AXELDIOR: 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.
AXELDIOR
Largest movements
- Tangible fixed assets +€6,285
up €6,285 (+44.4%), from €14,143 to €20,428
of which Furniture and vehicles: +€7,807
- Receivables within one year -€5,535
down €5,535 (-4.1%), from €133,731 to €128,196
of which Trade receivables: -€9,105
- Profit (loss) carried forward -€34,674
down €34,674 (-97.5%), from -€35,550 to -€70,224
- Other debts +€32,736
up €32,736 (+70.9%), from €46,182 to €78,918
- Current portion of long-term debt -€4,584
down €4,584 (-91.7%), from €5,000 to €416
- Short-term financial debts +€2,493
up €2,493 (+315%), from €792 to €3,285
- Tax, wage and social debts +€2,277
up €2,277 (+12.2%), from €18,668 to €20,945
of which Remuneration and social security: +€2,153
- Other operating charges +€23,449
up €23,449 (+573%), from €4,095 to €27,544
- Taxes +€8,304
up €8,304 (+587%), from €1,415 to €9,719
- Gross operating margin -€7,908
down €7,908 (-10.5%), from €75,577 to €67,669
- Financial charges -€6,834
down €6,834 (-46.7%), from €14,648 to €7,814
- Staff costs +€6,391
up €6,391 (+16.6%), from €38,465 to €44,857
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,307 | €159,313 | +€7 | 0.0% |
| Fixed assets | 21/28 | €17,593 | €23,878 | +€6,285 | +35.7% |
| Tangible fixed assets | 22/27 | €14,143 | €20,428 | +€6,285 | +44.4% |
| Furniture and vehicles | 24 | €1,415 | €9,222 | +€7,807 | +552% |
| Other tangible fixed assets | 26 | €12,728 | €11,206 | -€1,522 | -12.0% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €141,714 | €135,436 | -€6,278 | -4.4% |
| Stocks and contracts in progress | 3 | €7,136 | €7,136 | = | 0.0% |
| Stocks | 30/36 | €7,136 | €7,136 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €133,731 | €128,196 | -€5,535 | -4.1% |
| Trade receivables | 40 | €14,064 | €4,959 | -€9,105 | -64.7% |
| Other amounts receivable | 41 | €119,667 | €123,238 | +€3,571 | +3.0% |
| Deferred charges and accrued income | 490/1 | €847 | €104 | -€743 | -87.7% |
| Total equity and liabilities | 10/49 | €159,307 | €159,313 | +€7 | 0.0% |
| Equity | 10/15 | €16,550 | -€18,124 | -€34,674 | |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €41,100 | €41,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,550 | -€70,224 | -€34,674 | -97.5% |
| Amounts payable | 17/49 | €142,756 | €177,438 | +€34,681 | +24.3% |
| Amounts payable after more than one year | 17 | €416 | €0 | -€416 | -100% |
| Financial debts | 170/4 | €416 | €0 | -€416 | -100% |
| Amounts payable within one year | 42/48 | €142,340 | €177,438 | +€35,098 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €416 | -€4,584 | -91.7% |
| Financial debts | 43 | €792 | €3,285 | +€2,493 | +315% |
| Credit institutions | 430/8 | €792 | €3,285 | +€2,493 | +315% |
| Trade debts | 44 | €70,777 | €72,952 | +€2,175 | +3.1% |
| Suppliers | 440/4 | €70,777 | €72,952 | +€2,175 | +3.1% |
| Advances received on contracts in progress | 46 | €921 | €921 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,668 | €20,945 | +€2,277 | +12.2% |
| Taxes | 450/3 | €9,810 | €9,934 | +€124 | +1.3% |
| Remuneration and social security | 454/9 | €8,858 | €11,011 | +€2,153 | +24.3% |
| Other amounts payable | 47/48 | €46,182 | €78,918 | +€32,736 | +70.9% |
| Non-recurring operating income | 76A | €3,967 | €0 | -€3,967 | -100% |
| Remuneration, social security and pensions | 62 | €38,465 | €44,857 | +€6,391 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,697 | €12,410 | +€2,713 | +28.0% |
| Other operating charges | 640/8 | €4,095 | €27,544 | +€23,449 | +573% |
| Gross operating margin | 9900 | €75,577 | €67,669 | -€7,908 | -10.5% |
| Operating profit (loss) | 9901 | €23,319 | -€17,142 | -€40,461 | |
| Financial income | 75/76B | €41 | €1 | -€40 | -98.3% |
| Recurring financial income | 75 | €41 | €1 | -€40 | -98.3% |
| Financial charges | 65/66B | €14,648 | €7,814 | -€6,834 | -46.7% |
| Recurring financial charges | 65 | €14,648 | €7,814 | -€6,834 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €8,712 | -€24,955 | -€33,667 | |
| Income taxes | 67/77 | €1,415 | €9,719 | +€8,304 | +587% |
| Profit (loss) for the period | 9904 | €7,296 | -€34,674 | -€41,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,296 | -€34,674 | -€41,971 |
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 17 October 2026 via checked.be.