AXETECS: what changed
Two fiscal 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.
AXETECS
Largest movements
- Cash +€7,778
up €7,778 (+9.2%), from €84,820 to €92,599
mainly Net result for the year (+€52,394) and Depreciation (+€2,997)
- Receivables within one year +€2,751
up €2,751 (+9.3%), from €29,583 to €32,333
of which Other amounts receivable: +€7,146
- Intangible fixed assets +€2,255
new in 2025: €2,255
- Deferred charges and accrued income -€1,956
down €1,956 (-74.6%), from €2,623 to €667
- Profit (loss) carried forward +€51,561
up €51,561 (+161.0%), from €32,032 to €83,593
- Tax, wage and social debts -€43,599
no longer reported in 2025 (was €43,599)
of which Taxes: -€28,599
- Gross operating margin +€30,527
up €30,527 (+71.2%), from €42,863 to €73,391
- Taxes +€3,437
up €3,437 (+29.0%), from €11,858 to €15,295
- Depreciation +€1,066
up €1,066 (+55.2%), from €1,931 to €2,997
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 | €123,806 | €133,395 | +€9,589 | +7.7% |
| Fixed assets | 21/28 | €6,780 | €7,796 | +€1,016 | +15.0% |
| Intangible fixed assets | 21 | - | €2,255 | +€2,255 | |
| Tangible fixed assets | 22/27 | €6,689 | €5,450 | -€1,239 | -18.5% |
| Plant, machinery and equipment | 23 | €376 | €264 | -€113 | -29.9% |
| Furniture and vehicles | 24 | €6,061 | €4,999 | -€1,062 | -17.5% |
| Leasing and similar rights | 25 | €251 | €188 | -€63 | -25.3% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €117,026 | €125,599 | +€8,573 | +7.3% |
| Amounts receivable within one year | 40/41 | €29,583 | €32,333 | +€2,751 | +9.3% |
| Trade receivables | 40 | €29,537 | €25,141 | -€4,396 | -14.9% |
| Other amounts receivable | 41 | €46 | €7,192 | +€7,146 | +15672.0% |
| Cash at bank and in hand | 54/58 | €84,820 | €92,599 | +€7,778 | +9.2% |
| Deferred charges and accrued income | 490/1 | €2,623 | €667 | -€1,956 | -74.6% |
| Total equity and liabilities | 10/49 | €123,806 | €133,395 | +€9,589 | +7.7% |
| Equity | 10/15 | €72,532 | €124,093 | +€51,561 | +71.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,500 | €35,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,500 | €35,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,500 | €35,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,032 | €83,593 | +€51,561 | +161.0% |
| Amounts payable | 17/49 | €51,274 | €9,303 | -€41,971 | -81.9% |
| Amounts payable within one year | 42/48 | €51,151 | €8,834 | -€42,317 | -82.7% |
| Trade debts | 44 | €100 | €675 | +€576 | +576.1% |
| Suppliers | 440/4 | €100 | €675 | +€576 | +576.1% |
| Taxes, remuneration and social security | 45 | €43,599 | - | -€43,599 | |
| Taxes | 450/3 | €28,599 | - | -€28,599 | |
| Remuneration and social security | 454/9 | €15,000 | - | -€15,000 | |
| Other amounts payable | 47/48 | €7,452 | €8,158 | +€707 | +9.5% |
| Accrued charges and deferred income | 492/3 | €123 | €469 | +€345 | +280.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,931 | €2,997 | +€1,066 | +55.2% |
| Other operating charges | 640/8 | €82 | - | -€82 | |
| Gross operating margin | 9900 | €42,863 | €73,391 | +€30,527 | +71.2% |
| Operating profit (loss) | 9901 | €40,851 | €70,394 | +€29,543 | +72.3% |
| Financial income | 75/76B | €6 | €3 | -€3 | -45.3% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -45.3% |
| Financial charges | 65/66B | €2,314 | €2,708 | +€394 | +17.0% |
| Recurring financial charges | 65 | €2,314 | €2,708 | +€394 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €38,543 | €67,689 | +€29,146 | +75.6% |
| Income taxes | 67/77 | €11,858 | €15,295 | +€3,437 | +29.0% |
| Profit (loss) for the period | 9904 | €26,685 | €52,394 | +€25,709 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,685 | €52,394 | +€25,709 | +96.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.