AKOWE: 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.
AKOWE
Largest movements
- Cash +€27,936
up €27,936 (+26.8%), from €104,412 to €132,348
mainly Net result for the year (+€45,635) and Tax, wage and social debts (+€11,829)
- Receivables within one year +€24,852
up €24,852 (+111%), from €22,391 to €47,244
of which Trade receivables: +€23,969
- Tangible fixed assets +€1,850
new in 2025: €1,850
- Profit (loss) carried forward +€45,635
up €45,635 (+43.2%), from €105,678 to €151,313
- Tax, wage and social debts +€11,829
up €11,829 (+607%), from €1,950 to €13,779
of which Taxes: +€13,529
- Other debts -€9,513
down €9,513 (-64.8%), from €14,690 to €5,177
- Trade debts +€5,981
up €5,981 (+222%), from €2,691 to €8,672
- Gross operating margin +€71,012
up €71,012, from -€9,070 to €61,942
- Taxes +€18,340
up €18,340, from -€3,961 to €14,379
- Other operating charges +€1,595
up €1,595 (+442%), from €361 to €1,956
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 | €127,514 | €181,442 | +€53,927 | +42.3% |
| Fixed assets | 21/28 | - | €1,850 | +€1,850 | |
| Tangible fixed assets | 22/27 | - | €1,850 | +€1,850 | |
| Furniture and vehicles | 24 | - | €1,850 | +€1,850 | |
| Current assets | 29/58 | €127,514 | €179,592 | +€52,077 | +40.8% |
| Amounts receivable within one year | 40/41 | €22,391 | €47,244 | +€24,852 | +111% |
| Trade receivables | 40 | €2,418 | €26,387 | +€23,969 | +991% |
| Other amounts receivable | 41 | €19,973 | €20,856 | +€883 | +4.4% |
| Cash at bank and in hand | 54/58 | €104,412 | €132,348 | +€27,936 | +26.8% |
| Deferred charges and accrued income | 490/1 | €711 | - | -€711 | |
| Total equity and liabilities | 10/49 | €127,514 | €181,442 | +€53,927 | +42.3% |
| Equity | 10/15 | €108,178 | €153,813 | +€45,635 | +42.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,678 | €151,313 | +€45,635 | +43.2% |
| Amounts payable | 17/49 | €19,336 | €27,628 | +€8,292 | +42.9% |
| Amounts payable within one year | 42/48 | €19,336 | €27,628 | +€8,292 | +42.9% |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Trade debts | 44 | €2,691 | €8,672 | +€5,981 | +222% |
| Suppliers | 440/4 | €2,691 | €8,672 | +€5,981 | +222% |
| Taxes, remuneration and social security | 45 | €1,950 | €13,779 | +€11,829 | +607% |
| Taxes | 450/3 | €250 | €13,779 | +€13,529 | +5,411% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €14,690 | €5,177 | -€9,513 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €58 | +€58 | |
| Other operating charges | 640/8 | €361 | €1,956 | +€1,595 | +442% |
| Gross operating margin | 9900 | -€9,070 | €61,942 | +€71,012 | |
| Operating profit (loss) | 9901 | -€9,431 | €59,928 | +€69,359 | |
| Financial income | 75/76B | €3 | €392 | +€389 | +14,211% |
| Recurring financial income | 75 | €3 | €392 | +€389 | +14,211% |
| Financial charges | 65/66B | €384 | €306 | -€78 | -20.4% |
| Recurring financial charges | 65 | €384 | €306 | -€78 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,813 | €60,014 | +€69,827 | |
| Income taxes | 67/77 | -€3,961 | €14,379 | +€18,340 | |
| Profit (loss) for the period | 9904 | -€5,851 | €45,635 | +€51,487 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,851 | €45,635 | +€51,487 |
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.