AKBG: 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.
AKBG
Largest movements
- Tangible fixed assets +€15,084
up €15,084 (+71.5%), from €21,098 to €36,182
of which Other tangible fixed assets: +€17,074
- Deferred charges and accrued income +€3,978
new in 2025: €3,978
- Cash -€2,941
down €2,941 (-23.9%), from €12,295 to €9,354
mainly Investment in fixed assets (net) (-€19,837) and Other debts (-€6,830)
- Receivables within one year -€942
down €942 (-7.5%), from €12,630 to €11,688
of which Other amounts receivable: -€1,292
- Reserves +€22,664
up €22,664 (+104.0%), from €21,800 to €44,464
- Other debts -€6,830
down €6,830 (-97.5%), from €7,003 to €173
- Trade debts -€4,527
down €4,527 (-73.0%), from €6,201 to €1,674
- Tax, wage and social debts +€3,978
up €3,978 (+67.3%), from €5,913 to €9,891
- Gross operating margin +€13,696
up €13,696 (+58.5%), from €23,417 to €37,113
- Depreciation +€2,031
up €2,031 (+74.6%), from €2,723 to €4,754
- Taxes +€1,698
up €1,698 (+32.6%), from €5,208 to €6,906
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 | €46,023 | €61,202 | +€15,179 | +33.0% |
| Fixed assets | 21/28 | €21,098 | €36,182 | +€15,084 | +71.5% |
| Tangible fixed assets | 22/27 | €21,098 | €36,182 | +€15,084 | +71.5% |
| Furniture and vehicles | 24 | €11,802 | €9,812 | -€1,990 | -16.9% |
| Other tangible fixed assets | 26 | €9,296 | €26,370 | +€17,074 | +183.7% |
| Current assets | 29/58 | €24,925 | €25,020 | +€95 | +0.4% |
| Amounts receivable within one year | 40/41 | €12,630 | €11,688 | -€942 | -7.5% |
| Trade receivables | 40 | €11,338 | €11,688 | +€350 | +3.1% |
| Other amounts receivable | 41 | €1,292 | - | -€1,292 | |
| Cash at bank and in hand | 54/58 | €12,295 | €9,354 | -€2,941 | -23.9% |
| Deferred charges and accrued income | 490/1 | - | €3,978 | +€3,978 | |
| Total equity and liabilities | 10/49 | €46,023 | €61,202 | +€15,179 | +33.0% |
| Equity | 10/15 | €26,907 | €49,464 | +€22,557 | +83.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,800 | €44,464 | +€22,664 | +104.0% |
| Distributable reserves | 133 | €21,800 | €44,464 | +€22,664 | +104.0% |
| Profit (loss) carried forward | 14 | €107 | - | -€107 | |
| Amounts payable | 17/49 | €19,117 | €11,738 | -€7,379 | -38.6% |
| Amounts payable within one year | 42/48 | €19,117 | €11,738 | -€7,379 | -38.6% |
| Trade debts | 44 | €6,201 | €1,674 | -€4,527 | -73.0% |
| Suppliers | 440/4 | €6,201 | €1,674 | -€4,527 | -73.0% |
| Taxes, remuneration and social security | 45 | €5,913 | €9,891 | +€3,978 | +67.3% |
| Taxes | 450/3 | €5,913 | €9,891 | +€3,978 | +67.3% |
| Other amounts payable | 47/48 | €7,003 | €173 | -€6,830 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,723 | €4,754 | +€2,031 | +74.6% |
| Other operating charges | 640/8 | €2,149 | €1,888 | -€262 | -12.2% |
| Non-recurring operating charges | 66A | €2,560 | - | -€2,560 | |
| Gross operating margin | 9900 | €23,417 | €37,113 | +€13,696 | +58.5% |
| Operating profit (loss) | 9901 | €15,985 | €30,472 | +€14,487 | +90.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €944 | €1,008 | +€64 | +6.8% |
| Recurring financial charges | 65 | €944 | €1,008 | +€64 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €15,041 | €29,463 | +€14,423 | +95.9% |
| Income taxes | 67/77 | €5,208 | €6,906 | +€1,698 | +32.6% |
| Profit (loss) for the period | 9904 | €9,833 | €22,557 | +€12,724 | +129.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,833 | €22,557 | +€12,724 | +129.4% |
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 5 October 2026 via checked.be.