AXL: 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.
AXL
Largest movements
- Cash -€5,384
down €5,384 (-72.3%), from €7,448 to €2,064
mainly Current portion of long-term debt (-€2,580) and Net result for the year (-€2,135)
- Tangible fixed assets -€800
down €800 (-50.3%), from €1,589 to €789
- Receivables within one year +€234
up €234 (+181.8%), from €129 to €363
of which Other amounts receivable: +€234
- Stocks and contracts -€215
down €215 (-14.8%), from €1,457 to €1,242
- Deferred charges and accrued income -€212
down €212 (-100.0%), from €212 to €0
- Current portion of long-term debt -€2,580
down €2,580 (-65.8%), from €3,921 to €1,341
- Profit (loss) carried forward -€2,135
down €2,135 (-15.6%), from -€13,714 to -€15,849
- Debts after one year -€1,341
down €1,341 (-100.0%), from €1,341 to €0
- Trade debts -€615
down €615 (-55.5%), from €1,110 to €494
- Tax, wage and social debts +€295
up €295 (+10.9%), from €2,700 to €2,995
of which Taxes: +€295
- Turnover -€6,260
down €6,260 (-4.3%), from €143,973 to €137,713
- Gross operating margin -€4,662
down €4,662 (-76.6%), from €6,083 to €1,421
- Purchases and services -€1,850
down €1,850 (-1.3%), from €138,141 to €136,291
- Other operating charges -€1,463
down €1,463 (-48.8%), from €2,996 to €1,532
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 | €15,384 | €9,007 | -€6,377 | -41.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,138 | €5,338 | -€800 | -13.0% |
| Tangible fixed assets | 22/27 | €1,589 | €789 | -€800 | -50.3% |
| Plant, machinery and equipment | 23 | €1,589 | €789 | -€800 | -50.3% |
| Financial fixed assets | 28 | €4,550 | €4,550 | = | 0.0% |
| Current assets | 29/58 | €9,246 | €3,669 | -€5,577 | -60.3% |
| Stocks and contracts in progress | 3 | €1,457 | €1,242 | -€215 | -14.8% |
| Stocks | 30/36 | €1,457 | €1,242 | -€215 | -14.8% |
| Amounts receivable within one year | 40/41 | €129 | €363 | +€234 | +181.8% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €129 | €363 | +€234 | +181.8% |
| Cash at bank and in hand | 54/58 | €7,448 | €2,064 | -€5,384 | -72.3% |
| Deferred charges and accrued income | 490/1 | €212 | €0 | -€212 | -100.0% |
| Total equity and liabilities | 10/49 | €15,384 | €9,007 | -€6,377 | -41.5% |
| Equity | 10/15 | €4,886 | €2,751 | -€2,135 | -43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,714 | -€15,849 | -€2,135 | -15.6% |
| Amounts payable | 17/49 | €10,498 | €6,257 | -€4,241 | -40.4% |
| Amounts payable after more than one year | 17 | €1,341 | €0 | -€1,341 | -100.0% |
| Financial debts | 170/4 | €1,341 | €0 | -€1,341 | -100.0% |
| Amounts payable within one year | 42/48 | €9,157 | €6,257 | -€2,900 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €3,921 | €1,341 | -€2,580 | -65.8% |
| Trade debts | 44 | €1,110 | €494 | -€615 | -55.5% |
| Suppliers | 440/4 | €1,110 | €494 | -€615 | -55.5% |
| Taxes, remuneration and social security | 45 | €2,700 | €2,995 | +€295 | +10.9% |
| Taxes | 450/3 | €0 | €295 | +€295 | |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €1,426 | €1,426 | = | 0.0% |
| Turnover | 70 | €143,973 | €137,713 | -€6,260 | -4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,141 | €136,291 | -€1,850 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €800 | -€165 | -17.1% |
| Other operating charges | 640/8 | €2,996 | €1,532 | -€1,463 | -48.8% |
| Gross operating margin | 9900 | €6,083 | €1,421 | -€4,662 | -76.6% |
| Operating profit (loss) | 9901 | €2,123 | -€911 | -€3,034 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -93.4% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -93.4% |
| Financial charges | 65/66B | €1,484 | €1,225 | -€259 | -17.4% |
| Recurring financial charges | 65 | €1,484 | €1,225 | -€259 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €645 | -€2,135 | -€2,781 | |
| Profit (loss) for the period | 9904 | €645 | -€2,135 | -€2,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €645 | -€2,135 | -€2,781 |
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 28 September 2026 via checked.be.