AKSHAY: 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.
AKSHAY
Largest movements
- Stocks and contracts +€554,808
up €554,808 (+2101.2%), from €26,405 to €581,213
- Tangible fixed assets -€69,653
down €69,653 (-2.1%), from €3.4m to €3.3m
of which Land and buildings: -€69,873
- Receivables within one year +€45,761
up €45,761 (+163.9%), from €27,919 to €73,680
of which Trade receivables: +€45,481
- Debts after one year +€320,141
up €320,141 (+10.4%), from €3.1m to €3.4m
- Other debts +€206,632
up €206,632 (+1192.4%), from €17,329 to €223,962
- Gross operating margin -€55,626
down €55,626 (-16.0%), from €347,523 to €291,896
- Financial charges -€36,485
down €36,485 (-22.9%), from €159,107 to €122,622
- Taxes -€11,464
down €11,464 (-67.3%), from €17,034 to €5,570
- Depreciation +€10,054
up €10,054 (+7.2%), from €138,773 to €148,827
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 | €3,514,379 | €4,044,806 | +€530,426 | +15.1% |
| Fixed assets | 21/28 | €3,387,809 | €3,318,156 | -€69,653 | -2.1% |
| Tangible fixed assets | 22/27 | €3,387,809 | €3,318,156 | -€69,653 | -2.1% |
| Land and buildings | 22 | €3,381,894 | €3,312,021 | -€69,873 | -2.1% |
| Plant, machinery and equipment | 23 | €5,915 | €3,241 | -€2,674 | -45.2% |
| Furniture and vehicles | 24 | - | €2,894 | +€2,894 | |
| Current assets | 29/58 | €126,570 | €726,650 | +€600,079 | +474.1% |
| Stocks and contracts in progress | 3 | €26,405 | €581,213 | +€554,808 | +2101.2% |
| Stocks | 30/36 | €26,405 | €581,213 | +€554,808 | +2101.2% |
| Amounts receivable within one year | 40/41 | €27,919 | €73,680 | +€45,761 | +163.9% |
| Trade receivables | 40 | €27,919 | €73,400 | +€45,481 | +162.9% |
| Other amounts receivable | 41 | - | €280 | +€280 | |
| Cash at bank and in hand | 54/58 | €72,247 | €71,757 | -€490 | -0.7% |
| Total equity and liabilities | 10/49 | €3,514,379 | €4,044,806 | +€530,426 | +15.1% |
| Equity | 10/15 | €284,486 | €296,227 | +€11,741 | +4.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | €40,000 | - | -€40,000 | |
| Other | 1109/19 | €40,000 | - | -€40,000 | |
| Reserves | 13 | €244,486 | €256,227 | +€11,741 | +4.8% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €240,486 | €252,227 | +€11,741 | +4.9% |
| Amounts payable | 17/49 | €3,229,893 | €3,748,579 | +€518,686 | +16.1% |
| Amounts payable after more than one year | 17 | €3,069,019 | €3,389,160 | +€320,141 | +10.4% |
| Financial debts | 170/4 | €3,069,019 | €3,389,160 | +€320,141 | +10.4% |
| Amounts payable within one year | 42/48 | €159,412 | €359,419 | +€200,007 | +125.5% |
| Current portion of amounts payable after more than one year | 42 | €104,225 | €113,578 | +€9,353 | +9.0% |
| Trade debts | 44 | €21,771 | €206 | -€21,565 | -99.1% |
| Suppliers | 440/4 | €21,771 | €206 | -€21,565 | -99.1% |
| Taxes, remuneration and social security | 45 | €16,086 | €21,673 | +€5,587 | +34.7% |
| Taxes | 450/3 | €15,436 | €21,673 | +€6,237 | +40.4% |
| Remuneration and social security | 454/9 | €650 | - | -€650 | |
| Other amounts payable | 47/48 | €17,329 | €223,962 | +€206,632 | +1192.4% |
| Accrued charges and deferred income | 492/3 | €1,463 | - | -€1,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,773 | €148,827 | +€10,054 | +7.2% |
| Other operating charges | 640/8 | €5,188 | €3,136 | -€2,052 | -39.6% |
| Non-recurring operating charges | 66A | €1,230 | - | -€1,230 | |
| Gross operating margin | 9900 | €347,523 | €291,896 | -€55,626 | -16.0% |
| Operating profit (loss) | 9901 | €202,331 | €139,933 | -€62,398 | -30.8% |
| Financial income | 75/76B | €175 | - | -€175 | |
| Recurring financial income | 75 | €175 | - | -€175 | |
| Financial charges | 65/66B | €159,107 | €122,622 | -€36,485 | -22.9% |
| Recurring financial charges | 65 | €159,107 | €122,622 | -€36,485 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €43,399 | €17,311 | -€26,088 | -60.1% |
| Income taxes | 67/77 | €17,034 | €5,570 | -€11,464 | -67.3% |
| Profit (loss) for the period | 9904 | €26,365 | €11,741 | -€14,625 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,365 | €11,741 | -€14,625 | -55.5% |
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 9 October 2026 via checked.be.