AAXE - NET: 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 - NET
Largest movements
- Cash -€259,645
down €259,645 (-22.2%), from €1.2m to €907,865
mainly Receivables within one year (-€210,609) and Net result for the year (-€51,238)
- Receivables within one year +€210,609
up €210,609 (+19.8%), from €1.1m to €1.3m
of which Other amounts receivable: +€173,788
- Profit (loss) carried forward -€51,238
down €51,238 (-15.7%), from €326,654 to €275,416
- Tax, wage and social debts +€36,474
up €36,474 (+2.8%), from €1.3m to €1.3m
of which Taxes: +€28,150
- Turnover -€871,608
down €871,608 (-9.2%), from €9.5m to €8.6m
- Staff costs -€620,983
down €620,983 (-7.0%), from €8.9m to €8.3m
- Services and other goods -€141,020
down €141,020 (-19.5%), from €724,554 to €583,534
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 | €2,231,176 | €2,187,604 | -€43,572 | -2.0% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,230,976 | €2,187,404 | -€43,572 | -2.0% |
| Amounts receivable within one year | 40/41 | €1,061,204 | €1,271,813 | +€210,609 | +19.8% |
| Trade receivables | 40 | €549,672 | €586,493 | +€36,821 | +6.7% |
| Other amounts receivable | 41 | €511,531 | €685,320 | +€173,788 | +34.0% |
| Cash at bank and in hand | 54/58 | €1,167,510 | €907,865 | -€259,645 | -22.2% |
| Deferred charges and accrued income | 490/1 | €2,262 | €7,727 | +€5,464 | +241.5% |
| Total equity and liabilities | 10/49 | €2,231,176 | €2,187,604 | -€43,572 | -2.0% |
| Equity | 10/15 | €508,133 | €456,895 | -€51,238 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,878 | €162,878 | = | 0.0% |
| Distributable reserves | 133 | €162,878 | €162,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326,654 | €275,416 | -€51,238 | -15.7% |
| Amounts payable | 17/49 | €1,723,044 | €1,730,709 | +€7,666 | +0.4% |
| Amounts payable within one year | 42/48 | €1,705,673 | €1,730,709 | +€25,037 | +1.5% |
| Financial debts | 43 | €217,542 | €216,218 | -€1,324 | -0.6% |
| Credit institutions | 430/8 | €217,542 | €216,218 | -€1,324 | -0.6% |
| Trade debts | 44 | €193,327 | €181,692 | -€11,635 | -6.0% |
| Suppliers | 440/4 | €193,327 | €181,692 | -€11,635 | -6.0% |
| Taxes, remuneration and social security | 45 | €1,287,306 | €1,323,781 | +€36,474 | +2.8% |
| Taxes | 450/3 | €31,901 | €60,052 | +€28,150 | +88.2% |
| Remuneration and social security | 454/9 | €1,255,405 | €1,263,729 | +€8,324 | +0.7% |
| Other amounts payable | 47/48 | €7,498 | €9,020 | +€1,521 | +20.3% |
| Accrued charges and deferred income | 492/3 | €17,371 | - | -€17,371 | |
| Operating income | 70/76A | €9,714,390 | €8,870,748 | -€843,642 | -8.7% |
| Turnover | 70 | €9,501,386 | €8,629,777 | -€871,608 | -9.2% |
| Other operating income | 74 | €213,004 | €240,971 | +€27,967 | +13.1% |
| Operating charges | 60/66A | €9,657,862 | €8,896,277 | -€761,585 | -7.9% |
| Services and other goods | 61 | €724,554 | €583,534 | -€141,020 | -19.5% |
| Remuneration, social security and pensions | 62 | €8,931,384 | €8,310,401 | -€620,983 | -7.0% |
| Other operating charges | 640/8 | €1,924 | €2,342 | +€418 | +21.7% |
| Operating profit (loss) | 9901 | €56,527 | -€25,529 | -€82,057 | |
| Financial income | 75/76B | €5,854 | €4,574 | -€1,280 | -21.9% |
| Recurring financial income | 75 | €5,854 | €4,574 | -€1,280 | -21.9% |
| Income from current assets | 751 | €5,854 | €4,570 | -€1,283 | -21.9% |
| Other financial income | 752/9 | - | €4 | +€4 | |
| Financial charges | 65/66B | €17,791 | €11,796 | -€5,996 | -33.7% |
| Recurring financial charges | 65 | €17,791 | €11,796 | -€5,996 | -33.7% |
| Debt charges | 650 | €16,615 | €10,795 | -€5,820 | -35.0% |
| Other financial charges | 652/9 | €1,177 | €1,001 | -€176 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €44,589 | -€32,751 | -€77,340 | |
| Income taxes | 67/77 | €55,596 | €18,487 | -€37,109 | -66.7% |
| Taxes | 670/3 | €55,598 | €34,451 | -€21,147 | -38.0% |
| Tax adjustments and reversals of tax provisions | 77 | €2 | €15,964 | +€15,962 | +706272.1% |
| Profit (loss) for the period | 9904 | -€11,006 | -€51,238 | -€40,231 | -365.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,006 | -€51,238 | -€40,231 | -365.5% |
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.