AXLR8: 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.
AXLR8
Largest movements
- Receivables within one year -€15,705
down €15,705 (-70.0%), from €22,433 to €6,729
of which Other amounts receivable: -€10,393
- Receivables after one year -€12,689
down €12,689 (-15.3%), from €83,095 to €70,406
- Tangible fixed assets -€10,727
down €10,727 (-73.1%), from €14,674 to €3,948
- Profit (loss) carried forward -€14,829
down €14,829 (-41.1%), from -€36,047 to -€50,875
- Tax, wage and social debts -€10,494
down €10,494 (-98.6%), from €10,638 to €144
- Other debts -€5,981
down €5,981 (-18.3%), from €32,623 to €26,642
- Trade debts -€4,085
down €4,085 (-75.5%), from €5,409 to €1,323
- Current portion of long-term debt -€2,814
no longer reported in 2025 (was €2,814)
- Gross operating margin +€12,338
up €12,338 (+65.7%), from -€18,772 to -€6,435
- Financial income +€5,106
up €5,106 (+4,398%), from €116 to €5,222
- Depreciation -€3,021
down €3,021 (-22.0%), from €13,748 to €10,727
- Financial charges -€941
down €941 (-30.9%), from €3,047 to €2,106
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 | €207,350 | €169,323 | -€38,027 | -18.3% |
| Fixed assets | 21/28 | €20,674 | €9,948 | -€10,727 | -51.9% |
| Tangible fixed assets | 22/27 | €14,674 | €3,948 | -€10,727 | -73.1% |
| Furniture and vehicles | 24 | €14,674 | €3,948 | -€10,727 | -73.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €186,676 | €159,375 | -€27,301 | -14.6% |
| Amounts receivable after more than one year | 29 | €83,095 | €70,406 | -€12,689 | -15.3% |
| Other amounts receivable | 291 | €83,095 | €70,406 | -€12,689 | -15.3% |
| Amounts receivable within one year | 40/41 | €22,433 | €6,729 | -€15,705 | -70.0% |
| Trade receivables | 40 | €5,312 | - | -€5,312 | |
| Other amounts receivable | 41 | €17,121 | €6,729 | -€10,393 | -60.7% |
| Cash at bank and in hand | 54/58 | €80,680 | €81,753 | +€1,073 | +1.3% |
| Deferred charges and accrued income | 490/1 | €467 | €488 | +€21 | +4.4% |
| Total equity and liabilities | 10/49 | €207,350 | €169,323 | -€38,027 | -18.3% |
| Equity | 10/15 | €152,754 | €137,926 | -€14,829 | -9.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €178,801 | €178,801 | = | 0.0% |
| Distributable reserves | 133 | €178,801 | €178,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,047 | -€50,875 | -€14,829 | -41.1% |
| Amounts payable | 17/49 | €54,596 | €31,397 | -€23,199 | -42.5% |
| Amounts payable within one year | 42/48 | €51,484 | €28,110 | -€23,374 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €2,814 | - | -€2,814 | |
| Trade debts | 44 | €5,409 | €1,323 | -€4,085 | -75.5% |
| Suppliers | 440/4 | €5,409 | €1,323 | -€4,085 | -75.5% |
| Taxes, remuneration and social security | 45 | €10,638 | €144 | -€10,494 | -98.6% |
| Taxes | 450/3 | €10,638 | €144 | -€10,494 | -98.6% |
| Other amounts payable | 47/48 | €32,623 | €26,642 | -€5,981 | -18.3% |
| Accrued charges and deferred income | 492/3 | €3,112 | €3,288 | +€175 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,748 | €10,727 | -€3,021 | -22.0% |
| Other operating charges | 640/8 | €528 | €610 | +€82 | +15.5% |
| Gross operating margin | 9900 | -€18,772 | -€6,435 | +€12,338 | +65.7% |
| Operating profit (loss) | 9901 | -€33,048 | -€17,771 | +€15,277 | +46.2% |
| Financial income | 75/76B | €116 | €5,222 | +€5,106 | +4,398% |
| Recurring financial income | 75 | €116 | €5,222 | +€5,106 | +4,398% |
| Financial charges | 65/66B | €3,047 | €2,106 | -€941 | -30.9% |
| Recurring financial charges | 65 | €3,047 | €2,106 | -€941 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,979 | -€14,655 | +€21,324 | +59.3% |
| Income taxes | 67/77 | €68 | €174 | +€106 | +156% |
| Profit (loss) for the period | 9904 | -€36,047 | -€14,829 | +€21,218 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,047 | -€14,829 | +€21,218 | +58.9% |
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.