AKHNATON GROUP: 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.
What changed
AKHNATON GROUP
NACE 13.100, Manufacture of textiles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€198,590
2024 · €311,202-€112,612
Equity
€3.4m
2024 · €3.3m+€123,590
Cash
€178,692
2024 · €1.2m-€976,046
Balance sheet total
€6.1m
2024 · €7.7m-€1.6m
Largest movements
Assets
- Cash -€976,046
down €976,046 (-84.5%), from €1.2m to €178,692
mainly Trade debts (-€1.7m) and Investment in fixed assets (net) (-€168,110)
- Receivables within one year -€735,041
down €735,041 (-17.4%), from €4.2m to €3.5m
of which Other amounts receivable: -€395,806
- Stocks and contracts +€122,181
up €122,181 (+48.4%), from €252,657 to €374,838
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-67.8%), from €2.5m to €812,833
- Other debts +€158,223
up €158,223 (+45.3%), from €349,369 to €507,592
- Reserves +€123,590
up €123,590 (+4.2%), from €2.9m to €3.0m
of which Distributable reserves: +€228,840
Income statement
- Staff costs +€77,360
up €77,360 (+45.0%), from €172,056 to €249,416
- Gross operating margin -€70,750
down €70,750 (-8.6%), from €822,458 to €751,708
- Taxes -€58,081
down €58,081 (-52.8%), from €109,939 to €51,858
- Financial income -€19,903
down €19,903 (-52.1%), from €38,172 to €18,270
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.
Result 2024
€311,202
Gross operating margin
-€70,750
Staff costs
-€77,360
Depreciation
+€4,156
Other operating charges
-€473
Other operating items
-€7,073
Financial income
-€19,903
Financial charges
+€710
Taxes
+€58,081
Result 2025
€198,590
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€638,540
Investment
-€168,110
Financing
-€169,396
Cash 2024
€1.2m
From operations (derived)
-€638,540
Net result for the year
+€198,590
Depreciation
+€140,829
Receivables after one year
+€6,301
Stocks and contracts
-€122,181
Receivables within one year
+€735,041
Deferred charges and accrued income
+€7,138
Trade debts
-€1.7m
Tax, wage and social debts
-€26,361
Other debts
+€158,223
Accrued charges and deferred income
-€25,708
Investment (derived)
-€168,110
Investment in fixed assets (net)
-€168,110
Financing
-€169,396
Debts after one year
-€32,874
Current portion of long-term debt
-€14,454
Short-term financial debts
-€47,068
Contributions, distributions and other
-€75,000
Cash 2025
€178,692
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,674,369 | €6,099,304 | -€1.6m | -20.5% |
| Fixed assets | 21/28 | €2,023,331 | €2,050,612 | +€27,281 | +1.3% |
| Tangible fixed assets | 22/27 | €2,021,022 | €2,048,303 | +€27,281 | +1.3% |
| Land and buildings | 22 | €1,497,445 | €1,582,760 | +€85,315 | +5.7% |
| Plant, machinery and equipment | 23 | €17,366 | €13,651 | -€3,715 | -21.4% |
| Furniture and vehicles | 24 | €472,504 | €425,867 | -€46,637 | -9.9% |
| Leasing and similar rights | 25 | €28,626 | €21,484 | -€7,142 | -24.9% |
| Other tangible fixed assets | 26 | €5,080 | €4,540 | -€540 | -10.6% |
| Financial fixed assets | 28 | €2,309 | €2,309 | = | 0.0% |
| Current assets | 29/58 | €5,651,038 | €4,048,692 | -€1.6m | -28.4% |
| Amounts receivable after more than one year | 29 | €6,301 | €0 | -€6,301 | -100% |
| Other amounts receivable | 291 | €6,301 | €0 | -€6,301 | -100% |
| Stocks and contracts in progress | 3 | €252,657 | €374,838 | +€122,181 | +48.4% |
| Stocks | 30/36 | €252,657 | €374,838 | +€122,181 | +48.4% |
| Amounts receivable within one year | 40/41 | €4,220,214 | €3,485,173 | -€735,041 | -17.4% |
| Trade receivables | 40 | €1,282,637 | €943,402 | -€339,235 | -26.4% |
| Other amounts receivable | 41 | €2,937,577 | €2,541,771 | -€395,806 | -13.5% |
| Cash at bank and in hand | 54/58 | €1,154,738 | €178,692 | -€976,046 | -84.5% |
| Deferred charges and accrued income | 490/1 | €17,128 | €9,990 | -€7,138 | -41.7% |
| Total equity and liabilities | 10/49 | €7,674,369 | €6,099,304 | -€1.6m | -20.5% |
| Equity | 10/15 | €3,274,603 | €3,398,193 | +€123,590 | +3.8% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €2,924,603 | €3,048,193 | +€123,590 | +4.2% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €105,250 | -€105,250 | -50.0% |
| Distributable reserves | 133 | €2,679,103 | €2,907,943 | +€228,840 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,399,766 | €2,701,111 | -€1.7m | -38.6% |
| Amounts payable after more than one year | 17 | €552,371 | €519,497 | -€32,874 | -6.0% |
| Financial debts | 170/4 | €552,371 | €519,497 | -€32,874 | -6.0% |
| Amounts payable within one year | 42/48 | €3,814,727 | €2,174,655 | -€1.6m | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €143,894 | €129,440 | -€14,454 | -10.0% |
| Financial debts | 43 | €708,568 | €661,500 | -€47,068 | -6.6% |
| Credit institutions | 430/8 | €708,568 | €661,500 | -€47,068 | -6.6% |
| Trade debts | 44 | €2,523,246 | €812,833 | -€1.7m | -67.8% |
| Suppliers | 440/4 | €2,523,246 | €812,833 | -€1.7m | -67.8% |
| Taxes, remuneration and social security | 45 | €89,651 | €63,290 | -€26,361 | -29.4% |
| Taxes | 450/3 | €77,661 | €30,170 | -€47,491 | -61.2% |
| Remuneration and social security | 454/9 | €11,990 | €33,120 | +€21,130 | +176% |
| Other amounts payable | 47/48 | €349,369 | €507,592 | +€158,223 | +45.3% |
| Accrued charges and deferred income | 492/3 | €32,667 | €6,960 | -€25,708 | -78.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €172,056 | €249,416 | +€77,360 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,985 | €140,829 | -€4,156 | -2.9% |
| Other operating charges | 640/8 | €29,110 | €29,583 | +€473 | +1.6% |
| Non-recurring operating charges | 66A | - | €7,073 | +€7,073 | |
| Gross operating margin | 9900 | €822,458 | €751,708 | -€70,750 | -8.6% |
| Operating profit (loss) | 9901 | €476,308 | €324,808 | -€151,500 | -31.8% |
| Financial income | 75/76B | €38,172 | €18,270 | -€19,903 | -52.1% |
| Recurring financial income | 75 | €38,172 | €18,270 | -€19,903 | -52.1% |
| Financial charges | 65/66B | €93,339 | €92,629 | -€710 | -0.8% |
| Recurring financial charges | 65 | €93,339 | €92,629 | -€710 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €421,141 | €250,448 | -€170,693 | -40.5% |
| Income taxes | 67/77 | €109,939 | €51,858 | -€58,081 | -52.8% |
| Profit (loss) for the period | 9904 | €311,202 | €198,590 | -€112,612 | -36.2% |
| Transfer from tax-exempt reserves | 789 | €0 | €105,250 | +€105,250 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €205,952 | €303,840 | +€97,888 | +47.5% |
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 24 October 2026 via checked.be.