AKOS BELGIUM: 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.
What changed
AKOS BELGIUM
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€61,663
2024 · -€40,299-€21,365
Equity
€2.9m
2024 · €3.0m-€61,663
Cash
€14,600
2024 · €14,654-€54
Balance sheet total
€6.8m
2024 · €6.6m+€268,069
Largest movements
Assets
- Tangible fixed assets +€337,188
up €337,188 (+7.7%), from €4.4m to €4.7m
of which Assets under construction and advance payments: +€714,542
Equity and liabilities
- Trade debts +€680,971
up €680,971 (+660%), from €103,104 to €784,075
- Debts after one year -€228,459
down €228,459 (-10.3%), from €2.2m to €2.0m
- Reserves -€91,112
down €91,112 (-4.8%), from €1.9m to €1.8m
of which Tax-exempt reserves: -€106,430
Income statement
- Gross operating margin -€25,836
down €25,836 (-6.4%), from €405,523 to €379,687
- Other operating charges +€22,712
up €22,712 (+62.4%), from €36,388 to €59,100
- Financial charges -€16,727
down €16,727 (-19.8%), from €84,383 to €67,656
- Taxes -€8,610
down €8,610 (-29.0%), from €29,704 to €21,094
- Financial income +€6,199
up €6,199 (+19.0%), from €32,573 to €38,772
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.
Result 2024
-€40,299
Gross operating margin
-€25,836
Depreciation
-€4,353
Other operating charges
-€22,712
Financial income
+€6,199
Financial charges
+€16,727
Taxes
+€8,610
Result 2025
-€61,663
raises the resultlowers the result
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.
From operations
+€976,961
Investment
-€714,542
Financing
-€262,473
Cash 2024
€14,654
From operations (derived)
+€976,961
Net result for the year
-€61,663
Depreciation
+€377,354
Receivables within one year
+€67,941
Smaller working-capital items
-€506
Provisions
-€45,081
Trade debts
+€680,971
Tax, wage and social debts
-€42,054
Investment (derived)
-€714,542
Investment in fixed assets (net)
-€714,542
Financing
-€262,473
Debts after one year
-€228,459
Current portion of long-term debt
-€2,836
Short-term financial debts
-€31,178
Cash 2025
€14,600
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,570,399 | €6,838,467 | +€268,069 | +4.1% |
| Fixed assets | 21/28 | €4,396,094 | €4,733,282 | +€337,188 | +7.7% |
| Tangible fixed assets | 22/27 | €4,396,094 | €4,733,282 | +€337,188 | +7.7% |
| Land and buildings | 22 | €3,888,738 | €3,572,086 | -€316,652 | -8.1% |
| Other tangible fixed assets | 26 | €507,357 | €446,655 | -€60,702 | -12.0% |
| Assets under construction and advance payments | 27 | - | €714,542 | +€714,542 | |
| Current assets | 29/58 | €2,174,304 | €2,105,185 | -€69,119 | -3.2% |
| Amounts receivable within one year | 40/41 | €2,158,526 | €2,090,585 | -€67,941 | -3.1% |
| Trade receivables | 40 | €38,394 | €8,091 | -€30,304 | -78.9% |
| Other amounts receivable | 41 | €2,120,132 | €2,082,494 | -€37,637 | -1.8% |
| Cash at bank and in hand | 54/58 | €14,654 | €14,600 | -€54 | -0.4% |
| Deferred charges and accrued income | 490/1 | €1,125 | - | -€1,125 | |
| Total equity and liabilities | 10/49 | €6,570,399 | €6,838,467 | +€268,069 | +4.1% |
| Equity | 10/15 | €2,970,595 | €2,908,931 | -€61,663 | -2.1% |
| Contributions | 10/11 | €488,500 | €488,500 | = | 0.0% |
| Capital | 10 | €488,500 | €488,500 | = | 0.0% |
| Issued capital | 100 | €488,500 | €488,500 | = | 0.0% |
| Revaluation surpluses | 12 | €63,919 | €50,839 | -€13,080 | -20.5% |
| Reserves | 13 | €1,902,332 | €1,811,221 | -€91,112 | -4.8% |
| Non-distributable reserves | 130/1 | €39,148 | €41,387 | +€2,238 | +5.7% |
| Legal reserve | 130 | €39,148 | €41,387 | +€2,238 | +5.7% |
| Tax-exempt reserves | 132 | €1,458,904 | €1,352,474 | -€106,430 | -7.3% |
| Distributable reserves | 133 | €404,280 | €417,360 | +€13,080 | +3.2% |
| Profit (loss) carried forward | 14 | €515,843 | €558,372 | +€42,528 | +8.2% |
| Provisions and deferred taxes | 16 | €591,225 | €546,144 | -€45,081 | -7.6% |
| Deferred taxes | 168 | €591,225 | €546,144 | -€45,081 | -7.6% |
| Amounts payable | 17/49 | €3,008,579 | €3,383,392 | +€374,813 | +12.5% |
| Amounts payable after more than one year | 17 | €2,227,187 | €1,998,728 | -€228,459 | -10.3% |
| Financial debts | 170/4 | €2,227,187 | €1,998,728 | -€228,459 | -10.3% |
| Amounts payable within one year | 42/48 | €781,392 | €1,384,665 | +€603,272 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | €231,295 | €228,459 | -€2,836 | -1.2% |
| Financial debts | 43 | €45,679 | €14,500 | -€31,178 | -68.3% |
| Credit institutions | 430/8 | €45,679 | €14,500 | -€31,178 | -68.3% |
| Trade debts | 44 | €103,104 | €784,075 | +€680,971 | +660% |
| Suppliers | 440/4 | €103,104 | €784,075 | +€680,971 | +660% |
| Taxes, remuneration and social security | 45 | €63,148 | €21,094 | -€42,054 | -66.6% |
| Taxes | 450/3 | €63,148 | €21,094 | -€42,054 | -66.6% |
| Other amounts payable | 47/48 | €338,167 | €336,536 | -€1,630 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,001 | €377,354 | +€4,353 | +1.2% |
| Other operating charges | 640/8 | €36,388 | €59,100 | +€22,712 | +62.4% |
| Gross operating margin | 9900 | €405,523 | €379,687 | -€25,836 | -6.4% |
| Operating profit (loss) | 9901 | -€3,866 | -€56,767 | -€52,901 | -1,368% |
| Financial income | 75/76B | €32,573 | €38,772 | +€6,199 | +19.0% |
| Recurring financial income | 75 | €32,573 | €38,772 | +€6,199 | +19.0% |
| Financial charges | 65/66B | €84,383 | €67,656 | -€16,727 | -19.8% |
| Recurring financial charges | 65 | €84,383 | €67,656 | -€16,727 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€55,676 | -€85,651 | -€29,975 | -53.8% |
| Transfer from deferred taxes | 780 | €45,081 | €45,081 | = | 0.0% |
| Income taxes | 67/77 | €29,704 | €21,094 | -€8,610 | -29.0% |
| Profit (loss) for the period | 9904 | -€40,299 | -€61,663 | -€21,365 | -53.0% |
| Transfer from tax-exempt reserves | 789 | €106,520 | €106,430 | -€90 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,221 | €44,767 | -€21,455 | -32.4% |
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 28 October 2026 via checked.be.