HITTELET AXEL: 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.
HITTELET AXEL
Largest movements
- Tangible fixed assets +€402,036
up €402,036 (+34.4%), from €1.2m to €1.6m
of which Land and buildings: +€430,570
- Current investments -€151,010
down €151,010 (-97.4%), from €155,069 to €4,059
- Other debts +€583,873
up €583,873 (+159%), from €367,086 to €950,958
- Profit (loss) carried forward -€139,673
down €139,673 (-81.0%), from €172,491 to €32,818
- Debts after one year -€133,084
down €133,084 (-31.9%), from €416,645 to €283,561
- Tax, wage and social debts -€95,041
no longer reported in 2025 (was €95,041)
- Short-term financial debts +€24,265
new in 2025: €24,265
- Taxes -€95,041
down €95,041 (-100.0%), from €95,041 to €0
- Gross operating margin -€32,280
down €32,280 (-97.1%), from €33,250 to €970
- Financial charges +€31,326
up €31,326 (+485%), from €6,465 to €37,791
- Depreciation +€21,819
up €21,819 (+32.5%), from €67,201 to €89,020
- Other operating charges +€3,162
up €3,162 (+29.6%), from €10,670 to €13,832
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 | €1,350,570 | €1,589,317 | +€238,747 | +17.7% |
| Fixed assets | 21/28 | €1,169,419 | €1,571,455 | +€402,036 | +34.4% |
| Tangible fixed assets | 22/27 | €1,169,419 | €1,571,455 | +€402,036 | +34.4% |
| Land and buildings | 22 | €1,029,895 | €1,460,465 | +€430,570 | +41.8% |
| Plant, machinery and equipment | 23 | €864 | - | -€864 | |
| Other tangible fixed assets | 26 | €138,661 | €110,991 | -€27,670 | -20.0% |
| Current assets | 29/58 | €181,151 | €17,862 | -€163,289 | -90.1% |
| Amounts receivable within one year | 40/41 | €792 | - | -€792 | |
| Other amounts receivable | 41 | €792 | - | -€792 | |
| Current investments | 50/53 | €155,069 | €4,059 | -€151,010 | -97.4% |
| Cash at bank and in hand | 54/58 | €23,404 | €11,169 | -€12,235 | -52.3% |
| Deferred charges and accrued income | 490/1 | €1,885 | €2,634 | +€748 | +39.7% |
| Total equity and liabilities | 10/49 | €1,350,570 | €1,589,317 | +€238,747 | +17.7% |
| Equity | 10/15 | €334,929 | €195,255 | -€139,673 | -41.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €143,888 | €143,888 | = | 0.0% |
| Distributable reserves | 133 | €143,888 | €143,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,491 | €32,818 | -€139,673 | -81.0% |
| Amounts payable | 17/49 | €1,015,642 | €1,394,062 | +€378,420 | +37.3% |
| Amounts payable after more than one year | 17 | €416,645 | €283,561 | -€133,084 | -31.9% |
| Financial debts | 170/4 | €416,645 | €283,561 | -€133,084 | -31.9% |
| Amounts payable within one year | 42/48 | €597,607 | €1,109,649 | +€512,042 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €134,314 | €133,084 | -€1,231 | -0.9% |
| Financial debts | 43 | - | €24,265 | +€24,265 | |
| Credit institutions | 430/8 | - | €24,265 | +€24,265 | |
| Trade debts | 44 | €1,166 | €1,342 | +€176 | +15.1% |
| Suppliers | 440/4 | €1,166 | €1,342 | +€176 | +15.1% |
| Taxes, remuneration and social security | 45 | €95,041 | - | -€95,041 | |
| Taxes | 450/3 | €95,041 | - | -€95,041 | |
| Other amounts payable | 47/48 | €367,086 | €950,958 | +€583,873 | +159% |
| Accrued charges and deferred income | 492/3 | €1,390 | €852 | -€538 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,201 | €89,020 | +€21,819 | +32.5% |
| Other operating charges | 640/8 | €10,670 | €13,832 | +€3,162 | +29.6% |
| Gross operating margin | 9900 | €33,250 | €970 | -€32,280 | -97.1% |
| Operating profit (loss) | 9901 | -€44,621 | -€101,882 | -€57,261 | -128% |
| Financial income | 75/76B | €2,641 | €0 | -€2,641 | -100.0% |
| Recurring financial income | 75 | €2,641 | €0 | -€2,641 | -100.0% |
| Financial charges | 65/66B | €6,465 | €37,791 | +€31,326 | +485% |
| Recurring financial charges | 65 | €6,465 | €37,791 | +€31,326 | +485% |
| Profit (loss) for the period before taxes | 9903 | -€48,445 | -€139,673 | -€91,228 | -188% |
| Transfer from deferred taxes | 780 | €68,943 | - | -€68,943 | |
| Income taxes | 67/77 | €95,041 | €0 | -€95,041 | -100.0% |
| Profit (loss) for the period | 9904 | -€74,542 | -€139,673 | -€65,131 | -87.4% |
| Transfer from tax-exempt reserves | 789 | €207,680 | - | -€207,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,137 | -€139,673 | -€272,810 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.