AKGOZ: 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.
AKGOZ
Largest movements
- Cash +€8,148
new in 2026: €8,148
mainly Trade debts (+€9,890) and Net result for the year (+€8,625)
- Tangible fixed assets +€2,426
up €2,426 (+15.4%), from €15,721 to €18,147
of which Furniture and vehicles: +€4,677
- Receivables within one year -€1,515
down €1,515 (-5.2%), from €29,182 to €27,667
of which Trade receivables: -€4,071
- Trade debts +€9,890
up €9,890 (+1111.1%), from €890 to €10,780
- Reserves +€8,625
up €8,625 (+34.9%), from €24,707 to €33,331
- Current portion of long-term debt -€7,153
down €7,153 (-73.2%), from €9,777 to €2,624
- Debts after one year -€2,624
no longer reported in 2026 (was €2,624)
- Gross operating margin -€4,030
down €4,030 (-15.5%), from €26,082 to €22,052
- Financial charges -€1,361
down €1,361 (-66.7%), from €2,039 to €678
- Taxes +€872
up €872 (+26.2%), from €3,324 to €4,195
- Depreciation -€795
down €795 (-9.5%), from €8,369 to €7,574
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,799 | €54,646 | +€8,847 | +19.3% |
| Fixed assets | 21/28 | €15,721 | €18,147 | +€2,426 | +15.4% |
| Tangible fixed assets | 22/27 | €15,721 | €18,147 | +€2,426 | +15.4% |
| Plant, machinery and equipment | 23 | €3,633 | €1,382 | -€2,251 | -62.0% |
| Furniture and vehicles | 24 | €12,088 | €16,765 | +€4,677 | +38.7% |
| Current assets | 29/58 | €30,078 | €36,499 | +€6,421 | +21.3% |
| Amounts receivable within one year | 40/41 | €29,182 | €27,667 | -€1,515 | -5.2% |
| Trade receivables | 40 | €4,928 | €857 | -€4,071 | -82.6% |
| Other amounts receivable | 41 | €24,255 | €26,810 | +€2,556 | +10.5% |
| Cash at bank and in hand | 54/58 | - | €8,148 | +€8,148 | |
| Deferred charges and accrued income | 490/1 | €896 | €684 | -€213 | -23.7% |
| Total equity and liabilities | 10/49 | €45,799 | €54,646 | +€8,847 | +19.3% |
| Equity | 10/15 | €27,207 | €35,831 | +€8,625 | +31.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,707 | €33,331 | +€8,625 | +34.9% |
| Distributable reserves | 133 | €24,707 | €33,331 | +€8,625 | +34.9% |
| Amounts payable | 17/49 | €18,592 | €18,815 | +€222 | +1.2% |
| Amounts payable after more than one year | 17 | €2,624 | - | -€2,624 | |
| Financial debts | 170/4 | €2,624 | - | -€2,624 | |
| Amounts payable within one year | 42/48 | €15,903 | €18,548 | +€2,645 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €9,777 | €2,624 | -€7,153 | -73.2% |
| Financial debts | 43 | €337 | - | -€337 | |
| Credit institutions | 430/8 | €337 | - | -€337 | |
| Trade debts | 44 | €890 | €10,780 | +€9,890 | +1111.1% |
| Suppliers | 440/4 | €890 | €10,780 | +€9,890 | +1111.1% |
| Taxes, remuneration and social security | 45 | €4,898 | €5,143 | +€245 | +5.0% |
| Taxes | 450/3 | €3,955 | €4,195 | +€240 | +6.1% |
| Remuneration and social security | 454/9 | €943 | €948 | +€5 | +0.5% |
| Accrued charges and deferred income | 492/3 | €66 | €267 | +€201 | +306.4% |
| Non-recurring operating income | 76A | €1,364 | - | -€1,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,369 | €7,574 | -€795 | -9.5% |
| Other operating charges | 640/8 | €2,560 | €2,353 | -€208 | -8.1% |
| Gross operating margin | 9900 | €26,082 | €22,052 | -€4,030 | -15.5% |
| Operating profit (loss) | 9901 | €15,152 | €12,125 | -€3,027 | -20.0% |
| Financial income | 75/76B | €1,186 | €1,373 | +€187 | +15.8% |
| Recurring financial income | 75 | €1,186 | €1,373 | +€187 | +15.8% |
| Financial charges | 65/66B | €2,039 | €678 | -€1,361 | -66.7% |
| Recurring financial charges | 65 | €2,039 | €678 | -€1,361 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €14,299 | €12,820 | -€1,479 | -10.3% |
| Income taxes | 67/77 | €3,324 | €4,195 | +€872 | +26.2% |
| Profit (loss) for the period | 9904 | €10,976 | €8,625 | -€2,351 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,976 | €8,625 | -€2,351 | -21.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.