AXL ISOLATION: 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 ISOLATION
Largest movements
- Tangible fixed assets +€39,368
up €39,368 (+118.4%), from €33,249 to €72,617
of which Furniture and vehicles: +€42,368
- Cash -€18,189
down €18,189 (-26.0%), from €69,864 to €51,675
mainly Investment in fixed assets (net) (-€49,550) and Other debts (-€41,367)
- Receivables within one year +€5,975
up €5,975 (+7.7%), from €78,081 to €84,057
of which Trade receivables: +€3,251
- Other debts -€41,367
down €41,367 (-79.2%), from €52,231 to €10,864
- Reserves +€35,000
up €35,000 (+87.5%), from €40,000 to €75,000
- Tax, wage and social debts +€12,466
up €12,466 (+67.0%), from €18,610 to €31,076
of which Taxes: +€8,166
- Debts after one year +€11,089
up €11,089 (+59.3%), from €18,707 to €29,796
- Profit (loss) carried forward +€9,435
up €9,435 (+27.1%), from €34,876 to €44,311
- Staff costs +€10,501
up €10,501 (+49.5%), from €21,212 to €31,713
- Gross operating margin +€10,056
up €10,056 (+8.6%), from €117,518 to €127,575
- Taxes +€8,378
up €8,378 (+46.8%), from €17,893 to €26,271
- Depreciation -€4,222
down €4,222 (-29.3%), from €14,404 to €10,182
- Other operating charges +€2,632
up €2,632 (+511.9%), from €514 to €3,146
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,744 | €208,891 | +€27,147 | +14.9% |
| Fixed assets | 21/28 | €33,249 | €72,617 | +€39,368 | +118.4% |
| Tangible fixed assets | 22/27 | €33,249 | €72,617 | +€39,368 | +118.4% |
| Land and buildings | 22 | €26,803 | €23,803 | -€3,000 | -11.2% |
| Furniture and vehicles | 24 | €6,446 | €48,814 | +€42,368 | +657.3% |
| Current assets | 29/58 | €148,495 | €136,274 | -€12,222 | -8.2% |
| Amounts receivable within one year | 40/41 | €78,081 | €84,057 | +€5,975 | +7.7% |
| Trade receivables | 40 | €76,160 | €79,411 | +€3,251 | +4.3% |
| Other amounts receivable | 41 | €1,922 | €4,646 | +€2,724 | +141.8% |
| Cash at bank and in hand | 54/58 | €69,864 | €51,675 | -€18,189 | -26.0% |
| Deferred charges and accrued income | 490/1 | €550 | €542 | -€8 | -1.5% |
| Total equity and liabilities | 10/49 | €181,744 | €208,891 | +€27,147 | +14.9% |
| Equity | 10/15 | €79,876 | €124,311 | +€44,435 | +55.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €75,000 | +€35,000 | +87.5% |
| Distributable reserves | 133 | €40,000 | €75,000 | +€35,000 | +87.5% |
| Profit (loss) carried forward | 14 | €34,876 | €44,311 | +€9,435 | +27.1% |
| Amounts payable | 17/49 | €101,869 | €84,580 | -€17,288 | -17.0% |
| Amounts payable after more than one year | 17 | €18,707 | €29,796 | +€11,089 | +59.3% |
| Financial debts | 170/4 | €18,707 | €29,796 | +€11,089 | +59.3% |
| Amounts payable within one year | 42/48 | €83,162 | €54,785 | -€28,377 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €8,882 | €11,608 | +€2,726 | +30.7% |
| Trade debts | 44 | €3,438 | €1,237 | -€2,201 | -64.0% |
| Suppliers | 440/4 | €3,438 | €1,237 | -€2,201 | -64.0% |
| Taxes, remuneration and social security | 45 | €18,610 | €31,076 | +€12,466 | +67.0% |
| Taxes | 450/3 | €7,794 | €15,960 | +€8,166 | +104.8% |
| Remuneration and social security | 454/9 | €10,817 | €15,117 | +€4,300 | +39.8% |
| Other amounts payable | 47/48 | €52,231 | €10,864 | -€41,367 | -79.2% |
| Remuneration, social security and pensions | 62 | €21,212 | €31,713 | +€10,501 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,404 | €10,182 | -€4,222 | -29.3% |
| Other operating charges | 640/8 | €514 | €3,146 | +€2,632 | +511.9% |
| Gross operating margin | 9900 | €117,518 | €127,575 | +€10,056 | +8.6% |
| Operating profit (loss) | 9901 | €81,389 | €82,534 | +€1,145 | +1.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €1,509 | €1,828 | +€319 | +21.1% |
| Recurring financial charges | 65 | €1,509 | €1,828 | +€319 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €79,880 | €80,706 | +€826 | +1.0% |
| Income taxes | 67/77 | €17,893 | €26,271 | +€8,378 | +46.8% |
| Profit (loss) for the period | 9904 | €61,987 | €54,435 | -€7,552 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,987 | €54,435 | -€7,552 | -12.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.