AKKERMANS: 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.
AKKERMANS
Largest movements
- Tangible fixed assets +€200,928
up €200,928 (+59.0%), from €340,781 to €541,709
of which Other tangible fixed assets: +€189,793
- Cash +€68,625
up €68,625 (+13.2%), from €519,294 to €587,919
mainly Debts after one year (+€269,861) and Depreciation (+€137,917)
- Receivables within one year +€50,501
up €50,501 (+19.3%), from €262,048 to €312,549
of which Other amounts receivable: +€30,847
- Stocks and contracts -€42,181
down €42,181 (-19.9%), from €212,109 to €169,928
of which Contracts in progress: -€25,839
- Debts after one year +€269,861
new in 2025: €269,861
- Other debts -€61,847
down €61,847 (-54.3%), from €113,849 to €52,002
- Reserves +€41,386
up €41,386 (+5.0%), from €830,951 to €872,338
- Current portion of long-term debt +€30,139
new in 2025: €30,139
- Gross operating margin -€124,681
down €124,681 (-12.5%), from €999,343 to €874,662
- Taxes -€53,878
down €53,878 (-54.7%), from €98,452 to €44,574
- Staff costs +€22,690
up €22,690 (+4.3%), from €530,213 to €552,902
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 | €1,360,788 | €1,646,786 | +€285,998 | +21.0% |
| Fixed assets | 21/28 | €344,536 | €543,959 | +€199,423 | +57.9% |
| Intangible fixed assets | 21 | €2,945 | €1,440 | -€1,505 | -51.1% |
| Tangible fixed assets | 22/27 | €340,781 | €541,709 | +€200,928 | +59.0% |
| Plant, machinery and equipment | 23 | €36,617 | €79,233 | +€42,616 | +116% |
| Furniture and vehicles | 24 | €180,834 | €149,354 | -€31,481 | -17.4% |
| Other tangible fixed assets | 26 | €123,329 | €313,122 | +€189,793 | +154% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €1,016,251 | €1,102,827 | +€86,575 | +8.5% |
| Stocks and contracts in progress | 3 | €212,109 | €169,928 | -€42,181 | -19.9% |
| Stocks | 30/36 | €166,135 | €149,792 | -€16,342 | -9.8% |
| Contracts in progress | 37 | €45,975 | €20,135 | -€25,839 | -56.2% |
| Amounts receivable within one year | 40/41 | €262,048 | €312,549 | +€50,501 | +19.3% |
| Trade receivables | 40 | €262,048 | €281,702 | +€19,654 | +7.5% |
| Other amounts receivable | 41 | - | €30,847 | +€30,847 | |
| Cash at bank and in hand | 54/58 | €519,294 | €587,919 | +€68,625 | +13.2% |
| Deferred charges and accrued income | 490/1 | €22,800 | €32,431 | +€9,631 | +42.2% |
| Total equity and liabilities | 10/49 | €1,360,788 | €1,646,786 | +€285,998 | +21.0% |
| Equity | 10/15 | €939,951 | €981,338 | +€41,386 | +4.4% |
| Contributions | 10/11 | €109,000 | €109,000 | = | 0.0% |
| Reserves | 13 | €830,951 | €872,338 | +€41,386 | +5.0% |
| Distributable reserves | 133 | €830,951 | €872,338 | +€41,386 | +5.0% |
| Amounts payable | 17/49 | €420,836 | €665,448 | +€244,612 | +58.1% |
| Amounts payable after more than one year | 17 | - | €269,861 | +€269,861 | |
| Financial debts | 170/4 | - | €269,861 | +€269,861 | |
| Amounts payable within one year | 42/48 | €420,836 | €395,588 | -€25,248 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | - | €30,139 | +€30,139 | |
| Trade debts | 44 | €147,220 | €158,439 | +€11,219 | +7.6% |
| Suppliers | 440/4 | €147,220 | €158,439 | +€11,219 | +7.6% |
| Taxes, remuneration and social security | 45 | €159,767 | €155,007 | -€4,760 | -3.0% |
| Taxes | 450/3 | €81,114 | €72,198 | -€8,917 | -11.0% |
| Remuneration and social security | 454/9 | €78,652 | €82,809 | +€4,157 | +5.3% |
| Other amounts payable | 47/48 | €113,849 | €52,002 | -€61,847 | -54.3% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | €530,213 | €552,902 | +€22,690 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,207 | €137,917 | +€9,710 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€954 | -€954 | |
| Other operating charges | 640/8 | €6,215 | €8,181 | +€1,966 | +31.6% |
| Gross operating margin | 9900 | €999,343 | €874,662 | -€124,681 | -12.5% |
| Operating profit (loss) | 9901 | €334,709 | €176,616 | -€158,093 | -47.2% |
| Financial income | 75/76B | €461 | €2,991 | +€2,530 | +549% |
| Recurring financial income | 75 | €461 | €2,991 | +€2,530 | +549% |
| Financial charges | 65/66B | €11,421 | €7,240 | -€4,181 | -36.6% |
| Recurring financial charges | 65 | €11,421 | €7,240 | -€4,181 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €323,749 | €172,367 | -€151,382 | -46.8% |
| Income taxes | 67/77 | €98,452 | €44,574 | -€53,878 | -54.7% |
| Profit (loss) for the period | 9904 | €225,297 | €127,793 | -€97,504 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €225,297 | €127,793 | -€97,504 | -43.3% |
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 22 October 2026 via checked.be.