AKWELD: what changed
Two fiscal 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.
AKWELD
Largest movements
- Receivables after one year +€17,000
up €17,000 (+30.9%), from €55,000 to €72,000
- Cash +€7,861
up €7,861 (+19.7%), from €39,955 to €47,816
mainly Net result for the year (+€29,450) and Tax, wage and social debts (+€7,581)
- Tangible fixed assets +€4,539
new in 2025: €4,539
- Deferred charges and accrued income +€2,274
up €2,274 (+269.0%), from €845 to €3,119
- Reserves +€29,450
up €29,450 (+37.9%), from €77,742 to €107,192
- Tax, wage and social debts +€7,581
up €7,581 (+38.0%), from €19,959 to €27,540
- Other debts -€6,265
down €6,265 (-96.3%), from €6,504 to €239
- Gross operating margin -€60,144
down €60,144 (-60.7%), from €99,074 to €38,930
- Taxes -€12,063
down €12,063 (-60.9%), from €19,801 to €7,739
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 | €117,380 | €149,289 | +€31,909 | +27.2% |
| Formation expenses | 20 | €116 | €0 | -€116 | -100.0% |
| Fixed assets | 21/28 | - | €5,139 | +€5,139 | |
| Tangible fixed assets | 22/27 | - | €4,539 | +€4,539 | |
| Plant, machinery and equipment | 23 | - | €4,539 | +€4,539 | |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €117,264 | €144,150 | +€26,886 | +22.9% |
| Amounts receivable after more than one year | 29 | €55,000 | €72,000 | +€17,000 | +30.9% |
| Other amounts receivable | 291 | €55,000 | €72,000 | +€17,000 | +30.9% |
| Amounts receivable within one year | 40/41 | €21,464 | €21,215 | -€249 | -1.2% |
| Trade receivables | 40 | €19,474 | €19,735 | +€261 | +1.3% |
| Other amounts receivable | 41 | €1,990 | €1,480 | -€510 | -25.6% |
| Cash at bank and in hand | 54/58 | €39,955 | €47,816 | +€7,861 | +19.7% |
| Deferred charges and accrued income | 490/1 | €845 | €3,119 | +€2,274 | +269.0% |
| Total equity and liabilities | 10/49 | €117,380 | €149,289 | +€31,909 | +27.2% |
| Equity | 10/15 | €82,742 | €112,192 | +€29,450 | +35.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,742 | €107,192 | +€29,450 | +37.9% |
| Distributable reserves | 133 | €77,742 | €107,192 | +€29,450 | +37.9% |
| Amounts payable | 17/49 | €34,638 | €37,097 | +€2,459 | +7.1% |
| Amounts payable within one year | 42/48 | €34,638 | €37,097 | +€2,459 | +7.1% |
| Trade debts | 44 | €8,175 | €9,317 | +€1,143 | +14.0% |
| Suppliers | 440/4 | €8,175 | €9,317 | +€1,143 | +14.0% |
| Taxes, remuneration and social security | 45 | €19,959 | €27,540 | +€7,581 | +38.0% |
| Taxes | 450/3 | €19,959 | €27,540 | +€7,581 | +38.0% |
| Other amounts payable | 47/48 | €6,504 | €239 | -€6,265 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €1,276 | -€63 | -4.7% |
| Other operating charges | 640/8 | €147 | €411 | +€265 | +180.3% |
| Gross operating margin | 9900 | €99,074 | €38,930 | -€60,144 | -60.7% |
| Operating profit (loss) | 9901 | €97,587 | €37,242 | -€60,345 | -61.8% |
| Financial income | 75/76B | €0 | €4 | +€4 | +7316.7% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +7316.7% |
| Financial charges | 65/66B | €44 | €58 | +€14 | +31.7% |
| Recurring financial charges | 65 | €44 | €58 | +€14 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €97,544 | €37,189 | -€60,355 | -61.9% |
| Income taxes | 67/77 | €19,801 | €7,739 | -€12,063 | -60.9% |
| Profit (loss) for the period | 9904 | €77,742 | €29,450 | -€48,292 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,742 | €29,450 | -€48,292 | -62.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.