Financial charges | 65/66B | €10,764 | €26,408 | +€15,645 | +145.3% |
| Recurring financial charges | 65 | €10,764 | €26,408 | +€15,645 | +145.3% |
| Profit (loss) for the period before taxes | 9903 | €207,037 | €74,631 | -€132,406 | -64.0% |
| Income taxes | 67/77 | €61,840 | €22,665 | -€39,175 | -63.3% |
| Profit (loss) for the period | 9904 | €145,197 | €51,966 | -€93,232 | -64.2% |
| Transfer to tax-exempt reserves | 689 | €71,570 | €25,260 | -€46,310 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,627 | €26,706 | -€46,922 | -63.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.