Axyal: 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.
Axyal
Largest movements
- Cash -€686,691
down €686,691 (-91.4%), from €750,897 to €64,206
mainly Receivables within one year (-€587,871) and Trade debts (-€89,751)
- Receivables within one year +€587,871
up €587,871 (+702.9%), from €83,632 to €671,503
of which Other amounts receivable: +€640,936
- Trade debts -€89,751
no longer reported in 2025 (was €89,751)
- Tax, wage and social debts -€28,846
no longer reported in 2025 (was €28,846)
of which Remuneration and social security: -€20,584
- Staff costs -€292,745
down €292,745 (-91.3%), from €320,732 to €27,987
- Gross operating margin +€195,651
up €195,651, from -€168,602 to €27,049
- Write-downs -€76,937
down €76,937 (-95.2%), from €80,827 to €3,890
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 | €852,614 | €742,037 | -€110,577 | -13.0% |
| Fixed assets | 21/28 | €4,774 | €2,270 | -€2,504 | -52.5% |
| Tangible fixed assets | 22/27 | €4,774 | €2,270 | -€2,504 | -52.5% |
| Plant, machinery and equipment | 23 | €4,774 | €2,270 | -€2,504 | -52.5% |
| Current assets | 29/58 | €847,840 | €739,767 | -€108,072 | -12.7% |
| Stocks and contracts in progress | 3 | €7,947 | €4,057 | -€3,890 | -48.9% |
| Stocks | 30/36 | €7,947 | €4,057 | -€3,890 | -48.9% |
| Amounts receivable within one year | 40/41 | €83,632 | €671,503 | +€587,871 | +702.9% |
| Trade receivables | 40 | €53,701 | €637 | -€53,065 | -98.8% |
| Other amounts receivable | 41 | €29,931 | €670,867 | +€640,936 | +2141.4% |
| Cash at bank and in hand | 54/58 | €750,897 | €64,206 | -€686,691 | -91.4% |
| Deferred charges and accrued income | 490/1 | €5,363 | - | -€5,363 | |
| Total equity and liabilities | 10/49 | €852,614 | €742,037 | -€110,577 | -13.0% |
| Equity | 10/15 | €734,016 | €742,037 | +€8,021 | +1.1% |
| Contributions | 10/11 | €2,100,000 | €2,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,365,984 | -€1,357,963 | +€8,021 | +0.6% |
| Amounts payable | 17/49 | €118,597 | - | -€118,597 | |
| Amounts payable within one year | 42/48 | €118,597 | - | -€118,597 | |
| Trade debts | 44 | €89,751 | - | -€89,751 | |
| Suppliers | 440/4 | €89,751 | - | -€89,751 | |
| Taxes, remuneration and social security | 45 | €28,846 | - | -€28,846 | |
| Taxes | 450/3 | €8,262 | - | -€8,262 | |
| Remuneration and social security | 454/9 | €20,584 | - | -€20,584 | |
| Remuneration, social security and pensions | 62 | €320,732 | €27,987 | -€292,745 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €2,504 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,827 | €3,890 | -€76,937 | -95.2% |
| Other operating charges | 640/8 | €914 | €1,126 | +€213 | +23.3% |
| Gross operating margin | 9900 | -€168,602 | €27,049 | +€195,651 | |
| Operating profit (loss) | 9901 | -€573,578 | -€8,459 | +€565,120 | +98.5% |
| Financial income | 75/76B | €17,321 | €17,092 | -€229 | -1.3% |
| Recurring financial income | 75 | €17,321 | €17,092 | -€229 | -1.3% |
| Financial charges | 65/66B | €569 | €613 | +€43 | +7.6% |
| Recurring financial charges | 65 | €569 | €613 | +€43 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€556,827 | €8,021 | +€564,848 | |
| Profit (loss) for the period | 9904 | -€556,827 | €8,021 | +€564,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€556,827 | €8,021 | +€564,848 |
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 9 October 2026 via checked.be.