AKTEMON: 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.
AKTEMON
Largest movements
- Financial fixed assets -€4.7m
down €4.7m (-36.7%), from €12.8m to €8.1m
- Tangible fixed assets -€788,273
down €788,273 (-100.0%), from €788,273 to €0
of which Land and buildings: -€788,273
- Debts after one year -€9.1m
down €9.1m (-95.3%), from €9.5m to €449,846
of which Financial debts: -€6.1m
- Profit (loss) carried forward +€3.6m
up €3.6m (+83.8%), from -€4.3m to -€693,696
- Revaluation surpluses -€482,757
down €482,757 (-100.0%), from €482,757 to €0
- Tax, wage and social debts +€478,830
up €478,830 (+261.6%), from €183,063 to €661,893
of which Taxes: +€488,756
- Other operating income +€3.0m
up €3.0m (+51563.2%), from €5,807 to €3.0m
- Financial income +€1.0m
up €1.0m (+317.5%), from €327,385 to €1.4m
of which Non-recurring financial income: +€970,534
- Taxes +€574,538
up €574,538 (+65693.0%), from €875 to €575,413
- Turnover -€133,078
down €133,078 (-20.1%), from €661,940 to €528,862
- Financial charges -€90,736
down €90,736 (-25.6%), from €354,311 to €263,575
of which Non-recurring financial charges: -€100,000
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 | €14,081,804 | €8,540,273 | -€5.5m | -39.4% |
| Fixed assets | 21/28 | €13,596,380 | €8,102,314 | -€5.5m | -40.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €788,273 | €0 | -€788,273 | -100.0% |
| Land and buildings | 22 | €788,273 | - | -€788,273 | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €12,808,106 | €8,102,314 | -€4.7m | -36.7% |
| Affiliated companies | 280/1 | €12,808,106 | €8,102,314 | -€4.7m | -36.7% |
| Participating interests | 280 | - | €0 | = | |
| Amounts receivable | 281 | €12,808,106 | €8,102,314 | -€4.7m | -36.7% |
| Current assets | 29/58 | €485,424 | €437,959 | -€47,465 | -9.8% |
| Amounts receivable within one year | 40/41 | €456,823 | €429,963 | -€26,860 | -5.9% |
| Trade receivables | 40 | €456,823 | €427,667 | -€29,156 | -6.4% |
| Other amounts receivable | 41 | - | €2,296 | +€2,296 | |
| Cash at bank and in hand | 54/58 | €27,479 | €6,681 | -€20,798 | -75.7% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,316 | +€193 | +17.2% |
| Total equity and liabilities | 10/49 | €14,081,804 | €8,540,273 | -€5.5m | -39.4% |
| Equity | 10/15 | €4,305,434 | €7,403,735 | +€3.1m | +72.0% |
| Contributions | 10/11 | €7,940,260 | €7,940,260 | = | 0.0% |
| Capital | 10 | €7,940,260 | €7,940,260 | = | 0.0% |
| Issued capital | 100 | €7,940,260 | €7,940,260 | = | 0.0% |
| Revaluation surpluses | 12 | €482,757 | €0 | -€482,757 | -100.0% |
| Reserves | 13 | €157,171 | €157,171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €138,528 | €138,528 | = | 0.0% |
| Legal reserve | 130 | €138,528 | €138,528 | = | 0.0% |
| Distributable reserves | 133 | €18,642 | €18,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,274,754 | -€693,696 | +€3.6m | +83.8% |
| Amounts payable | 17/49 | €9,776,370 | €1,136,538 | -€8.6m | -88.4% |
| Amounts payable after more than one year | 17 | €9,528,708 | €449,846 | -€9.1m | -95.3% |
| Financial debts | 170/4 | €6,140,875 | - | -€6.1m | |
| Other loans | 174 | €6,140,875 | - | -€6.1m | |
| Other amounts payable | 178/9 | €3,387,832 | €449,846 | -€2.9m | -86.7% |
| Amounts payable within one year | 42/48 | €247,663 | €686,692 | +€439,029 | +177.3% |
| Trade debts | 44 | €64,600 | €24,798 | -€39,801 | -61.6% |
| Suppliers | 440/4 | €64,600 | €24,798 | -€39,801 | -61.6% |
| Taxes, remuneration and social security | 45 | €183,063 | €661,893 | +€478,830 | +261.6% |
| Taxes | 450/3 | €129,884 | €618,640 | +€488,756 | +376.3% |
| Remuneration and social security | 454/9 | €53,179 | €43,253 | -€9,926 | -18.7% |
| Operating income | 70/76A | €667,747 | €3,528,828 | +€2.9m | +428.5% |
| Turnover | 70 | €661,940 | €528,862 | -€133,078 | -20.1% |
| Other operating income | 74 | €5,807 | €2,999,967 | +€3.0m | +51563.2% |
| Operating charges | 60/66A | €561,217 | €475,502 | -€85,716 | -15.3% |
| Services and other goods | 61 | €183,199 | €152,566 | -€30,632 | -16.7% |
| Remuneration, social security and pensions | 62 | €313,999 | €286,943 | -€27,057 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,110 | - | -€23,110 | |
| Other operating charges | 640/8 | €40,909 | €35,993 | -€4,916 | -12.0% |
| Operating profit (loss) | 9901 | €106,530 | €3,053,327 | +€2.9m | +2766.2% |
| Financial income | 75/76B | €327,385 | €1,366,719 | +€1.0m | +317.5% |
| Recurring financial income | 75 | €327,385 | €396,186 | +€68,801 | +21.0% |
| Income from current assets | 751 | €327,385 | €396,185 | +€68,801 | +21.0% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €970,534 | +€970,534 | |
| Financial charges | 65/66B | €354,311 | €263,575 | -€90,736 | -25.6% |
| Recurring financial charges | 65 | €254,311 | €263,575 | +€9,264 | +3.6% |
| Debt charges | 650 | €253,683 | €262,972 | +€9,290 | +3.7% |
| Other financial charges | 652/9 | €628 | €603 | -€25 | -4.0% |
| Non-recurring financial charges | 66B | €100,000 | - | -€100,000 | |
| Profit (loss) for the period before taxes | 9903 | €79,603 | €4,156,471 | +€4.1m | +5121.5% |
| Income taxes | 67/77 | €875 | €575,413 | +€574,538 | +65693.0% |
| Taxes | 670/3 | €875 | €575,413 | +€574,538 | +65693.0% |
| Profit (loss) for the period | 9904 | €78,729 | €3,581,058 | +€3.5m | +4448.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,729 | €3,581,058 | +€3.5m | +4448.6% |
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.