AKZ: 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.
AKZ
Largest movements
- Receivables within one year -€130,473
down €130,473 (-27.7%), from €470,943 to €340,471
of which Other amounts receivable: -€145,118
- Cash +€113,666
up €113,666 (+360%), from €31,543 to €145,209
mainly Depreciation (+€308,707) and Receivables within one year (+€130,473)
- Tangible fixed assets -€40,768
down €40,768 (-6.5%), from €629,863 to €589,094
of which Leasing and similar rights: -€39,316
- Current portion of long-term debt -€60,466
down €60,466 (-21.2%), from €285,748 to €225,282
- Tax, wage and social debts -€14,188
down €14,188 (-100%), from €14,188 to €0
- Debts after one year +€11,950
up €11,950 (+5.4%), from €221,063 to €233,013
- Gross operating margin -€121,277
down €121,277 (-22.5%), from €538,178 to €416,900
- Taxes +€65,394
up €65,394 (+1,025%), from €6,378 to €71,772
- Depreciation +€43,374
up €43,374 (+16.3%), from €265,333 to €308,707
- Other operating charges -€13,440
down €13,440 (-54.0%), from €24,907 to €11,467
- Financial charges +€9,371
up €9,371 (+93.1%), from €10,064 to €19,435
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 | €1,133,670 | €1,075,964 | -€57,706 | -5.1% |
| Fixed assets | 21/28 | €629,863 | €589,094 | -€40,768 | -6.5% |
| Tangible fixed assets | 22/27 | €629,863 | €589,094 | -€40,768 | -6.5% |
| Land and buildings | 22 | €100,131 | €98,679 | -€1,452 | -1.5% |
| Leasing and similar rights | 25 | €529,732 | €490,416 | -€39,316 | -7.4% |
| Current assets | 29/58 | €503,807 | €486,870 | -€16,938 | -3.4% |
| Amounts receivable within one year | 40/41 | €470,943 | €340,471 | -€130,473 | -27.7% |
| Trade receivables | 40 | €58,205 | €72,850 | +€14,645 | +25.2% |
| Other amounts receivable | 41 | €412,738 | €267,621 | -€145,118 | -35.2% |
| Cash at bank and in hand | 54/58 | €31,543 | €145,209 | +€113,666 | +360% |
| Deferred charges and accrued income | 490/1 | €1,321 | €1,190 | -€131 | -9.9% |
| Total equity and liabilities | 10/49 | €1,133,670 | €1,075,964 | -€57,706 | -5.1% |
| Equity | 10/15 | €610,690 | €616,209 | +€5,520 | +0.9% |
| Contributions | 10/11 | €91,789 | €91,789 | = | 0.0% |
| Reserves | 13 | €518,901 | €524,420 | +€5,520 | +1.1% |
| Tax-exempt reserves | 132 | €44,085 | €44,085 | = | 0.0% |
| Distributable reserves | 133 | €474,816 | €480,336 | +€5,520 | +1.2% |
| Amounts payable | 17/49 | €522,980 | €459,755 | -€63,226 | -12.1% |
| Amounts payable after more than one year | 17 | €221,063 | €233,013 | +€11,950 | +5.4% |
| Financial debts | 170/4 | €221,063 | €233,013 | +€11,950 | +5.4% |
| Amounts payable within one year | 42/48 | €301,917 | €226,741 | -€75,176 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €285,748 | €225,282 | -€60,466 | -21.2% |
| Trade debts | 44 | €1,982 | €1,459 | -€523 | -26.4% |
| Suppliers | 440/4 | €1,982 | €1,459 | -€523 | -26.4% |
| Taxes, remuneration and social security | 45 | €14,188 | €0 | -€14,188 | -100% |
| Taxes | 450/3 | €14,188 | €0 | -€14,188 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €383,452 | €61,771 | -€321,682 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,333 | €308,707 | +€43,374 | +16.3% |
| Other operating charges | 640/8 | €24,907 | €11,467 | -€13,440 | -54.0% |
| Gross operating margin | 9900 | €538,178 | €416,900 | -€121,277 | -22.5% |
| Operating profit (loss) | 9901 | €247,938 | €96,726 | -€151,212 | -61.0% |
| Financial charges | 65/66B | €10,064 | €19,435 | +€9,371 | +93.1% |
| Recurring financial charges | 65 | €10,064 | €19,435 | +€9,371 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €237,874 | €77,291 | -€160,583 | -67.5% |
| Income taxes | 67/77 | €6,378 | €71,772 | +€65,394 | +1,025% |
| Profit (loss) for the period | 9904 | €231,497 | €5,520 | -€225,977 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €231,497 | €5,520 | -€225,977 | -97.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.