Axodel: 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.
Axodel
Largest movements
- Receivables within one year +€145,022
up €145,022 (+48.7%), from €297,936 to €442,958
of which Trade receivables: +€145,056
- Cash -€78,864
down €78,864 (-99.6%), from €79,146 to €282
mainly Receivables within one year (-€145,022) and Net result for the year (-€9,151)
- Trade debts +€75,309
up €75,309 (+23.0%), from €327,674 to €402,983
- Profit (loss) carried forward -€9,151
down €9,151 (-14.8%), from -€61,919 to -€71,070
- Gross operating margin -€1.0m
down €1.0m, from €1.0m to -€7,363
- Staff costs -€273,730
down €273,730 (-100.0%), from €273,730 to €0
- Taxes -€11,327
down €11,327 (-100.0%), from €11,327 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,082 | €443,240 | +€66,158 | +17.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €377,082 | €443,240 | +€66,158 | +17.5% |
| Amounts receivable within one year | 40/41 | €297,936 | €442,958 | +€145,022 | +48.7% |
| Trade receivables | 40 | €155,119 | €300,175 | +€145,056 | +93.5% |
| Other amounts receivable | 41 | €142,817 | €142,783 | -€34 | 0.0% |
| Cash at bank and in hand | 54/58 | €79,146 | €282 | -€78,864 | -99.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €377,082 | €443,240 | +€66,158 | +17.5% |
| Equity | 10/15 | €38,081 | €28,930 | -€9,151 | -24.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,919 | -€71,070 | -€9,151 | -14.8% |
| Amounts payable | 17/49 | €339,001 | €414,310 | +€75,309 | +22.2% |
| Amounts payable within one year | 42/48 | €339,001 | €414,310 | +€75,309 | +22.2% |
| Trade debts | 44 | €327,674 | €402,983 | +€75,309 | +23.0% |
| Suppliers | 440/4 | €327,674 | €402,983 | +€75,309 | +23.0% |
| Taxes, remuneration and social security | 45 | €11,327 | €11,327 | +€0 | 0.0% |
| Taxes | 450/3 | €11,327 | €11,327 | +€0 | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €150,613 | €0 | -€150,613 | -100.0% |
| Remuneration, social security and pensions | 62 | €273,730 | €0 | -€273,730 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €798 | €1,077 | +€279 | +35.0% |
| Non-recurring operating charges | 66A | €385,780 | €0 | -€385,780 | -100.0% |
| Gross operating margin | 9900 | €1,035,004 | -€7,363 | -€1.0m | |
| Operating profit (loss) | 9901 | €374,695 | -€8,441 | -€383,136 | |
| Financial income | 75/76B | €627 | €45 | -€582 | -92.8% |
| Recurring financial income | 75 | €627 | €45 | -€582 | -92.8% |
| Financial charges | 65/66B | €2,399 | €755 | -€1,644 | -68.5% |
| Recurring financial charges | 65 | €2,399 | €755 | -€1,644 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €372,922 | -€9,151 | -€382,073 | |
| Income taxes | 67/77 | €11,327 | €0 | -€11,327 | -100.0% |
| Profit (loss) for the period | 9904 | €361,596 | -€9,151 | -€370,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €361,596 | -€9,151 | -€370,747 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.