AKM: 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.
AKM
Largest movements
- Cash +€28,544
up €28,544 (+35.9%), from €79,475 to €108,018
mainly Tax, wage and social debts (+€12,045) and Receivables within one year (+€10,839)
- Receivables within one year -€10,839
down €10,839 (-61.8%), from €17,541 to €6,702
of which Trade receivables: -€8,766
- Stocks and contracts +€8,451
up €8,451 (+23.3%), from €36,203 to €44,654
- Tax, wage and social debts +€12,045
up €12,045 (+45.3%), from €26,566 to €38,611
of which Taxes: +€11,596
- Reserves +€10,729
up €10,729 (+18.6%), from €57,772 to €68,501
- Trade debts +€3,667
new in 2025: €3,667
- Gross operating margin +€10,897
up €10,897 (+16.4%), from €66,274 to €77,171
- Taxes +€4,183
up €4,183 (+169.8%), from €2,464 to €6,647
- Staff costs +€3,009
up €3,009 (+5.3%), from €56,594 to €59,603
- Financial income +€975
up €975 (+7622.8%), from €13 to €988
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 | €133,753 | €160,197 | +€26,443 | +19.8% |
| Current assets | 29/58 | €133,753 | €160,197 | +€26,443 | +19.8% |
| Stocks and contracts in progress | 3 | €36,203 | €44,654 | +€8,451 | +23.3% |
| Stocks | 30/36 | €36,203 | €44,654 | +€8,451 | +23.3% |
| Amounts receivable within one year | 40/41 | €17,541 | €6,702 | -€10,839 | -61.8% |
| Trade receivables | 40 | €15,065 | €6,299 | -€8,766 | -58.2% |
| Other amounts receivable | 41 | €2,476 | €403 | -€2,073 | -83.7% |
| Cash at bank and in hand | 54/58 | €79,475 | €108,018 | +€28,544 | +35.9% |
| Deferred charges and accrued income | 490/1 | €535 | €822 | +€287 | +53.7% |
| Total equity and liabilities | 10/49 | €133,753 | €160,197 | +€26,443 | +19.8% |
| Equity | 10/15 | €76,364 | €87,093 | +€10,729 | +14.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €57,772 | €68,501 | +€10,729 | +18.6% |
| Distributable reserves | 133 | €57,772 | €68,501 | +€10,729 | +18.6% |
| Amounts payable | 17/49 | €57,389 | €73,104 | +€15,714 | +27.4% |
| Amounts payable within one year | 42/48 | €57,389 | €73,104 | +€15,714 | +27.4% |
| Trade debts | 44 | - | €3,667 | +€3,667 | |
| Suppliers | 440/4 | - | €3,667 | +€3,667 | |
| Taxes, remuneration and social security | 45 | €26,566 | €38,611 | +€12,045 | +45.3% |
| Taxes | 450/3 | €14,320 | €25,916 | +€11,596 | +81.0% |
| Remuneration and social security | 454/9 | €12,246 | €12,695 | +€449 | +3.7% |
| Other amounts payable | 47/48 | €30,824 | €30,826 | +€2 | 0.0% |
| Remuneration, social security and pensions | 62 | €56,594 | €59,603 | +€3,009 | +5.3% |
| Other operating charges | 640/8 | €845 | €875 | +€30 | +3.6% |
| Gross operating margin | 9900 | €66,274 | €77,171 | +€10,897 | +16.4% |
| Operating profit (loss) | 9901 | €8,835 | €16,693 | +€7,858 | +88.9% |
| Financial income | 75/76B | €13 | €988 | +€975 | +7622.8% |
| Recurring financial income | 75 | €13 | €988 | +€975 | +7622.8% |
| Financial charges | 65/66B | €820 | €304 | -€516 | -62.9% |
| Recurring financial charges | 65 | €820 | €304 | -€516 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | €8,027 | €17,376 | +€9,349 | +116.5% |
| Income taxes | 67/77 | €2,464 | €6,647 | +€4,183 | +169.8% |
| Profit (loss) for the period | 9904 | €5,563 | €10,729 | +€5,166 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,563 | €10,729 | +€5,166 | +92.9% |
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 6 October 2026 via checked.be.