AXELEROS: 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.
AXELEROS
Largest movements
- Cash +€27,295
up €27,295 (+24.1%), from €113,124 to €140,419
mainly Other debts (+€129,378) and Net result for the year (+€68,084)
- Receivables within one year -€6,824
down €6,824 (-30.1%), from €22,663 to €15,839
of which Other amounts receivable: -€6,836
- Other debts +€129,378
up €129,378 (+917%), from €14,105 to €143,482
- Profit (loss) carried forward -€105,311
down €105,311 (-88.7%), from €118,779 to €13,468
- Gross operating margin +€36,759
up €36,759 (+69.0%), from €53,266 to €90,025
- Taxes +€9,512
up €9,512 (+92.5%), from €10,286 to €19,798
- Other operating charges -€2,041
down €2,041 (-95.6%), from €2,135 to €94
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 | €160,313 | €181,073 | +€20,760 | +12.9% |
| Fixed assets | 21/28 | €23,989 | €23,990 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €23,989 | €23,990 | +€1 | 0.0% |
| Furniture and vehicles | 24 | €5,945 | €6,697 | +€752 | +12.6% |
| Other tangible fixed assets | 26 | €18,044 | €17,293 | -€751 | -4.2% |
| Current assets | 29/58 | €136,324 | €157,083 | +€20,759 | +15.2% |
| Amounts receivable within one year | 40/41 | €22,663 | €15,839 | -€6,824 | -30.1% |
| Trade receivables | 40 | €15,488 | €15,500 | +€13 | +0.1% |
| Other amounts receivable | 41 | €7,176 | €339 | -€6,836 | -95.3% |
| Cash at bank and in hand | 54/58 | €113,124 | €140,419 | +€27,295 | +24.1% |
| Deferred charges and accrued income | 490/1 | €537 | €825 | +€288 | +53.6% |
| Total equity and liabilities | 10/49 | €160,313 | €181,073 | +€20,760 | +12.9% |
| Equity | 10/15 | €119,279 | €13,968 | -€105,311 | -88.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,779 | €13,468 | -€105,311 | -88.7% |
| Amounts payable | 17/49 | €41,034 | €167,105 | +€126,071 | +307% |
| Amounts payable within one year | 42/48 | €41,034 | €167,083 | +€126,049 | +307% |
| Trade debts | 44 | €2,902 | €1,259 | -€1,644 | -56.6% |
| Suppliers | 440/4 | €2,902 | €1,259 | -€1,644 | -56.6% |
| Taxes, remuneration and social security | 45 | €24,027 | €22,342 | -€1,685 | -7.0% |
| Taxes | 450/3 | €21,409 | €19,724 | -€1,685 | -7.9% |
| Remuneration and social security | 454/9 | €2,618 | €2,618 | = | 0.0% |
| Other amounts payable | 47/48 | €14,105 | €143,482 | +€129,378 | +917% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €1,586 | +€252 | +18.9% |
| Other operating charges | 640/8 | €2,135 | €94 | -€2,041 | -95.6% |
| Gross operating margin | 9900 | €53,266 | €90,025 | +€36,759 | +69.0% |
| Operating profit (loss) | 9901 | €49,796 | €88,344 | +€38,548 | +77.4% |
| Financial income | 75/76B | €88 | €54 | -€34 | -39.0% |
| Recurring financial income | 75 | €88 | €54 | -€34 | -39.0% |
| Financial charges | 65/66B | €426 | €516 | +€90 | +21.2% |
| Recurring financial charges | 65 | €426 | €516 | +€90 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €49,458 | €87,882 | +€38,424 | +77.7% |
| Income taxes | 67/77 | €10,286 | €19,798 | +€9,512 | +92.5% |
| Profit (loss) for the period | 9904 | €39,172 | €68,084 | +€28,912 | +73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,172 | €68,084 | +€28,912 | +73.8% |
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 30 October 2026 via checked.be.