AXOLUTION: 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.
AXOLUTION
Largest movements
- Cash -€36,267
down €36,267 (-62.0%), from €58,531 to €22,264
mainly Contributions, distributions and other (-€20,000) and Net result for the year (-€7,772)
- Receivables within one year +€3,579
up €3,579 (+26.0%), from €13,759 to €17,339
of which Trade receivables: +€4,941
- Tangible fixed assets +€3,081
up €3,081 (+97.3%), from €3,165 to €6,246
of which Furniture and vehicles: +€4,092
- Reserves -€38,625
down €38,625 (-56.3%), from €68,625 to €30,000
of which Distributable reserves: -€36,765
- Profit (loss) carried forward +€10,852
up €10,852 (+38.9%), from -€27,912 to -€17,060
- Tax, wage and social debts +€3,209
up €3,209 (+606%), from €530 to €3,738
- Trade debts -€2,350
down €2,350 (-38.1%), from €6,174 to €3,823
- Accrued charges and deferred income -€2,080
no longer reported in 2025 (was €2,080)
- Gross operating margin +€4,608
up €4,608 (+50.4%), from -€9,152 to -€4,544
- Depreciation +€789
up €789 (+41.9%), from €1,882 to €2,671
- Other operating charges -€259
down €259 (-66.1%), from €392 to €133
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 | €75,456 | €46,165 | -€29,291 | -38.8% |
| Fixed assets | 21/28 | €3,165 | €6,246 | +€3,081 | +97.3% |
| Tangible fixed assets | 22/27 | €3,165 | €6,246 | +€3,081 | +97.3% |
| Land and buildings | 22 | €2,022 | €1,011 | -€1,011 | -50.0% |
| Furniture and vehicles | 24 | €1,143 | €5,235 | +€4,092 | +358% |
| Current assets | 29/58 | €72,290 | €39,918 | -€32,372 | -44.8% |
| Amounts receivable within one year | 40/41 | €13,759 | €17,339 | +€3,579 | +26.0% |
| Trade receivables | 40 | €12,339 | €17,280 | +€4,941 | +40.0% |
| Other amounts receivable | 41 | €1,420 | €59 | -€1,361 | -95.9% |
| Cash at bank and in hand | 54/58 | €58,531 | €22,264 | -€36,267 | -62.0% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €75,456 | €46,165 | -€29,291 | -38.8% |
| Equity | 10/15 | €59,312 | €31,540 | -€27,772 | -46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,625 | €30,000 | -€38,625 | -56.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €66,765 | €30,000 | -€36,765 | -55.1% |
| Profit (loss) carried forward | 14 | -€27,912 | -€17,060 | +€10,852 | +38.9% |
| Amounts payable | 17/49 | €16,143 | €14,625 | -€1,519 | -9.4% |
| Amounts payable within one year | 42/48 | €14,063 | €14,625 | +€561 | +4.0% |
| Financial debts | 43 | €358 | €206 | -€152 | -42.5% |
| Credit institutions | 430/8 | €358 | €206 | -€152 | -42.5% |
| Trade debts | 44 | €6,174 | €3,823 | -€2,350 | -38.1% |
| Suppliers | 440/4 | €6,174 | €3,823 | -€2,350 | -38.1% |
| Taxes, remuneration and social security | 45 | €530 | €3,738 | +€3,209 | +606% |
| Taxes | 450/3 | €530 | €3,738 | +€3,209 | +606% |
| Other amounts payable | 47/48 | €7,002 | €6,857 | -€144 | -2.1% |
| Accrued charges and deferred income | 492/3 | €2,080 | - | -€2,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882 | €2,671 | +€789 | +41.9% |
| Other operating charges | 640/8 | €392 | €133 | -€259 | -66.1% |
| Gross operating margin | 9900 | -€9,152 | -€4,544 | +€4,608 | +50.4% |
| Operating profit (loss) | 9901 | -€11,427 | -€7,348 | +€4,079 | +35.7% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €74 | €123 | +€49 | +66.2% |
| Recurring financial charges | 65 | €74 | €123 | +€49 | +66.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,501 | -€7,420 | +€4,081 | +35.5% |
| Income taxes | 67/77 | €333 | €352 | +€20 | +5.9% |
| Profit (loss) for the period | 9904 | -€11,833 | -€7,772 | +€4,061 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,833 | -€7,772 | +€4,061 | +34.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.