AX-IMMO: 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.
AX-IMMO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€12,832
down €12,832 (-21.3%), from €60,267 to €47,435
of which Financial debts: -€10,824
- Other debts +€12,816
up €12,816 (+6.3%), from €203,712 to €216,528
- Gross operating margin +€9,517
up €9,517 (+94.6%), from -€10,059 to -€542
- Depreciation +€220
new in 2025: €220
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,292 | €122,072 | -€220 | -0.2% |
| Fixed assets | 21/28 | €122,292 | €122,072 | -€220 | -0.2% |
| Tangible fixed assets | 22/27 | €122,292 | €122,072 | -€220 | -0.2% |
| Land and buildings | 22 | €122,292 | €122,072 | -€220 | -0.2% |
| Total equity and liabilities | 10/49 | €122,292 | €122,072 | -€220 | -0.2% |
| Equity | 10/15 | -€151,953 | -€152,714 | -€762 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,153 | -€158,914 | -€762 | -0.5% |
| Amounts payable | 17/49 | €274,245 | €274,787 | +€542 | +0.2% |
| Amounts payable after more than one year | 17 | €60,267 | €47,435 | -€12,832 | -21.3% |
| Financial debts | 170/4 | €53,559 | €42,735 | -€10,824 | -20.2% |
| Other amounts payable | 178/9 | €6,708 | €4,700 | -€2,008 | -29.9% |
| Amounts payable within one year | 42/48 | €213,978 | €227,352 | +€13,374 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €10,266 | €10,824 | +€558 | +5.4% |
| Other amounts payable | 47/48 | €203,712 | €216,528 | +€12,816 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €220 | +€220 | |
| Gross operating margin | 9900 | -€10,059 | -€542 | +€9,517 | +94.6% |
| Operating profit (loss) | 9901 | -€10,059 | -€762 | +€9,297 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,059 | -€762 | +€9,297 | +92.4% |
| Profit (loss) for the period | 9904 | -€10,059 | -€762 | +€9,297 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,059 | -€762 | +€9,297 | +92.4% |
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 7 October 2026 via checked.be.