AKRA: 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.
AKRA
Largest movements
- Receivables within one year -€154,465
down €154,465 (-73.6%), from €209,845 to €55,379
of which Other amounts receivable: -€154,361
- Tangible fixed assets -€64,378
down €64,378 (-7.3%), from €876,059 to €811,681
of which Land and buildings: -€44,349
- Debts after one year -€350,000
down €350,000 (-41.2%), from €850,000 to €500,000
- Other debts +€280,986
up €280,986, from €0 to €280,986
- Profit (loss) carried forward -€163,623
down €163,623 (-11.2%), from -€1.5m to -€1.6m
- Financial income -€57,495
down €57,495 (-96.6%), from €59,532 to €2,037
- Gross operating margin -€25,730
down €25,730 (-62.1%), from -€41,426 to -€67,156
- Financial charges -€17,852
down €17,852 (-52.7%), from €33,894 to €16,042
- Depreciation +€2,892
up €2,892 (+4.1%), from €70,817 to €73,710
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 | €2,454,715 | €2,228,699 | -€226,016 | -9.2% |
| Fixed assets | 21/28 | €1,083,968 | €1,019,590 | -€64,378 | -5.9% |
| Tangible fixed assets | 22/27 | €876,059 | €811,681 | -€64,378 | -7.3% |
| Land and buildings | 22 | €792,641 | €748,292 | -€44,349 | -5.6% |
| Plant, machinery and equipment | 23 | - | €3,729 | +€3,729 | |
| Furniture and vehicles | 24 | €83,418 | €59,660 | -€23,758 | -28.5% |
| Financial fixed assets | 28 | €207,909 | €207,909 | = | 0.0% |
| Current assets | 29/58 | €1,370,747 | €1,209,109 | -€161,638 | -11.8% |
| Stocks and contracts in progress | 3 | €1,142,786 | €1,145,196 | +€2,410 | +0.2% |
| Stocks | 30/36 | €1,142,786 | €1,145,196 | +€2,410 | +0.2% |
| Amounts receivable within one year | 40/41 | €209,845 | €55,379 | -€154,465 | -73.6% |
| Trade receivables | 40 | €105 | €0 | -€105 | -100.0% |
| Other amounts receivable | 41 | €209,740 | €55,379 | -€154,361 | -73.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,244 | €6,071 | -€4,173 | -40.7% |
| Deferred charges and accrued income | 490/1 | €7,872 | €2,463 | -€5,409 | -68.7% |
| Total equity and liabilities | 10/49 | €2,454,715 | €2,228,699 | -€226,016 | -9.2% |
| Equity | 10/15 | €1,596,906 | €1,433,283 | -€163,623 | -10.2% |
| Contributions | 10/11 | €3,050,000 | €3,050,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,458,094 | -€1,621,717 | -€163,623 | -11.2% |
| Amounts payable | 17/49 | €857,809 | €795,415 | -€62,393 | -7.3% |
| Amounts payable after more than one year | 17 | €850,000 | €500,000 | -€350,000 | -41.2% |
| Financial debts | 170/4 | €850,000 | €500,000 | -€350,000 | -41.2% |
| Amounts payable within one year | 42/48 | €3,072 | €295,415 | +€292,343 | +9515.3% |
| Trade debts | 44 | €375 | €11,705 | +€11,330 | +3022.8% |
| Suppliers | 440/4 | €375 | €11,705 | +€11,330 | +3022.8% |
| Taxes, remuneration and social security | 45 | €2,698 | €2,725 | +€27 | +1.0% |
| Taxes | 450/3 | €2,698 | €2,725 | +€27 | +1.0% |
| Other amounts payable | 47/48 | €0 | €280,986 | +€280,986 | |
| Accrued charges and deferred income | 492/3 | €4,736 | €0 | -€4,736 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,817 | €73,710 | +€2,892 | +4.1% |
| Other operating charges | 640/8 | €7,198 | €7,455 | +€257 | +3.6% |
| Gross operating margin | 9900 | -€41,426 | -€67,156 | -€25,730 | -62.1% |
| Operating profit (loss) | 9901 | -€119,442 | -€148,321 | -€28,879 | -24.2% |
| Financial income | 75/76B | €59,532 | €2,037 | -€57,495 | -96.6% |
| Recurring financial income | 75 | €59,532 | €2,037 | -€57,495 | -96.6% |
| Financial charges | 65/66B | €33,894 | €16,042 | -€17,852 | -52.7% |
| Recurring financial charges | 65 | €33,894 | €16,042 | -€17,852 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | -€93,803 | -€162,325 | -€68,522 | -73.0% |
| Income taxes | 67/77 | €1,285 | €1,297 | +€13 | +1.0% |
| Profit (loss) for the period | 9904 | -€95,088 | -€163,623 | -€68,535 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,088 | -€163,623 | -€68,535 | -72.1% |
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 12 October 2026 via checked.be.