AKU: 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.
AKU
Largest movements
- Tangible fixed assets +€154,277
up €154,277 (+82.2%), from €187,769 to €342,046
of which Plant, machinery and equipment: +€151,136
- Receivables within one year +€60,453
up €60,453 (+54.4%), from €111,093 to €171,546
- Cash +€17,109
up €17,109 (+69.9%), from €24,469 to €41,578
mainly Debts after one year (+€94,039) and Accrued charges and deferred income (+€86,023)
- Deferred charges and accrued income +€9,597
up €9,597 (+2064.1%), from €465 to €10,062
- Debts after one year +€94,039
up €94,039 (+62.0%), from €151,762 to €245,801
- Accrued charges and deferred income +€86,023
up €86,023 (+1633.7%), from €5,265 to €91,289
- Reserves +€50,000
up €50,000 (+38.5%), from €130,000 to €180,000
- Current portion of long-term debt +€23,740
up €23,740 (+44.9%), from €52,839 to €76,579
- Trade debts -€16,008
down €16,008 (-72.3%), from €22,132 to €6,124
- Staff costs +€27,862
up €27,862 (+135.8%), from €20,523 to €48,385
- Gross operating margin +€26,269
up €26,269 (+14.2%), from €184,861 to €211,129
- Depreciation +€24,732
up €24,732 (+43.5%), from €56,809 to €81,541
- Taxes -€18,283
down €18,283 (-49.0%), from €37,316 to €19,033
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 | €480,121 | €723,519 | +€243,399 | +50.7% |
| Fixed assets | 21/28 | €193,539 | €349,779 | +€156,240 | +80.7% |
| Tangible fixed assets | 22/27 | €187,769 | €342,046 | +€154,277 | +82.2% |
| Plant, machinery and equipment | 23 | €164,514 | €315,650 | +€151,136 | +91.9% |
| Furniture and vehicles | 24 | €23,255 | €26,396 | +€3,141 | +13.5% |
| Financial fixed assets | 28 | €5,770 | €7,733 | +€1,963 | +34.0% |
| Current assets | 29/58 | €286,582 | €373,740 | +€87,159 | +30.4% |
| Stocks and contracts in progress | 3 | €150,554 | €150,554 | = | 0.0% |
| Stocks | 30/36 | €150,554 | €150,554 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,093 | €171,546 | +€60,453 | +54.4% |
| Trade receivables | 40 | €111,093 | €171,546 | +€60,453 | +54.4% |
| Cash at bank and in hand | 54/58 | €24,469 | €41,578 | +€17,109 | +69.9% |
| Deferred charges and accrued income | 490/1 | €465 | €10,062 | +€9,597 | +2064.1% |
| Total equity and liabilities | 10/49 | €480,121 | €723,519 | +€243,399 | +50.7% |
| Equity | 10/15 | €145,129 | €196,496 | +€51,367 | +35.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €180,000 | +€50,000 | +38.5% |
| Distributable reserves | 133 | €130,000 | €180,000 | +€50,000 | +38.5% |
| Profit (loss) carried forward | 14 | €5,129 | €6,496 | +€1,367 | +26.7% |
| Amounts payable | 17/49 | €334,992 | €527,023 | +€192,031 | +57.3% |
| Amounts payable after more than one year | 17 | €151,762 | €245,801 | +€94,039 | +62.0% |
| Financial debts | 170/4 | €151,762 | €245,801 | +€94,039 | +62.0% |
| Amounts payable within one year | 42/48 | €177,965 | €189,933 | +€11,968 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €52,839 | €76,579 | +€23,740 | +44.9% |
| Trade debts | 44 | €22,132 | €6,124 | -€16,008 | -72.3% |
| Suppliers | 440/4 | €22,132 | €6,124 | -€16,008 | -72.3% |
| Taxes, remuneration and social security | 45 | €64,424 | €52,755 | -€11,669 | -18.1% |
| Taxes | 450/3 | €54,440 | €39,058 | -€15,381 | -28.3% |
| Remuneration and social security | 454/9 | €9,984 | €13,696 | +€3,712 | +37.2% |
| Other amounts payable | 47/48 | €38,571 | €54,476 | +€15,905 | +41.2% |
| Accrued charges and deferred income | 492/3 | €5,265 | €91,289 | +€86,023 | +1633.7% |
| Non-recurring operating income | 76A | - | €1,573 | +€1,573 | |
| Remuneration, social security and pensions | 62 | €20,523 | €48,385 | +€27,862 | +135.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,809 | €81,541 | +€24,732 | +43.5% |
| Other operating charges | 640/8 | €7,332 | €8,124 | +€792 | +10.8% |
| Non-recurring operating charges | 66A | - | €388 | +€388 | |
| Gross operating margin | 9900 | €184,861 | €211,129 | +€26,269 | +14.2% |
| Operating profit (loss) | 9901 | €100,196 | €72,690 | -€27,506 | -27.5% |
| Financial income | 75/76B | €130 | €85 | -€45 | -34.7% |
| Recurring financial income | 75 | €130 | €85 | -€45 | -34.7% |
| Financial charges | 65/66B | €1,694 | €2,375 | +€681 | +40.2% |
| Recurring financial charges | 65 | €1,694 | €2,375 | +€681 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €98,632 | €70,401 | -€28,231 | -28.6% |
| Income taxes | 67/77 | €37,316 | €19,033 | -€18,283 | -49.0% |
| Profit (loss) for the period | 9904 | €61,316 | €51,367 | -€9,948 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,316 | €51,367 | -€9,948 | -16.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.