AKSIOM: 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.
AKSIOM
Largest movements
- Current investments +€401,733
new in 2025: €401,733
- Cash -€280,220
no longer reported in 2025 (was €280,220)
mainly Investment in fixed assets (net) (-€443,260) and Current investments (-€401,733)
- Tangible fixed assets +€273,513
up €273,513 (+8.4%), from €3.2m to €3.5m
of which Land and buildings: +€274,720
- Stocks and contracts -€161,727
down €161,727 (-16.2%), from €995,319 to €833,592
- Receivables within one year +€150,000
up €150,000 (+7,270%), from €2,063 to €152,063
- Other debts +€309,665
up €309,665 (+7.8%), from €4.0m to €4.3m
- Tax, wage and social debts -€113,871
no longer reported in 2025 (was €113,871)
- Profit (loss) carried forward +€106,081
up €106,081 (+40.7%), from -€260,653 to -€154,571
- Reserves +€80,096
up €80,096 (+10.2%), from €784,168 to €864,264
of which Tax-exempt reserves: +€80,096
- Gross operating margin +€336,239
up €336,239 (+471%), from €71,386 to €407,625
- Depreciation -€19,183
down €19,183 (-10.2%), from €188,929 to €169,747
- Taxes -€10,811
down €10,811 (-96.6%), from €11,188 to €377
- Other operating charges -€9,065
down €9,065 (-25.3%), from €35,899 to €26,835
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 | €4,715,408 | €5,096,676 | +€381,268 | +8.1% |
| Fixed assets | 21/28 | €3,434,395 | €3,707,908 | +€273,513 | +8.0% |
| Tangible fixed assets | 22/27 | €3,237,645 | €3,511,158 | +€273,513 | +8.4% |
| Land and buildings | 22 | €3,234,292 | €3,509,012 | +€274,720 | +8.5% |
| Furniture and vehicles | 24 | €3,353 | €2,146 | -€1,207 | -36.0% |
| Financial fixed assets | 28 | €196,750 | €196,750 | = | 0.0% |
| Current assets | 29/58 | €1,281,013 | €1,388,768 | +€107,755 | +8.4% |
| Stocks and contracts in progress | 3 | €995,319 | €833,592 | -€161,727 | -16.2% |
| Stocks | 30/36 | €995,319 | €833,592 | -€161,727 | -16.2% |
| Amounts receivable within one year | 40/41 | €2,063 | €152,063 | +€150,000 | +7,270% |
| Other amounts receivable | 41 | €2,063 | €152,063 | +€150,000 | +7,270% |
| Current investments | 50/53 | - | €401,733 | +€401,733 | |
| Cash at bank and in hand | 54/58 | €280,220 | - | -€280,220 | |
| Deferred charges and accrued income | 490/1 | €3,410 | €1,379 | -€2,031 | -59.6% |
| Total equity and liabilities | 10/49 | €4,715,408 | €5,096,676 | +€381,268 | +8.1% |
| Equity | 10/15 | €585,015 | €771,192 | +€186,177 | +31.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €784,168 | €864,264 | +€80,096 | +10.2% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,473 | €112,569 | +€80,096 | +247% |
| Distributable reserves | 133 | €728,695 | €728,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,653 | -€154,571 | +€106,081 | +40.7% |
| Provisions and deferred taxes | 16 | €10,824 | €30,848 | +€20,024 | +185% |
| Deferred taxes | 168 | €10,824 | €30,848 | +€20,024 | +185% |
| Amounts payable | 17/49 | €4,119,569 | €4,294,636 | +€175,067 | +4.2% |
| Amounts payable within one year | 42/48 | €4,119,569 | €4,294,636 | +€175,067 | +4.2% |
| Trade debts | 44 | €41,304 | €20,576 | -€20,728 | -50.2% |
| Suppliers | 440/4 | €41,304 | €20,576 | -€20,728 | -50.2% |
| Taxes, remuneration and social security | 45 | €113,871 | - | -€113,871 | |
| Taxes | 450/3 | €113,871 | - | -€113,871 | |
| Other amounts payable | 47/48 | €3,964,394 | €4,274,060 | +€309,665 | +7.8% |
| Non-recurring operating income | 76A | €91,857 | - | -€91,857 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,929 | €169,747 | -€19,183 | -10.2% |
| Other operating charges | 640/8 | €35,899 | €26,835 | -€9,065 | -25.3% |
| Gross operating margin | 9900 | €71,386 | €407,625 | +€336,239 | +471% |
| Operating profit (loss) | 9901 | -€153,442 | €211,044 | +€364,486 | |
| Financial income | 75/76B | €148 | €0 | -€147 | -99.7% |
| Recurring financial income | 75 | €148 | €0 | -€147 | -99.7% |
| Financial charges | 65/66B | €4,067 | €4,465 | +€399 | +9.8% |
| Recurring financial charges | 65 | €4,067 | €4,465 | +€399 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€157,361 | €206,579 | +€363,940 | |
| Transfer to deferred taxes | 680 | - | €20,024 | +€20,024 | |
| Income taxes | 67/77 | €11,188 | €377 | -€10,811 | -96.6% |
| Profit (loss) for the period | 9904 | -€168,549 | €186,177 | +€354,726 | |
| Transfer to tax-exempt reserves | 689 | - | €80,096 | +€80,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€168,549 | €106,081 | +€274,630 |
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 17 October 2026 via checked.be.