AXENTELIA: 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.
AXENTELIA
Largest movements
- Cash +€130,339
up €130,339 (+216%), from €60,205 to €190,544
mainly Current investments (+€80,000) and Net result for the year (+€56,106)
- Current investments -€80,000
down €80,000 (-100%), from €80,000 to €0
- Tangible fixed assets -€12,708
down €12,708 (-22.2%), from €57,184 to €44,476
- Reserves +€29,957
up €29,957 (+20.3%), from €147,445 to €177,402
- Other debts +€18,573
up €18,573 (+316%), from €5,882 to €24,455
- Tax, wage and social debts -€15,250
down €15,250 (-42.3%), from €36,034 to €20,784
of which Taxes: -€15,250
- Trade debts +€3,534
up €3,534, from €0 to €3,534
- Depreciation +€6,354
up €6,354 (+100%), from €6,354 to €12,708
- Gross operating margin -€3,019
down €3,019 (-3.2%), from €93,658 to €90,639
- Other operating charges -€1,848
down €1,848 (-61.5%), from €3,006 to €1,159
- Financial income +€1,476
up €1,476 (+214%), from €691 to €2,167
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 | €209,433 | €246,261 | +€36,827 | +17.6% |
| Fixed assets | 21/28 | €57,184 | €44,476 | -€12,708 | -22.2% |
| Tangible fixed assets | 22/27 | €57,184 | €44,476 | -€12,708 | -22.2% |
| Furniture and vehicles | 24 | €57,184 | €44,476 | -€12,708 | -22.2% |
| Current assets | 29/58 | €152,250 | €201,784 | +€49,535 | +32.5% |
| Amounts receivable within one year | 40/41 | €10,164 | €9,317 | -€847 | -8.3% |
| Trade receivables | 40 | €10,164 | €9,317 | -€847 | -8.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €80,000 | €0 | -€80,000 | -100% |
| Cash at bank and in hand | 54/58 | €60,205 | €190,544 | +€130,339 | +216% |
| Deferred charges and accrued income | 490/1 | €1,881 | €1,924 | +€43 | +2.3% |
| Total equity and liabilities | 10/49 | €209,433 | €246,261 | +€36,827 | +17.6% |
| Equity | 10/15 | €167,445 | €197,402 | +€29,957 | +17.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €147,445 | €177,402 | +€29,957 | +20.3% |
| Distributable reserves | 133 | €147,445 | €177,402 | +€29,957 | +20.3% |
| Amounts payable | 17/49 | €41,988 | €48,858 | +€6,870 | +16.4% |
| Amounts payable within one year | 42/48 | €41,915 | €48,773 | +€6,857 | +16.4% |
| Trade debts | 44 | €0 | €3,534 | +€3,534 | |
| Suppliers | 440/4 | €0 | €3,534 | +€3,534 | |
| Taxes, remuneration and social security | 45 | €36,034 | €20,784 | -€15,250 | -42.3% |
| Taxes | 450/3 | €36,034 | €20,784 | -€15,250 | -42.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €5,882 | €24,455 | +€18,573 | +316% |
| Accrued charges and deferred income | 492/3 | €73 | €86 | +€13 | +17.9% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,354 | €12,708 | +€6,354 | +100% |
| Other operating charges | 640/8 | €3,006 | €1,159 | -€1,848 | -61.5% |
| Gross operating margin | 9900 | €93,658 | €90,639 | -€3,019 | -3.2% |
| Operating profit (loss) | 9901 | €84,297 | €76,772 | -€7,525 | -8.9% |
| Financial income | 75/76B | €691 | €2,167 | +€1,476 | +214% |
| Recurring financial income | 75 | €691 | €2,167 | +€1,476 | +214% |
| Financial charges | 65/66B | €134 | €179 | +€45 | +33.9% |
| Recurring financial charges | 65 | €134 | €179 | +€45 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €84,854 | €78,760 | -€6,094 | -7.2% |
| Income taxes | 67/77 | €23,189 | €22,654 | -€535 | -2.3% |
| Profit (loss) for the period | 9904 | €61,665 | €56,106 | -€5,559 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,665 | €56,106 | -€5,559 | -9.0% |
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 18 October 2026 via checked.be.