AKFIN: 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.
AKFIN
Largest movements
- Cash -€19,227
down €19,227 (-39.1%), from €49,180 to €29,954
mainly Trade debts (-€31,512) and Debts after one year (-€5,517)
- Tangible fixed assets -€11,879
down €11,879 (-38.7%), from €30,691 to €18,812
of which Furniture and vehicles: -€9,049
- Trade debts -€31,512
down €31,512 (-54.0%), from €58,325 to €26,813
- Tax, wage and social debts +€7,795
up €7,795 (+136.1%), from €5,727 to €13,522
of which Taxes: +€4,694
- Debts after one year -€5,517
down €5,517 (-49.1%), from €11,239 to €5,723
- Current portion of long-term debt -€4,531
down €4,531 (-45.1%), from €10,047 to €5,517
- Gross operating margin +€54,187
up €54,187 (+31.8%), from €170,431 to €224,618
- Staff costs +€51,770
up €51,770 (+35.4%), from €146,144 to €197,914
- Other operating charges +€6,469
up €6,469 (+290.4%), from €2,227 to €8,696
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 | €215,475 | €183,649 | -€31,826 | -14.8% |
| Fixed assets | 21/28 | €30,691 | €18,812 | -€11,879 | -38.7% |
| Tangible fixed assets | 22/27 | €30,691 | €18,812 | -€11,879 | -38.7% |
| Furniture and vehicles | 24 | €18,511 | €9,462 | -€9,049 | -48.9% |
| Other tangible fixed assets | 26 | €12,180 | €9,350 | -€2,830 | -23.2% |
| Current assets | 29/58 | €184,784 | €164,837 | -€19,948 | -10.8% |
| Amounts receivable within one year | 40/41 | €131,596 | €131,508 | -€88 | -0.1% |
| Trade receivables | 40 | €121,922 | €131,508 | +€9,587 | +7.9% |
| Other amounts receivable | 41 | €9,675 | - | -€9,675 | |
| Cash at bank and in hand | 54/58 | €49,180 | €29,954 | -€19,227 | -39.1% |
| Deferred charges and accrued income | 490/1 | €4,008 | €3,374 | -€633 | -15.8% |
| Total equity and liabilities | 10/49 | €215,475 | €183,649 | -€31,826 | -14.8% |
| Equity | 10/15 | €130,137 | €131,261 | +€1,124 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,677 | €110,801 | +€1,124 | +1.0% |
| Amounts payable | 17/49 | €85,338 | €52,388 | -€32,950 | -38.6% |
| Amounts payable after more than one year | 17 | €11,239 | €5,723 | -€5,517 | -49.1% |
| Financial debts | 170/4 | €11,239 | €5,723 | -€5,517 | -49.1% |
| Amounts payable within one year | 42/48 | €74,099 | €46,666 | -€27,433 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €10,047 | €5,517 | -€4,531 | -45.1% |
| Trade debts | 44 | €58,325 | €26,813 | -€31,512 | -54.0% |
| Suppliers | 440/4 | €58,325 | €26,813 | -€31,512 | -54.0% |
| Taxes, remuneration and social security | 45 | €5,727 | €13,522 | +€7,795 | +136.1% |
| Taxes | 450/3 | - | €4,694 | +€4,694 | |
| Remuneration and social security | 454/9 | €5,727 | €8,827 | +€3,101 | +54.1% |
| Other amounts payable | 47/48 | - | €814 | +€814 | |
| Remuneration, social security and pensions | 62 | €146,144 | €197,914 | +€51,770 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,166 | €11,879 | -€287 | -2.4% |
| Other operating charges | 640/8 | €2,227 | €8,696 | +€6,469 | +290.4% |
| Gross operating margin | 9900 | €170,431 | €224,618 | +€54,187 | +31.8% |
| Operating profit (loss) | 9901 | €9,894 | €6,129 | -€3,764 | -38.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +4900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4900.0% |
| Financial charges | 65/66B | €1,376 | €1,424 | +€48 | +3.5% |
| Recurring financial charges | 65 | €1,376 | €1,424 | +€48 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €8,518 | €4,706 | -€3,811 | -44.7% |
| Income taxes | 67/77 | €3,610 | €3,583 | -€27 | -0.7% |
| Profit (loss) for the period | 9904 | €4,908 | €1,124 | -€3,784 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,908 | €1,124 | -€3,784 | -77.1% |
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 5 October 2026 via checked.be.