AXEL BARBER: 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 BARBER
Largest movements
- Receivables within one year +€8,065
up €8,065 (+442%), from €1,825 to €9,891
of which Trade receivables: +€8,984
- Other debts +€5,536
new in 2025: €5,536
- Tax, wage and social debts +€1,302
up €1,302 (+47.8%), from €2,725 to €4,027
- Profit (loss) carried forward +€1,202
up €1,202 (+51.0%), from -€2,356 to -€1,154
- Trade debts +€619
up €619 (+169%), from €367 to €986
- Accrued charges and deferred income -€580
no longer reported in 2025 (was €580)
- Other operating charges -€1,793
down €1,793 (-39.4%), from €4,555 to €2,762
- Gross operating margin +€1,507
up €1,507 (+40.5%), from €3,719 to €5,226
- Financial charges -€726
down €726 (-72.7%), from €998 to €272
- Taxes +€441
up €441 (+80.2%), from €550 to €991
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 | €1,825 | €9,896 | +€8,070 | +442% |
| Current assets | 29/58 | €1,825 | €9,896 | +€8,070 | +442% |
| Amounts receivable within one year | 40/41 | €1,825 | €9,891 | +€8,065 | +442% |
| Trade receivables | 40 | €906 | €9,891 | +€8,984 | +992% |
| Other amounts receivable | 41 | €919 | - | -€919 | |
| Cash at bank and in hand | 54/58 | - | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €1,825 | €9,896 | +€8,070 | +442% |
| Equity | 10/15 | -€1,856 | -€654 | +€1,202 | +64.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,356 | -€1,154 | +€1,202 | +51.0% |
| Amounts payable | 17/49 | €3,681 | €10,550 | +€6,869 | +187% |
| Amounts payable within one year | 42/48 | €3,101 | €10,550 | +€7,449 | +240% |
| Financial debts | 43 | €9 | - | -€9 | |
| Credit institutions | 430/8 | €9 | - | -€9 | |
| Trade debts | 44 | €367 | €986 | +€619 | +169% |
| Suppliers | 440/4 | €367 | €986 | +€619 | +169% |
| Taxes, remuneration and social security | 45 | €2,725 | €4,027 | +€1,302 | +47.8% |
| Taxes | 450/3 | €2,725 | €4,027 | +€1,302 | +47.8% |
| Other amounts payable | 47/48 | - | €5,536 | +€5,536 | |
| Accrued charges and deferred income | 492/3 | €580 | - | -€580 | |
| Other operating charges | 640/8 | €4,555 | €2,762 | -€1,793 | -39.4% |
| Gross operating margin | 9900 | €3,719 | €5,226 | +€1,507 | +40.5% |
| Operating profit (loss) | 9901 | -€836 | €2,464 | +€3,300 | |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €998 | €272 | -€726 | -72.7% |
| Recurring financial charges | 65 | €998 | €272 | -€726 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,806 | €2,192 | +€3,998 | |
| Income taxes | 67/77 | €550 | €991 | +€441 | +80.2% |
| Profit (loss) for the period | 9904 | -€2,356 | €1,202 | +€3,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,356 | €1,202 | +€3,557 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.