AxD Consulting: 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.
AxD Consulting
Largest movements
- Receivables within one year +€17,542
up €17,542 (+101%), from €17,427 to €34,969
of which Trade receivables: +€19,542
- Current investments -€11,784
down €11,784 (-21.9%), from €53,735 to €41,951
- Cash +€8,205
up €8,205 (+9.1%), from €89,796 to €98,001
mainly Net result for the year (+€81,103) and Other debts (+€66,330)
- Intangible fixed assets -€4,000
down €4,000 (-18.2%), from €22,000 to €18,000
- Tangible fixed assets -€3,875
down €3,875 (-25.5%), from €15,193 to €11,318
of which Furniture and vehicles: -€2,917
- Other debts +€66,330
up €66,330 (+89.0%), from €74,500 to €140,830
- Reserves -€60,000
down €60,000 (-53.8%), from €111,500 to €51,500
- Tax, wage and social debts +€8,759
up €8,759 (+65.9%), from €13,288 to €22,047
of which Taxes: +€4,759
- Profit (loss) carried forward -€8,097
down €8,097, from €395 to -€7,702
- Gross operating margin +€7,354
up €7,354 (+7.2%), from €101,797 to €109,151
- Taxes +€3,270
up €3,270 (+17.6%), from €18,609 to €21,879
- Financial charges -€2,053
down €2,053 (-92.2%), from €2,226 to €173
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 | €200,748 | €208,158 | +€7,410 | +3.7% |
| Fixed assets | 21/28 | €37,193 | €29,318 | -€7,875 | -21.2% |
| Intangible fixed assets | 21 | €22,000 | €18,000 | -€4,000 | -18.2% |
| Tangible fixed assets | 22/27 | €15,193 | €11,318 | -€3,875 | -25.5% |
| Furniture and vehicles | 24 | €8,415 | €5,498 | -€2,917 | -34.7% |
| Other tangible fixed assets | 26 | €6,778 | €5,820 | -€958 | -14.1% |
| Current assets | 29/58 | €163,555 | €178,841 | +€15,286 | +9.3% |
| Amounts receivable within one year | 40/41 | €17,427 | €34,969 | +€17,542 | +101% |
| Trade receivables | 40 | €15,427 | €34,969 | +€19,542 | +127% |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Current investments | 50/53 | €53,735 | €41,951 | -€11,784 | -21.9% |
| Cash at bank and in hand | 54/58 | €89,796 | €98,001 | +€8,205 | +9.1% |
| Deferred charges and accrued income | 490/1 | €2,597 | €3,919 | +€1,322 | +50.9% |
| Total equity and liabilities | 10/49 | €200,748 | €208,158 | +€7,410 | +3.7% |
| Equity | 10/15 | €111,895 | €43,898 | -€67,997 | -60.8% |
| Contributions | 10/11 | - | €100 | +€100 | |
| Reserves | 13 | €111,500 | €51,500 | -€60,000 | -53.8% |
| Distributable reserves | 133 | €111,500 | €51,500 | -€60,000 | -53.8% |
| Profit (loss) carried forward | 14 | €395 | -€7,702 | -€8,097 | |
| Amounts payable | 17/49 | €88,853 | €164,260 | +€75,407 | +84.9% |
| Amounts payable within one year | 42/48 | €88,853 | €164,260 | +€75,407 | +84.9% |
| Trade debts | 44 | €1,065 | €1,383 | +€318 | +29.9% |
| Suppliers | 440/4 | €1,065 | €1,383 | +€318 | +29.9% |
| Taxes, remuneration and social security | 45 | €13,288 | €22,047 | +€8,759 | +65.9% |
| Taxes | 450/3 | €11,588 | €16,347 | +€4,759 | +41.1% |
| Remuneration and social security | 454/9 | €1,700 | €5,700 | +€4,000 | +235% |
| Other amounts payable | 47/48 | €74,500 | €140,830 | +€66,330 | +89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,788 | €7,875 | -€913 | -10.4% |
| Other operating charges | 640/8 | €1,418 | €451 | -€967 | -68.2% |
| Gross operating margin | 9900 | €101,797 | €109,151 | +€7,354 | +7.2% |
| Operating profit (loss) | 9901 | €91,591 | €100,824 | +€9,233 | +10.1% |
| Financial income | 75/76B | €2,800 | €2,331 | -€469 | -16.7% |
| Recurring financial income | 75 | €2,800 | €2,331 | -€469 | -16.7% |
| Financial charges | 65/66B | €2,226 | €173 | -€2,053 | -92.2% |
| Recurring financial charges | 65 | €2,226 | €173 | -€2,053 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €92,165 | €102,982 | +€10,817 | +11.7% |
| Income taxes | 67/77 | €18,609 | €21,879 | +€3,270 | +17.6% |
| Profit (loss) for the period | 9904 | €73,556 | €81,103 | +€7,547 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,556 | €81,103 | +€7,547 | +10.3% |
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 17 October 2026 via checked.be.