AKD: 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.
AKD
Largest movements
- Cash +€1.1m
up €1.1m (+288%), from €366,348 to €1.4m
mainly Net result for the year (+€1.7m) and Other debts (+€1.1m)
- Tangible fixed assets -€157,297
down €157,297 (-14.4%), from €1.1m to €937,971
of which Other tangible fixed assets: -€156,513
- Stocks and contracts +€100,366
up €100,366 (+7.1%), from €1.4m to €1.5m
- Receivables within one year +€91,871
up €91,871 (+5.4%), from €1.7m to €1.8m
of which Trade receivables: +€138,587
- Other debts +€1.1m
up €1.1m (+189%), from €587,540 to €1.7m
- Debts after one year -€275,985
down €275,985 (-21.3%), from €1.3m to €1.0m
- Accrued charges and deferred income +€141,280
up €141,280 (+61.9%), from €228,154 to €369,434
- Trade debts +€73,297
up €73,297 (+4.3%), from €1.7m to €1.8m
- Gross operating margin +€1.6m
up €1.6m (+102%), from €1.5m to €3.1m
- Taxes +€390,802
up €390,802 (+199%), from €196,775 to €587,578
- Staff costs +€119,165
up €119,165 (+19.7%), from €605,847 to €725,012
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 | €4,687,114 | €5,776,155 | +€1.1m | +23.2% |
| Fixed assets | 21/28 | €1,098,235 | €938,988 | -€159,247 | -14.5% |
| Tangible fixed assets | 22/27 | €1,095,268 | €937,971 | -€157,297 | -14.4% |
| Plant, machinery and equipment | 23 | €2,310 | €1,526 | -€784 | -33.9% |
| Other tangible fixed assets | 26 | €1,092,957 | €936,445 | -€156,513 | -14.3% |
| Financial fixed assets | 28 | €2,968 | €1,018 | -€1,950 | -65.7% |
| Current assets | 29/58 | €3,588,879 | €4,837,167 | +€1.2m | +34.8% |
| Stocks and contracts in progress | 3 | €1,414,068 | €1,514,434 | +€100,366 | +7.1% |
| Contracts in progress | 37 | €1,414,068 | €1,514,434 | +€100,366 | +7.1% |
| Amounts receivable within one year | 40/41 | €1,692,954 | €1,784,824 | +€91,871 | +5.4% |
| Trade receivables | 40 | €1,640,698 | €1,779,286 | +€138,587 | +8.4% |
| Other amounts receivable | 41 | €52,255 | €5,538 | -€46,717 | -89.4% |
| Cash at bank and in hand | 54/58 | €366,348 | €1,420,473 | +€1.1m | +288% |
| Deferred charges and accrued income | 490/1 | €115,510 | €117,435 | +€1,926 | +1.7% |
| Total equity and liabilities | 10/49 | €4,687,114 | €5,776,155 | +€1.1m | +23.2% |
| Equity | 10/15 | €500,000 | €500,000 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €476,408 | €476,408 | = | 0.0% |
| Amounts payable | 17/49 | €4,187,114 | €5,276,155 | +€1.1m | +26.0% |
| Amounts payable after more than one year | 17 | €1,296,980 | €1,020,995 | -€275,985 | -21.3% |
| Other amounts payable | 178/9 | €1,296,980 | €1,020,995 | -€275,985 | -21.3% |
| Amounts payable within one year | 42/48 | €2,661,979 | €3,885,725 | +€1.2m | +46.0% |
| Trade debts | 44 | €1,709,542 | €1,782,838 | +€73,297 | +4.3% |
| Suppliers | 440/4 | €1,709,542 | €1,782,838 | +€73,297 | +4.3% |
| Advances received on contracts in progress | 46 | €200,000 | €200,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €164,898 | €205,761 | +€40,863 | +24.8% |
| Taxes | 450/3 | €58,631 | €87,229 | +€28,598 | +48.8% |
| Remuneration and social security | 454/9 | €106,266 | €118,532 | +€12,265 | +11.5% |
| Other amounts payable | 47/48 | €587,540 | €1,697,126 | +€1.1m | +189% |
| Accrued charges and deferred income | 492/3 | €228,154 | €369,434 | +€141,280 | +61.9% |
| Remuneration, social security and pensions | 62 | €605,847 | €725,012 | +€119,165 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,467 | €123,977 | -€14,490 | -10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,199 | - | -€11,199 | |
| Other operating charges | 640/8 | €960 | €6,355 | +€5,395 | +562% |
| Gross operating margin | 9900 | €1,543,955 | €3,111,690 | +€1.6m | +102% |
| Operating profit (loss) | 9901 | €787,483 | €2,256,347 | +€1.5m | +187% |
| Financial income | 75/76B | €542 | €2,020 | +€1,478 | +273% |
| Recurring financial income | 75 | €542 | €2,020 | +€1,478 | +273% |
| Financial charges | 65/66B | €9,473 | €9,817 | +€344 | +3.6% |
| Recurring financial charges | 65 | €9,473 | €9,817 | +€344 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €778,551 | €2,248,550 | +€1.5m | +189% |
| Income taxes | 67/77 | €196,775 | €587,578 | +€390,802 | +199% |
| Profit (loss) for the period | 9904 | €581,776 | €1,660,973 | +€1.1m | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €581,776 | €1,660,973 | +€1.1m | +186% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.