AKERRAGEREAU: 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.
AKERRAGEREAU
Largest movements
- Stocks and contracts -€607,429
down €607,429 (-49.1%), from €1.2m to €629,777
- Cash +€172,077
up €172,077 (+340%), from €50,657 to €222,734
mainly Stocks and contracts (+€607,429) and Tax, wage and social debts (+€46,786)
- Receivables within one year +€19,738
up €19,738 (+1,103%), from €1,789 to €21,527
- Other debts -€315,734
down €315,734 (-21.3%), from €1.5m to €1.2m
- Profit (loss) carried forward -€129,644
down €129,644 (-56.9%), from -€228,015 to -€357,659
- Tax, wage and social debts +€46,786
new in 2025: €46,786
- Trade debts -€17,523
down €17,523 (-99.8%), from €17,561 to €38
- Gross operating margin -€181,954
down €181,954, from €52,832 to -€129,122
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 | €1,291,153 | €875,038 | -€416,114 | -32.2% |
| Fixed assets | 21/28 | €1,500 | €1,000 | -€500 | -33.3% |
| Financial fixed assets | 28 | €1,500 | €1,000 | -€500 | -33.3% |
| Current assets | 29/58 | €1,289,653 | €874,038 | -€415,614 | -32.2% |
| Stocks and contracts in progress | 3 | €1,237,206 | €629,777 | -€607,429 | -49.1% |
| Stocks | 30/36 | €1,237,206 | €629,777 | -€607,429 | -49.1% |
| Amounts receivable within one year | 40/41 | €1,789 | €21,527 | +€19,738 | +1,103% |
| Other amounts receivable | 41 | €1,789 | €21,527 | +€19,738 | +1,103% |
| Cash at bank and in hand | 54/58 | €50,657 | €222,734 | +€172,077 | +340% |
| Total equity and liabilities | 10/49 | €1,291,153 | €875,038 | -€416,114 | -32.2% |
| Equity | 10/15 | -€209,135 | -€338,779 | -€129,644 | -62.0% |
| Contributions | 10/11 | €18,880 | €18,880 | = | 0.0% |
| Capital | 10 | €18,880 | €18,880 | = | 0.0% |
| Issued capital | 100 | €18,880 | €18,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,015 | -€357,659 | -€129,644 | -56.9% |
| Amounts payable | 17/49 | €1,500,287 | €1,213,817 | -€286,471 | -19.1% |
| Amounts payable within one year | 42/48 | €1,500,287 | €1,213,817 | -€286,471 | -19.1% |
| Trade debts | 44 | €17,561 | €38 | -€17,523 | -99.8% |
| Suppliers | 440/4 | €17,561 | €38 | -€17,523 | -99.8% |
| Taxes, remuneration and social security | 45 | - | €46,786 | +€46,786 | |
| Taxes | 450/3 | - | €46,786 | +€46,786 | |
| Other amounts payable | 47/48 | €1,482,726 | €1,166,993 | -€315,734 | -21.3% |
| Non-recurring operating income | 76A | €56,219 | - | -€56,219 | |
| Other operating charges | 640/8 | - | €76 | +€76 | |
| Gross operating margin | 9900 | €52,832 | -€129,122 | -€181,954 | |
| Operating profit (loss) | 9901 | €52,832 | -€129,198 | -€182,030 | |
| Financial charges | 65/66B | €60 | €446 | +€386 | +642% |
| Recurring financial charges | 65 | €60 | €446 | +€386 | +642% |
| Profit (loss) for the period before taxes | 9903 | €52,772 | -€129,644 | -€182,416 | |
| Profit (loss) for the period | 9904 | €52,772 | -€129,644 | -€182,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,772 | -€129,644 | -€182,416 |
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 15 October 2026 via checked.be.