AKWA PLUS: 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 PLUS
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+219.3%), from €565,866 to €1.8m
of which Other amounts receivable: +€650,022
- Cash -€1.2m
down €1.2m (-83.5%), from €1.5m to €242,450
mainly Receivables within one year (-€1.2m) and Contributions, distributions and other (-€540,000)
- Stocks and contracts -€177,442
down €177,442 (-64.0%), from €277,442 to €100,000
of which Contracts in progress: -€177,442
- Tangible fixed assets -€42,735
down €42,735 (-18.0%), from €237,386 to €194,651
of which Furniture and vehicles: -€38,517
- Reserves -€438,251
down €438,251 (-20.0%), from €2.2m to €1.8m
of which Distributable reserves: -€416,303
- Trade debts +€226,244
up €226,244 (+77.9%), from €290,356 to €516,600
- Gross operating margin -€1.5m
down €1.5m (-67.3%), from €2.3m to €746,604
- Taxes -€392,631
down €392,631 (-91.2%), from €430,403 to €37,772
- Staff costs +€102,273
up €102,273 (+21.9%), from €466,929 to €569,202
- Financial income -€35,153
down €35,153 (-59.7%), from €58,899 to €23,746
- Depreciation -€33,377
down €33,377 (-43.3%), from €77,034 to €43,657
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 | €2,564,821 | €2,347,910 | -€216,911 | -8.5% |
| Fixed assets | 21/28 | €237,386 | €194,651 | -€42,735 | -18.0% |
| Tangible fixed assets | 22/27 | €237,386 | €194,651 | -€42,735 | -18.0% |
| Land and buildings | 22 | €117,282 | €117,282 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,440 | €9,222 | -€4,218 | -31.4% |
| Furniture and vehicles | 24 | €106,665 | €68,148 | -€38,517 | -36.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,327,436 | €2,153,259 | -€174,177 | -7.5% |
| Stocks and contracts in progress | 3 | €277,442 | €100,000 | -€177,442 | -64.0% |
| Stocks | 30/36 | €100,000 | €100,000 | = | 0.0% |
| Contracts in progress | 37 | €177,442 | €0 | -€177,442 | -100.0% |
| Amounts receivable within one year | 40/41 | €565,866 | €1,806,560 | +€1.2m | +219.3% |
| Trade receivables | 40 | €529,469 | €1,120,141 | +€590,672 | +111.6% |
| Other amounts receivable | 41 | €36,397 | €686,419 | +€650,022 | +1785.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,467,502 | €242,450 | -€1.2m | -83.5% |
| Deferred charges and accrued income | 490/1 | €16,626 | €4,248 | -€12,378 | -74.4% |
| Total equity and liabilities | 10/49 | €2,564,821 | €2,347,910 | -€216,911 | -8.5% |
| Equity | 10/15 | €2,203,108 | €1,764,857 | -€438,251 | -19.9% |
| Contributions | 10/11 | €9,905 | €9,905 | = | 0.0% |
| Reserves | 13 | €2,193,203 | €1,754,952 | -€438,251 | -20.0% |
| Tax-exempt reserves | 132 | €43,896 | €21,948 | -€21,948 | -50.0% |
| Distributable reserves | 133 | €2,149,307 | €1,733,004 | -€416,303 | -19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €361,714 | €583,053 | +€221,339 | +61.2% |
| Amounts payable within one year | 42/48 | €360,549 | €583,053 | +€222,504 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €2,470 | €0 | -€2,470 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €290,356 | €516,600 | +€226,244 | +77.9% |
| Suppliers | 440/4 | €290,356 | €516,600 | +€226,244 | +77.9% |
| Taxes, remuneration and social security | 45 | €54,236 | €65,503 | +€11,267 | +20.8% |
| Taxes | 450/3 | €9,562 | €8,651 | -€911 | -9.5% |
| Remuneration and social security | 454/9 | €44,674 | €56,852 | +€12,178 | +27.3% |
| Other amounts payable | 47/48 | €13,487 | €950 | -€12,537 | -93.0% |
| Accrued charges and deferred income | 492/3 | €1,165 | €0 | -€1,165 | -100.0% |
| Non-recurring operating income | 76A | €744 | €0 | -€744 | -100.0% |
| Remuneration, social security and pensions | 62 | €466,929 | €569,202 | +€102,273 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,034 | €43,657 | -€33,377 | -43.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,036 | €0 | -€2,036 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €21,356 | €10,413 | -€10,943 | -51.2% |
| Non-recurring operating charges | 66A | €67,186 | €2,304 | -€64,882 | -96.6% |
| Gross operating margin | 9900 | €2,280,933 | €746,604 | -€1.5m | -67.3% |
| Operating profit (loss) | 9901 | €1,646,393 | €121,028 | -€1.5m | -92.6% |
| Financial income | 75/76B | €58,899 | €23,746 | -€35,153 | -59.7% |
| Recurring financial income | 75 | €58,899 | €23,746 | -€35,153 | -59.7% |
| Financial charges | 65/66B | -€12,497 | €5,253 | +€17,750 | |
| Recurring financial charges | 65 | -€12,497 | €5,253 | +€17,750 | |
| Profit (loss) for the period before taxes | 9903 | €1,717,789 | €139,521 | -€1.6m | -91.9% |
| Income taxes | 67/77 | €430,403 | €37,772 | -€392,631 | -91.2% |
| Profit (loss) for the period | 9904 | €1,287,386 | €101,749 | -€1.2m | -92.1% |
| Transfer from tax-exempt reserves | 789 | €43,896 | €21,948 | -€21,948 | -50.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,331,282 | €123,697 | -€1.2m | -90.7% |
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.