AX CONCEPT IMMO: 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.
AX CONCEPT IMMO
Largest movements
- Tangible fixed assets +€12,832
up €12,832 (+221%), from €5,799 to €18,631
of which Furniture and vehicles: +€9,244
- Receivables after one year -€7,900
down €7,900 (-3.9%), from €205,000 to €197,100
- Cash -€6,333
down €6,333 (-52.2%), from €12,124 to €5,791
mainly Advances received (-€27,884) and Investment in fixed assets (net) (-€20,231)
- Receivables within one year -€4,402
down €4,402 (-8.4%), from €52,158 to €47,756
of which Trade receivables: -€4,402
- Advances received -€27,884
no longer reported in 2025 (was €27,884)
- Other debts +€25,000
new in 2025: €25,000
- Profit (loss) carried forward +€16,655
up €16,655 (+14.3%), from €116,203 to €132,858
- Debts after one year -€12,738
down €12,738 (-24.8%), from €51,337 to €38,599
- Tax, wage and social debts -€6,820
down €6,820 (-21.4%), from €31,837 to €25,017
- Gross operating margin +€29,784
up €29,784 (+139%), from €21,435 to €51,219
- Other operating charges +€4,626
up €4,626 (+102%), from €4,527 to €9,153
- Depreciation +€3,911
up €3,911 (+112%), from €3,488 to €7,399
- Financial charges +€3,733
up €3,733 (+164%), from €2,274 to €6,007
- Taxes -€1,925
down €1,925 (-13.8%), from €13,930 to €12,005
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 | €275,081 | €269,278 | -€5,803 | -2.1% |
| Fixed assets | 21/28 | €5,799 | €18,631 | +€12,832 | +221% |
| Tangible fixed assets | 22/27 | €5,799 | €18,631 | +€12,832 | +221% |
| Plant, machinery and equipment | 23 | €1,775 | €1,210 | -€565 | -31.8% |
| Furniture and vehicles | 24 | €2,288 | €11,532 | +€9,244 | +404% |
| Other tangible fixed assets | 26 | €1,736 | €5,889 | +€4,153 | +239% |
| Current assets | 29/58 | €269,282 | €250,647 | -€18,635 | -6.9% |
| Amounts receivable after more than one year | 29 | €205,000 | €197,100 | -€7,900 | -3.9% |
| Other amounts receivable | 291 | €205,000 | €197,100 | -€7,900 | -3.9% |
| Amounts receivable within one year | 40/41 | €52,158 | €47,756 | -€4,402 | -8.4% |
| Trade receivables | 40 | €42,478 | €38,076 | -€4,402 | -10.4% |
| Other amounts receivable | 41 | €9,680 | €9,680 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,124 | €5,791 | -€6,333 | -52.2% |
| Total equity and liabilities | 10/49 | €275,081 | €269,278 | -€5,803 | -2.1% |
| Equity | 10/15 | €134,803 | €151,458 | +€16,655 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,203 | €132,858 | +€16,655 | +14.3% |
| Amounts payable | 17/49 | €140,278 | €117,820 | -€22,458 | -16.0% |
| Amounts payable after more than one year | 17 | €51,337 | €38,599 | -€12,738 | -24.8% |
| Financial debts | 170/4 | €51,337 | €38,599 | -€12,738 | -24.8% |
| Amounts payable within one year | 42/48 | €88,941 | €79,221 | -€9,720 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €11,696 | €12,737 | +€1,041 | +8.9% |
| Financial debts | 43 | €2,230 | €2,517 | +€287 | +12.9% |
| Credit institutions | 430/8 | €2,230 | €2,517 | +€287 | +12.9% |
| Trade debts | 44 | €15,294 | €13,950 | -€1,344 | -8.8% |
| Suppliers | 440/4 | €15,294 | €12,944 | -€2,350 | -15.4% |
| Bills of exchange payable | 441 | - | €1,006 | +€1,006 | |
| Advances received on contracts in progress | 46 | €27,884 | - | -€27,884 | |
| Taxes, remuneration and social security | 45 | €31,837 | €25,017 | -€6,820 | -21.4% |
| Taxes | 450/3 | €31,837 | €25,017 | -€6,820 | -21.4% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,488 | €7,399 | +€3,911 | +112% |
| Other operating charges | 640/8 | €4,527 | €9,153 | +€4,626 | +102% |
| Gross operating margin | 9900 | €21,435 | €51,219 | +€29,784 | +139% |
| Operating profit (loss) | 9901 | €13,420 | €34,667 | +€21,247 | +158% |
| Financial charges | 65/66B | €2,274 | €6,007 | +€3,733 | +164% |
| Recurring financial charges | 65 | €2,274 | €6,007 | +€3,733 | +164% |
| Profit (loss) for the period before taxes | 9903 | €11,146 | €28,660 | +€17,514 | +157% |
| Income taxes | 67/77 | €13,930 | €12,005 | -€1,925 | -13.8% |
| Profit (loss) for the period | 9904 | -€2,784 | €16,655 | +€19,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,784 | €16,655 | +€19,439 |
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.