axelvnk: 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.
axelvnk
Largest movements
- Cash -€44,935
down €44,935 (-97.2%), from €46,233 to €1,298
mainly Receivables within one year (-€38,989) and Contributions, distributions and other (-€30,863)
- Receivables within one year +€38,989
up €38,989 (+340%), from €11,454 to €50,443
of which Other amounts receivable: +€23,312
- Tangible fixed assets -€967
down €967 (-53.8%), from €1,796 to €829
- Other debts -€3,566
down €3,566 (-10.4%), from €34,429 to €30,863
- Tax, wage and social debts -€3,060
down €3,060 (-13.3%), from €22,992 to €19,932
of which Taxes: -€4,820
- Financial charges +€958
up €958 (+104%), from €925 to €1,883
- Gross operating margin -€887
down €887 (-1.8%), from €49,327 to €48,440
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 | €59,482 | €52,570 | -€6,912 | -11.6% |
| Fixed assets | 21/28 | €1,796 | €829 | -€967 | -53.8% |
| Tangible fixed assets | 22/27 | €1,796 | €829 | -€967 | -53.8% |
| Plant, machinery and equipment | 23 | €1,796 | €829 | -€967 | -53.8% |
| Current assets | 29/58 | €57,687 | €51,741 | -€5,946 | -10.3% |
| Amounts receivable within one year | 40/41 | €11,454 | €50,443 | +€38,989 | +340% |
| Trade receivables | 40 | €11,435 | €27,112 | +€15,677 | +137% |
| Other amounts receivable | 41 | €20 | €23,332 | +€23,312 | +119,550% |
| Cash at bank and in hand | 54/58 | €46,233 | €1,298 | -€44,935 | -97.2% |
| Total equity and liabilities | 10/49 | €59,482 | €52,570 | -€6,912 | -11.6% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €58,482 | €51,570 | -€6,912 | -11.8% |
| Amounts payable within one year | 42/48 | €58,482 | €51,570 | -€6,912 | -11.8% |
| Trade debts | 44 | €1,061 | €775 | -€286 | -26.9% |
| Suppliers | 440/4 | €1,061 | €775 | -€286 | -26.9% |
| Taxes, remuneration and social security | 45 | €22,992 | €19,932 | -€3,060 | -13.3% |
| Taxes | 450/3 | €22,624 | €17,804 | -€4,820 | -21.3% |
| Remuneration and social security | 454/9 | €368 | €2,128 | +€1,760 | +478% |
| Other amounts payable | 47/48 | €34,429 | €30,863 | -€3,566 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €967 | €967 | = | 0.0% |
| Other operating charges | 640/8 | €823 | €1,062 | +€240 | +29.1% |
| Gross operating margin | 9900 | €49,327 | €48,440 | -€887 | -1.8% |
| Operating profit (loss) | 9901 | €47,538 | €46,411 | -€1,127 | -2.4% |
| Financial charges | 65/66B | €925 | €1,883 | +€958 | +104% |
| Recurring financial charges | 65 | €925 | €1,883 | +€958 | +104% |
| Profit (loss) for the period before taxes | 9903 | €46,613 | €44,528 | -€2,085 | -4.5% |
| Income taxes | 67/77 | €13,975 | €13,665 | -€310 | -2.2% |
| Profit (loss) for the period | 9904 | €32,638 | €30,863 | -€1,775 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,638 | €30,863 | -€1,775 | -5.4% |
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 22 October 2026 via checked.be.