AKAY: 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.
AKAY
Largest movements
- Receivables within one year -€122,365
down €122,365 (-85.5%), from €143,111 to €20,746
- Tangible fixed assets -€24,356
down €24,356 (-21.0%), from €116,052 to €91,696
of which Furniture and vehicles: -€24,568
- Cash +€22,160
up €22,160 (+364%), from €6,086 to €28,246
mainly Receivables within one year (+€122,365) and Depreciation (+€25,437)
- Deferred charges and accrued income +€3,635
new in 2025: €3,635
- Trade debts -€117,402
down €117,402 (-89.1%), from €131,756 to €14,354
- Debts after one year -€7,390
down €7,390 (-34.0%), from €21,752 to €14,362
- Depreciation +€20,981
up €20,981 (+471%), from €4,456 to €25,437
- Turnover +€8,908
up €8,908 (+2.8%), from €313,393 to €322,302
- Purchases and services +€5,797
up €5,797 (+2.0%), from €297,189 to €302,986
- Taxes -€3,990
down €3,990 (-61.4%), from €6,499 to €2,509
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 | €265,249 | €144,324 | -€120,925 | -45.6% |
| Fixed assets | 21/28 | €116,052 | €91,696 | -€24,356 | -21.0% |
| Tangible fixed assets | 22/27 | €116,052 | €91,696 | -€24,356 | -21.0% |
| Plant, machinery and equipment | 23 | €477 | €690 | +€212 | +44.5% |
| Furniture and vehicles | 24 | €115,575 | €91,007 | -€24,568 | -21.3% |
| Current assets | 29/58 | €149,197 | €52,628 | -€96,569 | -64.7% |
| Amounts receivable within one year | 40/41 | €143,111 | €20,746 | -€122,365 | -85.5% |
| Trade receivables | 40 | €143,111 | €20,746 | -€122,365 | -85.5% |
| Cash at bank and in hand | 54/58 | €6,086 | €28,246 | +€22,160 | +364% |
| Deferred charges and accrued income | 490/1 | - | €3,635 | +€3,635 | |
| Total equity and liabilities | 10/49 | €265,249 | €144,324 | -€120,925 | -45.6% |
| Equity | 10/15 | €59,671 | €61,762 | +€2,091 | +3.5% |
| Contributions | 10/11 | €7,783 | €7,783 | = | 0.0% |
| Contributions outside capital | 11 | €7,783 | €7,783 | = | 0.0% |
| Other | 1109/19 | €7,783 | €7,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,888 | €53,979 | +€2,091 | +4.0% |
| Amounts payable | 17/49 | €205,578 | €82,562 | -€123,016 | -59.8% |
| Amounts payable after more than one year | 17 | €21,752 | €14,362 | -€7,390 | -34.0% |
| Financial debts | 170/4 | €21,752 | €14,362 | -€7,390 | -34.0% |
| Amounts payable within one year | 42/48 | €183,826 | €68,200 | -€115,625 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €7,094 | €7,390 | +€297 | +4.2% |
| Trade debts | 44 | €131,756 | €14,354 | -€117,402 | -89.1% |
| Suppliers | 440/4 | €131,756 | €14,354 | -€117,402 | -89.1% |
| Taxes, remuneration and social security | 45 | €14,124 | €15,603 | +€1,480 | +10.5% |
| Taxes | 450/3 | €12,223 | €13,590 | +€1,367 | +11.2% |
| Remuneration and social security | 454/9 | €1,901 | €2,013 | +€113 | +5.9% |
| Other amounts payable | 47/48 | €30,852 | €30,852 | = | 0.0% |
| Turnover | 70 | €313,393 | €322,302 | +€8,908 | +2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €297,189 | €302,986 | +€5,797 | +2.0% |
| Remuneration, social security and pensions | 62 | €2,254 | €45 | -€2,209 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,456 | €25,437 | +€20,981 | +471% |
| Other operating charges | 640/8 | €710 | €2,815 | +€2,105 | +297% |
| Operating charges capitalised as restructuring costs | 649 | - | -€934 | -€934 | |
| Gross operating margin | 9900 | €32,759 | €35,921 | +€3,161 | +9.6% |
| Operating profit (loss) | 9901 | €25,339 | €8,558 | -€16,781 | -66.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €5,265 | €3,962 | -€1,303 | -24.7% |
| Recurring financial charges | 65 | €5,265 | €3,962 | -€1,303 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €20,074 | €4,599 | -€15,475 | -77.1% |
| Income taxes | 67/77 | €6,499 | €2,509 | -€3,990 | -61.4% |
| Profit (loss) for the period | 9904 | €13,575 | €2,091 | -€11,485 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,575 | €2,091 | -€11,485 | -84.6% |
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.