AXEL AND SON: 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.
AXEL AND SON
Largest movements
- Tangible fixed assets +€11,854
new in 2025: €11,854
- Receivables within one year -€10,705
down €10,705 (-88.7%), from €12,074 to €1,369
- Cash -€3,073
down €3,073 (-99.1%), from €3,102 to €29
mainly Investment in fixed assets (net) (-€12,272) and Net result for the year (-€1,468)
- Deferred charges and accrued income +€306
new in 2025: €306
- Profit (loss) carried forward -€1,468
down €1,468 (-126%), from -€1,168 to -€2,637
- Gross operating margin -€20,609
down €20,609, from €19,693 to -€917
- Depreciation +€418
new in 2025: €418
- Financial charges -€410
down €410 (-83.9%), from €489 to €79
- Taxes -€235
no longer reported in 2025 (was €235)
- Other operating charges -€233
down €233 (-33.4%), from €699 to €465
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 | €15,176 | €13,558 | -€1,618 | -10.7% |
| Fixed assets | 21/28 | - | €11,854 | +€11,854 | |
| Tangible fixed assets | 22/27 | - | €11,854 | +€11,854 | |
| Plant, machinery and equipment | 23 | - | €11,854 | +€11,854 | |
| Current assets | 29/58 | €15,176 | €1,704 | -€13,472 | -88.8% |
| Amounts receivable within one year | 40/41 | €12,074 | €1,369 | -€10,705 | -88.7% |
| Other amounts receivable | 41 | €12,074 | €1,369 | -€10,705 | -88.7% |
| Cash at bank and in hand | 54/58 | €3,102 | €29 | -€3,073 | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €306 | +€306 | |
| Total equity and liabilities | 10/49 | €15,176 | €13,558 | -€1,618 | -10.7% |
| Equity | 10/15 | €14,325 | €12,857 | -€1,468 | -10.2% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,168 | -€2,637 | -€1,468 | -126% |
| Amounts payable | 17/49 | €851 | €701 | -€150 | -17.6% |
| Amounts payable within one year | 42/48 | €835 | €701 | -€134 | -16.0% |
| Trade debts | 44 | €600 | €466 | -€134 | -22.3% |
| Suppliers | 440/4 | €600 | €466 | -€134 | -22.3% |
| Taxes, remuneration and social security | 45 | €235 | €235 | = | 0.0% |
| Taxes | 450/3 | €235 | €235 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €418 | +€418 | |
| Other operating charges | 640/8 | €699 | €465 | -€233 | -33.4% |
| Gross operating margin | 9900 | €19,693 | -€917 | -€20,609 | |
| Operating profit (loss) | 9901 | €18,994 | -€1,801 | -€20,795 | |
| Financial income | 75/76B | €280 | €411 | +€131 | +46.7% |
| Recurring financial income | 75 | €280 | €411 | +€131 | +46.7% |
| Financial charges | 65/66B | €489 | €79 | -€410 | -83.9% |
| Recurring financial charges | 65 | €489 | €79 | -€410 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €18,785 | -€1,468 | -€20,254 | |
| Income taxes | 67/77 | €235 | - | -€235 | |
| Profit (loss) for the period | 9904 | €18,551 | -€1,468 | -€20,019 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,551 | -€1,468 | -€20,019 |
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 19 October 2026 via checked.be.