AUTO-AXEL: 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.
AUTO-AXEL
Largest movements
- Tangible fixed assets -€16,236
down €16,236 (-13.0%), from €125,018 to €108,783
of which Land and buildings: -€15,435
- Deferred charges and accrued income -€13,397
down €13,397 (-49.0%), from €27,315 to €13,918
- Receivables within one year -€13,246
down €13,246 (-26.5%), from €50,036 to €36,790
of which Trade receivables: -€11,631
- Profit (loss) carried forward -€30,829
down €30,829 (-5.6%), from €548,381 to €517,551
- Provisions -€11,250
no longer reported in 2025 (was €11,250)
- Tax, wage and social debts -€10,982
down €10,982 (-22.2%), from €49,443 to €38,461
of which Taxes: -€16,539
- Debts after one year +€9,383
new in 2025: €9,383
- Trade debts -€7,750
down €7,750 (-10.4%), from €74,640 to €66,890
- Gross operating margin -€39,525
down €39,525 (-20.5%), from €192,695 to €153,170
- Staff costs +€30,350
up €30,350 (+26.2%), from €116,022 to €146,373
- Provisions -€22,500
down €22,500, from €11,250 to -€11,250
- Depreciation -€6,990
down €6,990 (-19.4%), from €35,983 to €28,993
- Financial charges -€2,615
down €2,615 (-29.8%), from €8,772 to €6,157
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 | €765,154 | €717,153 | -€48,001 | -6.3% |
| Fixed assets | 21/28 | €125,337 | €109,102 | -€16,236 | -13.0% |
| Tangible fixed assets | 22/27 | €125,018 | €108,783 | -€16,236 | -13.0% |
| Land and buildings | 22 | €90,326 | €74,891 | -€15,435 | -17.1% |
| Plant, machinery and equipment | 23 | €1,112 | €663 | -€449 | -40.3% |
| Furniture and vehicles | 24 | €22,026 | €23,582 | +€1,555 | +7.1% |
| Other tangible fixed assets | 26 | €11,554 | €9,646 | -€1,907 | -16.5% |
| Financial fixed assets | 28 | €319 | €319 | = | 0.0% |
| Current assets | 29/58 | €639,817 | €608,052 | -€31,765 | -5.0% |
| Stocks and contracts in progress | 3 | €508,696 | €510,063 | +€1,367 | +0.3% |
| Stocks | 30/36 | €508,696 | €510,063 | +€1,367 | +0.3% |
| Amounts receivable within one year | 40/41 | €50,036 | €36,790 | -€13,246 | -26.5% |
| Trade receivables | 40 | €44,086 | €32,456 | -€11,631 | -26.4% |
| Other amounts receivable | 41 | €5,950 | €4,334 | -€1,616 | -27.2% |
| Cash at bank and in hand | 54/58 | €53,770 | €47,281 | -€6,489 | -12.1% |
| Deferred charges and accrued income | 490/1 | €27,315 | €13,918 | -€13,397 | -49.0% |
| Total equity and liabilities | 10/49 | €765,154 | €717,153 | -€48,001 | -6.3% |
| Equity | 10/15 | €568,832 | €538,003 | -€30,829 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €548,381 | €517,551 | -€30,829 | -5.6% |
| Provisions and deferred taxes | 16 | €11,250 | - | -€11,250 | |
| Provisions for liabilities and charges | 160/5 | €11,250 | - | -€11,250 | |
| Major repairs and maintenance | 162 | €11,250 | - | -€11,250 | |
| Amounts payable | 17/49 | €185,072 | €179,151 | -€5,921 | -3.2% |
| Amounts payable after more than one year | 17 | - | €9,383 | +€9,383 | |
| Financial debts | 170/4 | - | €9,383 | +€9,383 | |
| Amounts payable within one year | 42/48 | €185,072 | €167,949 | -€17,123 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €10,449 | €12,569 | +€2,121 | +20.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €74,640 | €66,890 | -€7,750 | -10.4% |
| Suppliers | 440/4 | €74,640 | €66,890 | -€7,750 | -10.4% |
| Taxes, remuneration and social security | 45 | €49,443 | €38,461 | -€10,982 | -22.2% |
| Taxes | 450/3 | €28,033 | €11,494 | -€16,539 | -59.0% |
| Remuneration and social security | 454/9 | €21,410 | €26,967 | +€5,557 | +26.0% |
| Other amounts payable | 47/48 | €540 | €28 | -€511 | -94.8% |
| Accrued charges and deferred income | 492/3 | - | €1,819 | +€1,819 | |
| Non-recurring operating income | 76A | €6,089 | - | -€6,089 | |
| Remuneration, social security and pensions | 62 | €116,022 | €146,373 | +€30,350 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,983 | €28,993 | -€6,990 | -19.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,250 | -€11,250 | -€22,500 | |
| Other operating charges | 640/8 | €11,203 | €13,727 | +€2,524 | +22.5% |
| Gross operating margin | 9900 | €192,695 | €153,170 | -€39,525 | -20.5% |
| Operating profit (loss) | 9901 | €18,237 | -€24,672 | -€42,910 | |
| Financial income | 75/76B | €170 | - | -€170 | |
| Recurring financial income | 75 | €170 | - | -€170 | |
| Financial charges | 65/66B | €8,772 | €6,157 | -€2,615 | -29.8% |
| Recurring financial charges | 65 | €8,772 | €6,157 | -€2,615 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €9,636 | -€30,829 | -€40,466 | |
| Profit (loss) for the period | 9904 | €9,636 | -€30,829 | -€40,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,636 | -€30,829 | -€40,466 |
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 20 October 2026 via checked.be.