AXIVEL: 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.
AXIVEL
Largest movements
- Tangible fixed assets +€49,472
up €49,472 (+1,370%), from €3,611 to €53,084
of which Furniture and vehicles: +€43,060
- Cash -€7,946
down €7,946 (-99.9%), from €7,956 to €10
mainly Investment in fixed assets (net) (-€59,825) and Net result for the year (-€8,238)
- Receivables within one year -€2,779
down €2,779 (-18.0%), from €15,447 to €12,668
of which Other amounts receivable: -€14,881
- Deferred charges and accrued income -€2,394
down €2,394 (-74.0%), from €3,233 to €839
- Debts after one year +€32,668
new in 2025: €32,668
- Profit (loss) carried forward -€8,238
down €8,238 (-76.1%), from €10,821 to €2,583
- Tax, wage and social debts +€7,278
up €7,278 (+190%), from €3,822 to €11,100
- Current portion of long-term debt +€6,284
new in 2025: €6,284
- Other debts -€3,809
down €3,809 (-47.6%), from €8,000 to €4,191
- Gross operating margin -€15,008
down €15,008 (-56.2%), from €26,688 to €11,679
- Depreciation +€7,962
up €7,962 (+333%), from €2,391 to €10,353
- Other operating charges +€4,503
up €4,503 (+781%), from €577 to €5,080
- Taxes -€3,282
down €3,282 (-85.9%), from €3,822 to €540
- Financial charges +€1,872
up €1,872 (+480%), from €390 to €2,261
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 | €30,332 | €66,685 | +€36,353 | +120% |
| Fixed assets | 21/28 | €3,696 | €53,168 | +€49,472 | +1,339% |
| Tangible fixed assets | 22/27 | €3,611 | €53,084 | +€49,472 | +1,370% |
| Plant, machinery and equipment | 23 | €686 | €7,098 | +€6,412 | +935% |
| Furniture and vehicles | 24 | €2,926 | €45,986 | +€43,060 | +1,472% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €26,636 | €13,517 | -€13,119 | -49.3% |
| Amounts receivable within one year | 40/41 | €15,447 | €12,668 | -€2,779 | -18.0% |
| Trade receivables | 40 | €566 | €12,668 | +€12,102 | +2,138% |
| Other amounts receivable | 41 | €14,881 | - | -€14,881 | |
| Cash at bank and in hand | 54/58 | €7,956 | €10 | -€7,946 | -99.9% |
| Deferred charges and accrued income | 490/1 | €3,233 | €839 | -€2,394 | -74.0% |
| Total equity and liabilities | 10/49 | €30,332 | €66,685 | +€36,353 | +120% |
| Equity | 10/15 | €17,021 | €8,783 | -€8,238 | -48.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,821 | €2,583 | -€8,238 | -76.1% |
| Amounts payable | 17/49 | €13,311 | €57,902 | +€44,591 | +335% |
| Amounts payable after more than one year | 17 | - | €32,668 | +€32,668 | |
| Financial debts | 170/4 | - | €32,668 | +€32,668 | |
| Amounts payable within one year | 42/48 | €12,092 | €24,525 | +€12,433 | +103% |
| Current portion of amounts payable after more than one year | 42 | - | €6,284 | +€6,284 | |
| Trade debts | 44 | €270 | €2,950 | +€2,680 | +992% |
| Suppliers | 440/4 | €270 | €2,950 | +€2,680 | +992% |
| Taxes, remuneration and social security | 45 | €3,822 | €11,100 | +€7,278 | +190% |
| Taxes | 450/3 | €3,822 | €11,100 | +€7,278 | +190% |
| Other amounts payable | 47/48 | €8,000 | €4,191 | -€3,809 | -47.6% |
| Accrued charges and deferred income | 492/3 | €1,219 | €709 | -€510 | -41.8% |
| Remuneration, social security and pensions | 62 | €1,159 | €1,693 | +€534 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,391 | €10,353 | +€7,962 | +333% |
| Other operating charges | 640/8 | €577 | €5,080 | +€4,503 | +781% |
| Gross operating margin | 9900 | €26,688 | €11,679 | -€15,008 | -56.2% |
| Operating profit (loss) | 9901 | €22,560 | -€5,447 | -€28,007 | |
| Financial income | 75/76B | €82 | €11 | -€72 | -87.0% |
| Recurring financial income | 75 | €82 | €11 | -€72 | -87.0% |
| Financial charges | 65/66B | €390 | €2,261 | +€1,872 | +480% |
| Recurring financial charges | 65 | €390 | €2,261 | +€1,872 | +480% |
| Profit (loss) for the period before taxes | 9903 | €22,253 | -€7,698 | -€29,951 | |
| Income taxes | 67/77 | €3,822 | €540 | -€3,282 | -85.9% |
| Profit (loss) for the period | 9904 | €18,431 | -€8,238 | -€26,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,431 | -€8,238 | -€26,669 |
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 16 October 2026 via checked.be.