AKEBO: what changed
What changed
AKEBO
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€91,090
2024 · €81,533+€9,557
Equity
€531,922
2024 · €501,353+€30,569
Cash
€202,657
2024 · €167,686+€34,972
Balance sheet total
€699,581
2024 · €572,843+€126,738
Largest movements
Assets
- Current investments +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Cash +€34,972
up €34,972 (+20.9%), from €167,686 to €202,657
mainly Net result for the year (+€91,090) and Other debts (+€60,521)
- Receivables within one year +€15,674
up €15,674 (+14.9%), from €104,908 to €120,582
of which Trade receivables: +€16,840
- Stocks and contracts +€14,259
up €14,259 (+63.8%), from €22,364 to €36,623
Equity and liabilities
- Other debts +€60,521
new in 2025: €60,521
- Trade debts +€31,070
up €31,070 (+156%), from €19,957 to €51,027
- Reserves +€30,569
up €30,569 (+7.0%), from €439,353 to €469,922
of which Distributable reserves: +€30,569
- Debts after one year +€19,652
new in 2025: €19,652
- Tax, wage and social debts -€16,790
down €16,790 (-35.3%), from €47,527 to €30,737
of which Taxes: -€14,323
Income statement
- Gross operating margin +€27,175
up €27,175 (+9.6%), from €283,733 to €310,908
- Staff costs +€10,425
up €10,425 (+7.1%), from €145,980 to €156,405
- Depreciation +€8,315
up €8,315 (+51.8%), from €16,048 to €24,363
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€81,533
Gross operating margin
+€27,175
Staff costs
-€10,425
Depreciation
-€8,315
Other operating charges
+€2,182
Financial income
+€2,782
Financial charges
-€841
Taxes
-€3,001
Result 2025
€91,090
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€151,770
Investment
-€81,361
Financing
-€35,437
Cash 2024
€167,686
From operations (derived)
+€151,770
Net result for the year
+€91,090
Depreciation
+€24,363
Stocks and contracts
-€14,259
Receivables within one year
-€15,674
Deferred charges and accrued income
-€4,836
Trade debts
+€31,070
Tax, wage and social debts
-€16,790
Other debts
+€60,521
Accrued charges and deferred income
-€3,716
Investment (derived)
-€81,361
Investment in fixed assets (net)
-€31,361
Current investments
-€50,000
Financing
-€35,437
Debts after one year
+€19,652
Current portion of long-term debt
+€5,431
Contributions, distributions and other
-€60,521
Cash 2025
€202,657
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,843 | €699,581 | +€126,738 | +22.1% |
| Fixed assets | 21/28 | €73,883 | €80,880 | +€6,997 | +9.5% |
| Intangible fixed assets | 21 | €1,166 | €2,754 | +€1,588 | +136% |
| Tangible fixed assets | 22/27 | €72,717 | €78,126 | +€5,410 | +7.4% |
| Land and buildings | 22 | €30,843 | €24,805 | -€6,038 | -19.6% |
| Plant, machinery and equipment | 23 | €2,209 | €1,377 | -€832 | -37.7% |
| Furniture and vehicles | 24 | €39,664 | €27,383 | -€12,282 | -31.0% |
| Leasing and similar rights | 25 | - | €24,562 | +€24,562 | |
| Current assets | 29/58 | €498,960 | €618,701 | +€119,740 | +24.0% |
| Stocks and contracts in progress | 3 | €22,364 | €36,623 | +€14,259 | +63.8% |
| Stocks | 30/36 | €22,364 | €36,623 | +€14,259 | +63.8% |
| Amounts receivable within one year | 40/41 | €104,908 | €120,582 | +€15,674 | +14.9% |
| Trade receivables | 40 | €99,296 | €116,136 | +€16,840 | +17.0% |
| Other amounts receivable | 41 | €5,613 | €4,446 | -€1,166 | -20.8% |
| Current investments | 50/53 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €167,686 | €202,657 | +€34,972 | +20.9% |
| Deferred charges and accrued income | 490/1 | €4,002 | €8,838 | +€4,836 | +121% |
| Total equity and liabilities | 10/49 | €572,843 | €699,581 | +€126,738 | +22.1% |
| Equity | 10/15 | €501,353 | €531,922 | +€30,569 | +6.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €439,353 | €469,922 | +€30,569 | +7.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €433,153 | €463,722 | +€30,569 | +7.1% |
| Amounts payable | 17/49 | €71,491 | €167,659 | +€96,169 | +135% |
| Amounts payable after more than one year | 17 | - | €19,652 | +€19,652 | |
| Financial debts | 170/4 | - | €19,652 | +€19,652 | |
| Amounts payable within one year | 42/48 | €67,485 | €147,717 | +€80,232 | +119% |
| Current portion of amounts payable after more than one year | 42 | - | €5,431 | +€5,431 | |
| Trade debts | 44 | €19,957 | €51,027 | +€31,070 | +156% |
| Suppliers | 440/4 | €19,957 | €51,027 | +€31,070 | +156% |
| Taxes, remuneration and social security | 45 | €47,527 | €30,737 | -€16,790 | -35.3% |
| Taxes | 450/3 | €30,593 | €16,269 | -€14,323 | -46.8% |
| Remuneration and social security | 454/9 | €16,935 | €14,468 | -€2,467 | -14.6% |
| Other amounts payable | 47/48 | - | €60,521 | +€60,521 | |
| Accrued charges and deferred income | 492/3 | €4,006 | €290 | -€3,716 | -92.8% |
| Remuneration, social security and pensions | 62 | €145,980 | €156,405 | +€10,425 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,048 | €24,363 | +€8,315 | +51.8% |
| Other operating charges | 640/8 | €7,349 | €5,167 | -€2,182 | -29.7% |
| Gross operating margin | 9900 | €283,733 | €310,908 | +€27,175 | +9.6% |
| Operating profit (loss) | 9901 | €114,356 | €124,973 | +€10,617 | +9.3% |
| Financial income | 75/76B | €1,672 | €4,454 | +€2,782 | +166% |
| Recurring financial income | 75 | €1,672 | €4,454 | +€2,782 | +166% |
| Financial charges | 65/66B | €116 | €958 | +€841 | +723% |
| Recurring financial charges | 65 | €116 | €958 | +€841 | +723% |
| Profit (loss) for the period before taxes | 9903 | €115,912 | €128,469 | +€12,558 | +10.8% |
| Income taxes | 67/77 | €34,378 | €37,379 | +€3,001 | +8.7% |
| Profit (loss) for the period | 9904 | €81,533 | €91,090 | +€9,557 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,533 | €91,090 | +€9,557 | +11.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.