Atelier AXE: 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.
Atelier AXE
Largest movements
- Cash +€79,864
up €79,864 (+85.8%), from €93,124 to €172,989
mainly Net result for the year (+€81,556) and Other debts (+€49,571)
- Tangible fixed assets -€11,294
down €11,294 (-10.8%), from €104,523 to €93,228
- Receivables within one year -€6,951
down €6,951 (-42.4%), from €16,399 to €9,447
of which Other amounts receivable: -€12,613
- Other debts +€49,571
up €49,571 (+230%), from €21,518 to €71,089
- Reserves +€32,332
up €32,332 (+24.9%), from €129,765 to €162,097
- Trade debts -€10,962
down €10,962 (-62.7%), from €17,484 to €6,522
- Debts after one year -€6,917
down €6,917 (-34.7%), from €19,945 to €13,028
- Tax, wage and social debts -€6,466
down €6,466 (-58.8%), from €11,001 to €4,535
of which Taxes: -€6,630
- Gross operating margin +€68,376
up €68,376 (+97.7%), from €69,966 to €138,342
- Taxes +€19,216
up €19,216 (+139%), from €13,837 to €33,053
- Financial charges +€1,646
up €1,646 (+85.8%), from €1,918 to €3,565
of which Non-recurring financial charges: +€1,980
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 | €220,785 | €280,631 | +€59,845 | +27.1% |
| Fixed assets | 21/28 | €104,523 | €93,228 | -€11,294 | -10.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €104,523 | €93,228 | -€11,294 | -10.8% |
| Land and buildings | 22 | €44,154 | €44,154 | = | 0.0% |
| Plant, machinery and equipment | 23 | €25,009 | €20,968 | -€4,041 | -16.2% |
| Furniture and vehicles | 24 | €15,465 | €10,926 | -€4,538 | -29.3% |
| Other tangible fixed assets | 26 | €19,895 | €17,180 | -€2,714 | -13.6% |
| Current assets | 29/58 | €116,263 | €187,402 | +€71,140 | +61.2% |
| Amounts receivable within one year | 40/41 | €16,399 | €9,447 | -€6,951 | -42.4% |
| Trade receivables | 40 | €3,786 | €9,447 | +€5,661 | +150% |
| Other amounts receivable | 41 | €12,613 | - | -€12,613 | |
| Cash at bank and in hand | 54/58 | €93,124 | €172,989 | +€79,864 | +85.8% |
| Deferred charges and accrued income | 490/1 | €6,740 | €4,966 | -€1,774 | -26.3% |
| Total equity and liabilities | 10/49 | €220,785 | €280,631 | +€59,845 | +27.1% |
| Equity | 10/15 | €142,165 | €174,497 | +€32,332 | +22.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,765 | €162,097 | +€32,332 | +24.9% |
| Distributable reserves | 133 | €129,765 | €162,097 | +€32,332 | +24.9% |
| Amounts payable | 17/49 | €78,621 | €106,134 | +€27,513 | +35.0% |
| Amounts payable after more than one year | 17 | €19,945 | €13,028 | -€6,917 | -34.7% |
| Financial debts | 170/4 | €19,945 | €13,028 | -€6,917 | -34.7% |
| Amounts payable within one year | 42/48 | €58,676 | €93,106 | +€34,430 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €6,641 | €6,917 | +€275 | +4.1% |
| Financial debts | 43 | €2,032 | €4,043 | +€2,012 | +99.0% |
| Credit institutions | 430/8 | €2,032 | €4,043 | +€2,012 | +99.0% |
| Trade debts | 44 | €17,484 | €6,522 | -€10,962 | -62.7% |
| Suppliers | 440/4 | €17,484 | €6,522 | -€10,962 | -62.7% |
| Taxes, remuneration and social security | 45 | €11,001 | €4,535 | -€6,466 | -58.8% |
| Taxes | 450/3 | €10,704 | €4,075 | -€6,630 | -61.9% |
| Remuneration and social security | 454/9 | €296 | €460 | +€164 | +55.4% |
| Other amounts payable | 47/48 | €21,518 | €71,089 | +€49,571 | +230% |
| Remuneration, social security and pensions | 62 | €5,992 | €5,278 | -€714 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,576 | €13,426 | +€850 | +6.8% |
| Other operating charges | 640/8 | €1,271 | €1,467 | +€195 | +15.4% |
| Gross operating margin | 9900 | €69,966 | €138,342 | +€68,376 | +97.7% |
| Operating profit (loss) | 9901 | €50,127 | €118,170 | +€68,044 | +136% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,918 | €3,565 | +€1,646 | +85.8% |
| Recurring financial charges | 65 | €1,918 | €1,585 | -€333 | -17.4% |
| Non-recurring financial charges | 66B | - | €1,980 | +€1,980 | |
| Profit (loss) for the period before taxes | 9903 | €48,208 | €114,609 | +€66,401 | +138% |
| Income taxes | 67/77 | €13,837 | €33,053 | +€19,216 | +139% |
| Profit (loss) for the period | 9904 | €34,371 | €81,556 | +€47,185 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €34,371 | €81,556 | +€47,185 | +137% |
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 13 October 2026 via checked.be.