AXELYS: 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.
AXELYS
Largest movements
- Cash +€15,084
up €15,084 (+235%), from €6,407 to €21,491
mainly Net result for the year (+€10,010) and Tax, wage and social debts (+€3,741)
- Reserves +€9,177
up €9,177 (+14.3%), from €64,065 to €73,242
- Tax, wage and social debts +€3,741
up €3,741 (+158%), from €2,365 to €6,106
- Gross operating margin -€10,534
down €10,534 (-45.4%), from €23,222 to €12,689
- Taxes -€4,161
down €4,161 (-52.5%), from €7,923 to €3,762
- Financial income -€832
down €832 (-20.6%), from €4,044 to €3,212
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 | €85,981 | €99,446 | +€13,465 | +15.7% |
| Fixed assets | 21/28 | €1,727 | €1,065 | -€663 | -38.4% |
| Tangible fixed assets | 22/27 | €1,727 | €1,065 | -€663 | -38.4% |
| Plant, machinery and equipment | 23 | €1,727 | €1,065 | -€663 | -38.4% |
| Current assets | 29/58 | €84,254 | €98,381 | +€14,127 | +16.8% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,763 | €1,853 | -€910 | -32.9% |
| Trade receivables | 40 | - | €131 | +€131 | |
| Other amounts receivable | 41 | €2,763 | €1,722 | -€1,041 | -37.7% |
| Cash at bank and in hand | 54/58 | €6,407 | €21,491 | +€15,084 | +235% |
| Deferred charges and accrued income | 490/1 | €84 | €37 | -€47 | -56.1% |
| Total equity and liabilities | 10/49 | €85,981 | €99,446 | +€13,465 | +15.7% |
| Equity | 10/15 | €82,665 | €91,842 | +€9,177 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,065 | €73,242 | +€9,177 | +14.3% |
| Distributable reserves | 133 | €64,065 | €73,242 | +€9,177 | +14.3% |
| Amounts payable | 17/49 | €3,316 | €7,604 | +€4,288 | +129% |
| Amounts payable within one year | 42/48 | €3,316 | €7,604 | +€4,288 | +129% |
| Trade debts | 44 | €151 | €110 | -€41 | -26.9% |
| Suppliers | 440/4 | €151 | €110 | -€41 | -26.9% |
| Taxes, remuneration and social security | 45 | €2,365 | €6,106 | +€3,741 | +158% |
| Taxes | 450/3 | €2,365 | €6,106 | +€3,741 | +158% |
| Other amounts payable | 47/48 | €800 | €1,388 | +€588 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663 | €663 | = | 0.0% |
| Other operating charges | 640/8 | €1,523 | €1,409 | -€114 | -7.5% |
| Gross operating margin | 9900 | €23,222 | €12,689 | -€10,534 | -45.4% |
| Operating profit (loss) | 9901 | €21,037 | €10,618 | -€10,419 | -49.5% |
| Financial income | 75/76B | €4,044 | €3,212 | -€832 | -20.6% |
| Recurring financial income | 75 | €4,044 | €3,212 | -€832 | -20.6% |
| Financial charges | 65/66B | €57 | €58 | +€1 | +2.3% |
| Recurring financial charges | 65 | €57 | €58 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €25,025 | €13,772 | -€11,253 | -45.0% |
| Income taxes | 67/77 | €7,923 | €3,762 | -€4,161 | -52.5% |
| Profit (loss) for the period | 9904 | €17,101 | €10,010 | -€7,092 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,101 | €10,010 | -€7,092 | -41.5% |
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.