AKLAFIN: 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.
AKLAFIN
Largest movements
- Financial fixed assets -€344,784
down €344,784 (-100%), from €344,784 to €0
- Tangible fixed assets -€16,974
down €16,974 (-28.0%), from €60,719 to €43,744
of which Furniture and vehicles: -€14,991
- Receivables within one year +€4,954
up €4,954 (+299%), from €1,656 to €6,610
of which Trade receivables: +€5,191
- Profit (loss) carried forward -€360,971
new in 2025: -€360,971
- Other debts +€18,655
up €18,655 (+32.8%), from €56,799 to €75,454
- Debts after one year -€9,752
down €9,752 (-32.4%), from €30,069 to €20,317
- Financial charges +€344,039
up €344,039 (+4,834%), from €7,117 to €351,156
of which Non-recurring financial charges: +€344,784
- Gross operating margin -€24,958
down €24,958 (-76.0%), from €32,824 to €7,866
- Depreciation +€2,401
up €2,401 (+16.5%), from €14,573 to €16,974
- Taxes -€2,081
down €2,081 (-100%), from €2,081 to €0
- Other operating charges +€444
up €444 (+169%), from €263 to €707
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 | €408,322 | €50,955 | -€357,367 | -87.5% |
| Fixed assets | 21/28 | €405,503 | €43,744 | -€361,759 | -89.2% |
| Tangible fixed assets | 22/27 | €60,719 | €43,744 | -€16,974 | -28.0% |
| Plant, machinery and equipment | 23 | €8,860 | €6,877 | -€1,983 | -22.4% |
| Furniture and vehicles | 24 | €51,859 | €36,868 | -€14,991 | -28.9% |
| Financial fixed assets | 28 | €344,784 | €0 | -€344,784 | -100% |
| Current assets | 29/58 | €2,819 | €7,211 | +€4,391 | +156% |
| Amounts receivable within one year | 40/41 | €1,656 | €6,610 | +€4,954 | +299% |
| Trade receivables | 40 | - | €5,191 | +€5,191 | |
| Other amounts receivable | 41 | €1,656 | €1,419 | -€237 | -14.3% |
| Cash at bank and in hand | 54/58 | €1,163 | €600 | -€563 | -48.4% |
| Total equity and liabilities | 10/49 | €408,322 | €50,955 | -€357,367 | -87.5% |
| Equity | 10/15 | €301,368 | -€59,604 | -€360,971 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €101,368 | €101,368 | = | 0.0% |
| Distributable reserves | 133 | €101,368 | €101,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€360,971 | -€360,971 | |
| Amounts payable | 17/49 | €106,955 | €110,559 | +€3,604 | +3.4% |
| Amounts payable after more than one year | 17 | €30,069 | €20,317 | -€9,752 | -32.4% |
| Financial debts | 170/4 | €30,069 | €20,317 | -€9,752 | -32.4% |
| Amounts payable within one year | 42/48 | €71,993 | €85,560 | +€13,568 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €9,752 | €9,752 | = | 0.0% |
| Trade debts | 44 | €2,003 | €37 | -€1,966 | -98.2% |
| Suppliers | 440/4 | €2,003 | €37 | -€1,966 | -98.2% |
| Taxes, remuneration and social security | 45 | €3,439 | €317 | -€3,122 | -90.8% |
| Taxes | 450/3 | €3,439 | €317 | -€3,122 | -90.8% |
| Other amounts payable | 47/48 | €56,799 | €75,454 | +€18,655 | +32.8% |
| Accrued charges and deferred income | 492/3 | €4,893 | €4,682 | -€212 | -4.3% |
| Non-recurring operating income | 76A | €6,000 | €0 | -€6,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,573 | €16,974 | +€2,401 | +16.5% |
| Other operating charges | 640/8 | €263 | €707 | +€444 | +169% |
| Gross operating margin | 9900 | €32,824 | €7,866 | -€24,958 | -76.0% |
| Operating profit (loss) | 9901 | €17,988 | -€9,815 | -€27,804 | |
| Financial charges | 65/66B | €7,117 | €351,156 | +€344,039 | +4,834% |
| Recurring financial charges | 65 | €7,117 | €6,372 | -€746 | -10.5% |
| Non-recurring financial charges | 66B | - | €344,784 | +€344,784 | |
| Profit (loss) for the period before taxes | 9903 | €10,871 | -€360,971 | -€371,842 | |
| Income taxes | 67/77 | €2,081 | €0 | -€2,081 | -100% |
| Profit (loss) for the period | 9904 | €8,790 | -€360,971 | -€369,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,790 | -€360,971 | -€369,761 |
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 25 October 2026 via checked.be.