AKWADOK: 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.
AKWADOK
Largest movements
- Cash +€92,759
up €92,759 (+4,468%), from €2,076 to €94,835
mainly Trade debts (+€88,718) and Net result for the year (+€49,542)
- Receivables within one year +€21,159
up €21,159 (+141%), from €14,983 to €36,142
of which Trade receivables: +€13,492
- Tangible fixed assets +€15,583
up €15,583 (+1.5%), from €1.0m to €1.0m
of which Land and buildings: +€19,685
- Trade debts +€88,718
up €88,718 (+69.8%), from €127,032 to €215,750
- Reserves +€47,876
up €47,876 (+9.4%), from €510,300 to €558,176
of which Distributable reserves: +€53,689
- Other debts -€19,473
down €19,473 (-15.7%), from €123,772 to €104,299
- Tax, wage and social debts +€18,872
up €18,872 (+69.5%), from €27,161 to €46,033
of which Taxes: +€22,872
- Turnover -€457,047
down €457,047 (-53.0%), from €861,835 to €404,788
- Gross operating margin -€338,774
down €338,774 (-71.5%), from €473,887 to €135,113
- Other operating charges -€152,800
down €152,800 (-99.5%), from €153,598 to €798
- Purchases and services -€119,898
down €119,898 (-30.4%), from €394,143 to €274,245
- Financial charges +€32,213
up €32,213 (+1,118%), from €2,882 to €35,095
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 | €1,062,198 | €1,195,183 | +€132,985 | +12.5% |
| Fixed assets | 21/28 | €1,045,139 | €1,060,722 | +€15,583 | +1.5% |
| Tangible fixed assets | 22/27 | €1,032,559 | €1,048,142 | +€15,583 | +1.5% |
| Land and buildings | 22 | €1,023,771 | €1,043,456 | +€19,685 | +1.9% |
| Furniture and vehicles | 24 | €8,788 | €4,686 | -€4,102 | -46.7% |
| Financial fixed assets | 28 | €12,580 | €12,580 | = | 0.0% |
| Current assets | 29/58 | €17,059 | €134,461 | +€117,402 | +688% |
| Amounts receivable within one year | 40/41 | €14,983 | €36,142 | +€21,159 | +141% |
| Trade receivables | 40 | €3,212 | €16,704 | +€13,492 | +420% |
| Other amounts receivable | 41 | €11,771 | €19,438 | +€7,667 | +65.1% |
| Cash at bank and in hand | 54/58 | €2,076 | €94,835 | +€92,759 | +4,468% |
| Deferred charges and accrued income | 490/1 | - | €3,484 | +€3,484 | |
| Total equity and liabilities | 10/49 | €1,062,198 | €1,195,183 | +€132,985 | +12.5% |
| Equity | 10/15 | €530,300 | €578,176 | +€47,876 | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €510,300 | €558,176 | +€47,876 | +9.4% |
| Tax-exempt reserves | 132 | €188,949 | €183,136 | -€5,813 | -3.1% |
| Distributable reserves | 133 | €321,351 | €375,040 | +€53,689 | +16.7% |
| Provisions and deferred taxes | 16 | €47,237 | €45,784 | -€1,453 | -3.1% |
| Deferred taxes | 168 | €47,237 | €45,784 | -€1,453 | -3.1% |
| Amounts payable | 17/49 | €484,661 | €571,223 | +€86,562 | +17.9% |
| Amounts payable after more than one year | 17 | €182,854 | €183,062 | +€208 | +0.1% |
| Financial debts | 170/4 | €182,854 | €183,062 | +€208 | +0.1% |
| Amounts payable within one year | 42/48 | €301,704 | €388,161 | +€86,457 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €23,739 | €22,079 | -€1,660 | -7.0% |
| Trade debts | 44 | €127,032 | €215,750 | +€88,718 | +69.8% |
| Suppliers | 440/4 | €127,032 | €215,750 | +€88,718 | +69.8% |
| Taxes, remuneration and social security | 45 | €27,161 | €46,033 | +€18,872 | +69.5% |
| Taxes | 450/3 | €23,161 | €46,033 | +€22,872 | +98.8% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €123,772 | €104,299 | -€19,473 | -15.7% |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Turnover | 70 | €861,835 | €404,788 | -€457,047 | -53.0% |
| Non-recurring operating income | 76A | €6,194 | €4,569 | -€1,625 | -26.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €394,143 | €274,245 | -€119,898 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,297 | €26,846 | +€13,549 | +102% |
| Other operating charges | 640/8 | €153,598 | €798 | -€152,800 | -99.5% |
| Non-recurring operating charges | 66A | €3,185 | €1,939 | -€1,246 | -39.1% |
| Gross operating margin | 9900 | €473,887 | €135,113 | -€338,774 | -71.5% |
| Operating profit (loss) | 9901 | €303,807 | €105,530 | -€198,277 | -65.3% |
| Financial income | 75/76B | €7,469 | - | -€7,469 | |
| Recurring financial income | 75 | €7,469 | - | -€7,469 | |
| Financial charges | 65/66B | €2,882 | €35,095 | +€32,213 | +1,118% |
| Recurring financial charges | 65 | €2,882 | €35,095 | +€32,213 | +1,118% |
| Profit (loss) for the period before taxes | 9903 | €308,394 | €70,435 | -€237,959 | -77.2% |
| Transfer from deferred taxes | 780 | €726 | €1,453 | +€727 | +100% |
| Transfer to deferred taxes | 680 | €47,964 | - | -€47,964 | |
| Income taxes | 67/77 | €21,831 | €22,346 | +€515 | +2.4% |
| Profit (loss) for the period | 9904 | €239,325 | €49,542 | -€189,783 | -79.3% |
| Transfer from tax-exempt reserves | 789 | €2,906 | €5,813 | +€2,907 | +100% |
| Transfer to tax-exempt reserves | 689 | €191,855 | - | -€191,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,376 | €55,355 | +€4,979 | +9.9% |
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 19 October 2026 via checked.be.