AXALL: 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.
AXALL
Largest movements
- Stocks and contracts +€8,686
up €8,686 (+6.8%), from €127,548 to €136,234
- Tangible fixed assets -€5,546
down €5,546 (-64.7%), from €8,571 to €3,025
- Cash -€5,384
down €5,384 (-10.4%), from €51,976 to €46,592
mainly Other debts (-€24,414) and Stocks and contracts (-€8,686)
- Receivables within one year -€2,846
down €2,846 (-15.8%), from €17,991 to €15,145
of which Trade receivables: -€3,085
- Other debts -€24,414
down €24,414 (-26.7%), from €91,330 to €66,916
- Profit (loss) carried forward +€13,240
up €13,240 (+19.5%), from €67,761 to €81,001
- Trade debts +€5,120
up €5,120 (+35.4%), from €14,455 to €19,575
- Gross operating margin -€6,923
down €6,923 (-14.8%), from €46,861 to €39,938
- Taxes +€5,670
up €5,670 (+61.2%), from €9,260 to €14,929
- Depreciation -€493
down €493 (-8.2%), from €6,039 to €5,546
- Financial charges -€479
down €479 (-6.9%), from €6,939 to €6,460
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 | €208,636 | €203,546 | -€5,090 | -2.4% |
| Fixed assets | 21/28 | €11,121 | €5,575 | -€5,546 | -49.9% |
| Tangible fixed assets | 22/27 | €8,571 | €3,025 | -€5,546 | -64.7% |
| Furniture and vehicles | 24 | €8,571 | €3,025 | -€5,546 | -64.7% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €197,515 | €197,971 | +€456 | +0.2% |
| Stocks and contracts in progress | 3 | €127,548 | €136,234 | +€8,686 | +6.8% |
| Stocks | 30/36 | €127,548 | €136,234 | +€8,686 | +6.8% |
| Amounts receivable within one year | 40/41 | €17,991 | €15,145 | -€2,846 | -15.8% |
| Trade receivables | 40 | €14,394 | €11,309 | -€3,085 | -21.4% |
| Other amounts receivable | 41 | €3,597 | €3,837 | +€240 | +6.7% |
| Cash at bank and in hand | 54/58 | €51,976 | €46,592 | -€5,384 | -10.4% |
| Total equity and liabilities | 10/49 | €208,636 | €203,546 | -€5,090 | -2.4% |
| Equity | 10/15 | €88,221 | €101,461 | +€13,240 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,761 | €81,001 | +€13,240 | +19.5% |
| Amounts payable | 17/49 | €120,414 | €102,085 | -€18,329 | -15.2% |
| Amounts payable within one year | 42/48 | €120,414 | €102,085 | -€18,329 | -15.2% |
| Trade debts | 44 | €14,455 | €19,575 | +€5,120 | +35.4% |
| Suppliers | 440/4 | €14,455 | €19,575 | +€5,120 | +35.4% |
| Taxes, remuneration and social security | 45 | €14,629 | €15,594 | +€965 | +6.6% |
| Taxes | 450/3 | €14,629 | €15,594 | +€965 | +6.6% |
| Other amounts payable | 47/48 | €91,330 | €66,916 | -€24,414 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,039 | €5,546 | -€493 | -8.2% |
| Other operating charges | 640/8 | €472 | €85 | -€387 | -82.0% |
| Gross operating margin | 9900 | €46,861 | €39,938 | -€6,923 | -14.8% |
| Operating profit (loss) | 9901 | €40,350 | €34,307 | -€6,042 | -15.0% |
| Financial income | 75/76B | €570 | €322 | -€248 | -43.6% |
| Recurring financial income | 75 | €570 | €322 | -€248 | -43.6% |
| Financial charges | 65/66B | €6,939 | €6,460 | -€479 | -6.9% |
| Recurring financial charges | 65 | €6,939 | €6,460 | -€479 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €33,981 | €28,169 | -€5,812 | -17.1% |
| Income taxes | 67/77 | €9,260 | €14,929 | +€5,670 | +61.2% |
| Profit (loss) for the period | 9904 | €24,721 | €13,240 | -€11,482 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,721 | €13,240 | -€11,482 | -46.4% |
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 27 October 2026 via checked.be.