A.X.S.: 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.
A.X.S.
Largest movements
- Receivables within one year -€7,026
down €7,026 (-94.8%), from €7,413 to €387
of which Other amounts receivable: -€6,056
- Cash +€6,113
up €6,113 (+158.9%), from €3,847 to €9,959
mainly Receivables within one year (+€7,026) and Other debts (+€4,964)
- Tangible fixed assets -€550
down €550 (-53.7%), from €1,025 to €475
- Other debts +€4,964
new in 2025: €4,964
- Tax, wage and social debts -€2,846
down €2,846 (-96.5%), from €2,950 to €104
- Profit (loss) carried forward -€2,754
down €2,754 (-23.0%), from -€11,954 to -€14,707
- Trade debts -€905
no longer reported in 2025 (was €905)
- Gross operating margin +€7,255
up €7,255 (+78.6%), from -€9,225 to -€1,970
- Depreciation -€200
down €200 (-26.7%), from €750 to €550
- Taxes +€104
new in 2025: €104
- Other operating charges -€96
down €96 (-69.8%), from €138 to €42
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 | €12,361 | €10,821 | -€1,540 | -12.5% |
| Fixed assets | 21/28 | €1,102 | €475 | -€627 | -56.9% |
| Tangible fixed assets | 22/27 | €1,025 | €475 | -€550 | -53.7% |
| Furniture and vehicles | 24 | €1,025 | €475 | -€550 | -53.7% |
| Financial fixed assets | 28 | €77 | - | -€77 | |
| Current assets | 29/58 | €11,260 | €10,347 | -€913 | -8.1% |
| Amounts receivable within one year | 40/41 | €7,413 | €387 | -€7,026 | -94.8% |
| Trade receivables | 40 | €970 | - | -€970 | |
| Other amounts receivable | 41 | €6,443 | €387 | -€6,056 | -94.0% |
| Cash at bank and in hand | 54/58 | €3,847 | €9,959 | +€6,113 | +158.9% |
| Total equity and liabilities | 10/49 | €12,361 | €10,821 | -€1,540 | -12.5% |
| Equity | 10/15 | €8,506 | €5,753 | -€2,754 | -32.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,954 | -€14,707 | -€2,754 | -23.0% |
| Amounts payable | 17/49 | €3,855 | €5,069 | +€1,213 | +31.5% |
| Amounts payable within one year | 42/48 | €3,855 | €5,069 | +€1,213 | +31.5% |
| Trade debts | 44 | €905 | - | -€905 | |
| Suppliers | 440/4 | €905 | - | -€905 | |
| Taxes, remuneration and social security | 45 | €2,950 | €104 | -€2,846 | -96.5% |
| Taxes | 450/3 | €2,950 | €104 | -€2,846 | -96.5% |
| Other amounts payable | 47/48 | - | €4,964 | +€4,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €550 | -€200 | -26.7% |
| Other operating charges | 640/8 | €138 | €42 | -€96 | -69.8% |
| Gross operating margin | 9900 | -€9,225 | -€1,970 | +€7,255 | +78.6% |
| Operating profit (loss) | 9901 | -€10,113 | -€2,561 | +€7,552 | +74.7% |
| Financial income | 75/76B | €22 | €8 | -€15 | -65.7% |
| Recurring financial income | 75 | €22 | €8 | -€15 | -65.7% |
| Financial charges | 65/66B | €85 | €96 | +€10 | +12.0% |
| Recurring financial charges | 65 | €85 | €96 | +€10 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,176 | -€2,649 | +€7,527 | +74.0% |
| Income taxes | 67/77 | - | €104 | +€104 | |
| Profit (loss) for the period | 9904 | -€10,176 | -€2,754 | +€7,422 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,176 | -€2,754 | +€7,422 | +72.9% |
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 5 October 2026 via checked.be.