AXCELERATE: what changed
Two fiscal 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.
AXCELERATE
Largest movements
- Cash +€14,816
up €14,816 (+17.7%), from €83,788 to €98,604
mainly Other debts (+€100,598) and Net result for the year (+€41,399)
- Receivables within one year +€5,536
up €5,536 (+53.1%), from €10,430 to €15,966
- Other debts +€100,598
up €100,598 (+13421.0%), from €750 to €101,348
- Profit (loss) carried forward -€79,265
down €79,265 (-100.0%), from €79,265 to €0
- Gross operating margin -€1,620
down €1,620 (-2.8%), from €58,737 to €57,118
- Taxes -€785
down €785 (-6.2%), from €12,591 to €11,806
- Other operating charges +€672
up €672 (+304.6%), from €221 to €892
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.
Cash bridge derived
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 | €97,721 | €117,097 | +€19,376 | +19.8% |
| Fixed assets | 21/28 | €3,504 | €2,527 | -€977 | -27.9% |
| Tangible fixed assets | 22/27 | €3,504 | €2,527 | -€977 | -27.9% |
| Furniture and vehicles | 24 | €3,504 | €2,527 | -€977 | -27.9% |
| Current assets | 29/58 | €94,218 | €114,570 | +€20,353 | +21.6% |
| Amounts receivable within one year | 40/41 | €10,430 | €15,966 | +€5,536 | +53.1% |
| Trade receivables | 40 | €10,430 | €15,966 | +€5,536 | +53.1% |
| Cash at bank and in hand | 54/58 | €83,788 | €98,604 | +€14,816 | +17.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €97,721 | €117,097 | +€19,376 | +19.8% |
| Equity | 10/15 | €88,251 | €8,986 | -€79,265 | -89.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,986 | €6,986 | = | 0.0% |
| Distributable reserves | 133 | €6,986 | €6,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,265 | €0 | -€79,265 | -100.0% |
| Amounts payable | 17/49 | €9,471 | €108,112 | +€98,641 | +1041.5% |
| Amounts payable within one year | 42/48 | €9,471 | €108,048 | +€98,578 | +1040.9% |
| Trade debts | 44 | €2,255 | €1,160 | -€1,095 | -48.6% |
| Suppliers | 440/4 | €2,255 | €1,160 | -€1,095 | -48.6% |
| Taxes, remuneration and social security | 45 | €6,466 | €5,541 | -€926 | -14.3% |
| Taxes | 450/3 | €6,466 | €5,541 | -€926 | -14.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €750 | €101,348 | +€100,598 | +13421.0% |
| Accrued charges and deferred income | 492/3 | €0 | €63 | +€63 | |
| Remuneration, social security and pensions | 62 | - | €322 | +€322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €977 | -€190 | -16.3% |
| Other operating charges | 640/8 | €221 | €892 | +€672 | +304.6% |
| Gross operating margin | 9900 | €58,737 | €57,118 | -€1,620 | -2.8% |
| Operating profit (loss) | 9901 | €57,350 | €54,926 | -€2,423 | -4.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,626 | €1,721 | +€95 | +5.9% |
| Recurring financial charges | 65 | €1,626 | €1,721 | +€95 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €55,724 | €53,205 | -€2,519 | -4.5% |
| Income taxes | 67/77 | €12,591 | €11,806 | -€785 | -6.2% |
| Profit (loss) for the period | 9904 | €43,133 | €41,399 | -€1,734 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,133 | €41,399 | -€1,734 | -4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.