AKIVAR: 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.
AKIVAR
Largest movements
- Tangible fixed assets -€152,002
down €152,002 (-7.1%), from €2.1m to €2.0m
of which Land and buildings: -€144,207
- Cash -€51,999
down €51,999 (-55.7%), from €93,364 to €41,365
mainly Trade debts (-€307,644) and Accrued charges and deferred income (-€149,619)
- Stocks and contracts +€49,405
up €49,405 (+9.2%), from €534,595 to €584,000
- Trade debts -€307,644
down €307,644 (-59.9%), from €513,762 to €206,118
- Profit (loss) carried forward +€199,647
up €199,647 (+33.8%), from €590,077 to €789,724
- Other debts +€161,871
up €161,871 (+45.3%), from €357,133 to €519,004
- Accrued charges and deferred income -€149,619
no longer reported in 2025 (was €149,619)
- Debts after one year -€86,947
down €86,947 (-8.0%), from €1.1m to €999,895
- Gross operating margin +€182,101
up €182,101 (+54.2%), from €336,123 to €518,224
- Taxes +€42,440
up €42,440 (+180%), from €23,637 to €66,077
- Depreciation +€28,534
up €28,534 (+14.1%), from €201,833 to €230,367
- Financial charges -€10,742
down €10,742 (-30.8%), from €34,845 to €24,103
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,070,603 | €2,868,238 | -€202,365 | -6.6% |
| Fixed assets | 21/28 | €2,155,815 | €1,999,655 | -€156,160 | -7.2% |
| Intangible fixed assets | 21 | €13,733 | €9,576 | -€4,157 | -30.3% |
| Tangible fixed assets | 22/27 | €2,142,082 | €1,990,080 | -€152,002 | -7.1% |
| Land and buildings | 22 | €1,972,855 | €1,828,648 | -€144,207 | -7.3% |
| Plant, machinery and equipment | 23 | €117,483 | €137,054 | +€19,571 | +16.7% |
| Furniture and vehicles | 24 | €51,744 | €24,379 | -€27,365 | -52.9% |
| Current assets | 29/58 | €914,788 | €868,583 | -€46,205 | -5.1% |
| Stocks and contracts in progress | 3 | €534,595 | €584,000 | +€49,405 | +9.2% |
| Stocks | 30/36 | €534,595 | €584,000 | +€49,405 | +9.2% |
| Amounts receivable within one year | 40/41 | €159,967 | €135,508 | -€24,459 | -15.3% |
| Trade receivables | 40 | €139,228 | €128,199 | -€11,029 | -7.9% |
| Other amounts receivable | 41 | €20,739 | €7,309 | -€13,430 | -64.8% |
| Current investments | 50/53 | €126,862 | €101,291 | -€25,571 | -20.2% |
| Cash at bank and in hand | 54/58 | €93,364 | €41,365 | -€51,999 | -55.7% |
| Deferred charges and accrued income | 490/1 | - | €6,418 | +€6,418 | |
| Total equity and liabilities | 10/49 | €3,070,603 | €2,868,238 | -€202,365 | -6.6% |
| Equity | 10/15 | €856,127 | €1,055,774 | +€199,647 | +23.3% |
| Contributions | 10/11 | €204,600 | €204,600 | = | 0.0% |
| Reserves | 13 | €61,450 | €61,450 | -€0 | 0.0% |
| Distributable reserves | 133 | €61,450 | €61,450 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €590,077 | €789,724 | +€199,647 | +33.8% |
| Amounts payable | 17/49 | €2,214,476 | €1,812,464 | -€402,012 | -18.2% |
| Amounts payable after more than one year | 17 | €1,086,842 | €999,895 | -€86,947 | -8.0% |
| Financial debts | 170/4 | €1,086,842 | €999,895 | -€86,947 | -8.0% |
| Amounts payable within one year | 42/48 | €978,015 | €812,569 | -€165,446 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €86,947 | €86,947 | +€0 | 0.0% |
| Trade debts | 44 | €513,762 | €206,118 | -€307,644 | -59.9% |
| Suppliers | 440/4 | €513,762 | €206,118 | -€307,644 | -59.9% |
| Taxes, remuneration and social security | 45 | €20,173 | €500 | -€19,673 | -97.5% |
| Taxes | 450/3 | €8,173 | €500 | -€7,673 | -93.9% |
| Remuneration and social security | 454/9 | €12,000 | - | -€12,000 | |
| Other amounts payable | 47/48 | €357,133 | €519,004 | +€161,871 | +45.3% |
| Accrued charges and deferred income | 492/3 | €149,619 | - | -€149,619 | |
| Non-recurring operating income | 76A | €4,100 | - | -€4,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,833 | €230,367 | +€28,534 | +14.1% |
| Gross operating margin | 9900 | €336,123 | €518,224 | +€182,101 | +54.2% |
| Operating profit (loss) | 9901 | €134,290 | €287,856 | +€153,566 | +114% |
| Financial income | 75/76B | €2,082 | €1,971 | -€111 | -5.3% |
| Recurring financial income | 75 | €2,082 | €1,971 | -€111 | -5.3% |
| Financial charges | 65/66B | €34,845 | €24,103 | -€10,742 | -30.8% |
| Recurring financial charges | 65 | €34,845 | €24,103 | -€10,742 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €101,527 | €265,724 | +€164,197 | +162% |
| Income taxes | 67/77 | €23,637 | €66,077 | +€42,440 | +180% |
| Profit (loss) for the period | 9904 | €77,890 | €199,647 | +€121,757 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €77,890 | €199,647 | +€121,757 | +156% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.