AXXELLUM: 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.
AXXELLUM
Largest movements
- Receivables within one year +€7,962
up €7,962 (+146.7%), from €5,429 to €13,390
of which Trade receivables: +€7,962
- Cash +€6,967
up €6,967 (+1314.3%), from €530 to €7,497
mainly Net result for the year (+€12,873) and Tax, wage and social debts (+€12,402)
- Tangible fixed assets -€923
down €923 (-29.0%), from €3,177 to €2,254
- Other debts -€19,808
down €19,808 (-87.2%), from €22,724 to €2,916
- Profit (loss) carried forward +€12,873
up €12,873 (+121.6%), from €10,590 to €23,463
- Tax, wage and social debts +€12,402
up €12,402 (+111.8%), from €11,090 to €23,491
of which Taxes: +€14,446
- Advances received +€9,813
new in 2025: €9,813
- Trade debts -€776
down €776 (-27.0%), from €2,873 to €2,096
- Gross operating margin +€4,675
up €4,675 (+30.3%), from €15,415 to €20,090
- Taxes +€1,082
up €1,082 (+35.1%), from €3,084 to €4,166
- Other operating charges +€505
up €505 (+38.7%), from €1,303 to €1,808
- Financial income +€381
up €381, from €0 to €381
- Staff costs +€276
new in 2025: €276
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.
Cash bridge derived
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 | €50,026 | €64,641 | +€14,616 | +29.2% |
| Fixed assets | 21/28 | €44,067 | €43,525 | -€542 | -1.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,177 | €2,254 | -€923 | -29.0% |
| Plant, machinery and equipment | 23 | €3,177 | €2,254 | -€923 | -29.0% |
| Financial fixed assets | 28 | €40,890 | €41,271 | +€381 | +0.9% |
| Current assets | 29/58 | €5,959 | €21,116 | +€15,157 | +254.4% |
| Amounts receivable within one year | 40/41 | €5,429 | €13,390 | +€7,962 | +146.7% |
| Trade receivables | 40 | €5,429 | €13,390 | +€7,962 | +146.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €530 | €7,497 | +€6,967 | +1314.3% |
| Deferred charges and accrued income | 490/1 | - | €229 | +€229 | |
| Total equity and liabilities | 10/49 | €50,026 | €64,641 | +€14,616 | +29.2% |
| Equity | 10/15 | €13,340 | €26,213 | +€12,873 | +96.5% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,590 | €23,463 | +€12,873 | +121.6% |
| Amounts payable | 17/49 | €36,686 | €38,428 | +€1,742 | +4.7% |
| Amounts payable within one year | 42/48 | €36,686 | €38,428 | +€1,742 | +4.7% |
| Financial debts | 43 | - | €112 | +€112 | |
| Credit institutions | 430/8 | - | €112 | +€112 | |
| Trade debts | 44 | €2,873 | €2,096 | -€776 | -27.0% |
| Suppliers | 440/4 | €2,873 | €2,096 | -€776 | -27.0% |
| Advances received on contracts in progress | 46 | - | €9,813 | +€9,813 | |
| Taxes, remuneration and social security | 45 | €11,090 | €23,491 | +€12,402 | +111.8% |
| Taxes | 450/3 | €9,045 | €23,491 | +€14,446 | +159.7% |
| Remuneration and social security | 454/9 | €2,044 | €0 | -€2,044 | -100.0% |
| Other amounts payable | 47/48 | €22,724 | €2,916 | -€19,808 | -87.2% |
| Remuneration, social security and pensions | 62 | - | €276 | +€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €953 | €923 | -€30 | -3.2% |
| Other operating charges | 640/8 | €1,303 | €1,808 | +€505 | +38.7% |
| Gross operating margin | 9900 | €15,415 | €20,090 | +€4,675 | +30.3% |
| Operating profit (loss) | 9901 | €13,159 | €17,083 | +€3,924 | +29.8% |
| Financial income | 75/76B | €0 | €381 | +€381 | |
| Recurring financial income | 75 | €0 | €381 | +€381 | |
| Financial charges | 65/66B | €194 | €425 | +€230 | +118.6% |
| Recurring financial charges | 65 | €194 | €425 | +€230 | +118.6% |
| Profit (loss) for the period before taxes | 9903 | €12,965 | €17,039 | +€4,075 | +31.4% |
| Income taxes | 67/77 | €3,084 | €4,166 | +€1,082 | +35.1% |
| Profit (loss) for the period | 9904 | €9,881 | €12,873 | +€2,993 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,881 | €12,873 | +€2,993 | +30.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.