AXEL TROCH: 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 TROCH
Largest movements
- Receivables within one year -€25,548
down €25,548 (-19.6%), from €130,048 to €104,499
of which Other amounts receivable: -€35,684
- Stocks and contracts -€18,060
no longer reported in 2025 (was €18,060)
- Deferred charges and accrued income -€6,165
no longer reported in 2025 (was €6,165)
- Tangible fixed assets -€3,234
down €3,234 (-18.4%), from €17,526 to €14,293
of which Land and buildings: -€2,585
- Cash -€2,754
down €2,754 (-90.5%), from €3,042 to €288
mainly Contributions, distributions and other (-€60,000) and Advances received (-€42,445)
- Contributions -€60,000
down €60,000 (-64.1%), from €93,592 to €33,592
- Other debts +€56,110
up €56,110 (+1,131,251%), from €5 to €56,115
- Advances received -€42,445
no longer reported in 2025 (was €42,445)
- Profit (loss) carried forward +€14,362
up €14,362 (+17.4%), from -€82,317 to -€67,955
- Debts after one year -€12,545
no longer reported in 2025 (was €12,545)
- Depreciation -€12,520
down €12,520 (-79.5%), from €15,753 to €3,234
- Gross operating margin +€9,483
up €9,483 (+40.4%), from €23,451 to €32,934
- Other operating charges +€8,468
up €8,468 (+585%), from €1,448 to €9,916
- Financial income -€6,165
down €6,165 (-100.0%), from €6,165 to €0
- Financial charges +€786
up €786 (+17.7%), from €4,449 to €5,234
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 | €174,842 | €119,080 | -€55,762 | -31.9% |
| Fixed assets | 21/28 | €17,526 | €14,293 | -€3,234 | -18.4% |
| Tangible fixed assets | 22/27 | €17,526 | €14,293 | -€3,234 | -18.4% |
| Land and buildings | 22 | €15,926 | €13,341 | -€2,585 | -16.2% |
| Plant, machinery and equipment | 23 | €1,601 | €952 | -€649 | -40.5% |
| Current assets | 29/58 | €157,316 | €104,787 | -€52,528 | -33.4% |
| Stocks and contracts in progress | 3 | €18,060 | - | -€18,060 | |
| Stocks | 30/36 | €18,060 | - | -€18,060 | |
| Amounts receivable within one year | 40/41 | €130,048 | €104,499 | -€25,548 | -19.6% |
| Trade receivables | 40 | €1,759 | €11,895 | +€10,136 | +576% |
| Other amounts receivable | 41 | €128,289 | €92,605 | -€35,684 | -27.8% |
| Cash at bank and in hand | 54/58 | €3,042 | €288 | -€2,754 | -90.5% |
| Deferred charges and accrued income | 490/1 | €6,165 | - | -€6,165 | |
| Total equity and liabilities | 10/49 | €174,842 | €119,080 | -€55,762 | -31.9% |
| Equity | 10/15 | €64,856 | €19,218 | -€45,638 | -70.4% |
| Contributions | 10/11 | €93,592 | €33,592 | -€60,000 | -64.1% |
| Reserves | 13 | €53,581 | €53,581 | = | 0.0% |
| Distributable reserves | 133 | €53,581 | €53,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,317 | -€67,955 | +€14,362 | +17.4% |
| Amounts payable | 17/49 | €109,986 | €99,862 | -€10,124 | -9.2% |
| Amounts payable after more than one year | 17 | €12,545 | - | -€12,545 | |
| Financial debts | 170/4 | €12,545 | - | -€12,545 | |
| Amounts payable within one year | 42/48 | €91,793 | €99,862 | +€8,069 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €22,499 | €14,090 | -€8,408 | -37.4% |
| Financial debts | 43 | €3,310 | €11,008 | +€7,698 | +233% |
| Credit institutions | 430/8 | €3,310 | €11,008 | +€7,698 | +233% |
| Trade debts | 44 | €19,124 | €13,645 | -€5,479 | -28.7% |
| Suppliers | 440/4 | €19,124 | €13,645 | -€5,479 | -28.7% |
| Advances received on contracts in progress | 46 | €42,445 | - | -€42,445 | |
| Taxes, remuneration and social security | 45 | €4,410 | €5,004 | +€594 | +13.5% |
| Taxes | 450/3 | €4,410 | €5,004 | +€594 | +13.5% |
| Other amounts payable | 47/48 | €5 | €56,115 | +€56,110 | +1,131,251% |
| Accrued charges and deferred income | 492/3 | €5,648 | - | -€5,648 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,753 | €3,234 | -€12,520 | -79.5% |
| Other operating charges | 640/8 | €1,448 | €9,916 | +€8,468 | +585% |
| Gross operating margin | 9900 | €23,451 | €32,934 | +€9,483 | +40.4% |
| Operating profit (loss) | 9901 | €6,250 | €19,785 | +€13,535 | +217% |
| Financial income | 75/76B | €6,165 | €0 | -€6,165 | -100.0% |
| Recurring financial income | 75 | €6,165 | €0 | -€6,165 | -100.0% |
| Financial charges | 65/66B | €4,449 | €5,234 | +€786 | +17.7% |
| Recurring financial charges | 65 | €4,449 | €5,234 | +€786 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €7,967 | €14,550 | +€6,584 | +82.6% |
| Income taxes | 67/77 | €536 | €189 | -€348 | -64.8% |
| Profit (loss) for the period | 9904 | €7,430 | €14,362 | +€6,932 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,430 | €14,362 | +€6,932 | +93.3% |
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 28 October 2026 via checked.be.