AAXE - CLASS: 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.
AAXE - CLASS
Largest movements
- Receivables within one year +€167,039
up €167,039 (+21.2%), from €788,052 to €955,091
of which Trade receivables: +€114,476
- Cash +€51,319
up €51,319 (+4.0%), from €1.3m to €1.3m
mainly Tax, wage and social debts (+€179,925) and Net result for the year (+€25,198)
- Tax, wage and social debts +€179,925
up €179,925 (+16.9%), from €1.1m to €1.2m
of which Remuneration and social security: +€159,505
- Profit (loss) carried forward +€25,198
up €25,198 (+4.5%), from €560,710 to €585,908
- Turnover -€145,937
down €145,937 (-1.8%), from €8.0m to €7.9m
- Services and other goods -€97,837
down €97,837 (-16.3%), from €599,498 to €501,661
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 | €2,073,863 | €2,290,808 | +€216,945 | +10.5% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Other financial fixed assets | 284/8 | €400 | €400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €2,073,463 | €2,290,408 | +€216,945 | +10.5% |
| Amounts receivable within one year | 40/41 | €788,052 | €955,091 | +€167,039 | +21.2% |
| Trade receivables | 40 | €518,940 | €633,416 | +€114,476 | +22.1% |
| Other amounts receivable | 41 | €269,111 | €321,675 | +€52,564 | +19.5% |
| Cash at bank and in hand | 54/58 | €1,283,998 | €1,335,317 | +€51,319 | +4.0% |
| Deferred charges and accrued income | 490/1 | €1,413 | - | -€1,413 | |
| Total equity and liabilities | 10/49 | €2,073,863 | €2,290,808 | +€216,945 | +10.5% |
| Equity | 10/15 | €624,570 | €649,768 | +€25,198 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,260 | €45,260 | = | 0.0% |
| Distributable reserves | 133 | €45,260 | €45,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €560,710 | €585,908 | +€25,198 | +4.5% |
| Amounts payable | 17/49 | €1,449,293 | €1,641,040 | +€191,747 | +13.2% |
| Amounts payable within one year | 42/48 | €1,433,194 | €1,639,463 | +€206,268 | +14.4% |
| Financial debts | 43 | €175,684 | €174,621 | -€1,063 | -0.6% |
| Credit institutions | 430/8 | €175,684 | €174,621 | -€1,063 | -0.6% |
| Trade debts | 44 | €174,179 | €181,918 | +€7,739 | +4.4% |
| Suppliers | 440/4 | €174,179 | €181,918 | +€7,739 | +4.4% |
| Taxes, remuneration and social security | 45 | €1,062,925 | €1,242,850 | +€179,925 | +16.9% |
| Taxes | 450/3 | €24,731 | €45,151 | +€20,420 | +82.6% |
| Remuneration and social security | 454/9 | €1,038,195 | €1,197,699 | +€159,505 | +15.4% |
| Other amounts payable | 47/48 | €20,406 | €40,073 | +€19,668 | +96.4% |
| Accrued charges and deferred income | 492/3 | €16,098 | €1,577 | -€14,521 | -90.2% |
| Operating income | 70/76A | €8,048,021 | €7,932,507 | -€115,514 | -1.4% |
| Turnover | 70 | €8,038,907 | €7,892,970 | -€145,937 | -1.8% |
| Other operating income | 74 | €9,114 | €39,537 | +€30,423 | +333.8% |
| Operating charges | 60/66A | €7,933,974 | €7,861,147 | -€72,826 | -0.9% |
| Services and other goods | 61 | €599,498 | €501,661 | -€97,837 | -16.3% |
| Remuneration, social security and pensions | 62 | €7,333,132 | €7,357,743 | +€24,612 | +0.3% |
| Other operating charges | 640/8 | €1,344 | €1,744 | +€399 | +29.7% |
| Operating profit (loss) | 9901 | €114,047 | €71,360 | -€42,687 | -37.4% |
| Financial income | 75/76B | €4,797 | €4,287 | -€510 | -10.6% |
| Recurring financial income | 75 | €4,797 | €4,287 | -€510 | -10.6% |
| Income from current assets | 751 | €4,797 | €4,287 | -€510 | -10.6% |
| Financial charges | 65/66B | €14,840 | €9,794 | -€5,046 | -34.0% |
| Recurring financial charges | 65 | €14,840 | €9,794 | -€5,046 | -34.0% |
| Debt charges | 650 | €13,678 | €8,917 | -€4,761 | -34.8% |
| Other financial charges | 652/9 | €1,162 | €878 | -€285 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €104,004 | €65,852 | -€38,152 | -36.7% |
| Income taxes | 67/77 | €61,133 | €40,654 | -€20,479 | -33.5% |
| Taxes | 670/3 | €61,133 | €53,206 | -€7,927 | -13.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €12,552 | +€12,552 | |
| Profit (loss) for the period | 9904 | €42,871 | €25,198 | -€17,673 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,871 | €25,198 | -€17,673 | -41.2% |
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 30 September 2026 via checked.be.