AX-IMMO PARTNERS: 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-IMMO PARTNERS
Largest movements
- Tangible fixed assets -€10,365
down €10,365 (-12.5%), from €82,920 to €72,555
- Cash +€3,188
up €3,188 (+41.3%), from €7,711 to €10,899
mainly Depreciation (+€10,365) and Net result for the year (+€675)
- Debts after one year -€5,974
down €5,974 (-12.5%), from €47,754 to €41,780
- Provisions -€1,666
down €1,666 (-12.5%), from €13,331 to €11,665
- Taxes +€401
up €401 (+513%), from €78 to €479
- Financial charges -€218
down €218 (-9.8%), from €2,235 to €2,016
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 | €113,941 | €107,344 | -€6,597 | -5.8% |
| Fixed assets | 21/28 | €82,920 | €72,555 | -€10,365 | -12.5% |
| Tangible fixed assets | 22/27 | €82,920 | €72,555 | -€10,365 | -12.5% |
| Land and buildings | 22 | €82,920 | €72,555 | -€10,365 | -12.5% |
| Current assets | 29/58 | €31,021 | €34,789 | +€3,768 | +12.1% |
| Amounts receivable within one year | 40/41 | €22,520 | €23,100 | +€580 | +2.6% |
| Trade receivables | 40 | €581 | €581 | = | 0.0% |
| Other amounts receivable | 41 | €21,939 | €22,519 | +€580 | +2.6% |
| Cash at bank and in hand | 54/58 | €7,711 | €10,899 | +€3,188 | +41.3% |
| Deferred charges and accrued income | 490/1 | €790 | €790 | = | 0.0% |
| Total equity and liabilities | 10/49 | €113,941 | €107,344 | -€6,597 | -5.8% |
| Equity | 10/15 | €44,578 | €45,253 | +€675 | +1.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €38,381 | €39,056 | +€675 | +1.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,947 | €27,078 | -€3,868 | -12.5% |
| Distributable reserves | 133 | €5,575 | €10,118 | +€4,544 | +81.5% |
| Provisions and deferred taxes | 16 | €13,331 | €11,665 | -€1,666 | -12.5% |
| Deferred taxes | 168 | €13,331 | €11,665 | -€1,666 | -12.5% |
| Amounts payable | 17/49 | €56,032 | €50,426 | -€5,605 | -10.0% |
| Amounts payable after more than one year | 17 | €47,754 | €41,780 | -€5,974 | -12.5% |
| Financial debts | 170/4 | €47,754 | €41,780 | -€5,974 | -12.5% |
| Amounts payable within one year | 42/48 | €8,278 | €8,646 | +€369 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €5,747 | €5,974 | +€227 | +3.9% |
| Trade debts | 44 | €1,271 | €1,343 | +€73 | +5.7% |
| Suppliers | 440/4 | €1,271 | €1,343 | +€73 | +5.7% |
| Taxes, remuneration and social security | 45 | €225 | €214 | -€11 | -4.9% |
| Taxes | 450/3 | €225 | €214 | -€11 | -4.9% |
| Other amounts payable | 47/48 | €1,035 | €1,115 | +€80 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,365 | €10,365 | = | 0.0% |
| Other operating charges | 640/8 | €1,496 | €1,532 | +€36 | +2.4% |
| Gross operating margin | 9900 | €13,432 | €13,401 | -€31 | -0.2% |
| Operating profit (loss) | 9901 | €1,571 | €1,504 | -€67 | -4.2% |
| Financial charges | 65/66B | €2,235 | €2,016 | -€218 | -9.8% |
| Recurring financial charges | 65 | €2,235 | €2,016 | -€218 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€664 | -€512 | +€152 | +22.9% |
| Transfer from deferred taxes | 780 | €1,666 | €1,666 | = | 0.0% |
| Income taxes | 67/77 | €78 | €479 | +€401 | +513% |
| Profit (loss) for the period | 9904 | €925 | €675 | -€249 | -27.0% |
| Transfer from tax-exempt reserves | 789 | €3,868 | €3,868 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,793 | €4,544 | -€249 | -5.2% |
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 31 October 2026 via checked.be.