AXIALES: 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.
AXIALES
Largest movements
- Current investments +€24,624
up €24,624 (+10.1%), from €244,830 to €269,454
- Tangible fixed assets -€5,950
down €5,950 (-30.1%), from €19,756 to €13,806
of which Furniture and vehicles: -€4,757
- Cash +€5,581
up €5,581 (+26.4%), from €21,172 to €26,753
mainly Net result for the year (+€16,578) and Depreciation (+€9,246)
- Reserves +€16,500
up €16,500 (+11.1%), from €149,200 to €165,700
- Other debts +€8,807
up €8,807 (+16.9%), from €51,960 to €60,767
- Gross operating margin -€22,420
down €22,420 (-55.7%), from €40,232 to €17,812
- Taxes -€5,679
down €5,679 (-46.1%), from €12,326 to €6,647
- Financial income +€4,699
up €4,699 (+43.0%), from €10,919 to €15,618
- Financial charges -€4,102
down €4,102 (-98.2%), from €4,178 to €76
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 | €290,158 | €315,145 | +€24,987 | +8.6% |
| Fixed assets | 21/28 | €19,756 | €13,806 | -€5,950 | -30.1% |
| Tangible fixed assets | 22/27 | €19,756 | €13,806 | -€5,950 | -30.1% |
| Plant, machinery and equipment | 23 | €3,906 | €2,713 | -€1,193 | -30.5% |
| Furniture and vehicles | 24 | €15,850 | €11,093 | -€4,757 | -30.0% |
| Current assets | 29/58 | €270,402 | €301,340 | +€30,938 | +11.4% |
| Amounts receivable within one year | 40/41 | €4,256 | €5,003 | +€747 | +17.6% |
| Other amounts receivable | 41 | €4,256 | €5,003 | +€747 | +17.6% |
| Current investments | 50/53 | €244,830 | €269,454 | +€24,624 | +10.1% |
| Cash at bank and in hand | 54/58 | €21,172 | €26,753 | +€5,581 | +26.4% |
| Deferred charges and accrued income | 490/1 | €144 | €130 | -€14 | -10.1% |
| Total equity and liabilities | 10/49 | €290,158 | €315,145 | +€24,987 | +8.6% |
| Equity | 10/15 | €227,774 | €244,352 | +€16,578 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €149,200 | €165,700 | +€16,500 | +11.1% |
| Distributable reserves | 133 | €149,200 | €165,700 | +€16,500 | +11.1% |
| Profit (loss) carried forward | 14 | €66,174 | €66,252 | +€78 | +0.1% |
| Amounts payable | 17/49 | €62,384 | €70,793 | +€8,409 | +13.5% |
| Amounts payable within one year | 42/48 | €62,384 | €70,793 | +€8,409 | +13.5% |
| Trade debts | 44 | €803 | €1,251 | +€448 | +55.8% |
| Suppliers | 440/4 | €803 | €1,251 | +€448 | +55.8% |
| Taxes, remuneration and social security | 45 | €9,621 | €8,774 | -€847 | -8.8% |
| Taxes | 450/3 | €9,621 | €7,052 | -€2,569 | -26.7% |
| Remuneration and social security | 454/9 | - | €1,722 | +€1,722 | |
| Other amounts payable | 47/48 | €51,960 | €60,767 | +€8,807 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,920 | €9,246 | +€326 | +3.7% |
| Other operating charges | 640/8 | €763 | €882 | +€119 | +15.7% |
| Gross operating margin | 9900 | €40,232 | €17,812 | -€22,420 | -55.7% |
| Operating profit (loss) | 9901 | €30,549 | €7,683 | -€22,866 | -74.8% |
| Financial income | 75/76B | €10,919 | €15,618 | +€4,699 | +43.0% |
| Recurring financial income | 75 | €10,919 | €15,618 | +€4,699 | +43.0% |
| Financial charges | 65/66B | €4,178 | €76 | -€4,102 | -98.2% |
| Recurring financial charges | 65 | €4,178 | €76 | -€4,102 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €37,290 | €23,225 | -€14,065 | -37.7% |
| Income taxes | 67/77 | €12,326 | €6,647 | -€5,679 | -46.1% |
| Profit (loss) for the period | 9904 | €24,964 | €16,578 | -€8,386 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,964 | €16,578 | -€8,386 | -33.6% |
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 27 October 2026 via checked.be.