AXA B: 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.
AXA B
Largest movements
- Receivables within one year +€82,621
up €82,621 (+100.4%), from €82,310 to €164,931
of which Other amounts receivable: +€50,899
- Tangible fixed assets -€26,640
down €26,640 (-56.2%), from €47,436 to €20,796
of which Furniture and vehicles: -€26,760
- Deferred charges and accrued income +€22,000
up €22,000 (+88.0%), from €25,000 to €47,000
- Cash -€11,618
down €11,618 (-99.7%), from €11,658 to €40
mainly Receivables within one year (-€82,621) and Other debts (-€25,189)
- Stocks and contracts -€3,375
down €3,375 (-10.4%), from €32,325 to €28,950
of which Contracts in progress: -€27,500
- Trade debts +€86,553
up €86,553 (+85.9%), from €100,745 to €187,298
- Other debts -€25,189
no longer reported in 2025 (was €25,189)
- Profit (loss) carried forward +€19,916
up €19,916 (+72.2%), from €27,570 to €47,486
- Current portion of long-term debt -€16,508
no longer reported in 2025 (was €16,508)
- Tax, wage and social debts -€6,784
down €6,784 (-58.8%), from €11,547 to €4,763
- Gross operating margin -€28,725
down €28,725 (-31.0%), from €92,750 to €64,025
- Staff costs +€5,876
new in 2025: €5,876
- Taxes +€4,263
new in 2025: €4,263
- Financial charges -€2,287
down €2,287 (-57.9%), from €3,948 to €1,661
- Financial income -€2,214
down €2,214 (-85.0%), from €2,606 to €392
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 | €198,729 | €261,717 | +€62,988 | +31.7% |
| Fixed assets | 21/28 | €47,436 | €20,796 | -€26,640 | -56.2% |
| Tangible fixed assets | 22/27 | €47,436 | €20,796 | -€26,640 | -56.2% |
| Plant, machinery and equipment | 23 | €6,592 | €6,712 | +€120 | +1.8% |
| Furniture and vehicles | 24 | €40,844 | €14,084 | -€26,760 | -65.5% |
| Current assets | 29/58 | €151,293 | €240,921 | +€89,628 | +59.2% |
| Stocks and contracts in progress | 3 | €32,325 | €28,950 | -€3,375 | -10.4% |
| Stocks | 30/36 | €4,825 | €28,950 | +€24,125 | +500.0% |
| Contracts in progress | 37 | €27,500 | - | -€27,500 | |
| Amounts receivable within one year | 40/41 | €82,310 | €164,931 | +€82,621 | +100.4% |
| Trade receivables | 40 | €69,846 | €101,568 | +€31,722 | +45.4% |
| Other amounts receivable | 41 | €12,464 | €63,363 | +€50,899 | +408.4% |
| Cash at bank and in hand | 54/58 | €11,658 | €40 | -€11,618 | -99.7% |
| Deferred charges and accrued income | 490/1 | €25,000 | €47,000 | +€22,000 | +88.0% |
| Total equity and liabilities | 10/49 | €198,729 | €261,717 | +€62,988 | +31.7% |
| Equity | 10/15 | €33,770 | €53,686 | +€19,916 | +59.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,570 | €47,486 | +€19,916 | +72.2% |
| Amounts payable | 17/49 | €164,959 | €208,031 | +€43,072 | +26.1% |
| Amounts payable after more than one year | 17 | €10,970 | €10,970 | = | 0.0% |
| Financial debts | 170/4 | €10,970 | €10,970 | = | 0.0% |
| Amounts payable within one year | 42/48 | €153,989 | €197,061 | +€43,072 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €16,508 | - | -€16,508 | |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €100,745 | €187,298 | +€86,553 | +85.9% |
| Suppliers | 440/4 | €100,745 | €187,298 | +€86,553 | +85.9% |
| Taxes, remuneration and social security | 45 | €11,547 | €4,763 | -€6,784 | -58.8% |
| Taxes | 450/3 | €11,547 | €4,763 | -€6,784 | -58.8% |
| Other amounts payable | 47/48 | €25,189 | - | -€25,189 | |
| Remuneration, social security and pensions | 62 | - | €5,876 | +€5,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,431 | €29,483 | -€948 | -3.1% |
| Other operating charges | 640/8 | €1,136 | €3,218 | +€2,082 | +183.3% |
| Gross operating margin | 9900 | €92,750 | €64,025 | -€28,725 | -31.0% |
| Operating profit (loss) | 9901 | €61,183 | €25,448 | -€35,735 | -58.4% |
| Financial income | 75/76B | €2,606 | €392 | -€2,214 | -85.0% |
| Recurring financial income | 75 | €2,606 | €392 | -€2,214 | -85.0% |
| Financial charges | 65/66B | €3,948 | €1,661 | -€2,287 | -57.9% |
| Recurring financial charges | 65 | €3,948 | €1,661 | -€2,287 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €59,841 | €24,179 | -€35,662 | -59.6% |
| Income taxes | 67/77 | - | €4,263 | +€4,263 | |
| Profit (loss) for the period | 9904 | €59,841 | €19,916 | -€39,925 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,841 | €19,916 | -€39,925 | -66.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.