AKF: 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.
What changed
AKF
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€572,030
2025 · €951,844-€379,814
Equity
€2.0m
2025 · €2.0m
Cash
€417,718
2025 · €419,144-€1,426
Balance sheet total
€3.6m
2025 · €3.6m+€41,104
Largest movements
Assets
- Tangible fixed assets +€76,855
up €76,855 (+28.6%), from €268,982 to €345,837
of which Furniture and vehicles: +€81,568
- Stocks and contracts -€48,364
down €48,364 (-7.5%), from €648,135 to €599,771
of which Contracts in progress: -€66,554
Equity and liabilities
- Trade debts +€109,250
up €109,250 (+20.6%), from €530,934 to €640,184
- Tax, wage and social debts -€66,717
down €66,717 (-47.5%), from €140,428 to €73,711
of which Taxes: -€63,935
- Other debts +€44,138
up €44,138 (+5.8%), from €755,789 to €799,927
Income statement
- Gross operating margin -€400,608
down €400,608 (-12.6%), from €3.2m to €2.8m
- Staff costs +€113,235
up €113,235 (+6.1%), from €1.9m to €2.0m
- Taxes -€79,553
down €79,553 (-30.2%), from €263,821 to €184,268
- Financial income +€66,937
up €66,937 (+513.8%), from €13,028 to €79,965
From the 2025 result to the 2026 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.
Result 2025
€951,844
Gross operating margin
-€400,608
Staff costs
-€113,235
Depreciation
-€17,771
Write-downs
-€74
Other operating charges
+€1,560
Financial income
+€66,937
Financial charges
+€3,824
Taxes
+€79,553
Result 2026
€572,030
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€790,964
Investment
-€174,792
Financing
-€617,598
Cash 2025
€419,144
From operations (derived)
+€790,964
Net result for the year
+€572,030
Depreciation
+€97,937
Stocks and contracts
+€48,364
Receivables within one year
-€11,204
Deferred charges and accrued income
-€2,835
Trade debts
+€109,250
Tax, wage and social debts
-€66,717
Other debts
+€44,138
Investment (derived)
-€174,792
Investment in fixed assets (net)
-€174,792
Financing
-€617,598
Debts after one year
-€25,882
Current portion of long-term debt
-€19,685
Contributions, distributions and other
-€572,030
Cash 2026
€417,718
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,598,928 | €3,640,032 | +€41,104 | +1.1% |
| Fixed assets | 21/28 | €307,719 | €384,574 | +€76,855 | +25.0% |
| Tangible fixed assets | 22/27 | €268,982 | €345,837 | +€76,855 | +28.6% |
| Plant, machinery and equipment | 23 | €33,260 | €28,547 | -€4,712 | -14.2% |
| Furniture and vehicles | 24 | €235,722 | €317,290 | +€81,568 | +34.6% |
| Financial fixed assets | 28 | €38,737 | €38,737 | = | 0.0% |
| Current assets | 29/58 | €3,291,209 | €3,255,458 | -€35,751 | -1.1% |
| Stocks and contracts in progress | 3 | €648,135 | €599,771 | -€48,364 | -7.5% |
| Stocks | 30/36 | €406,856 | €425,046 | +€18,190 | +4.5% |
| Contracts in progress | 37 | €241,280 | €174,725 | -€66,554 | -27.6% |
| Amounts receivable within one year | 40/41 | €2,179,737 | €2,190,941 | +€11,204 | +0.5% |
| Trade receivables | 40 | €1,540,503 | €1,640,463 | +€99,960 | +6.5% |
| Other amounts receivable | 41 | €639,234 | €550,478 | -€88,756 | -13.9% |
| Cash at bank and in hand | 54/58 | €419,144 | €417,718 | -€1,426 | -0.3% |
| Deferred charges and accrued income | 490/1 | €44,193 | €47,028 | +€2,835 | +6.4% |
| Total equity and liabilities | 10/49 | €3,598,928 | €3,640,032 | +€41,104 | +1.1% |
| Equity | 10/15 | €2,032,589 | €2,032,589 | = | 0.0% |
| Contributions | 10/11 | €21,734 | €21,734 | = | 0.0% |
| Reserves | 13 | €2,010,855 | €2,010,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,173 | €2,173 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,173 | €2,173 | = | 0.0% |
| Distributable reserves | 133 | €2,008,681 | €2,008,681 | = | 0.0% |
| Amounts payable | 17/49 | €1,566,339 | €1,607,444 | +€41,104 | +2.6% |
| Amounts payable after more than one year | 17 | €43,621 | €17,739 | -€25,882 | -59.3% |
| Financial debts | 170/4 | €43,621 | €17,739 | -€25,882 | -59.3% |
| Amounts payable within one year | 42/48 | €1,522,718 | €1,589,704 | +€66,986 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €95,567 | €75,882 | -€19,685 | -20.6% |
| Trade debts | 44 | €530,934 | €640,184 | +€109,250 | +20.6% |
| Suppliers | 440/4 | €530,934 | €640,184 | +€109,250 | +20.6% |
| Taxes, remuneration and social security | 45 | €140,428 | €73,711 | -€66,717 | -47.5% |
| Taxes | 450/3 | €66,106 | €2,170 | -€63,935 | -96.7% |
| Remuneration and social security | 454/9 | €74,322 | €71,541 | -€2,781 | -3.7% |
| Other amounts payable | 47/48 | €755,789 | €799,927 | +€44,138 | +5.8% |
| Non-recurring operating income | 76A | €9,200 | €2,400 | -€6,800 | -73.9% |
| Remuneration, social security and pensions | 62 | €1,869,834 | €1,983,069 | +€113,235 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,166 | €97,937 | +€17,771 | +22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €319 | €393 | +€74 | +23.0% |
| Other operating charges | 640/8 | €13,050 | €11,489 | -€1,560 | -12.0% |
| Gross operating margin | 9900 | €3,187,824 | €2,787,216 | -€400,608 | -12.6% |
| Operating profit (loss) | 9901 | €1,224,455 | €694,328 | -€530,127 | -43.3% |
| Financial income | 75/76B | €13,028 | €79,965 | +€66,937 | +513.8% |
| Recurring financial income | 75 | €13,028 | €79,965 | +€66,937 | +513.8% |
| Financial charges | 65/66B | €21,819 | €17,995 | -€3,824 | -17.5% |
| Recurring financial charges | 65 | €21,819 | €17,995 | -€3,824 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €1,215,665 | €756,298 | -€459,367 | -37.8% |
| Income taxes | 67/77 | €263,821 | €184,268 | -€79,553 | -30.2% |
| Profit (loss) for the period | 9904 | €951,844 | €572,030 | -€379,814 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €951,844 | €572,030 | -€379,814 | -39.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.