AXELLERIZE: what changed
Two fiscal 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.
AXELLERIZE
Largest movements
- Current investments +€18,000
up €18,000 (+174.5%), from €10,315 to €28,315
- Receivables within one year +€10,428
up €10,428 (+32.8%), from €31,746 to €42,174
of which Other amounts receivable: +€10,945
- Tangible fixed assets -€9,380
down €9,380 (-33.9%), from €27,685 to €18,305
of which Leasing and similar rights: -€5,431
- Deferred charges and accrued income +€2,101
up €2,101 (+25.6%), from €8,211 to €10,311
- Receivables after one year -€1,483
down €1,483 (-5.6%), from €26,483 to €25,000
- Reserves +€29,004
up €29,004 (+36.5%), from €79,508 to €108,512
- Debts after one year -€5,547
down €5,547 (-38.6%), from €14,371 to €8,823
- Tax, wage and social debts -€2,158
down €2,158 (-75.1%), from €2,873 to €715
- Gross operating margin -€12,759
down €12,759 (-20.9%), from €61,100 to €48,341
- Taxes -€1,767
down €1,767 (-16.3%), from €10,817 to €9,050
- Financial income +€1,479
up €1,479 (+99.2%), from €1,491 to €2,970
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 | €113,464 | €134,140 | +€20,677 | +18.2% |
| Fixed assets | 21/28 | €27,685 | €19,205 | -€8,480 | -30.6% |
| Tangible fixed assets | 22/27 | €27,685 | €18,305 | -€9,380 | -33.9% |
| Plant, machinery and equipment | 23 | €6,666 | €3,184 | -€3,482 | -52.2% |
| Furniture and vehicles | 24 | €2,004 | €1,537 | -€467 | -23.3% |
| Leasing and similar rights | 25 | €19,015 | €13,584 | -€5,431 | -28.6% |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €85,779 | €114,935 | +€29,157 | +34.0% |
| Amounts receivable after more than one year | 29 | €26,483 | €25,000 | -€1,483 | -5.6% |
| Other amounts receivable | 291 | €26,483 | €25,000 | -€1,483 | -5.6% |
| Amounts receivable within one year | 40/41 | €31,746 | €42,174 | +€10,428 | +32.8% |
| Trade receivables | 40 | €27,474 | €26,957 | -€517 | -1.9% |
| Other amounts receivable | 41 | €4,272 | €15,217 | +€10,945 | +256.2% |
| Current investments | 50/53 | €10,315 | €28,315 | +€18,000 | +174.5% |
| Cash at bank and in hand | 54/58 | €9,024 | €9,135 | +€111 | +1.2% |
| Deferred charges and accrued income | 490/1 | €8,211 | €10,311 | +€2,101 | +25.6% |
| Total equity and liabilities | 10/49 | €113,464 | €134,140 | +€20,677 | +18.2% |
| Equity | 10/15 | €84,508 | €113,512 | +€29,004 | +34.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,508 | €108,512 | +€29,004 | +36.5% |
| Distributable reserves | 133 | €79,508 | €108,512 | +€29,004 | +36.5% |
| Amounts payable | 17/49 | €28,956 | €20,628 | -€8,328 | -28.8% |
| Amounts payable after more than one year | 17 | €14,371 | €8,823 | -€5,547 | -38.6% |
| Financial debts | 170/4 | €14,371 | €8,823 | -€5,547 | -38.6% |
| Amounts payable within one year | 42/48 | €14,585 | €11,805 | -€2,780 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €5,293 | €5,547 | +€254 | +4.8% |
| Trade debts | 44 | €6,418 | €5,542 | -€876 | -13.7% |
| Suppliers | 440/4 | €6,418 | €5,542 | -€876 | -13.7% |
| Taxes, remuneration and social security | 45 | €2,873 | €715 | -€2,158 | -75.1% |
| Taxes | 450/3 | €2,873 | €715 | -€2,158 | -75.1% |
| Remuneration, social security and pensions | 62 | €1,920 | €1,920 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,007 | €9,380 | +€373 | +4.1% |
| Other operating charges | 640/8 | €589 | €497 | -€92 | -15.5% |
| Gross operating margin | 9900 | €61,100 | €48,341 | -€12,759 | -20.9% |
| Operating profit (loss) | 9901 | €49,584 | €36,544 | -€13,040 | -26.3% |
| Financial income | 75/76B | €1,491 | €2,970 | +€1,479 | +99.2% |
| Recurring financial income | 75 | €1,491 | €2,970 | +€1,479 | +99.2% |
| Financial charges | 65/66B | €1,814 | €1,460 | -€354 | -19.5% |
| Recurring financial charges | 65 | €1,814 | €1,460 | -€354 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €49,261 | €38,054 | -€11,207 | -22.7% |
| Income taxes | 67/77 | €10,817 | €9,050 | -€1,767 | -16.3% |
| Profit (loss) for the period | 9904 | €38,444 | €29,004 | -€9,440 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,444 | €29,004 | -€9,440 | -24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.