AKATR: 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.
AKATR
Largest movements
- Tangible fixed assets +€24,634
up €24,634 (+85.4%), from €28,853 to €53,487
of which Furniture and vehicles: +€22,557
- Cash +€11,673
up €11,673 (+49.6%), from €23,552 to €35,225
mainly Other debts (+€13,034) and Depreciation (+€12,978)
- Receivables within one year +€9,112
up €9,112 (+29.5%), from €30,901 to €40,013
of which Trade receivables: +€5,323
- Stocks and contracts +€2,906
up €2,906 (+20.0%), from €14,506 to €17,412
- Other debts +€13,034
up €13,034 (+125%), from €10,398 to €23,432
- Trade debts +€12,918
up €12,918 (+25.1%), from €51,471 to €64,389
- Debts after one year +€12,583
up €12,583 (+181%), from €6,967 to €19,550
- Tax, wage and social debts +€8,589
up €8,589 (+234%), from €3,672 to €12,261
of which Remuneration and social security: +€5,900
- Depreciation +€3,799
up €3,799 (+41.4%), from €9,179 to €12,978
- Gross operating margin -€3,627
down €3,627 (-20.0%), from €18,114 to €14,486
- Financial charges -€1,370
down €1,370 (-47.9%), from €2,858 to €1,488
- Other operating charges -€919
down €919 (-84.9%), from €1,081 to €163
- Taxes -€861
no longer reported in 2025 (was €861)
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 | €100,113 | €148,132 | +€48,019 | +48.0% |
| Fixed assets | 21/28 | €28,934 | €53,568 | +€24,634 | +85.1% |
| Tangible fixed assets | 22/27 | €28,853 | €53,487 | +€24,634 | +85.4% |
| Plant, machinery and equipment | 23 | €3,138 | €911 | -€2,227 | -71.0% |
| Furniture and vehicles | 24 | €1,338 | €23,895 | +€22,557 | +1,686% |
| Other tangible fixed assets | 26 | €24,378 | €28,681 | +€4,303 | +17.7% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €71,179 | €94,564 | +€23,385 | +32.9% |
| Stocks and contracts in progress | 3 | €14,506 | €17,412 | +€2,906 | +20.0% |
| Stocks | 30/36 | €14,506 | €17,412 | +€2,906 | +20.0% |
| Amounts receivable within one year | 40/41 | €30,901 | €40,013 | +€9,112 | +29.5% |
| Trade receivables | 40 | €22,917 | €28,241 | +€5,323 | +23.2% |
| Other amounts receivable | 41 | €7,984 | €11,772 | +€3,788 | +47.4% |
| Cash at bank and in hand | 54/58 | €23,552 | €35,225 | +€11,673 | +49.6% |
| Deferred charges and accrued income | 490/1 | €2,220 | €1,914 | -€306 | -13.8% |
| Total equity and liabilities | 10/49 | €100,113 | €148,132 | +€48,019 | +48.0% |
| Equity | 10/15 | €14,823 | €14,681 | -€143 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €603 | €603 | = | 0.0% |
| Non-distributable reserves | 130/1 | €603 | €603 | = | 0.0% |
| Legal reserve | 130 | €603 | €603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,379 | -€4,522 | -€143 | -3.3% |
| Amounts payable | 17/49 | €85,290 | €133,451 | +€48,161 | +56.5% |
| Amounts payable after more than one year | 17 | €6,967 | €19,550 | +€12,583 | +181% |
| Financial debts | 170/4 | €6,967 | €19,550 | +€12,583 | +181% |
| Amounts payable within one year | 42/48 | €78,322 | €113,901 | +€35,579 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €12,780 | €13,818 | +€1,037 | +8.1% |
| Trade debts | 44 | €51,471 | €64,389 | +€12,918 | +25.1% |
| Suppliers | 440/4 | €51,471 | €64,389 | +€12,918 | +25.1% |
| Taxes, remuneration and social security | 45 | €3,672 | €12,261 | +€8,589 | +234% |
| Taxes | 450/3 | €2,672 | €5,361 | +€2,689 | +101% |
| Remuneration and social security | 454/9 | €1,000 | €6,900 | +€5,900 | +590% |
| Other amounts payable | 47/48 | €10,398 | €23,432 | +€13,034 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,179 | €12,978 | +€3,799 | +41.4% |
| Other operating charges | 640/8 | €1,081 | €163 | -€919 | -84.9% |
| Gross operating margin | 9900 | €18,114 | €14,486 | -€3,627 | -20.0% |
| Operating profit (loss) | 9901 | €7,854 | €1,345 | -€6,508 | -82.9% |
| Financial charges | 65/66B | €2,858 | €1,488 | -€1,370 | -47.9% |
| Recurring financial charges | 65 | €2,858 | €1,488 | -€1,370 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €4,996 | -€143 | -€5,138 | |
| Income taxes | 67/77 | €861 | - | -€861 | |
| Profit (loss) for the period | 9904 | €4,135 | -€143 | -€4,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,135 | -€143 | -€4,278 |
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 14 October 2026 via checked.be.