AOXIANG: 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.
AOXIANG
Largest movements
- Cash +€61,985
up €61,985 (+338.5%), from €18,312 to €80,298
mainly Trade debts (+€71,769) and Net result for the year (+€46,460)
- Tangible fixed assets +€61,980
up €61,980 (+76.7%), from €80,770 to €142,750
of which Plant, machinery and equipment: +€74,744
- Receivables within one year +€3,787
up €3,787 (+31.1%), from €12,194 to €15,981
of which Other amounts receivable: +€2,853
- Trade debts +€71,769
up €71,769 (+10340.2%), from €694 to €72,463
- Reserves +€46,460
up €46,460 (+52.3%), from €88,751 to €135,211
of which Distributable reserves: +€46,460
- Tax, wage and social debts +€8,806
up €8,806 (+111.8%), from €7,875 to €16,681
of which Taxes: +€5,584
- Gross operating margin +€35,583
up €35,583 (+66.6%), from €53,399 to €88,982
- Depreciation +€11,480
up €11,480 (+167.1%), from €6,870 to €18,350
- Taxes +€7,623
up €7,623 (+50.9%), from €14,986 to €22,609
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 | €115,920 | €242,955 | +€127,035 | +109.6% |
| Fixed assets | 21/28 | €80,770 | €142,750 | +€61,980 | +76.7% |
| Tangible fixed assets | 22/27 | €80,770 | €142,750 | +€61,980 | +76.7% |
| Plant, machinery and equipment | 23 | €20,067 | €94,812 | +€74,744 | +372.5% |
| Furniture and vehicles | 24 | €60,703 | €47,938 | -€12,765 | -21.0% |
| Current assets | 29/58 | €35,150 | €100,205 | +€65,055 | +185.1% |
| Stocks and contracts in progress | 3 | €2,499 | €1,430 | -€1,069 | -42.8% |
| Stocks | 30/36 | €2,499 | €1,430 | -€1,069 | -42.8% |
| Amounts receivable within one year | 40/41 | €12,194 | €15,981 | +€3,787 | +31.1% |
| Trade receivables | 40 | - | €934 | +€934 | |
| Other amounts receivable | 41 | €12,194 | €15,047 | +€2,853 | +23.4% |
| Cash at bank and in hand | 54/58 | €18,312 | €80,298 | +€61,985 | +338.5% |
| Deferred charges and accrued income | 490/1 | €2,144 | €2,496 | +€351 | +16.4% |
| Total equity and liabilities | 10/49 | €115,920 | €242,955 | +€127,035 | +109.6% |
| Equity | 10/15 | €107,351 | €153,811 | +€46,460 | +43.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,751 | €135,211 | +€46,460 | +52.3% |
| Tax-exempt reserves | 132 | €2,753 | €2,753 | = | 0.0% |
| Distributable reserves | 133 | €85,998 | €132,458 | +€46,460 | +54.0% |
| Amounts payable | 17/49 | €8,569 | €89,144 | +€80,575 | +940.3% |
| Amounts payable within one year | 42/48 | €8,569 | €89,144 | +€80,575 | +940.3% |
| Trade debts | 44 | €694 | €72,463 | +€71,769 | +10340.2% |
| Suppliers | 440/4 | €694 | €72,463 | +€71,769 | +10340.2% |
| Taxes, remuneration and social security | 45 | €7,875 | €16,681 | +€8,806 | +111.8% |
| Taxes | 450/3 | €4,669 | €10,253 | +€5,584 | +119.6% |
| Remuneration and social security | 454/9 | €3,206 | €6,428 | +€3,221 | +100.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,870 | €18,350 | +€11,480 | +167.1% |
| Other operating charges | 640/8 | €712 | €630 | -€83 | -11.6% |
| Gross operating margin | 9900 | €53,399 | €88,982 | +€35,583 | +66.6% |
| Operating profit (loss) | 9901 | €45,817 | €70,002 | +€24,185 | +52.8% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €790 | €933 | +€143 | +18.1% |
| Recurring financial charges | 65 | €790 | €933 | +€143 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €45,040 | €69,069 | +€24,030 | +53.4% |
| Income taxes | 67/77 | €14,986 | €22,609 | +€7,623 | +50.9% |
| Profit (loss) for the period | 9904 | €30,054 | €46,460 | +€16,406 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,054 | €46,460 | +€16,406 | +54.6% |
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 8 October 2026 via checked.be.