AKPINAR: 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.
AKPINAR
Largest movements
- Cash +€36,972
up €36,972 (+238.5%), from €15,501 to €52,474
mainly Trade debts (+€28,099) and Net result for the year (+€18,774)
- Trade debts +€28,099
up €28,099 (+36.2%), from €77,716 to €105,815
- Profit (loss) carried forward +€18,774
up €18,774 (+29.6%), from -€63,416 to -€44,642
- Other debts -€9,520
down €9,520 (-78.7%), from €12,091 to €2,571
- Tax, wage and social debts +€2,927
up €2,927 (+24.8%), from €11,803 to €14,730
of which Remuneration and social security: +€3,415
- Current portion of long-term debt -€1,511
down €1,511 (-47.2%), from €3,199 to €1,687
- Gross operating margin +€35,520
up €35,520 (+38.8%), from €91,438 to €126,957
- Staff costs -€4,564
down €4,564 (-4.3%), from €106,429 to €101,866
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 | €62,604 | €100,614 | +€38,010 | +60.7% |
| Fixed assets | 21/28 | €8,468 | €7,768 | -€700 | -8.3% |
| Tangible fixed assets | 22/27 | €1,716 | €1,016 | -€700 | -40.8% |
| Plant, machinery and equipment | 23 | €1,716 | €1,016 | -€700 | -40.8% |
| Financial fixed assets | 28 | €6,751 | €6,751 | = | 0.0% |
| Current assets | 29/58 | €54,136 | €92,846 | +€38,710 | +71.5% |
| Stocks and contracts in progress | 3 | €2,737 | €2,659 | -€77 | -2.8% |
| Stocks | 30/36 | €2,737 | €2,659 | -€77 | -2.8% |
| Amounts receivable within one year | 40/41 | €34,935 | €35,890 | +€955 | +2.7% |
| Trade receivables | 40 | €25,016 | €25,953 | +€937 | +3.7% |
| Other amounts receivable | 41 | €9,919 | €9,937 | +€18 | +0.2% |
| Cash at bank and in hand | 54/58 | €15,501 | €52,474 | +€36,972 | +238.5% |
| Deferred charges and accrued income | 490/1 | €963 | €1,822 | +€859 | +89.2% |
| Total equity and liabilities | 10/49 | €62,604 | €100,614 | +€38,010 | +60.7% |
| Equity | 10/15 | -€42,964 | -€24,190 | +€18,774 | +43.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 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 | -€63,416 | -€44,642 | +€18,774 | +29.6% |
| Amounts payable | 17/49 | €105,568 | €124,803 | +€19,235 | +18.2% |
| Amounts payable after more than one year | 17 | €745 | - | -€745 | |
| Financial debts | 170/4 | €745 | - | -€745 | |
| Amounts payable within one year | 42/48 | €104,809 | €124,803 | +€19,994 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €3,199 | €1,687 | -€1,511 | -47.2% |
| Trade debts | 44 | €77,716 | €105,815 | +€28,099 | +36.2% |
| Suppliers | 440/4 | €77,716 | €105,815 | +€28,099 | +36.2% |
| Taxes, remuneration and social security | 45 | €11,803 | €14,730 | +€2,927 | +24.8% |
| Taxes | 450/3 | €2,113 | €1,625 | -€488 | -23.1% |
| Remuneration and social security | 454/9 | €9,690 | €13,106 | +€3,415 | +35.2% |
| Other amounts payable | 47/48 | €12,091 | €2,571 | -€9,520 | -78.7% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €106,429 | €101,866 | -€4,564 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,653 | €700 | -€953 | -57.7% |
| Other operating charges | 640/8 | €2,059 | €2,782 | +€723 | +35.1% |
| Gross operating margin | 9900 | €91,438 | €126,957 | +€35,520 | +38.8% |
| Operating profit (loss) | 9901 | -€18,704 | €21,610 | +€40,314 | |
| Financial income | 75/76B | €9 | €1 | -€7 | -86.9% |
| Recurring financial income | 75 | €9 | €1 | -€7 | -86.9% |
| Financial charges | 65/66B | €2,721 | €2,808 | +€87 | +3.2% |
| Recurring financial charges | 65 | €2,721 | €2,808 | +€87 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,416 | €18,803 | +€40,219 | |
| Income taxes | 67/77 | €36 | €29 | -€7 | -18.9% |
| Profit (loss) for the period | 9904 | -€21,452 | €18,774 | +€40,226 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,452 | €18,774 | +€40,226 |
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 8 October 2026 via checked.be.