AXEDA: 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.
AXEDA
Largest movements
- Cash +€41,072
up €41,072 (+64.1%), from €64,047 to €105,119
mainly Net result for the year (+€78,544) and Depreciation (+€39,058)
- Intangible fixed assets +€33,241
up €33,241 (+35.8%), from €92,825 to €126,066
- Receivables within one year +€18,799
up €18,799 (+127%), from €14,829 to €33,628
of which Trade receivables: +€19,398
- Profit (loss) carried forward +€78,544
up €78,544 (+94.9%), from €82,743 to €161,287
- Trade debts +€16,264
up €16,264 (+90.1%), from €18,044 to €34,308
- Gross operating margin +€28,028
up €28,028 (+22.5%), from €124,660 to €152,688
- Depreciation +€19,287
up €19,287 (+97.6%), from €19,771 to €39,058
- Financial charges +€14,536
up €14,536 (+15,630%), from €93 to €14,629
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 | €171,701 | €265,231 | +€93,530 | +54.5% |
| Fixed assets | 21/28 | €92,825 | €126,066 | +€33,241 | +35.8% |
| Intangible fixed assets | 21 | €92,825 | €126,066 | +€33,241 | +35.8% |
| Current assets | 29/58 | €78,876 | €139,165 | +€60,289 | +76.4% |
| Amounts receivable within one year | 40/41 | €14,829 | €33,628 | +€18,799 | +127% |
| Trade receivables | 40 | €12,767 | €32,165 | +€19,398 | +152% |
| Other amounts receivable | 41 | €2,062 | €1,463 | -€599 | -29.0% |
| Cash at bank and in hand | 54/58 | €64,047 | €105,119 | +€41,072 | +64.1% |
| Deferred charges and accrued income | 490/1 | - | €418 | +€418 | |
| Total equity and liabilities | 10/49 | €171,701 | €265,231 | +€93,530 | +54.5% |
| Equity | 10/15 | €132,743 | €211,287 | +€78,544 | +59.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,743 | €161,287 | +€78,544 | +94.9% |
| Amounts payable | 17/49 | €38,958 | €53,944 | +€14,986 | +38.5% |
| Amounts payable within one year | 42/48 | €38,958 | €53,944 | +€14,986 | +38.5% |
| Trade debts | 44 | €18,044 | €34,308 | +€16,264 | +90.1% |
| Suppliers | 440/4 | €18,044 | €34,308 | +€16,264 | +90.1% |
| Taxes, remuneration and social security | 45 | €20,914 | €19,636 | -€1,278 | -6.1% |
| Taxes | 450/3 | €20,914 | €19,636 | -€1,278 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,771 | €39,058 | +€19,287 | +97.6% |
| Other operating charges | 640/8 | €1,390 | €821 | -€569 | -40.9% |
| Gross operating margin | 9900 | €124,660 | €152,688 | +€28,028 | +22.5% |
| Operating profit (loss) | 9901 | €103,499 | €112,809 | +€9,310 | +9.0% |
| Financial income | 75/76B | €251 | - | -€251 | |
| Recurring financial income | 75 | €251 | - | -€251 | |
| Financial charges | 65/66B | €93 | €14,629 | +€14,536 | +15,630% |
| Recurring financial charges | 65 | €93 | €14,629 | +€14,536 | +15,630% |
| Profit (loss) for the period before taxes | 9903 | €103,657 | €98,180 | -€5,477 | -5.3% |
| Income taxes | 67/77 | €20,914 | €19,636 | -€1,278 | -6.1% |
| Profit (loss) for the period | 9904 | €82,743 | €78,544 | -€4,199 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,743 | €78,544 | -€4,199 | -5.1% |
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 14 October 2026 via checked.be.