AXELSIOR: 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.
AXELSIOR
Largest movements
- Cash -€12,156
down €12,156 (-18.4%), from €66,127 to €53,971
mainly Debts after one year (-€17,020) and Other debts (-€5,188)
- Tangible fixed assets -€11,909
down €11,909 (-13.7%), from €86,862 to €74,953
of which Plant, machinery and equipment: -€12,531
- Receivables within one year +€1,773
up €1,773 (+12.8%), from €13,874 to €15,647
of which Other amounts receivable: +€2,509
- Debts after one year -€17,020
down €17,020 (-14.7%), from €115,530 to €98,510
- Other debts -€5,188
down €5,188 (-75.5%), from €6,872 to €1,684
- Accrued charges and deferred income +€2,399
new in 2024: €2,399
- Gross operating margin -€7,231
down €7,231 (-24.7%), from €29,301 to €22,070
- Financial charges +€1,227
up €1,227 (+48.0%), from €2,557 to €3,784
- Other operating charges +€1,138
up €1,138 (+165.3%), from €688 to €1,826
- Taxes +€667
up €667 (+6665300.0%), from €0 to €667
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,305 | €147,621 | -€20,685 | -12.3% |
| Fixed assets | 21/28 | €87,112 | €75,203 | -€11,909 | -13.7% |
| Tangible fixed assets | 22/27 | €86,862 | €74,953 | -€11,909 | -13.7% |
| Plant, machinery and equipment | 23 | €85,677 | €73,146 | -€12,531 | -14.6% |
| Furniture and vehicles | 24 | €1,185 | €1,807 | +€622 | +52.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €81,193 | €72,418 | -€8,776 | -10.8% |
| Amounts receivable within one year | 40/41 | €13,874 | €15,647 | +€1,773 | +12.8% |
| Trade receivables | 40 | €13,874 | €13,138 | -€736 | -5.3% |
| Other amounts receivable | 41 | - | €2,509 | +€2,509 | |
| Cash at bank and in hand | 54/58 | €66,127 | €53,971 | -€12,156 | -18.4% |
| Deferred charges and accrued income | 490/1 | €1,193 | €2,800 | +€1,607 | +134.7% |
| Total equity and liabilities | 10/49 | €168,305 | €147,621 | -€20,685 | -12.3% |
| Equity | 10/15 | €29,491 | €30,496 | +€1,005 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,891 | €11,896 | +€1,005 | +9.2% |
| Distributable reserves | 133 | €10,891 | €11,896 | +€1,005 | +9.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €138,815 | €117,125 | -€21,690 | -15.6% |
| Amounts payable after more than one year | 17 | €115,530 | €98,510 | -€17,020 | -14.7% |
| Financial debts | 170/4 | €115,530 | €98,510 | -€17,020 | -14.7% |
| Amounts payable within one year | 42/48 | €23,284 | €16,215 | -€7,069 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €11,603 | €12,020 | +€417 | +3.6% |
| Trade debts | 44 | €2,268 | €1,188 | -€1,079 | -47.6% |
| Suppliers | 440/4 | €2,268 | €1,188 | -€1,079 | -47.6% |
| Taxes, remuneration and social security | 45 | €2,541 | €1,322 | -€1,219 | -48.0% |
| Taxes | 450/3 | €2,541 | €1,322 | -€1,219 | -48.0% |
| Other amounts payable | 47/48 | €6,872 | €1,684 | -€5,188 | -75.5% |
| Accrued charges and deferred income | 492/3 | - | €2,399 | +€2,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,886 | €14,115 | +€229 | +1.6% |
| Other operating charges | 640/8 | €688 | €1,826 | +€1,138 | +165.3% |
| Gross operating margin | 9900 | €29,301 | €22,070 | -€7,231 | -24.7% |
| Operating profit (loss) | 9901 | €14,728 | €6,130 | -€8,598 | -58.4% |
| Financial income | 75/76B | €1 | €159 | +€158 | +19028.9% |
| Recurring financial income | 75 | €1 | €159 | +€158 | +19028.9% |
| Financial charges | 65/66B | €2,557 | €3,784 | +€1,227 | +48.0% |
| Recurring financial charges | 65 | €2,557 | €3,784 | +€1,227 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €12,171 | €2,505 | -€9,667 | -79.4% |
| Income taxes | 67/77 | €0 | €667 | +€667 | +6665300.0% |
| Profit (loss) for the period | 9904 | €12,171 | €1,838 | -€10,333 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,171 | €1,838 | -€10,333 | -84.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.