Axeswar Design: 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.
Axeswar Design
Largest movements
- Stocks and contracts -€4,783
down €4,783 (-7.8%), from €61,122 to €56,339
- Receivables within one year +€2,050
new in 2025: €2,050
- Tax, wage and social debts -€5,126
down €5,126 (-14.4%), from €35,598 to €30,472
of which Taxes: -€5,036
- Reserves +€4,400
up €4,400 (+5.8%), from €76,483 to €80,883
of which Distributable reserves: +€4,400
- Gross operating margin -€10,326
down €10,326 (-19.6%), from €52,600 to €42,274
- Staff costs +€5,131
up €5,131 (+29.4%), from €17,426 to €22,557
- Taxes -€4,751
down €4,751 (-67.9%), from €6,993 to €2,242
- Other operating charges +€4,493
up €4,493 (+347.5%), from €1,293 to €5,786
- Depreciation -€3,880
down €3,880 (-86.9%), from €4,463 to €583
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.
Cash bridge derived
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 | €200,403 | €197,817 | -€2,586 | -1.3% |
| Fixed assets | 21/28 | €1,429 | €646 | -€783 | -54.8% |
| Tangible fixed assets | 22/27 | €1,229 | €646 | -€583 | -47.4% |
| Land and buildings | 22 | €1,029 | €646 | -€383 | -37.2% |
| Furniture and vehicles | 24 | €200 | - | -€200 | |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €198,974 | €197,171 | -€1,803 | -0.9% |
| Stocks and contracts in progress | 3 | €61,122 | €56,339 | -€4,783 | -7.8% |
| Stocks | 30/36 | €61,122 | €56,339 | -€4,783 | -7.8% |
| Amounts receivable within one year | 40/41 | - | €2,050 | +€2,050 | |
| Other amounts receivable | 41 | - | €2,050 | +€2,050 | |
| Cash at bank and in hand | 54/58 | €137,852 | €138,782 | +€930 | +0.7% |
| Total equity and liabilities | 10/49 | €200,403 | €197,817 | -€2,586 | -1.3% |
| Equity | 10/15 | €160,435 | €164,835 | +€4,400 | +2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €76,483 | €80,883 | +€4,400 | +5.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €74,624 | €79,024 | +€4,400 | +5.9% |
| Profit (loss) carried forward | 14 | €65,360 | €65,360 | = | 0.0% |
| Amounts payable | 17/49 | €39,968 | €32,982 | -€6,986 | -17.5% |
| Amounts payable within one year | 42/48 | €39,968 | €32,982 | -€6,986 | -17.5% |
| Trade debts | 44 | €4,213 | €2,510 | -€1,703 | -40.4% |
| Suppliers | 440/4 | €4,213 | €2,510 | -€1,703 | -40.4% |
| Taxes, remuneration and social security | 45 | €35,598 | €30,472 | -€5,126 | -14.4% |
| Taxes | 450/3 | €34,992 | €29,956 | -€5,036 | -14.4% |
| Remuneration and social security | 454/9 | €606 | €516 | -€90 | -14.9% |
| Other amounts payable | 47/48 | €157 | - | -€157 | |
| Remuneration, social security and pensions | 62 | €17,426 | €22,557 | +€5,131 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,463 | €583 | -€3,880 | -86.9% |
| Other operating charges | 640/8 | €1,293 | €5,786 | +€4,493 | +347.5% |
| Gross operating margin | 9900 | €52,600 | €42,274 | -€10,326 | -19.6% |
| Operating profit (loss) | 9901 | €29,418 | €13,348 | -€16,070 | -54.6% |
| Financial income | 75/76B | €906 | €1,383 | +€477 | +52.6% |
| Recurring financial income | 75 | €906 | €1,383 | +€477 | +52.6% |
| Financial charges | 65/66B | €7,071 | €8,089 | +€1,018 | +14.4% |
| Recurring financial charges | 65 | €7,071 | €8,089 | +€1,018 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €23,253 | €6,642 | -€16,611 | -71.4% |
| Income taxes | 67/77 | €6,993 | €2,242 | -€4,751 | -67.9% |
| Profit (loss) for the period | 9904 | €16,260 | €4,400 | -€11,860 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,260 | €4,400 | -€11,860 | -72.9% |
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 9 October 2026 via checked.be.