Akdemir: 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.
Akdemir
Largest movements
- Tangible fixed assets +€143,220
up €143,220 (+2099.5%), from €6,822 to €150,042
of which Other tangible fixed assets: +€146,099
- Receivables within one year -€42,114
down €42,114 (-55.6%), from €75,736 to €33,622
of which Trade receivables: -€43,198
- Cash -€10,940
down €10,940 (-90.7%), from €12,064 to €1,125
mainly Investment in fixed assets (net) (-€158,015) and Tax, wage and social debts (-€1,728)
- Current investments -€3,033
down €3,033 (-10.8%), from €28,075 to €25,043
- Debts after one year +€69,163
up €69,163 (+823.3%), from €8,401 to €77,564
- Profit (loss) carried forward +€12,656
up €12,656 (+12.9%), from €98,380 to €111,035
- Current portion of long-term debt +€6,635
new in 2025: €6,635
- Gross operating margin -€18,019
down €18,019 (-31.3%), from €57,638 to €39,619
- Depreciation +€10,982
up €10,982 (+288.0%), from €3,813 to €14,795
- Taxes -€7,219
down €7,219 (-97.2%), from €7,424 to €205
- Financial charges +€6,492
up €6,492 (+245.2%), from €2,647 to €9,139
- Provisions +€1,209
new in 2025: €1,209
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 | €124,308 | €210,621 | +€86,312 | +69.4% |
| Fixed assets | 21/28 | €6,822 | €150,042 | +€143,220 | +2099.5% |
| Tangible fixed assets | 22/27 | €6,822 | €150,042 | +€143,220 | +2099.5% |
| Plant, machinery and equipment | 23 | €5,748 | €3,633 | -€2,114 | -36.8% |
| Furniture and vehicles | 24 | €1,074 | €310 | -€764 | -71.2% |
| Other tangible fixed assets | 26 | - | €146,099 | +€146,099 | |
| Current assets | 29/58 | €117,487 | €60,579 | -€56,908 | -48.4% |
| Amounts receivable within one year | 40/41 | €75,736 | €33,622 | -€42,114 | -55.6% |
| Trade receivables | 40 | €57,125 | €13,926 | -€43,198 | -75.6% |
| Other amounts receivable | 41 | €18,611 | €19,696 | +€1,085 | +5.8% |
| Current investments | 50/53 | €28,075 | €25,043 | -€3,033 | -10.8% |
| Cash at bank and in hand | 54/58 | €12,064 | €1,125 | -€10,940 | -90.7% |
| Deferred charges and accrued income | 490/1 | €1,612 | €790 | -€822 | -51.0% |
| Total equity and liabilities | 10/49 | €124,308 | €210,621 | +€86,312 | +69.4% |
| Equity | 10/15 | €101,380 | €114,035 | +€12,656 | +12.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,380 | €111,035 | +€12,656 | +12.9% |
| Amounts payable | 17/49 | €22,929 | €96,586 | +€73,657 | +321.2% |
| Amounts payable after more than one year | 17 | €8,401 | €77,564 | +€69,163 | +823.3% |
| Financial debts | 170/4 | €8,401 | €77,564 | +€69,163 | +823.3% |
| Amounts payable within one year | 42/48 | €14,528 | €19,022 | +€4,494 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,635 | +€6,635 | |
| Financial debts | 43 | €230 | €17 | -€213 | -92.5% |
| Credit institutions | 430/8 | €230 | €17 | -€213 | -92.5% |
| Trade debts | 44 | €410 | €259 | -€151 | -36.9% |
| Suppliers | 440/4 | €410 | €259 | -€151 | -36.9% |
| Taxes, remuneration and social security | 45 | €13,681 | €11,954 | -€1,728 | -12.6% |
| Taxes | 450/3 | €13,681 | €11,954 | -€1,728 | -12.6% |
| Other amounts payable | 47/48 | €206 | €157 | -€49 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,813 | €14,795 | +€10,982 | +288.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,209 | +€1,209 | |
| Other operating charges | 640/8 | €1,648 | €1,618 | -€30 | -1.8% |
| Gross operating margin | 9900 | €57,638 | €39,619 | -€18,019 | -31.3% |
| Operating profit (loss) | 9901 | €52,176 | €21,997 | -€30,179 | -57.8% |
| Financial income | 75/76B | €3 | €3 | -€1 | -15.0% |
| Recurring financial income | 75 | €3 | €3 | -€1 | -15.0% |
| Financial charges | 65/66B | €2,647 | €9,139 | +€6,492 | +245.2% |
| Recurring financial charges | 65 | €2,647 | €9,139 | +€6,492 | +245.2% |
| Profit (loss) for the period before taxes | 9903 | €49,533 | €12,861 | -€36,672 | -74.0% |
| Income taxes | 67/77 | €7,424 | €205 | -€7,219 | -97.2% |
| Profit (loss) for the period | 9904 | €42,109 | €12,656 | -€29,453 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,109 | €12,656 | -€29,453 | -69.9% |
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 10 October 2026 via checked.be.