AKM GROUP: 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.
AKM GROUP
Largest movements
- Receivables within one year +€77,827
up €77,827 (+571%), from €13,626 to €91,453
of which Trade receivables: +€54,068
- Tangible fixed assets -€45,249
down €45,249 (-32.8%), from €137,848 to €92,599
- Cash -€25,674
down €25,674 (-98.0%), from €26,207 to €533
mainly Receivables within one year (-€77,827) and Net result for the year (-€36,943)
- Financial fixed assets +€10,000
up €10,000 (+667%), from €1,500 to €11,500
- Deferred charges and accrued income -€3,661
no longer reported in 2025 (was €3,661)
- Tax, wage and social debts +€85,788
up €85,788 (+107%), from €80,093 to €165,882
of which Remuneration and social security: +€72,261
- Profit (loss) carried forward -€36,943
down €36,943 (-97.0%), from -€38,094 to -€75,037
- Debts after one year -€33,223
down €33,223 (-40.3%), from €82,456 to €49,234
- Turnover +€147,909
up €147,909 (+40.7%), from €363,278 to €511,187
- Gross operating margin +€142,701
up €142,701 (+72.4%), from €197,193 to €339,894
- Staff costs +€137,677
up €137,677 (+73.7%), from €186,916 to €324,592
- Purchases and services +€10,537
up €10,537 (+6.2%), from €169,460 to €179,997
- Other operating charges -€8,360
down €8,360 (-85.9%), from €9,734 to €1,373
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 | €182,842 | €196,085 | +€13,243 | +7.2% |
| Fixed assets | 21/28 | €139,348 | €104,099 | -€35,249 | -25.3% |
| Tangible fixed assets | 22/27 | €137,848 | €92,599 | -€45,249 | -32.8% |
| Furniture and vehicles | 24 | €137,848 | €92,599 | -€45,249 | -32.8% |
| Financial fixed assets | 28 | €1,500 | €11,500 | +€10,000 | +667% |
| Current assets | 29/58 | €43,494 | €91,986 | +€48,493 | +111% |
| Amounts receivable within one year | 40/41 | €13,626 | €91,453 | +€77,827 | +571% |
| Trade receivables | 40 | €13,626 | €67,694 | +€54,068 | +397% |
| Other amounts receivable | 41 | - | €23,759 | +€23,759 | |
| Cash at bank and in hand | 54/58 | €26,207 | €533 | -€25,674 | -98.0% |
| Deferred charges and accrued income | 490/1 | €3,661 | - | -€3,661 | |
| Total equity and liabilities | 10/49 | €182,842 | €196,085 | +€13,243 | +7.2% |
| Equity | 10/15 | -€17,634 | -€54,577 | -€36,943 | -210% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,094 | -€75,037 | -€36,943 | -97.0% |
| Amounts payable | 17/49 | €200,476 | €250,662 | +€50,186 | +25.0% |
| Amounts payable after more than one year | 17 | €82,456 | €49,234 | -€33,223 | -40.3% |
| Financial debts | 170/4 | €82,456 | €49,234 | -€33,223 | -40.3% |
| Amounts payable within one year | 42/48 | €118,019 | €201,428 | +€83,409 | +70.7% |
| Current portion of amounts payable after more than one year | 42 | €35,026 | €33,223 | -€1,803 | -5.1% |
| Trade debts | 44 | €2,900 | €2,324 | -€576 | -19.9% |
| Suppliers | 440/4 | €2,900 | €2,324 | -€576 | -19.9% |
| Taxes, remuneration and social security | 45 | €80,093 | €165,882 | +€85,788 | +107% |
| Taxes | 450/3 | €29,159 | €42,687 | +€13,528 | +46.4% |
| Remuneration and social security | 454/9 | €50,934 | €123,195 | +€72,261 | +142% |
| Turnover | 70 | €363,278 | €511,187 | +€147,909 | +40.7% |
| Non-recurring operating income | 76A | - | €620 | +€620 | |
| Goods, raw materials, services and sundry goods | 60/61 | €169,460 | €179,997 | +€10,537 | +6.2% |
| Remuneration, social security and pensions | 62 | €186,916 | €324,592 | +€137,677 | +73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,274 | €45,249 | +€5,975 | +15.2% |
| Other operating charges | 640/8 | €9,734 | €1,373 | -€8,360 | -85.9% |
| Gross operating margin | 9900 | €197,193 | €339,894 | +€142,701 | +72.4% |
| Operating profit (loss) | 9901 | -€38,731 | -€31,321 | +€7,410 | +19.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,432 | €5,622 | -€810 | -12.6% |
| Recurring financial charges | 65 | €6,432 | €5,622 | -€810 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,163 | -€36,943 | +€8,220 | +18.2% |
| Profit (loss) for the period | 9904 | -€45,163 | -€36,943 | +€8,220 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,163 | -€36,943 | +€8,220 | +18.2% |
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.