Axeleo: 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.
Axeleo
Largest movements
- Cash +€26,297
up €26,297 (+44.0%), from €59,792 to €86,089
mainly Other debts (+€76,443) and Net result for the year (+€32,117)
- Receivables within one year +€5,441
up €5,441 (+35.2%), from €15,451 to €20,892
of which Other amounts receivable: +€4,746
- Deferred charges and accrued income -€2,335
down €2,335 (-68.8%), from €3,395 to €1,060
- Other debts +€76,443
up €76,443 (+133922.4%), from €57 to €76,500
- Reserves -€58,000
down €58,000 (-100.0%), from €58,000 to €0
- Tax, wage and social debts +€12,959
up €12,959 (+173.4%), from €7,473 to €20,433
- Trade debts -€2,756
down €2,756 (-66.6%), from €4,135 to €1,379
- Gross operating margin +€15,034
up €15,034 (+50.5%), from €29,797 to €44,831
- Taxes +€2,431
up €2,431 (+37.2%), from €6,539 to €8,970
- Financial charges +€1,815
up €1,815 (+1300.8%), from €140 to €1,955
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.
Cash bridge derived
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 | €79,934 | €108,831 | +€28,897 | +36.2% |
| Fixed assets | 21/28 | €1,296 | €790 | -€506 | -39.1% |
| Tangible fixed assets | 22/27 | €1,296 | €790 | -€506 | -39.1% |
| Furniture and vehicles | 24 | €1,296 | €790 | -€506 | -39.1% |
| Current assets | 29/58 | €78,638 | €108,041 | +€29,403 | +37.4% |
| Amounts receivable within one year | 40/41 | €15,451 | €20,892 | +€5,441 | +35.2% |
| Trade receivables | 40 | €13,976 | €14,671 | +€696 | +5.0% |
| Other amounts receivable | 41 | €1,475 | €6,221 | +€4,746 | +321.6% |
| Cash at bank and in hand | 54/58 | €59,792 | €86,089 | +€26,297 | +44.0% |
| Deferred charges and accrued income | 490/1 | €3,395 | €1,060 | -€2,335 | -68.8% |
| Total equity and liabilities | 10/49 | €79,934 | €108,831 | +€28,897 | +36.2% |
| Equity | 10/15 | €68,269 | €10,386 | -€57,883 | -84.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €58,000 | €0 | -€58,000 | -100.0% |
| Distributable reserves | 133 | €58,000 | €0 | -€58,000 | -100.0% |
| Profit (loss) carried forward | 14 | €269 | €386 | +€117 | +43.6% |
| Amounts payable | 17/49 | €11,665 | €98,444 | +€86,779 | +743.9% |
| Amounts payable within one year | 42/48 | €11,665 | €98,444 | +€86,779 | +743.9% |
| Financial debts | 43 | - | €133 | +€133 | |
| Credit institutions | 430/8 | - | €133 | +€133 | |
| Trade debts | 44 | €4,135 | €1,379 | -€2,756 | -66.6% |
| Suppliers | 440/4 | €4,135 | €1,379 | -€2,756 | -66.6% |
| Taxes, remuneration and social security | 45 | €7,473 | €20,433 | +€12,959 | +173.4% |
| Taxes | 450/3 | €7,473 | €20,433 | +€12,959 | +173.4% |
| Other amounts payable | 47/48 | €57 | €76,500 | +€76,443 | +133922.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €506 | = | 0.0% |
| Other operating charges | 640/8 | €1,221 | €1,306 | +€85 | +7.0% |
| Gross operating margin | 9900 | €29,797 | €44,831 | +€15,034 | +50.5% |
| Operating profit (loss) | 9901 | €28,070 | €43,018 | +€14,948 | +53.3% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €140 | €1,955 | +€1,815 | +1300.8% |
| Recurring financial charges | 65 | €140 | €1,955 | +€1,815 | +1300.8% |
| Profit (loss) for the period before taxes | 9903 | €27,930 | €41,088 | +€13,157 | +47.1% |
| Income taxes | 67/77 | €6,539 | €8,970 | +€2,431 | +37.2% |
| Profit (loss) for the period | 9904 | €21,391 | €32,117 | +€10,726 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,391 | €32,117 | +€10,726 | +50.1% |
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 11 October 2026 via checked.be.