AKSEL-42: 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.
AKSEL-42
Largest movements
- Receivables within one year -€5,101
down €5,101 (-6.0%), from €85,065 to €79,963
of which Trade receivables: -€23,744
- Cash +€4,827
up €4,827 (+492%), from €981 to €5,808
mainly Receivables within one year (+€5,101) and Depreciation (+€3,733)
- Tangible fixed assets -€3,733
down €3,733 (-27.3%), from €13,664 to €9,932
- Trade debts -€4,606
down €4,606 (-99.8%), from €4,615 to €9
- Gross operating margin -€40,963
down €40,963 (-29.9%), from €136,889 to €95,926
- Taxes +€16,422
new in 2025: €16,422
- Staff costs +€15,295
up €15,295 (+27.9%), from €54,784 to €70,079
- Other operating charges +€3,198
up €3,198 (+184%), from €1,741 to €4,939
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 | €99,710 | €95,703 | -€4,007 | -4.0% |
| Fixed assets | 21/28 | €13,664 | €9,932 | -€3,733 | -27.3% |
| Tangible fixed assets | 22/27 | €13,664 | €9,932 | -€3,733 | -27.3% |
| Furniture and vehicles | 24 | €13,664 | €9,932 | -€3,733 | -27.3% |
| Current assets | 29/58 | €86,046 | €85,771 | -€275 | -0.3% |
| Amounts receivable within one year | 40/41 | €85,065 | €79,963 | -€5,101 | -6.0% |
| Trade receivables | 40 | €23,744 | - | -€23,744 | |
| Other amounts receivable | 41 | €61,320 | €79,963 | +€18,643 | +30.4% |
| Cash at bank and in hand | 54/58 | €981 | €5,808 | +€4,827 | +492% |
| Total equity and liabilities | 10/49 | €99,710 | €95,703 | -€4,007 | -4.0% |
| Equity | 10/15 | €81,493 | €82,092 | +€599 | +0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,493 | €77,092 | +€599 | +0.8% |
| Amounts payable | 17/49 | €18,217 | €13,611 | -€4,606 | -25.3% |
| Amounts payable after more than one year | 17 | €13,602 | €13,602 | = | 0.0% |
| Financial debts | 170/4 | €13,602 | €13,602 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,615 | €9 | -€4,606 | -99.8% |
| Trade debts | 44 | €4,615 | €9 | -€4,606 | -99.8% |
| Suppliers | 440/4 | €4,615 | €9 | -€4,606 | -99.8% |
| Remuneration, social security and pensions | 62 | €54,784 | €70,079 | +€15,295 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,733 | €3,733 | = | 0.0% |
| Other operating charges | 640/8 | €1,741 | €4,939 | +€3,198 | +184% |
| Gross operating margin | 9900 | €136,889 | €95,926 | -€40,963 | -29.9% |
| Operating profit (loss) | 9901 | €76,630 | €17,175 | -€59,456 | -77.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €137 | €154 | +€17 | +12.2% |
| Recurring financial charges | 65 | €137 | €154 | +€17 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €76,493 | €17,021 | -€59,472 | -77.7% |
| Income taxes | 67/77 | - | €16,422 | +€16,422 | |
| Profit (loss) for the period | 9904 | €76,493 | €599 | -€75,894 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,493 | €599 | -€75,894 | -99.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.