AKW INTERNATIONAL: 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.
What changed
AKW INTERNATIONAL
NACE 46.836, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€182,940
2024 · €175,319+€7,622
Equity
€1.6m
2024 · €1.4m+€182,940
Cash
€1.2m
2024 · €754,320+€485,293
Balance sheet total
€9.4m
2024 · €9.2m+€247,054
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-29.9%), from €4.1m to €2.9m
- Receivables within one year +€951,715
up €951,715 (+22.4%), from €4.2m to €5.2m
of which Trade receivables: +€967,973
- Cash +€485,293
up €485,293 (+64.3%), from €754,320 to €1.2m
mainly Stocks and contracts (+€1.2m) and Accrued charges and deferred income (+€239,316)
Equity and liabilities
- Accrued charges and deferred income +€239,316
up €239,316 (+20.4%), from €1.2m to €1.4m
- Profit (loss) carried forward +€182,940
up €182,940 (+6.4%), from -€2.9m to -€2.7m
- Trade debts -€157,643
down €157,643 (-2.6%), from €6.0m to €5.9m
of which Suppliers: -€241,405
Income statement
- Turnover +€1.4m
up €1.4m (+11.8%), from €11.7m to €13.1m
- Goods and materials +€553,135
up €553,135 (+7.6%), from €7.2m to €7.8m
of which Change in stocks: decrease (increase): +€3.0m
- Staff costs +€285,413
up €285,413 (+13.5%), from €2.1m to €2.4m
- Write-downs +€266,645
up €266,645 (+1,608%), from €16,583 to €283,228
- Services and other goods +€155,366
up €155,366 (+7.3%), from €2.1m to €2.3m
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.
Result 2024
€175,319
Turnover
+€1.4m
Other operating income
-€15,061
Goods and materials
-€553,135
Services and other goods
-€155,366
Staff costs
-€285,413
Depreciation
-€588
Write-downs
-€266,645
Other operating charges
-€111,005
Other operating items
+€28,467
Financial charges
-€2,891
Taxes
-€15,290
Result 2025
€182,940
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€522,962
Investment
-€37,670
Financing
€0
Cash 2024
€754,320
From operations (derived)
+€522,962
Net result for the year
+€182,940
Depreciation
+€18,560
Stocks and contracts
+€1.2m
Receivables within one year
-€951,715
Deferred charges and accrued income
-€13,530
Trade debts
-€157,643
Tax, wage and social debts
-€15,802
Other debts
-€1,757
Accrued charges and deferred income
+€239,316
Investment (derived)
-€37,670
Investment in fixed assets (net)
-€37,670
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,195,260 | €9,442,314 | +€247,054 | +2.7% |
| Fixed assets | 21/28 | €46,033 | €65,143 | +€19,109 | +41.5% |
| Intangible fixed assets | 21 | €1,902 | €12,488 | +€10,586 | +557% |
| Tangible fixed assets | 22/27 | €28,171 | €36,694 | +€8,523 | +30.3% |
| Furniture and vehicles | 24 | €20,626 | €29,891 | +€9,265 | +44.9% |
| Other tangible fixed assets | 26 | €7,545 | €6,803 | -€742 | -9.8% |
| Financial fixed assets | 28 | €15,960 | €15,960 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,960 | €15,960 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,960 | €15,960 | = | 0.0% |
| Current assets | 29/58 | €9,149,226 | €9,377,171 | +€227,945 | +2.5% |
| Stocks and contracts in progress | 3 | €4,095,154 | €2,872,561 | -€1.2m | -29.9% |
| Stocks | 30/36 | €4,095,154 | €2,872,561 | -€1.2m | -29.9% |
| Goods purchased for resale | 34 | €4,095,154 | €2,872,561 | -€1.2m | -29.9% |
| Amounts receivable within one year | 40/41 | €4,243,462 | €5,195,177 | +€951,715 | +22.4% |
| Trade receivables | 40 | €4,201,938 | €5,169,911 | +€967,973 | +23.0% |
| Other amounts receivable | 41 | €41,524 | €25,266 | -€16,258 | -39.2% |
| Cash at bank and in hand | 54/58 | €754,320 | €1,239,612 | +€485,293 | +64.3% |
| Deferred charges and accrued income | 490/1 | €56,291 | €69,821 | +€13,530 | +24.0% |
| Total equity and liabilities | 10/49 | €9,195,260 | €9,442,314 | +€247,054 | +2.7% |
| Equity | 10/15 | €1,410,869 | €1,593,810 | +€182,940 | +13.0% |
| Contributions | 10/11 | €4,261,500 | €4,261,500 | = | 0.0% |
| Capital | 10 | €4,261,500 | €4,261,500 | = | 0.0% |
| Issued capital | 100 | €4,261,500 | €4,261,500 | = | 0.0% |
| Reserves | 13 | €1,323 | €1,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,323 | €1,323 | = | 0.0% |
| Legal reserve | 130 | €1,323 | €1,323 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,851,953 | -€2,669,013 | +€182,940 | +6.4% |
| Amounts payable | 17/49 | €7,784,390 | €7,848,504 | +€64,114 | +0.8% |
| Amounts payable within one year | 42/48 | €6,611,575 | €6,436,373 | -€175,203 | -2.6% |
| Trade debts | 44 | €6,028,355 | €5,870,712 | -€157,643 | -2.6% |
| Suppliers | 440/4 | €6,028,355 | €5,786,950 | -€241,405 | -4.0% |
| Bills of exchange payable | 441 | - | €83,762 | +€83,762 | |
| Taxes, remuneration and social security | 45 | €533,866 | €518,064 | -€15,802 | -3.0% |
| Taxes | 450/3 | €154,466 | €136,022 | -€18,444 | -11.9% |
| Remuneration and social security | 454/9 | €379,400 | €382,041 | +€2,642 | +0.7% |
| Other amounts payable | 47/48 | €49,354 | €47,597 | -€1,757 | -3.6% |
| Accrued charges and deferred income | 492/3 | €1,172,815 | €1,412,132 | +€239,316 | +20.4% |
| Operating income | 70/76A | €11,840,906 | €13,210,394 | +€1.4m | +11.6% |
| Turnover | 70 | €11,733,243 | €13,117,792 | +€1.4m | +11.8% |
| Other operating income | 74 | €107,663 | €92,602 | -€15,061 | -14.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €11,583,546 | €12,927,231 | +€1.3m | +11.6% |
| Goods for resale, raw materials and consumables | 60 | €7,234,660 | €7,787,795 | +€553,135 | +7.6% |
| Purchases | 600/8 | €9,273,188 | €6,844,917 | -€2.4m | -26.2% |
| Change in stocks: decrease (increase) | 609 | -€2,038,528 | €942,878 | +€3.0m | |
| Services and other goods | 61 | €2,136,946 | €2,292,313 | +€155,366 | +7.3% |
| Remuneration, social security and pensions | 62 | €2,116,375 | €2,401,788 | +€285,413 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,973 | €18,560 | +€588 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,583 | €283,228 | +€266,645 | +1,608% |
| Other operating charges | 640/8 | €32,542 | €143,547 | +€111,005 | +341% |
| Non-recurring operating charges | 66A | €28,467 | €0 | -€28,467 | -100% |
| Operating profit (loss) | 9901 | €257,360 | €283,163 | +€25,803 | +10.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €24,290 | €27,181 | +€2,891 | +11.9% |
| Recurring financial charges | 65 | €24,290 | €27,181 | +€2,891 | +11.9% |
| Other financial charges | 652/9 | €24,290 | €27,181 | +€2,891 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €233,070 | €255,982 | +€22,912 | +9.8% |
| Income taxes | 67/77 | €57,752 | €73,042 | +€15,290 | +26.5% |
| Taxes | 670/3 | €57,752 | €73,042 | +€15,290 | +26.5% |
| Profit (loss) for the period | 9904 | €175,319 | €182,940 | +€7,622 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €175,319 | €182,940 | +€7,622 | +4.3% |
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 25 October 2026 via checked.be.