AKUM: 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.
AKUM
Largest movements
- Stocks and contracts +€84,716
up €84,716 (+173.1%), from €48,929 to €133,646
- Tangible fixed assets -€27,772
down €27,772 (-19.4%), from €143,277 to €115,505
of which Leasing and similar rights: -€26,644
- Receivables within one year +€20,402
up €20,402 (+3.6%), from €573,616 to €594,018
of which Other amounts receivable: +€137,394
- Profit (loss) carried forward +€43,121
up €43,121 (+36.5%), from €118,064 to €161,185
- Trade debts +€18,920
up €18,920 (+5.9%), from €321,081 to €340,001
- Debts after one year -€15,005
down €15,005 (-21.7%), from €69,097 to €54,092
- Advances received +€14,736
new in 2025: €14,736
- Depreciation +€26,550
up €26,550 (+2173.0%), from €1,222 to €27,772
- Gross operating margin -€13,325
down €13,325 (-9.3%), from €143,305 to €129,979
- Financial charges +€4,610
up €4,610 (+39.2%), from €11,755 to €16,365
- Other operating charges +€4,404
up €4,404 (+47.8%), from €9,215 to €13,619
- Taxes +€3,605
up €3,605 (+12.8%), from €28,072 to €31,677
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 | €812,308 | €874,898 | +€62,590 | +7.7% |
| Fixed assets | 21/28 | €143,277 | €115,505 | -€27,772 | -19.4% |
| Tangible fixed assets | 22/27 | €143,277 | €115,505 | -€27,772 | -19.4% |
| Leasing and similar rights | 25 | €132,345 | €105,702 | -€26,644 | -20.1% |
| Other tangible fixed assets | 26 | €10,932 | €9,804 | -€1,128 | -10.3% |
| Current assets | 29/58 | €669,030 | €759,393 | +€90,362 | +13.5% |
| Stocks and contracts in progress | 3 | €48,929 | €133,646 | +€84,716 | +173.1% |
| Stocks | 30/36 | €48,929 | €133,646 | +€84,716 | +173.1% |
| Amounts receivable within one year | 40/41 | €573,616 | €594,018 | +€20,402 | +3.6% |
| Trade receivables | 40 | €509,450 | €392,458 | -€116,992 | -23.0% |
| Other amounts receivable | 41 | €64,166 | €201,560 | +€137,394 | +214.1% |
| Cash at bank and in hand | 54/58 | €29,567 | €21,963 | -€7,604 | -25.7% |
| Deferred charges and accrued income | 490/1 | €16,918 | €9,766 | -€7,152 | -42.3% |
| Total equity and liabilities | 10/49 | €812,308 | €874,898 | +€62,590 | +7.7% |
| Equity | 10/15 | €251,064 | €294,185 | +€43,121 | +17.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €103,000 | €103,000 | = | 0.0% |
| Distributable reserves | 133 | €103,000 | €103,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,064 | €161,185 | +€43,121 | +36.5% |
| Amounts payable | 17/49 | €561,244 | €580,713 | +€19,469 | +3.5% |
| Amounts payable after more than one year | 17 | €69,097 | €54,092 | -€15,005 | -21.7% |
| Financial debts | 170/4 | €69,097 | €54,092 | -€15,005 | -21.7% |
| Amounts payable within one year | 42/48 | €489,554 | €523,945 | +€34,390 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €14,405 | €16,463 | +€2,058 | +14.3% |
| Financial debts | 43 | €98,000 | €98,000 | = | 0.0% |
| Credit institutions | 430/8 | €98,000 | €98,000 | = | 0.0% |
| Trade debts | 44 | €321,081 | €340,001 | +€18,920 | +5.9% |
| Suppliers | 440/4 | €321,081 | €340,001 | +€18,920 | +5.9% |
| Advances received on contracts in progress | 46 | - | €14,736 | +€14,736 | |
| Taxes, remuneration and social security | 45 | €56,068 | €54,745 | -€1,323 | -2.4% |
| Taxes | 450/3 | €56,068 | €54,745 | -€1,323 | -2.4% |
| Accrued charges and deferred income | 492/3 | €2,592 | €2,676 | +€84 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222 | €27,772 | +€26,550 | +2173.0% |
| Other operating charges | 640/8 | €9,215 | €13,619 | +€4,404 | +47.8% |
| Gross operating margin | 9900 | €143,305 | €129,979 | -€13,325 | -9.3% |
| Operating profit (loss) | 9901 | €132,868 | €88,588 | -€44,279 | -33.3% |
| Financial income | 75/76B | €1,488 | €2,575 | +€1,087 | +73.0% |
| Recurring financial income | 75 | €1,488 | €2,575 | +€1,087 | +73.0% |
| Financial charges | 65/66B | €11,755 | €16,365 | +€4,610 | +39.2% |
| Recurring financial charges | 65 | €11,755 | €16,365 | +€4,610 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €122,601 | €74,798 | -€47,803 | -39.0% |
| Income taxes | 67/77 | €28,072 | €31,677 | +€3,605 | +12.8% |
| Profit (loss) for the period | 9904 | €94,529 | €43,121 | -€51,408 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,529 | €43,121 | -€51,408 | -54.4% |
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 12 October 2026 via checked.be.