LIBRAIRIE 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.
LIBRAIRIE AXEL
Largest movements
- Cash -€57,071
down €57,071 (-99.8%), from €57,209 to €138
mainly Current portion of long-term debt (-€113,304) and Trade debts (-€29,095)
- Receivables within one year -€29,204
down €29,204 (-73.5%), from €39,722 to €10,518
of which Other amounts receivable: -€28,212
- Stocks and contracts -€22,734
down €22,734 (-24.4%), from €93,345 to €70,611
- Tangible fixed assets -€5,944
down €5,944 (-14.5%), from €41,008 to €35,064
of which Land and buildings: -€3,142
- Current portion of long-term debt -€113,304
down €113,304 (-96.4%), from €117,594 to €4,290
- Other debts +€36,324
new in 2025: €36,324
- Trade debts -€29,095
down €29,095 (-40.9%), from €71,083 to €41,988
- Profit (loss) carried forward -€8,716
down €8,716 (-25.7%), from -€33,977 to -€42,693
- Staff costs +€6,128
up €6,128 (+102%), from €5,986 to €12,114
- Gross operating margin -€3,936
down €3,936 (-18.6%), from €21,177 to €17,241
- Financial income -€1,734
down €1,734 (-94.1%), from €1,843 to €109
- Depreciation -€1,591
down €1,591 (-24.3%), from €6,549 to €4,958
- Taxes -€822
down €822 (-75.2%), from €1,093 to €272
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 | €233,806 | €119,823 | -€113,983 | -48.8% |
| Fixed assets | 21/28 | €41,008 | €35,064 | -€5,944 | -14.5% |
| Tangible fixed assets | 22/27 | €41,008 | €35,064 | -€5,944 | -14.5% |
| Land and buildings | 22 | €33,339 | €30,197 | -€3,142 | -9.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,669 | €4,867 | -€2,802 | -36.5% |
| Current assets | 29/58 | €192,798 | €84,758 | -€108,039 | -56.0% |
| Stocks and contracts in progress | 3 | €93,345 | €70,611 | -€22,734 | -24.4% |
| Stocks | 30/36 | €93,345 | €70,611 | -€22,734 | -24.4% |
| Amounts receivable within one year | 40/41 | €39,722 | €10,518 | -€29,204 | -73.5% |
| Trade receivables | 40 | €1,864 | €871 | -€993 | -53.3% |
| Other amounts receivable | 41 | €37,859 | €9,647 | -€28,212 | -74.5% |
| Cash at bank and in hand | 54/58 | €57,209 | €138 | -€57,071 | -99.8% |
| Deferred charges and accrued income | 490/1 | €2,521 | €3,491 | +€969 | +38.4% |
| Total equity and liabilities | 10/49 | €233,806 | €119,823 | -€113,983 | -48.8% |
| Equity | 10/15 | €43,269 | €34,553 | -€8,716 | -20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,646 | €58,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €58,646 | €58,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,977 | -€42,693 | -€8,716 | -25.7% |
| Amounts payable | 17/49 | €190,537 | €85,269 | -€105,268 | -55.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €190,537 | €85,269 | -€105,268 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €117,594 | €4,290 | -€113,304 | -96.4% |
| Financial debts | 43 | €546 | €1,169 | +€623 | +114% |
| Credit institutions | 430/8 | €546 | €1,169 | +€623 | +114% |
| Trade debts | 44 | €71,083 | €41,988 | -€29,095 | -40.9% |
| Suppliers | 440/4 | €71,083 | €41,988 | -€29,095 | -40.9% |
| Taxes, remuneration and social security | 45 | €1,314 | €1,500 | +€185 | +14.1% |
| Taxes | 450/3 | €550 | €700 | +€150 | +27.3% |
| Remuneration and social security | 454/9 | €764 | €800 | +€35 | +4.6% |
| Other amounts payable | 47/48 | - | €36,324 | +€36,324 | |
| Non-recurring operating income | 76A | €5,962 | €10,358 | +€4,396 | +73.7% |
| Remuneration, social security and pensions | 62 | €5,986 | €12,114 | +€6,128 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,549 | €4,958 | -€1,591 | -24.3% |
| Other operating charges | 640/8 | €4,025 | €3,694 | -€332 | -8.2% |
| Gross operating margin | 9900 | €21,177 | €17,241 | -€3,936 | -18.6% |
| Operating profit (loss) | 9901 | €4,617 | -€3,525 | -€8,141 | |
| Financial income | 75/76B | €1,843 | €109 | -€1,734 | -94.1% |
| Recurring financial income | 75 | €1,843 | €109 | -€1,734 | -94.1% |
| Financial charges | 65/66B | €5,275 | €5,029 | -€247 | -4.7% |
| Recurring financial charges | 65 | €5,275 | €5,029 | -€247 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €1,185 | -€8,444 | -€9,629 | |
| Income taxes | 67/77 | €1,093 | €272 | -€822 | -75.2% |
| Profit (loss) for the period | 9904 | €91 | -€8,716 | -€8,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €91 | -€8,716 | -€8,807 |
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 15 October 2026 via checked.be.