AXEPT: what changed
What changed
AXEPT
NACE 27.320, Manufacture of electrical equipment
filed annual accounts (NBB)
Net result for the year
€23,548
2024 · €44,840-€21,293
Equity
€624,744
2024 · €603,818+€20,926
Cash
€92,881
2024 · €97,021-€4,140
Balance sheet total
€1.1m
2024 · €1.1m-€6,932
Largest movements
Assets
- Stocks and contracts +€42,001
up €42,001 (+8.0%), from €527,547 to €569,548
- Tangible fixed assets -€40,852
down €40,852 (-11.6%), from €350,717 to €309,865
Equity and liabilities
- Debts after one year -€53,768
down €53,768 (-19.8%), from €271,073 to €217,305
- Reserves +€23,548
up €23,548 (+4.5%), from €519,643 to €543,191
of which Distributable reserves: +€23,548
- Tax, wage and social debts +€16,053
up €16,053 (+49.9%), from €32,139 to €48,192
of which Taxes: +€13,242
Income statement
- Staff costs +€30,713
up €30,713 (+16.3%), from €188,087 to €218,800
- Taxes -€7,635
down €7,635 (-32.2%), from €23,724 to €16,090
- Financial charges -€5,337
down €5,337 (-15.3%), from €34,944 to €29,606
- Gross operating margin -€3,487
down €3,487 (-1.0%), from €333,399 to €329,912
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€44,840
Gross operating margin
-€3,487
Staff costs
-€30,713
Depreciation
-€212
Other operating charges
+€193
Financial income
-€46
Financial charges
+€5,337
Taxes
+€7,635
Result 2025
€23,548
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€52,719
Investment
-€1,322
Financing
-€55,536
Cash 2024
€97,021
From operations (derived)
+€52,719
Net result for the year
+€23,548
Depreciation
+€42,174
Receivables after one year
+€1,587
Stocks and contracts
-€42,001
Receivables within one year
+€5,186
Deferred charges and accrued income
-€2,831
Trade debts
+€9,003
Tax, wage and social debts
+€16,053
Investment (derived)
-€1,322
Investment in fixed assets (net)
-€1,322
Financing
-€55,536
Debts after one year
-€53,768
Current portion of long-term debt
+€854
Contributions, distributions and other
-€2,622
Cash 2025
€92,881
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,135,120 | €1,128,188 | -€6,932 | -0.6% |
| Fixed assets | 21/28 | €350,866 | €310,014 | -€40,852 | -11.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €350,717 | €309,865 | -€40,852 | -11.6% |
| Land and buildings | 22 | €121,284 | €109,526 | -€11,758 | -9.7% |
| Plant, machinery and equipment | 23 | €75,310 | €64,268 | -€11,043 | -14.7% |
| Furniture and vehicles | 24 | €897 | €530 | -€366 | -40.8% |
| Leasing and similar rights | 25 | €153,227 | €135,541 | -€17,685 | -11.5% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €784,254 | €818,173 | +€33,920 | +4.3% |
| Amounts receivable after more than one year | 29 | €2,195 | €609 | -€1,587 | -72.3% |
| Trade receivables | 290 | €2,195 | €609 | -€1,587 | -72.3% |
| Stocks and contracts in progress | 3 | €527,547 | €569,548 | +€42,001 | +8.0% |
| Stocks | 30/36 | €527,547 | €569,548 | +€42,001 | +8.0% |
| Amounts receivable within one year | 40/41 | €152,559 | €147,373 | -€5,186 | -3.4% |
| Trade receivables | 40 | €146,284 | €147,373 | +€1,090 | +0.7% |
| Other amounts receivable | 41 | €6,276 | €0 | -€6,276 | -100% |
| Cash at bank and in hand | 54/58 | €97,021 | €92,881 | -€4,140 | -4.3% |
| Deferred charges and accrued income | 490/1 | €4,931 | €7,763 | +€2,831 | +57.4% |
| Total equity and liabilities | 10/49 | €1,135,120 | €1,128,188 | -€6,932 | -0.6% |
| Equity | 10/15 | €603,818 | €624,744 | +€20,926 | +3.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €519,643 | €543,191 | +€23,548 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €519,643 | €543,191 | +€23,548 | +4.5% |
| Investment grants | 15 | €24,175 | €21,553 | -€2,622 | -10.8% |
| Amounts payable | 17/49 | €531,302 | €503,444 | -€27,858 | -5.2% |
| Amounts payable after more than one year | 17 | €271,073 | €217,305 | -€53,768 | -19.8% |
| Financial debts | 170/4 | €271,073 | €217,305 | -€53,768 | -19.8% |
| Amounts payable within one year | 42/48 | €260,229 | €286,139 | +€25,910 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €52,020 | €52,874 | +€854 | +1.6% |
| Trade debts | 44 | €176,069 | €185,072 | +€9,003 | +5.1% |
| Suppliers | 440/4 | €176,069 | €185,072 | +€9,003 | +5.1% |
| Taxes, remuneration and social security | 45 | €32,139 | €48,192 | +€16,053 | +49.9% |
| Taxes | 450/3 | €15,465 | €28,707 | +€13,242 | +85.6% |
| Remuneration and social security | 454/9 | €16,674 | €19,486 | +€2,811 | +16.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €188,087 | €218,800 | +€30,713 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,963 | €42,174 | +€212 | +0.5% |
| Other operating charges | 640/8 | €2,517 | €2,324 | -€193 | -7.7% |
| Gross operating margin | 9900 | €333,399 | €329,912 | -€3,487 | -1.0% |
| Operating profit (loss) | 9901 | €100,832 | €66,613 | -€34,219 | -33.9% |
| Financial income | 75/76B | €2,676 | €2,630 | -€46 | -1.7% |
| Recurring financial income | 75 | €2,676 | €2,630 | -€46 | -1.7% |
| Financial charges | 65/66B | €34,944 | €29,606 | -€5,337 | -15.3% |
| Recurring financial charges | 65 | €34,944 | €29,606 | -€5,337 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €68,565 | €39,637 | -€28,927 | -42.2% |
| Income taxes | 67/77 | €23,724 | €16,090 | -€7,635 | -32.2% |
| Profit (loss) for the period | 9904 | €44,840 | €23,548 | -€21,293 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,840 | €23,548 | -€21,293 | -47.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.