AXON LAB: 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.
AXON LAB
Largest movements
- Receivables within one year +€814,456
up €814,456 (+61.8%), from €1.3m to €2.1m
- Stocks and contracts +€448,867
up €448,867 (+330%), from €136,203 to €585,070
- Tangible fixed assets +€242,085
up €242,085 (+689%), from €35,115 to €277,201
of which Other tangible fixed assets: +€247,520
- Cash -€43,476
down €43,476 (-17.8%), from €243,727 to €200,251
mainly Receivables within one year (-€814,456) and Investment in fixed assets (net) (-€680,700)
- Debts after one year +€1.6m
up €1.6m (+1,122%), from €143,734 to €1.8m
- Trade debts -€145,609
down €145,609 (-21.1%), from €689,444 to €543,835
- Tax, wage and social debts +€129,427
up €129,427 (+83.1%), from €155,826 to €285,253
of which Remuneration and social security: +€111,664
- Provisions -€104,500
down €104,500 (-100%), from €104,500 to €0
- Turnover -€2.9m
no longer reported in 2025 (was €2.9m)
- Purchases and services -€2.2m
no longer reported in 2025 (was €2.2m)
- Gross operating margin +€1.2m
up €1.2m (+142%), from €869,621 to €2.1m
- Staff costs +€720,169
up €720,169 (+93.2%), from €772,847 to €1.5m
- Depreciation +€403,505
up €403,505 (+5,095%), from €7,919 to €411,424
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 | €1,785,939 | €3,282,860 | +€1.5m | +83.8% |
| Fixed assets | 21/28 | €76,193 | €345,468 | +€269,275 | +353% |
| Tangible fixed assets | 22/27 | €35,115 | €277,201 | +€242,085 | +689% |
| Plant, machinery and equipment | 23 | €4,982 | €3,823 | -€1,159 | -23.3% |
| Furniture and vehicles | 24 | €21,829 | €17,553 | -€4,275 | -19.6% |
| Other tangible fixed assets | 26 | €8,304 | €255,824 | +€247,520 | +2,981% |
| Financial fixed assets | 28 | €41,078 | €68,268 | +€27,190 | +66.2% |
| Current assets | 29/58 | €1,709,746 | €2,937,392 | +€1.2m | +71.8% |
| Stocks and contracts in progress | 3 | €136,203 | €585,070 | +€448,867 | +330% |
| Stocks | 30/36 | €136,203 | €585,070 | +€448,867 | +330% |
| Amounts receivable within one year | 40/41 | €1,318,552 | €2,133,009 | +€814,456 | +61.8% |
| Trade receivables | 40 | €1,318,552 | €2,133,009 | +€814,456 | +61.8% |
| Cash at bank and in hand | 54/58 | €243,727 | €200,251 | -€43,476 | -17.8% |
| Deferred charges and accrued income | 490/1 | €11,264 | €19,062 | +€7,798 | +69.2% |
| Total equity and liabilities | 10/49 | €1,785,939 | €3,282,860 | +€1.5m | +83.8% |
| Equity | 10/15 | €689,716 | €694,802 | +€5,086 | +0.7% |
| Contributions | 10/11 | €410,899 | €410,899 | = | 0.0% |
| Capital | 10 | €410,899 | €410,899 | = | 0.0% |
| Issued capital | 100 | €410,899 | €410,899 | = | 0.0% |
| Reserves | 13 | €14,268 | €14,523 | +€254 | +1.8% |
| Non-distributable reserves | 130/1 | €14,268 | €14,523 | +€254 | +1.8% |
| Legal reserve | 130 | €14,268 | €14,523 | +€254 | +1.8% |
| Profit (loss) carried forward | 14 | €264,549 | €269,381 | +€4,832 | +1.8% |
| Provisions and deferred taxes | 16 | €104,500 | €0 | -€104,500 | -100% |
| Provisions for liabilities and charges | 160/5 | €104,500 | €0 | -€104,500 | -100% |
| Other liabilities and charges | 164/5 | €104,500 | €0 | -€104,500 | -100% |
| Amounts payable | 17/49 | €991,723 | €2,588,058 | +€1.6m | +161% |
| Amounts payable after more than one year | 17 | €143,734 | €1,755,870 | +€1.6m | +1,122% |
| Financial debts | 170/4 | €143,734 | €1,755,870 | +€1.6m | +1,122% |
| Amounts payable within one year | 42/48 | €845,270 | €829,088 | -€16,182 | -1.9% |
| Trade debts | 44 | €689,444 | €543,835 | -€145,609 | -21.1% |
| Suppliers | 440/4 | €689,444 | €543,835 | -€145,609 | -21.1% |
| Taxes, remuneration and social security | 45 | €155,826 | €285,253 | +€129,427 | +83.1% |
| Taxes | 450/3 | €53,029 | €70,791 | +€17,763 | +33.5% |
| Remuneration and social security | 454/9 | €102,797 | €214,461 | +€111,664 | +109% |
| Accrued charges and deferred income | 492/3 | €2,719 | €3,100 | +€381 | +14.0% |
| Turnover | 70 | €2,938,827 | - | -€2.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,157,842 | - | -€2.2m | |
| Remuneration, social security and pensions | 62 | €772,847 | €1,493,016 | +€720,169 | +93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,919 | €411,424 | +€403,505 | +5,095% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,481 | €228,447 | +€189,966 | +494% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€104,500 | -€104,500 | |
| Other operating charges | 640/8 | €8,035 | €17,730 | +€9,695 | +121% |
| Non-recurring operating charges | 66A | - | €4,217 | +€4,217 | |
| Gross operating margin | 9900 | €869,621 | €2,102,903 | +€1.2m | +142% |
| Operating profit (loss) | 9901 | €42,338 | €52,568 | +€10,230 | +24.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €16,533 | €44,385 | +€27,852 | +168% |
| Recurring financial charges | 65 | €16,533 | €44,385 | +€27,852 | +168% |
| Profit (loss) for the period before taxes | 9903 | €25,805 | €8,186 | -€17,619 | -68.3% |
| Income taxes | 67/77 | €1,673 | €3,099 | +€1,426 | +85.2% |
| Profit (loss) for the period | 9904 | €24,132 | €5,086 | -€19,045 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,132 | €5,086 | -€19,045 | -78.9% |
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 19 October 2026 via checked.be.