AXLAN: 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.
AXLAN
Largest movements
- Tangible fixed assets +€63,916
up €63,916 (+127%), from €50,256 to €114,172
of which Furniture and vehicles: +€66,182
- Current investments -€49,616
down €49,616 (-9.3%), from €533,711 to €484,095
- Cash +€24,757
up €24,757 (+62.8%), from €39,450 to €64,207
mainly Net result for the year (+€145,675) and Current investments (+€49,616)
- Reserves +€37,863
up €37,863 (+6.1%), from €624,999 to €662,862
- Gross operating margin +€24,156
up €24,156 (+13.7%), from €175,736 to €199,892
- Financial income +€16,149
up €16,149 (+124%), from €12,975 to €29,125
- Depreciation +€13,396
up €13,396 (+205%), from €6,533 to €19,929
- Taxes +€4,609
up €4,609 (+8.7%), from €52,942 to €57,551
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 | €667,360 | €700,075 | +€32,715 | +4.9% |
| Fixed assets | 21/28 | €51,756 | €115,672 | +€63,916 | +123% |
| Tangible fixed assets | 22/27 | €50,256 | €114,172 | +€63,916 | +127% |
| Land and buildings | 22 | €33,668 | €33,388 | -€280 | -0.8% |
| Plant, machinery and equipment | 23 | €5,599 | €3,613 | -€1,986 | -35.5% |
| Furniture and vehicles | 24 | €10,989 | €77,171 | +€66,182 | +602% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €615,604 | €584,403 | -€31,201 | -5.1% |
| Amounts receivable within one year | 40/41 | €34,751 | €29,903 | -€4,848 | -14.0% |
| Trade receivables | 40 | €33,902 | €23,316 | -€10,586 | -31.2% |
| Other amounts receivable | 41 | €849 | €6,587 | +€5,738 | +676% |
| Current investments | 50/53 | €533,711 | €484,095 | -€49,616 | -9.3% |
| Cash at bank and in hand | 54/58 | €39,450 | €64,207 | +€24,757 | +62.8% |
| Deferred charges and accrued income | 490/1 | €7,693 | €6,198 | -€1,494 | -19.4% |
| Total equity and liabilities | 10/49 | €667,360 | €700,075 | +€32,715 | +4.9% |
| Equity | 10/15 | €625,009 | €662,872 | +€37,863 | +6.1% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Reserves | 13 | €624,999 | €662,862 | +€37,863 | +6.1% |
| Distributable reserves | 133 | €624,999 | €662,862 | +€37,863 | +6.1% |
| Amounts payable | 17/49 | €42,352 | €37,204 | -€5,148 | -12.2% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,352 | €17,204 | -€5,148 | -23.0% |
| Trade debts | 44 | €1,240 | €987 | -€254 | -20.4% |
| Suppliers | 440/4 | €1,240 | €987 | -€254 | -20.4% |
| Taxes, remuneration and social security | 45 | €21,111 | €16,217 | -€4,895 | -23.2% |
| Taxes | 450/3 | €21,111 | €16,217 | -€4,895 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,533 | €19,929 | +€13,396 | +205% |
| Other operating charges | 640/8 | €2,162 | €2,153 | -€9 | -0.4% |
| Gross operating margin | 9900 | €175,736 | €199,892 | +€24,156 | +13.7% |
| Operating profit (loss) | 9901 | €167,041 | €177,810 | +€10,769 | +6.4% |
| Financial income | 75/76B | €12,975 | €29,125 | +€16,149 | +124% |
| Recurring financial income | 75 | €12,975 | €29,125 | +€16,149 | +124% |
| Financial charges | 65/66B | €2,906 | €3,709 | +€803 | +27.6% |
| Recurring financial charges | 65 | €2,906 | €3,709 | +€803 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €177,110 | €203,226 | +€26,116 | +14.7% |
| Income taxes | 67/77 | €52,942 | €57,551 | +€4,609 | +8.7% |
| Profit (loss) for the period | 9904 | €124,168 | €145,675 | +€21,506 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,168 | €145,675 | +€21,506 | +17.3% |
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 15 October 2026 via checked.be.