AX OPTIC: 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 OPTIC
Largest movements
- Tangible fixed assets -€23,471
down €23,471 (-25.9%), from €90,727 to €67,256
of which Plant, machinery and equipment: -€20,305
- Stocks and contracts +€12,565
up €12,565 (+30.7%), from €40,966 to €53,531
- Cash -€10,585
down €10,585 (-27.0%), from €39,269 to €28,684
mainly Other debts (-€32,363) and Trade debts (-€22,200)
- Other debts -€32,363
down €32,363 (-84.3%), from €38,387 to €6,024
- Profit (loss) carried forward +€31,322
up €31,322 (+163.0%), from €19,217 to €50,540
- Trade debts -€22,200
down €22,200 (-23.0%), from €96,499 to €74,299
- Tax, wage and social debts +€8,134
up €8,134 (+90.2%), from €9,019 to €17,153
- Debts after one year -€5,962
down €5,962 (-30.8%), from €19,343 to €13,381
- Gross operating margin +€11,590
up €11,590 (+21.0%), from €55,276 to €66,867
- Taxes +€4,919
up €4,919 (+135.8%), from €3,624 to €8,543
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
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 | €193,149 | €172,359 | -€20,789 | -10.8% |
| Fixed assets | 21/28 | €92,127 | €68,656 | -€23,471 | -25.5% |
| Tangible fixed assets | 22/27 | €90,727 | €67,256 | -€23,471 | -25.9% |
| Plant, machinery and equipment | 23 | €80,252 | €59,947 | -€20,305 | -25.3% |
| Furniture and vehicles | 24 | €5,084 | €3,292 | -€1,792 | -35.2% |
| Other tangible fixed assets | 26 | €5,391 | €4,017 | -€1,374 | -25.5% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €101,022 | €103,703 | +€2,681 | +2.7% |
| Stocks and contracts in progress | 3 | €40,966 | €53,531 | +€12,565 | +30.7% |
| Stocks | 30/36 | €40,966 | €53,531 | +€12,565 | +30.7% |
| Amounts receivable within one year | 40/41 | €20,304 | €20,532 | +€229 | +1.1% |
| Trade receivables | 40 | €20,304 | €20,532 | +€229 | +1.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €39,269 | €28,684 | -€10,585 | -27.0% |
| Deferred charges and accrued income | 490/1 | €483 | €956 | +€472 | +97.7% |
| Total equity and liabilities | 10/49 | €193,149 | €172,359 | -€20,789 | -10.8% |
| Equity | 10/15 | €24,217 | €55,540 | +€31,322 | +129.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,217 | €50,540 | +€31,322 | +163.0% |
| Amounts payable | 17/49 | €168,931 | €116,819 | -€52,112 | -30.8% |
| Amounts payable after more than one year | 17 | €19,343 | €13,381 | -€5,962 | -30.8% |
| Financial debts | 170/4 | €19,343 | €13,381 | -€5,962 | -30.8% |
| Amounts payable within one year | 42/48 | €149,588 | €103,438 | -€46,150 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €5,682 | €5,962 | +€280 | +4.9% |
| Trade debts | 44 | €96,499 | €74,299 | -€22,200 | -23.0% |
| Suppliers | 440/4 | €96,499 | €74,299 | -€22,200 | -23.0% |
| Taxes, remuneration and social security | 45 | €9,019 | €17,153 | +€8,134 | +90.2% |
| Taxes | 450/3 | €9,019 | €17,153 | +€8,134 | +90.2% |
| Other amounts payable | 47/48 | €38,387 | €6,024 | -€32,363 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,449 | €23,471 | +€21 | +0.1% |
| Other operating charges | 640/8 | €673 | €399 | -€274 | -40.7% |
| Gross operating margin | 9900 | €55,276 | €66,867 | +€11,590 | +21.0% |
| Operating profit (loss) | 9901 | €31,154 | €42,997 | +€11,843 | +38.0% |
| Financial income | 75/76B | €1,051 | €1,069 | +€18 | +1.7% |
| Recurring financial income | 75 | €1,051 | €1,069 | +€18 | +1.7% |
| Financial charges | 65/66B | €4,782 | €4,201 | -€581 | -12.2% |
| Recurring financial charges | 65 | €4,782 | €4,201 | -€581 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €27,424 | €39,866 | +€12,442 | +45.4% |
| Income taxes | 67/77 | €3,624 | €8,543 | +€4,919 | +135.8% |
| Profit (loss) for the period | 9904 | €23,800 | €31,322 | +€7,523 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,800 | €31,322 | +€7,523 | +31.6% |
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 6 October 2026 via checked.be.