SANDRA AXEL SERVICES: 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.
SANDRA AXEL SERVICES
Largest movements
- Cash +€29,761
up €29,761 (+148%), from €20,044 to €49,805
mainly Trade debts (+€34,128) and Net result for the year (+€2,801)
- Receivables within one year +€10,195
up €10,195 (+57.8%), from €17,646 to €27,841
of which Trade receivables: +€9,601
- Tangible fixed assets -€1,552
down €1,552 (-22.8%), from €6,818 to €5,266
- Trade debts +€34,128
up €34,128 (+626%), from €5,452 to €39,580
- Profit (loss) carried forward +€2,801
up €2,801 (+52.5%), from -€5,338 to -€2,537
- Tax, wage and social debts +€1,475
up €1,475 (+109%), from €1,357 to €2,832
- Gross operating margin +€3,037
up €3,037 (+62.8%), from €4,836 to €7,873
- Depreciation +€611
up €611 (+64.9%), from €941 to €1,552
- Taxes -€264
down €264 (-9.1%), from €2,917 to €2,653
- Other operating charges -€245
down €245 (-25.9%), from €949 to €704
- Financial income -€101
down €101 (-100.0%), from €101 to €0
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 | €44,507 | €82,911 | +€38,404 | +86.3% |
| Fixed assets | 21/28 | €6,818 | €5,266 | -€1,552 | -22.8% |
| Tangible fixed assets | 22/27 | €6,818 | €5,266 | -€1,552 | -22.8% |
| Furniture and vehicles | 24 | €6,818 | €5,266 | -€1,552 | -22.8% |
| Current assets | 29/58 | €37,690 | €77,645 | +€39,955 | +106% |
| Amounts receivable within one year | 40/41 | €17,646 | €27,841 | +€10,195 | +57.8% |
| Trade receivables | 40 | €16,086 | €25,687 | +€9,601 | +59.7% |
| Other amounts receivable | 41 | €1,560 | €2,154 | +€594 | +38.1% |
| Cash at bank and in hand | 54/58 | €20,044 | €49,805 | +€29,761 | +148% |
| Total equity and liabilities | 10/49 | €44,507 | €82,911 | +€38,404 | +86.3% |
| Equity | 10/15 | €36,037 | €38,837 | +€2,801 | +7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,374 | €21,374 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,860 | €3,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €17,514 | €17,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,338 | -€2,537 | +€2,801 | +52.5% |
| Amounts payable | 17/49 | €8,471 | €44,074 | +€35,603 | +420% |
| Amounts payable within one year | 42/48 | €8,471 | €44,074 | +€35,603 | +420% |
| Trade debts | 44 | €5,452 | €39,580 | +€34,128 | +626% |
| Suppliers | 440/4 | €5,452 | €39,580 | +€34,128 | +626% |
| Taxes, remuneration and social security | 45 | €1,357 | €2,832 | +€1,475 | +109% |
| Taxes | 450/3 | €1,357 | €2,832 | +€1,475 | +109% |
| Other amounts payable | 47/48 | €1,661 | €1,661 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €941 | €1,552 | +€611 | +64.9% |
| Other operating charges | 640/8 | €949 | €704 | -€245 | -25.9% |
| Gross operating margin | 9900 | €4,836 | €7,873 | +€3,037 | +62.8% |
| Operating profit (loss) | 9901 | €2,945 | €5,617 | +€2,672 | +90.7% |
| Financial income | 75/76B | €101 | €0 | -€101 | -100.0% |
| Recurring financial income | 75 | €101 | €0 | -€101 | -100.0% |
| Financial charges | 65/66B | €110 | €164 | +€54 | +49.3% |
| Recurring financial charges | 65 | €110 | €164 | +€54 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €2,936 | €5,453 | +€2,517 | +85.7% |
| Income taxes | 67/77 | €2,917 | €2,653 | -€264 | -9.1% |
| Profit (loss) for the period | 9904 | €20 | €2,801 | +€2,781 | +14,196% |
| Profit (loss) for the period to be appropriated | 9905 | €20 | €2,801 | +€2,781 | +14,196% |
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 21 October 2026 via checked.be.