AKILES: 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.
AKILES
Largest movements
- Current investments -€4.2m
down €4.2m (-73.7%), from €5.7m to €1.5m
- Financial fixed assets +€1.8m
up €1.8m (+7.2%), from €25.5m to €27.3m
- Profit (loss) carried forward -€1.4m
down €1.4m, from €40,003 to -€1.4m
- Other debts -€956,113
down €956,113 (-100.0%), from €956,160 to €47
- Financial income -€2.7m
down €2.7m (-50.2%), from €5.4m to €2.7m
of which Financial income: -€4.8m
- Financial charges -€372,480
down €372,480 (-10.2%), from €3.6m to €3.3m
of which Non-recurring financial charges: -€373,327
- Gross operating margin +€13,605
up €13,605 (+1.5%), from -€879,445 to -€865,840
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 | €34,304,491 | €31,932,368 | -€2.4m | -6.9% |
| Fixed assets | 21/28 | €25,514,014 | €27,344,204 | +€1.8m | +7.2% |
| Financial fixed assets | 28 | €25,514,014 | €27,344,204 | +€1.8m | +7.2% |
| Current assets | 29/58 | €8,790,477 | €4,588,164 | -€4.2m | -47.8% |
| Amounts receivable within one year | 40/41 | €334,356 | €287,552 | -€46,804 | -14.0% |
| Trade receivables | 40 | - | €12,024 | +€12,024 | |
| Other amounts receivable | 41 | €334,356 | €275,528 | -€58,828 | -17.6% |
| Current investments | 50/53 | €5,700,000 | €1,500,000 | -€4.2m | -73.7% |
| Cash at bank and in hand | 54/58 | €2,745,299 | €2,793,110 | +€47,811 | +1.7% |
| Deferred charges and accrued income | 490/1 | €10,822 | €7,502 | -€3,319 | -30.7% |
| Total equity and liabilities | 10/49 | €34,304,491 | €31,932,368 | -€2.4m | -6.9% |
| Equity | 10/15 | €33,341,805 | €31,914,259 | -€1.4m | -4.3% |
| Contributions | 10/11 | €31,101,803 | €31,101,803 | = | 0.0% |
| Revaluation surpluses | 12 | €2,199,999 | €2,199,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,003 | -€1,387,543 | -€1.4m | |
| Amounts payable | 17/49 | €962,686 | €18,109 | -€944,577 | -98.1% |
| Amounts payable within one year | 42/48 | €962,686 | €18,109 | -€944,577 | -98.1% |
| Trade debts | 44 | €6,526 | €18,062 | +€11,536 | +176.8% |
| Suppliers | 440/4 | €6,526 | €18,062 | +€11,536 | +176.8% |
| Other amounts payable | 47/48 | €956,160 | €47 | -€956,113 | -100.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€879,445 | -€865,840 | +€13,605 | +1.5% |
| Operating profit (loss) | 9901 | -€880,413 | -€866,839 | +€13,574 | +1.5% |
| Financial income | 75/76B | €5,448,205 | €2,710,666 | -€2.7m | -50.2% |
| Recurring financial income | 75 | €5,448,205 | €623,257 | -€4.8m | -88.6% |
| Non-recurring financial income | 76B | - | €2,087,409 | +€2.1m | |
| Financial charges | 65/66B | €3,643,853 | €3,271,373 | -€372,480 | -10.2% |
| Recurring financial charges | 65 | €941 | €1,788 | +€847 | +90.0% |
| Non-recurring financial charges | 66B | €3,642,912 | €3,269,585 | -€373,327 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €923,939 | -€1,427,546 | -€2.4m | |
| Profit (loss) for the period | 9904 | €923,939 | -€1,427,546 | -€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €923,939 | -€1,427,546 | -€2.4m |
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.