Dr. Akum Sandra: 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.
Dr. Akum Sandra
Largest movements
- Receivables after one year -€58,218
no longer reported in 2025 (was €58,218)
- Cash -€24,840
down €24,840 (-59.9%), from €41,468 to €16,628
mainly Contributions, distributions and other (-€119,149) and Receivables within one year (-€2,024)
- Receivables within one year +€2,024
up €2,024 (+9.5%), from €21,264 to €23,288
of which Other amounts receivable: +€4,912
- Reserves -€83,561
down €83,561 (-70.1%), from €119,149 to €35,588
- Tax, wage and social debts +€1,370
up €1,370 (+100%), from €1,370 to €2,740
- Gross operating margin -€24,505
down €24,505 (-34.1%), from €71,838 to €47,333
- Taxes -€5,620
down €5,620 (-37.1%), from €15,152 to €9,532
- Financial income -€1,400
down €1,400 (-89.0%), from €1,574 to €174
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 | €123,542 | €40,574 | -€82,969 | -67.2% |
| Formation expenses | 20 | €1,011 | - | -€1,011 | |
| Fixed assets | 21/28 | €803 | - | -€803 | |
| Tangible fixed assets | 22/27 | €803 | - | -€803 | |
| Furniture and vehicles | 24 | €803 | - | -€803 | |
| Current assets | 29/58 | €121,728 | €40,574 | -€81,155 | -66.7% |
| Amounts receivable after more than one year | 29 | €58,218 | - | -€58,218 | |
| Other amounts receivable | 291 | €58,218 | - | -€58,218 | |
| Amounts receivable within one year | 40/41 | €21,264 | €23,288 | +€2,024 | +9.5% |
| Trade receivables | 40 | €13,979 | €11,090 | -€2,888 | -20.7% |
| Other amounts receivable | 41 | €7,285 | €12,198 | +€4,912 | +67.4% |
| Cash at bank and in hand | 54/58 | €41,468 | €16,628 | -€24,840 | -59.9% |
| Deferred charges and accrued income | 490/1 | €778 | €658 | -€120 | -15.5% |
| Total equity and liabilities | 10/49 | €123,542 | €40,574 | -€82,969 | -67.2% |
| Equity | 10/15 | €121,149 | €37,588 | -€83,561 | -69.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €119,149 | €35,588 | -€83,561 | -70.1% |
| Distributable reserves | 133 | €119,149 | €35,588 | -€83,561 | -70.1% |
| Amounts payable | 17/49 | €2,393 | €2,985 | +€592 | +24.7% |
| Amounts payable within one year | 42/48 | €2,393 | €2,985 | +€592 | +24.7% |
| Trade debts | 44 | €1,023 | €245 | -€778 | -76.0% |
| Suppliers | 440/4 | €1,023 | €245 | -€778 | -76.0% |
| Taxes, remuneration and social security | 45 | €1,370 | €2,740 | +€1,370 | +100% |
| Taxes | 450/3 | €1,370 | €2,740 | +€1,370 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,323 | €1,814 | +€491 | +37.1% |
| Other operating charges | 640/8 | €190 | €515 | +€326 | +172% |
| Gross operating margin | 9900 | €71,838 | €47,333 | -€24,505 | -34.1% |
| Operating profit (loss) | 9901 | €70,325 | €45,004 | -€25,321 | -36.0% |
| Financial income | 75/76B | €1,574 | €174 | -€1,400 | -89.0% |
| Recurring financial income | 75 | €1,574 | €174 | -€1,400 | -89.0% |
| Financial charges | 65/66B | €409 | €57 | -€352 | -86.2% |
| Recurring financial charges | 65 | €409 | €57 | -€352 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €71,490 | €45,121 | -€26,369 | -36.9% |
| Income taxes | 67/77 | €15,152 | €9,532 | -€5,620 | -37.1% |
| Profit (loss) for the period | 9904 | €56,338 | €35,588 | -€20,750 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,338 | €35,588 | -€20,750 | -36.8% |
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 30 October 2026 via checked.be.