AXE CAR: 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.
AXE CAR
Largest movements
- Receivables within one year +€91,718
up €91,718 (+36.1%), from €254,115 to €345,833
of which Trade receivables: +€89,749
- Cash -€12,225
down €12,225 (-11.2%), from €109,587 to €97,362
mainly Trade debts (-€217,674) and Receivables within one year (-€91,718)
- Advances received +€345,718
new in 2025: €345,718
- Trade debts -€217,674
down €217,674 (-79.7%), from €273,242 to €55,568
- Profit (loss) carried forward -€37,880
down €37,880 (-52.8%), from €71,728 to €33,848
- Tax, wage and social debts -€10,628
no longer reported in 2025 (was €10,628)
- Gross operating margin -€64,994
down €64,994, from €32,989 to -€32,005
- Financial income -€13,740
down €13,740 (-90.7%), from €15,150 to €1,410
- Taxes -€10,628
no longer reported in 2025 (was €10,628)
- Other operating charges -€8,107
down €8,107 (-95.4%), from €8,494 to €387
- Financial charges +€6,663
up €6,663 (+2,835%), from €235 to €6,898
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 | €363,702 | €443,195 | +€79,492 | +21.9% |
| Current assets | 29/58 | €363,702 | €443,195 | +€79,492 | +21.9% |
| Amounts receivable within one year | 40/41 | €254,115 | €345,833 | +€91,718 | +36.1% |
| Trade receivables | 40 | €247,925 | €337,674 | +€89,749 | +36.2% |
| Other amounts receivable | 41 | €6,190 | €8,159 | +€1,969 | +31.8% |
| Cash at bank and in hand | 54/58 | €109,587 | €97,362 | -€12,225 | -11.2% |
| Total equity and liabilities | 10/49 | €363,702 | €443,195 | +€79,492 | +21.9% |
| Equity | 10/15 | €79,788 | €41,908 | -€37,880 | -47.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €71,728 | €33,848 | -€37,880 | -52.8% |
| Amounts payable | 17/49 | €283,914 | €401,286 | +€117,372 | +41.3% |
| Amounts payable within one year | 42/48 | €283,914 | €401,286 | +€117,372 | +41.3% |
| Trade debts | 44 | €273,242 | €55,568 | -€217,674 | -79.7% |
| Suppliers | 440/4 | €273,242 | €55,568 | -€217,674 | -79.7% |
| Advances received on contracts in progress | 46 | - | €345,718 | +€345,718 | |
| Taxes, remuneration and social security | 45 | €10,628 | - | -€10,628 | |
| Taxes | 450/3 | €10,628 | - | -€10,628 | |
| Other amounts payable | 47/48 | €44 | - | -€44 | |
| Other operating charges | 640/8 | €8,494 | €387 | -€8,107 | -95.4% |
| Gross operating margin | 9900 | €32,989 | -€32,005 | -€64,994 | |
| Operating profit (loss) | 9901 | €24,494 | -€32,393 | -€56,887 | |
| Financial income | 75/76B | €15,150 | €1,410 | -€13,740 | -90.7% |
| Recurring financial income | 75 | €15,150 | €1,410 | -€13,740 | -90.7% |
| Financial charges | 65/66B | €235 | €6,898 | +€6,663 | +2,835% |
| Recurring financial charges | 65 | €235 | €6,898 | +€6,663 | +2,835% |
| Profit (loss) for the period before taxes | 9903 | €39,409 | -€37,880 | -€77,289 | |
| Income taxes | 67/77 | €10,628 | - | -€10,628 | |
| Profit (loss) for the period | 9904 | €28,781 | -€37,880 | -€66,661 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,781 | -€37,880 | -€66,661 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.