AX-Nostic: 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-Nostic
Largest movements
- Current investments -€26,611
down €26,611 (-48.6%), from €54,708 to €28,097
- Cash -€7,078
down €7,078 (-13.2%), from €53,802 to €46,725
mainly Contributions, distributions and other (-€105,089) and Investment in fixed assets (net) (-€6,889)
- Reserves -€86,455
down €86,455 (-71.6%), from €120,678 to €34,223
of which Distributable reserves: -€86,455
- Trade debts +€25,928
up €25,928, from €0 to €25,928
- Other debts +€10,047
up €10,047 (+33.7%), from €29,780 to €39,827
- Tax, wage and social debts +€9,506
up €9,506 (+112%), from €8,472 to €17,979
of which Taxes: +€7,506
- Accrued charges and deferred income +€7,854
up €7,854 (+868%), from €905 to €8,759
- Financial charges +€9,518
up €9,518 (+1,386%), from €687 to €10,205
- Gross operating margin -€4,342
down €4,342 (-8.9%), from €48,628 to €44,286
- Taxes -€3,582
down €3,582 (-33.6%), from €10,666 to €7,084
- Depreciation +€1,802
up €1,802 (+30.3%), from €5,943 to €7,744
- Financial income -€644
down €644 (-93.3%), from €691 to €46
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 | €162,940 | €128,441 | -€34,499 | -21.2% |
| Fixed assets | 21/28 | €19,135 | €18,280 | -€855 | -4.5% |
| Tangible fixed assets | 22/27 | €19,135 | €18,280 | -€855 | -4.5% |
| Plant, machinery and equipment | 23 | €1,266 | €423 | -€843 | -66.6% |
| Furniture and vehicles | 24 | €2,760 | €802 | -€1,958 | -71.0% |
| Other tangible fixed assets | 26 | €15,108 | €17,055 | +€1,947 | +12.9% |
| Current assets | 29/58 | €143,805 | €110,161 | -€33,644 | -23.4% |
| Amounts receivable within one year | 40/41 | €34,586 | €34,886 | +€300 | +0.9% |
| Trade receivables | 40 | €14,823 | €34,886 | +€20,063 | +135% |
| Other amounts receivable | 41 | €19,763 | €0 | -€19,763 | -100% |
| Current investments | 50/53 | €54,708 | €28,097 | -€26,611 | -48.6% |
| Cash at bank and in hand | 54/58 | €53,802 | €46,725 | -€7,078 | -13.2% |
| Deferred charges and accrued income | 490/1 | €709 | €454 | -€255 | -36.0% |
| Total equity and liabilities | 10/49 | €162,940 | €128,441 | -€34,499 | -21.2% |
| Equity | 10/15 | €121,678 | €35,223 | -€86,455 | -71.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €120,678 | €34,223 | -€86,455 | -71.6% |
| Tax-exempt reserves | 132 | €190 | €190 | = | 0.0% |
| Distributable reserves | 133 | €120,489 | €34,034 | -€86,455 | -71.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,262 | €93,218 | +€51,956 | +126% |
| Amounts payable after more than one year | 17 | €726 | €0 | -€726 | -100% |
| Financial debts | 170/4 | €726 | €0 | -€726 | -100% |
| Amounts payable within one year | 42/48 | €39,631 | €84,459 | +€44,828 | +113% |
| Current portion of amounts payable after more than one year | 42 | €1,378 | €726 | -€653 | -47.4% |
| Trade debts | 44 | €0 | €25,928 | +€25,928 | |
| Suppliers | 440/4 | €0 | €25,928 | +€25,928 | |
| Taxes, remuneration and social security | 45 | €8,472 | €17,979 | +€9,506 | +112% |
| Taxes | 450/3 | €8,472 | €15,979 | +€7,506 | +88.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €29,780 | €39,827 | +€10,047 | +33.7% |
| Accrued charges and deferred income | 492/3 | €905 | €8,759 | +€7,854 | +868% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,943 | €7,744 | +€1,802 | +30.3% |
| Other operating charges | 640/8 | €904 | €666 | -€238 | -26.3% |
| Gross operating margin | 9900 | €48,628 | €44,286 | -€4,342 | -8.9% |
| Operating profit (loss) | 9901 | €41,782 | €35,876 | -€5,906 | -14.1% |
| Financial income | 75/76B | €691 | €46 | -€644 | -93.3% |
| Recurring financial income | 75 | €691 | €46 | -€644 | -93.3% |
| Financial charges | 65/66B | €687 | €10,205 | +€9,518 | +1,386% |
| Recurring financial charges | 65 | €687 | €10,205 | +€9,518 | +1,386% |
| Profit (loss) for the period before taxes | 9903 | €41,785 | €25,718 | -€16,068 | -38.5% |
| Income taxes | 67/77 | €10,666 | €7,084 | -€3,582 | -33.6% |
| Profit (loss) for the period | 9904 | €31,120 | €18,634 | -€12,486 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,120 | €18,634 | -€12,486 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.