AKSENT: 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.
AKSENT
Largest movements
- Tangible fixed assets +€533,850
up €533,850 (+20.1%), from €2.7m to €3.2m
of which Land and buildings: +€411,845
- Cash -€135,635
down €135,635 (-75.6%), from €179,432 to €43,797
mainly Investment in fixed assets (net) (-€642,936) and Contributions, distributions and other (-€36,349)
- Debts within one year +€339,308
up €339,308 (+159.9%), from €212,144 to €551,452
of which Short-term financial debts: +€169,775
- Debts after one year +€75,834
up €75,834 (+7.7%), from €982,685 to €1.1m
- Investment grants -€36,349
down €36,349 (-2.4%), from €1.5m to €1.5m
- Staff costs +€178,278
up €178,278 (+22.6%), from €787,917 to €966,195
- Gross operating margin +€172,992
up €172,992 (+17.7%), from €977,520 to €1.2m
- Depreciation +€39,058
up €39,058 (+55.8%), from €70,027 to €109,086
- Other operating charges +€31,793
up €31,793 (+110.1%), from €28,868 to €60,661
- Financial charges +€22,054
up €22,054 (+104.2%), from €21,171 to €43,225
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 | €3,265,466 | €3,605,583 | +€340,117 | +10.4% |
| Fixed assets | 21/28 | €2,666,516 | €3,200,367 | +€533,850 | +20.0% |
| Tangible fixed assets | 22/27 | €2,661,016 | €3,194,867 | +€533,850 | +20.1% |
| Land and buildings | 22 | €2,655,021 | €3,066,865 | +€411,845 | +15.5% |
| Plant, machinery and equipment | 23 | - | €31,949 | +€31,949 | |
| Furniture and vehicles | 24 | €5,996 | €96,052 | +€90,056 | +1502.0% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €598,950 | €405,216 | -€193,734 | -32.3% |
| Amounts receivable after more than one year | 29 | €247,968 | €212,544 | -€35,424 | -14.3% |
| Other amounts receivable | 291 | €247,968 | €212,544 | -€35,424 | -14.3% |
| Amounts receivable within one year | 40/41 | €163,700 | €137,296 | -€26,404 | -16.1% |
| Trade receivables | 40 | €7,327 | €24,907 | +€17,580 | +239.9% |
| Other amounts receivable | 41 | €156,373 | €112,389 | -€43,984 | -28.1% |
| Cash at bank and in hand | 54/58 | €179,432 | €43,797 | -€135,635 | -75.6% |
| Deferred charges and accrued income | 490/1 | €7,848 | €11,578 | +€3,730 | +47.5% |
| Total equity and liabilities | 10/49 | €3,265,466 | €3,605,583 | +€340,117 | +10.4% |
| Equity | 10/15 | €1,984,571 | €1,919,578 | -€64,993 | -3.3% |
| Reserves | 13 | €175,922 | €175,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,975 | €247,331 | -€28,643 | -10.4% |
| Investment grants | 15 | €1,532,674 | €1,496,324 | -€36,349 | -2.4% |
| Amounts payable | 17/49 | €1,280,895 | €1,686,005 | +€405,109 | +31.6% |
| Amounts payable after more than one year | 17 | €982,685 | €1,058,520 | +€75,834 | +7.7% |
| Financial debts | 170/4 | €982,685 | €1,058,520 | +€75,834 | +7.7% |
| Amounts payable within one year | 42/48 | €212,144 | €551,452 | +€339,308 | +159.9% |
| Current portion of amounts payable after more than one year | 42 | €25,714 | €25,714 | = | 0.0% |
| Financial debts | 43 | €26,291 | €196,066 | +€169,775 | +645.8% |
| Credit institutions | 430/8 | €26,291 | €196,066 | +€169,775 | +645.8% |
| Trade debts | 44 | €17,280 | €39,309 | +€22,028 | +127.5% |
| Suppliers | 440/4 | €17,280 | €39,309 | +€22,028 | +127.5% |
| Taxes, remuneration and social security | 45 | €79,322 | €91,695 | +€12,373 | +15.6% |
| Taxes | 450/3 | €402 | €2,970 | +€2,567 | +638.0% |
| Remuneration and social security | 454/9 | €78,919 | €88,725 | +€9,806 | +12.4% |
| Accrued charges and deferred income | 492/3 | €86,066 | €76,033 | -€10,033 | -11.7% |
| Remuneration, social security and pensions | 62 | €787,917 | €966,195 | +€178,278 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,027 | €109,086 | +€39,058 | +55.8% |
| Other operating charges | 640/8 | €28,868 | €60,661 | +€31,793 | +110.1% |
| Gross operating margin | 9900 | €977,520 | €1,150,512 | +€172,992 | +17.7% |
| Operating profit (loss) | 9901 | €272,504 | €14,571 | -€257,934 | -94.7% |
| Financial income | 75/76B | €260 | €11 | -€248 | -95.6% |
| Recurring financial income | 75 | €260 | €11 | -€248 | -95.6% |
| Financial charges | 65/66B | €21,171 | €43,225 | +€22,054 | +104.2% |
| Recurring financial charges | 65 | €21,171 | €43,225 | +€22,054 | +104.2% |
| Profit (loss) for the period before taxes | 9903 | €251,593 | -€28,643 | -€280,236 | |
| Profit (loss) for the period | 9904 | €251,593 | -€28,643 | -€280,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €251,593 | -€28,643 | -€280,236 |
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 6 October 2026 via checked.be.