AKRE Management: 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.
AKRE Management
Largest movements
- Cash -€71,781
down €71,781 (-48.6%), from €147,787 to €76,007
mainly Contributions, distributions and other (-€141,945) and Receivables within one year (-€5,515)
- Receivables within one year +€5,515
up €5,515 (+316%), from €1,745 to €7,260
of which Trade receivables: +€7,260
- Profit (loss) carried forward -€141,945
no longer reported in 2025 (was €141,945)
- Reserves +€58,986
new in 2025: €58,986
- Tax, wage and social debts +€13,985
up €13,985 (+68.4%), from €20,441 to €34,427
- Taxes +€10,242
up €10,242 (+50.7%), from €20,191 to €30,433
- Gross operating margin +€8,956
up €8,956 (+10.6%), from €84,356 to €93,312
- Depreciation +€1,685
up €1,685 (+100%), from €1,681 to €3,366
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 | €169,334 | €102,017 | -€67,317 | -39.8% |
| Fixed assets | 21/28 | €19,802 | €18,750 | -€1,052 | -5.3% |
| Tangible fixed assets | 22/27 | €19,802 | €18,750 | -€1,052 | -5.3% |
| Land and buildings | 22 | €19,182 | €16,387 | -€2,796 | -14.6% |
| Furniture and vehicles | 24 | €620 | €2,364 | +€1,744 | +281% |
| Current assets | 29/58 | €149,532 | €83,267 | -€66,265 | -44.3% |
| Amounts receivable within one year | 40/41 | €1,745 | €7,260 | +€5,515 | +316% |
| Trade receivables | 40 | - | €7,260 | +€7,260 | |
| Other amounts receivable | 41 | €1,745 | - | -€1,745 | |
| Cash at bank and in hand | 54/58 | €147,787 | €76,007 | -€71,781 | -48.6% |
| Total equity and liabilities | 10/49 | €169,334 | €102,017 | -€67,317 | -39.8% |
| Equity | 10/15 | €144,945 | €61,986 | -€82,959 | -57.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €58,986 | +€58,986 | |
| Distributable reserves | 133 | - | €58,986 | +€58,986 | |
| Profit (loss) carried forward | 14 | €141,945 | - | -€141,945 | |
| Amounts payable | 17/49 | €24,389 | €40,031 | +€15,642 | +64.1% |
| Amounts payable within one year | 42/48 | €24,389 | €40,031 | +€15,642 | +64.1% |
| Trade debts | 44 | €1,013 | €1,110 | +€97 | +9.6% |
| Suppliers | 440/4 | €1,013 | €1,110 | +€97 | +9.6% |
| Taxes, remuneration and social security | 45 | €20,441 | €34,427 | +€13,985 | +68.4% |
| Taxes | 450/3 | €20,441 | €34,427 | +€13,985 | +68.4% |
| Other amounts payable | 47/48 | €2,935 | €4,495 | +€1,560 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,681 | €3,366 | +€1,685 | +100% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €84,356 | €93,312 | +€8,956 | +10.6% |
| Operating profit (loss) | 9901 | €82,290 | €89,559 | +€7,268 | +8.8% |
| Financial charges | 65/66B | €348 | €140 | -€208 | -59.8% |
| Recurring financial charges | 65 | €348 | €140 | -€208 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €81,942 | €89,419 | +€7,476 | +9.1% |
| Income taxes | 67/77 | €20,191 | €30,433 | +€10,242 | +50.7% |
| Profit (loss) for the period | 9904 | €61,751 | €58,986 | -€2,765 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,751 | €58,986 | -€2,765 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.