AKCo: 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.
AKCo
Largest movements
- Cash -€273,837
down €273,837 (-87.0%), from €314,751 to €40,914
mainly Other debts (-€146,735) and Receivables within one year (-€104,391)
- Receivables within one year +€104,391
up €104,391 (+318.4%), from €32,789 to €137,180
of which Other amounts receivable: +€62,483
- Receivables after one year +€90,260
up €90,260 (+240.7%), from €37,500 to €127,760
- Tangible fixed assets -€22,453
down €22,453 (-46.8%), from €47,982 to €25,530
of which Furniture and vehicles: -€19,016
- Other debts -€146,735
down €146,735 (-86.6%), from €169,403 to €22,668
- Profit (loss) carried forward +€30,262
up €30,262 (+13.1%), from €230,593 to €260,856
- Tax, wage and social debts -€21,688
down €21,688 (-75.0%), from €28,901 to €7,213
of which Taxes: -€19,964
- Trade debts +€20,145
up €20,145 (+610.1%), from €3,302 to €23,447
- Short-term financial debts +€16,294
up €16,294 (+943.3%), from €1,727 to €18,022
- Gross operating margin -€95,757
down €95,757 (-60.3%), from €158,719 to €62,962
- Taxes -€20,371
down €20,371 (-61.7%), from €33,004 to €12,634
- Depreciation -€2,775
down €2,775 (-13.3%), from €20,814 to €18,039
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 | €438,927 | €337,204 | -€101,722 | -23.2% |
| Fixed assets | 21/28 | €50,725 | €29,180 | -€21,546 | -42.5% |
| Intangible fixed assets | 21 | €2,743 | €2,400 | -€343 | -12.5% |
| Tangible fixed assets | 22/27 | €47,982 | €25,530 | -€22,453 | -46.8% |
| Plant, machinery and equipment | 23 | €7,448 | €4,012 | -€3,436 | -46.1% |
| Furniture and vehicles | 24 | €40,534 | €21,518 | -€19,016 | -46.9% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €388,201 | €308,025 | -€80,177 | -20.7% |
| Amounts receivable after more than one year | 29 | €37,500 | €127,760 | +€90,260 | +240.7% |
| Other amounts receivable | 291 | €37,500 | €127,760 | +€90,260 | +240.7% |
| Amounts receivable within one year | 40/41 | €32,789 | €137,180 | +€104,391 | +318.4% |
| Trade receivables | 40 | €32,789 | €74,697 | +€41,908 | +127.8% |
| Other amounts receivable | 41 | - | €62,483 | +€62,483 | |
| Cash at bank and in hand | 54/58 | €314,751 | €40,914 | -€273,837 | -87.0% |
| Deferred charges and accrued income | 490/1 | €3,161 | €2,171 | -€990 | -31.3% |
| Total equity and liabilities | 10/49 | €438,927 | €337,204 | -€101,722 | -23.2% |
| Equity | 10/15 | €235,593 | €265,856 | +€30,262 | +12.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,593 | €260,856 | +€30,262 | +13.1% |
| Amounts payable | 17/49 | €203,333 | €71,349 | -€131,984 | -64.9% |
| Amounts payable within one year | 42/48 | €203,333 | €71,349 | -€131,984 | -64.9% |
| Financial debts | 43 | €1,727 | €18,022 | +€16,294 | +943.3% |
| Credit institutions | 430/8 | €1,727 | €18,022 | +€16,294 | +943.3% |
| Trade debts | 44 | €3,302 | €23,447 | +€20,145 | +610.1% |
| Suppliers | 440/4 | €3,302 | €23,447 | +€20,145 | +610.1% |
| Taxes, remuneration and social security | 45 | €28,901 | €7,213 | -€21,688 | -75.0% |
| Taxes | 450/3 | €27,176 | €7,213 | -€19,964 | -73.5% |
| Remuneration and social security | 454/9 | €1,724 | - | -€1,724 | |
| Other amounts payable | 47/48 | €169,403 | €22,668 | -€146,735 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,814 | €18,039 | -€2,775 | -13.3% |
| Other operating charges | 640/8 | €635 | €1,341 | +€705 | +111.0% |
| Non-recurring operating charges | 66A | - | €510 | +€510 | |
| Gross operating margin | 9900 | €158,719 | €62,962 | -€95,757 | -60.3% |
| Operating profit (loss) | 9901 | €137,270 | €43,073 | -€94,197 | -68.6% |
| Financial income | 75/76B | €35 | €17 | -€18 | -51.3% |
| Recurring financial income | 75 | €35 | €17 | -€18 | -51.3% |
| Financial charges | 65/66B | €117 | €194 | +€77 | +65.9% |
| Recurring financial charges | 65 | €117 | €194 | +€77 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €137,188 | €42,896 | -€94,292 | -68.7% |
| Income taxes | 67/77 | €33,004 | €12,634 | -€20,371 | -61.7% |
| Profit (loss) for the period | 9904 | €104,183 | €30,262 | -€73,921 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,183 | €30,262 | -€73,921 | -71.0% |
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 8 October 2026 via checked.be.