Aku50: 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.
Aku50
Largest movements
- Cash -€198,805
down €198,805 (-72.1%), from €275,666 to €76,861
mainly Other debts (-€364,472) and Receivables within one year (-€71,014)
- Receivables within one year +€71,014
up €71,014 (+40.6%), from €174,759 to €245,773
of which Other amounts receivable: +€35,783
- Deferred charges and accrued income +€43,908
new in 2025: €43,908
- Tangible fixed assets +€18,724
up €18,724 (+5.2%), from €358,095 to €376,819
of which Plant, machinery and equipment: +€25,031
- Other debts -€364,472
down €364,472 (-81.3%), from €448,372 to €83,901
- Profit (loss) carried forward +€325,058
up €325,058 (+28.6%), from €1.1m to €1.5m
- Trade debts -€25,825
down €25,825 (-99.2%), from €26,021 to €196
- Gross operating margin +€176,693
up €176,693 (+66.3%), from €266,698 to €443,391
- Taxes +€48,327
up €48,327 (+73.4%), from €65,812 to €114,139
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 | €1,641,956 | €1,590,360 | -€51,596 | -3.1% |
| Fixed assets | 21/28 | €358,095 | €376,819 | +€18,724 | +5.2% |
| Tangible fixed assets | 22/27 | €358,095 | €376,819 | +€18,724 | +5.2% |
| Land and buildings | 22 | €303,447 | €309,177 | +€5,730 | +1.9% |
| Plant, machinery and equipment | 23 | - | €25,031 | +€25,031 | |
| Furniture and vehicles | 24 | €54,648 | €42,611 | -€12,037 | -22.0% |
| Current assets | 29/58 | €1,283,861 | €1,213,541 | -€70,320 | -5.5% |
| Amounts receivable within one year | 40/41 | €174,759 | €245,773 | +€71,014 | +40.6% |
| Trade receivables | 40 | €29,891 | €65,122 | +€35,231 | +118% |
| Other amounts receivable | 41 | €144,868 | €180,651 | +€35,783 | +24.7% |
| Current investments | 50/53 | €833,436 | €846,999 | +€13,563 | +1.6% |
| Cash at bank and in hand | 54/58 | €275,666 | €76,861 | -€198,805 | -72.1% |
| Deferred charges and accrued income | 490/1 | - | €43,908 | +€43,908 | |
| Total equity and liabilities | 10/49 | €1,641,956 | €1,590,360 | -€51,596 | -3.1% |
| Equity | 10/15 | €1,161,554 | €1,486,613 | +€325,058 | +28.0% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,137,554 | €1,462,613 | +€325,058 | +28.6% |
| Amounts payable | 17/49 | €480,402 | €103,747 | -€376,654 | -78.4% |
| Amounts payable within one year | 42/48 | €480,402 | €103,747 | -€376,654 | -78.4% |
| Trade debts | 44 | €26,021 | €196 | -€25,825 | -99.2% |
| Suppliers | 440/4 | €26,021 | €196 | -€25,825 | -99.2% |
| Taxes, remuneration and social security | 45 | €6,008 | €19,650 | +€13,642 | +227% |
| Taxes | 450/3 | €6,008 | €19,650 | +€13,642 | +227% |
| Other amounts payable | 47/48 | €448,372 | €83,901 | -€364,472 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,974 | €15,323 | +€1,349 | +9.7% |
| Other operating charges | 640/8 | €1,702 | €1,908 | +€206 | +12.1% |
| Gross operating margin | 9900 | €266,698 | €443,391 | +€176,693 | +66.3% |
| Operating profit (loss) | 9901 | €251,022 | €426,160 | +€175,139 | +69.8% |
| Financial income | 75/76B | €9,347 | €13,196 | +€3,849 | +41.2% |
| Recurring financial income | 75 | €9,347 | €13,196 | +€3,849 | +41.2% |
| Financial charges | 65/66B | €583 | €159 | -€424 | -72.7% |
| Recurring financial charges | 65 | €583 | €159 | -€424 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €259,786 | €439,197 | +€179,411 | +69.1% |
| Income taxes | 67/77 | €65,812 | €114,139 | +€48,327 | +73.4% |
| Profit (loss) for the period | 9904 | €193,974 | €325,058 | +€131,084 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €193,974 | €325,058 | +€131,084 | +67.6% |
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 23 October 2026 via checked.be.