ASIXTEL: 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.
ASIXTEL
Largest movements
- Cash +€56,168
up €56,168 (+105%), from €53,695 to €109,862
mainly Net result for the year (+€53,906) and Receivables within one year (+€22,532)
- Receivables within one year -€22,532
no longer reported in 2025 (was €22,532)
of which Trade receivables: -€17,951
- Tangible fixed assets -€7,688
down €7,688 (-31.3%), from €24,591 to €16,904
of which Furniture and vehicles: -€6,817
- Current investments +€7,363
up €7,363 (+16.0%), from €46,023 to €53,386
- Profit (loss) carried forward +€53,906
new in 2025: €53,906
- Reserves -€18,453
down €18,453 (-17.3%), from €106,471 to €88,018
- Tax, wage and social debts -€7,373
down €7,373 (-46.0%), from €16,033 to €8,659
of which Taxes: -€5,212
- Trade debts +€5,138
up €5,138 (+77.0%), from €6,677 to €11,815
- Gross operating margin +€20,006
up €20,006 (+33.0%), from €60,585 to €80,591
- Depreciation -€1,559
down €1,559 (-14.6%), from €10,672 to €9,112
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 | €151,528 | €184,902 | +€33,373 | +22.0% |
| Fixed assets | 21/28 | €27,129 | €19,441 | -€7,688 | -28.3% |
| Tangible fixed assets | 22/27 | €24,591 | €16,904 | -€7,688 | -31.3% |
| Plant, machinery and equipment | 23 | €12,337 | €11,467 | -€870 | -7.1% |
| Furniture and vehicles | 24 | €12,254 | €5,436 | -€6,817 | -55.6% |
| Financial fixed assets | 28 | €2,538 | €2,538 | = | 0.0% |
| Current assets | 29/58 | €124,399 | €165,460 | +€41,061 | +33.0% |
| Amounts receivable within one year | 40/41 | €22,532 | - | -€22,532 | |
| Trade receivables | 40 | €17,951 | - | -€17,951 | |
| Other amounts receivable | 41 | €4,581 | - | -€4,581 | |
| Current investments | 50/53 | €46,023 | €53,386 | +€7,363 | +16.0% |
| Cash at bank and in hand | 54/58 | €53,695 | €109,862 | +€56,168 | +105% |
| Deferred charges and accrued income | 490/1 | €2,150 | €2,212 | +€63 | +2.9% |
| Total equity and liabilities | 10/49 | €151,528 | €184,902 | +€33,373 | +22.0% |
| Equity | 10/15 | €120,731 | €156,184 | +€35,453 | +29.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €106,471 | €88,018 | -€18,453 | -17.3% |
| Distributable reserves | 133 | €106,471 | €88,018 | -€18,453 | -17.3% |
| Profit (loss) carried forward | 14 | - | €53,906 | +€53,906 | |
| Amounts payable | 17/49 | €30,797 | €28,717 | -€2,080 | -6.8% |
| Amounts payable within one year | 42/48 | €30,797 | €28,717 | -€2,080 | -6.8% |
| Trade debts | 44 | €6,677 | €11,815 | +€5,138 | +77.0% |
| Suppliers | 440/4 | €6,677 | €11,815 | +€5,138 | +77.0% |
| Taxes, remuneration and social security | 45 | €16,033 | €8,659 | -€7,373 | -46.0% |
| Taxes | 450/3 | €13,871 | €8,659 | -€5,212 | -37.6% |
| Remuneration and social security | 454/9 | €2,162 | - | -€2,162 | |
| Other amounts payable | 47/48 | €8,088 | €8,243 | +€155 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,672 | €9,112 | -€1,559 | -14.6% |
| Other operating charges | 640/8 | €1,528 | €1,576 | +€47 | +3.1% |
| Non-recurring operating charges | 66A | €63 | €449 | +€386 | +613% |
| Gross operating margin | 9900 | €60,585 | €80,591 | +€20,006 | +33.0% |
| Operating profit (loss) | 9901 | €48,322 | €69,453 | +€21,132 | +43.7% |
| Financial income | 75/76B | €663 | €904 | +€241 | +36.4% |
| Recurring financial income | 75 | €663 | €904 | +€241 | +36.4% |
| Financial charges | 65/66B | €420 | €557 | +€137 | +32.6% |
| Recurring financial charges | 65 | €420 | €557 | +€137 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €48,565 | €69,801 | +€21,236 | +43.7% |
| Income taxes | 67/77 | €15,230 | €15,895 | +€665 | +4.4% |
| Profit (loss) for the period | 9904 | €33,335 | €53,906 | +€20,571 | +61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,335 | €53,906 | +€20,571 | +61.7% |
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 18 October 2026 via checked.be.