AKO & Co: 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.
AKO & Co
Largest movements
- Receivables within one year +€1,210
up €1,210 (+6.9%), from €17,458 to €18,668
- Cash -€993
down €993 (-76.5%), from €1,298 to €305
mainly Receivables within one year (-€1,210) and Other debts (-€729)
- Tangible fixed assets -€459
down €459 (-34.7%), from €1,324 to €865
- Other debts -€729
down €729 (-7.2%), from €10,160 to €9,430
- Tax, wage and social debts +€246
up €246 (+42.9%), from €574 to €820
- Gross operating margin +€1,235
up €1,235 (+66.8%), from €1,850 to €3,085
- Taxes +€837
up €837 (+233%), from €360 to €1,197
- Other operating charges +€464
up €464 (+57.5%), from €806 to €1,270
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 | €21,876 | €21,633 | -€242 | -1.1% |
| Fixed assets | 21/28 | €3,121 | €2,661 | -€459 | -14.7% |
| Tangible fixed assets | 22/27 | €1,324 | €865 | -€459 | -34.7% |
| Furniture and vehicles | 24 | €1,324 | €865 | -€459 | -34.7% |
| Financial fixed assets | 28 | €1,796 | €1,796 | = | 0.0% |
| Current assets | 29/58 | €18,755 | €18,972 | +€217 | +1.2% |
| Amounts receivable within one year | 40/41 | €17,458 | €18,668 | +€1,210 | +6.9% |
| Trade receivables | 40 | €17,458 | €18,668 | +€1,210 | +6.9% |
| Cash at bank and in hand | 54/58 | €1,298 | €305 | -€993 | -76.5% |
| Total equity and liabilities | 10/49 | €21,876 | €21,633 | -€242 | -1.1% |
| Equity | 10/15 | €11,143 | €11,208 | +€66 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,812 | €39,812 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,616 | €8,616 | = | 0.0% |
| Distributable reserves | 133 | €29,337 | €29,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,269 | -€47,204 | +€66 | +0.1% |
| Amounts payable | 17/49 | €10,733 | €10,425 | -€308 | -2.9% |
| Amounts payable within one year | 42/48 | €10,733 | €10,425 | -€308 | -2.9% |
| Trade debts | 44 | - | €175 | +€175 | |
| Suppliers | 440/4 | - | €175 | +€175 | |
| Taxes, remuneration and social security | 45 | €574 | €820 | +€246 | +42.9% |
| Taxes | 450/3 | €574 | €820 | +€246 | +42.9% |
| Other amounts payable | 47/48 | €10,160 | €9,430 | -€729 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459 | €459 | = | 0.0% |
| Other operating charges | 640/8 | €806 | €1,270 | +€464 | +57.5% |
| Gross operating margin | 9900 | €1,850 | €3,085 | +€1,235 | +66.8% |
| Operating profit (loss) | 9901 | €584 | €1,356 | +€772 | +132% |
| Financial charges | 65/66B | €78 | €94 | +€16 | +20.6% |
| Recurring financial charges | 65 | €78 | €94 | +€16 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €507 | €1,262 | +€756 | +149% |
| Income taxes | 67/77 | €360 | €1,197 | +€837 | +233% |
| Profit (loss) for the period | 9904 | €147 | €66 | -€81 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €147 | €66 | -€81 | -55.3% |
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 13 October 2026 via checked.be.