AXIALE: 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.
AXIALE
Largest movements
- Receivables within one year +€121,531
up €121,531 (+269.1%), from €45,157 to €166,689
of which Other amounts receivable: +€150,252
- Financial fixed assets -€10,384
no longer reported in 2025 (was €10,384)
- Deferred charges and accrued income -€5,967
no longer reported in 2025 (was €5,967)
- Cash -€5,707
down €5,707 (-93.5%), from €6,102 to €395
mainly Receivables within one year (-€121,531) and Contributions, distributions and other (-€24,700)
- Tangible fixed assets +€1,998
up €1,998 (+208.0%), from €961 to €2,959
of which Furniture and vehicles: +€2,566
- Reserves +€100,166
up €100,166 (+663.3%), from €15,101 to €115,267
- Other debts -€11,720
down €11,720 (-43.1%), from €27,213 to €15,493
- Tax, wage and social debts +€9,795
up €9,795 (+63.1%), from €15,512 to €25,307
- Current portion of long-term debt +€2,120
up €2,120 (+56.0%), from €3,788 to €5,908
- Gross operating margin +€116,194
up €116,194 (+260.9%), from €44,538 to €160,732
- Other operating charges +€10,587
up €10,587 (+503.9%), from €2,101 to €12,688
- Taxes +€10,220
up €10,220 (+139.8%), from €7,310 to €17,530
- Financial charges +€2,080
up €2,080 (+72.5%), from €2,868 to €4,948
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 | €68,570 | €170,042 | +€101,472 | +148.0% |
| Fixed assets | 21/28 | €11,345 | €2,959 | -€8,386 | -73.9% |
| Tangible fixed assets | 22/27 | €961 | €2,959 | +€1,998 | +208.0% |
| Furniture and vehicles | 24 | - | €2,566 | +€2,566 | |
| Other tangible fixed assets | 26 | €961 | €392 | -€568 | -59.2% |
| Financial fixed assets | 28 | €10,384 | - | -€10,384 | |
| Current assets | 29/58 | €57,226 | €167,083 | +€109,858 | +192.0% |
| Amounts receivable within one year | 40/41 | €45,157 | €166,689 | +€121,531 | +269.1% |
| Trade receivables | 40 | €44,586 | €15,865 | -€28,721 | -64.4% |
| Other amounts receivable | 41 | €571 | €150,823 | +€150,252 | +26312.1% |
| Cash at bank and in hand | 54/58 | €6,102 | €395 | -€5,707 | -93.5% |
| Deferred charges and accrued income | 490/1 | €5,967 | - | -€5,967 | |
| Total equity and liabilities | 10/49 | €68,570 | €170,042 | +€101,472 | +148.0% |
| Equity | 10/15 | €15,101 | €115,267 | +€100,166 | +663.3% |
| Reserves | 13 | €15,101 | €115,267 | +€100,166 | +663.3% |
| Distributable reserves | 133 | €15,101 | €115,267 | +€100,166 | +663.3% |
| Amounts payable | 17/49 | €53,469 | €54,775 | +€1,306 | +2.4% |
| Amounts payable within one year | 42/48 | €53,469 | €54,322 | +€853 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €3,788 | €5,908 | +€2,120 | +56.0% |
| Trade debts | 44 | €6,956 | €7,614 | +€658 | +9.5% |
| Suppliers | 440/4 | €6,956 | €7,614 | +€658 | +9.5% |
| Taxes, remuneration and social security | 45 | €15,512 | €25,307 | +€9,795 | +63.1% |
| Taxes | 450/3 | €15,512 | €25,307 | +€9,795 | +63.1% |
| Other amounts payable | 47/48 | €27,213 | €15,493 | -€11,720 | -43.1% |
| Accrued charges and deferred income | 492/3 | - | €453 | +€453 | |
| Remuneration, social security and pensions | 62 | €942 | - | -€942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | €704 | +€111 | +18.7% |
| Other operating charges | 640/8 | €2,101 | €12,688 | +€10,587 | +503.9% |
| Gross operating margin | 9900 | €44,538 | €160,732 | +€116,194 | +260.9% |
| Operating profit (loss) | 9901 | €40,902 | €147,340 | +€106,439 | +260.2% |
| Financial income | 75/76B | €100 | €4 | -€96 | -96.0% |
| Recurring financial income | 75 | €100 | €4 | -€96 | -96.0% |
| Financial charges | 65/66B | €2,868 | €4,948 | +€2,080 | +72.5% |
| Recurring financial charges | 65 | €2,868 | €4,948 | +€2,080 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €38,133 | €142,396 | +€104,263 | +273.4% |
| Income taxes | 67/77 | €7,310 | €17,530 | +€10,220 | +139.8% |
| Profit (loss) for the period | 9904 | €30,823 | €124,866 | +€94,043 | +305.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,823 | €124,866 | +€94,043 | +305.1% |
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 10 October 2026 via checked.be.