AKWA: 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.
AKWA
Largest movements
- Receivables within one year -€13,419
down €13,419 (-60.8%), from €22,056 to €8,637
of which Trade receivables: -€12,316
- Tangible fixed assets +€1,870
up €1,870 (+89.4%), from €2,091 to €3,960
of which Plant, machinery and equipment: +€2,427
- Cash -€1,548
down €1,548 (-5.6%), from €27,826 to €26,278
mainly Trade debts (-€9,939) and Net result for the year (-€6,641)
- Trade debts -€9,939
down €9,939 (-42.4%), from €23,465 to €13,526
- Profit (loss) carried forward -€6,641
down €6,641 (-60.6%), from -€10,965 to -€17,606
- Other debts +€3,484
up €3,484 (+15.6%), from €22,372 to €25,856
- Gross operating margin -€4,438
down €4,438 (-1919.9%), from -€231 to -€4,669
- Other operating charges -€238
down €238 (-73.0%), from €326 to €88
- Depreciation +€200
up €200 (+17.1%), from €1,171 to €1,371
- Financial charges -€157
down €157 (-23.5%), from €670 to €512
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 | €53,473 | €40,376 | -€13,096 | -24.5% |
| Fixed assets | 21/28 | €3,591 | €5,460 | +€1,870 | +52.1% |
| Tangible fixed assets | 22/27 | €2,091 | €3,960 | +€1,870 | +89.4% |
| Plant, machinery and equipment | 23 | €820 | €3,247 | +€2,427 | +296.1% |
| Furniture and vehicles | 24 | €1,271 | €714 | -€557 | -43.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €49,882 | €34,916 | -€14,966 | -30.0% |
| Amounts receivable within one year | 40/41 | €22,056 | €8,637 | -€13,419 | -60.8% |
| Trade receivables | 40 | €20,896 | €8,579 | -€12,316 | -58.9% |
| Other amounts receivable | 41 | €1,160 | €58 | -€1,102 | -95.0% |
| Cash at bank and in hand | 54/58 | €27,826 | €26,278 | -€1,548 | -5.6% |
| Total equity and liabilities | 10/49 | €53,473 | €40,376 | -€13,096 | -24.5% |
| Equity | 10/15 | €7,635 | €994 | -€6,641 | -87.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,965 | -€17,606 | -€6,641 | -60.6% |
| Amounts payable | 17/49 | €45,838 | €39,382 | -€6,456 | -14.1% |
| Amounts payable within one year | 42/48 | €45,838 | €39,382 | -€6,456 | -14.1% |
| Trade debts | 44 | €23,465 | €13,526 | -€9,939 | -42.4% |
| Suppliers | 440/4 | €23,465 | €13,526 | -€9,939 | -42.4% |
| Other amounts payable | 47/48 | €22,372 | €25,856 | +€3,484 | +15.6% |
| Non-recurring operating income | 76A | - | €4,718 | +€4,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,371 | +€200 | +17.1% |
| Other operating charges | 640/8 | €326 | €88 | -€238 | -73.0% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | -€231 | -€4,669 | -€4,438 | -1919.9% |
| Operating profit (loss) | 9901 | -€1,729 | -€6,128 | -€4,399 | -254.4% |
| Financial charges | 65/66B | €670 | €512 | -€157 | -23.5% |
| Recurring financial charges | 65 | €670 | €512 | -€157 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,399 | -€6,641 | -€4,242 | -176.8% |
| Profit (loss) for the period | 9904 | -€2,399 | -€6,641 | -€4,242 | -176.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,399 | -€6,641 | -€4,242 | -176.8% |
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 11 October 2026 via checked.be.