Axa International: 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 International
Largest movements
- Receivables within one year -€331,610
down €331,610 (-36.9%), from €898,418 to €566,807
of which Trade receivables: -€233,292
- Cash +€32,817
up €32,817 (+32,370%), from €101 to €32,918
mainly Receivables within one year (+€331,610) and Depreciation (+€1,072)
- Trade debts -€144,603
down €144,603 (-99.7%), from €145,072 to €469
- Other debts -€128,927
no longer reported in 2025 (was €128,927)
- Accrued charges and deferred income -€10,409
no longer reported in 2025 (was €10,409)
- Reserves -€10,195
down €10,195 (-6.0%), from €169,386 to €159,191
of which Distributable reserves: -€10,195
- Staff costs -€116,808
no longer reported in 2025 (was €116,808)
- Gross operating margin -€63,456
down €63,456, from €57,738 to -€5,717
- Taxes +€43,063
no longer reported in 2025 (was -€43,063)
- Financial charges -€14,186
down €14,186 (-49.7%), from €28,564 to €14,378
- Financial income +€12,348
up €12,348 (+444,185%), from €3 to €12,351
of which Financial income: +€12,348
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 | €900,141 | €599,726 | -€300,415 | -33.4% |
| Fixed assets | 21/28 | €1,072 | - | -€1,072 | |
| Tangible fixed assets | 22/27 | €1,072 | - | -€1,072 | |
| Plant, machinery and equipment | 23 | €1,072 | - | -€1,072 | |
| Current assets | 29/58 | €899,068 | €599,726 | -€299,343 | -33.3% |
| Amounts receivable within one year | 40/41 | €898,418 | €566,807 | -€331,610 | -36.9% |
| Trade receivables | 40 | €233,292 | - | -€233,292 | |
| Other amounts receivable | 41 | €665,125 | €566,807 | -€98,318 | -14.8% |
| Cash at bank and in hand | 54/58 | €101 | €32,918 | +€32,817 | +32,370% |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €900,141 | €599,726 | -€300,415 | -33.4% |
| Equity | 10/15 | €609,452 | €599,257 | -€10,195 | -1.7% |
| Contributions | 10/11 | €440,066 | €440,066 | = | 0.0% |
| Capital | 10 | €440,066 | €440,066 | = | 0.0% |
| Issued capital | 100 | €440,066 | €440,066 | = | 0.0% |
| Reserves | 13 | €169,386 | €159,191 | -€10,195 | -6.0% |
| Non-distributable reserves | 130/1 | €44,007 | €44,007 | = | 0.0% |
| Legal reserve | 130 | €44,007 | €44,007 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,620 | €92,620 | = | 0.0% |
| Distributable reserves | 133 | €32,759 | €22,564 | -€10,195 | -31.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €290,689 | €469 | -€290,221 | -99.8% |
| Amounts payable within one year | 42/48 | €280,281 | €469 | -€279,812 | -99.8% |
| Trade debts | 44 | €145,072 | €469 | -€144,603 | -99.7% |
| Suppliers | 440/4 | €145,072 | €469 | -€144,603 | -99.7% |
| Taxes, remuneration and social security | 45 | €6,282 | - | -€6,282 | |
| Taxes | 450/3 | €336 | - | -€336 | |
| Remuneration and social security | 454/9 | €5,946 | - | -€5,946 | |
| Other amounts payable | 47/48 | €128,927 | - | -€128,927 | |
| Accrued charges and deferred income | 492/3 | €10,409 | - | -€10,409 | |
| Non-recurring operating income | 76A | €19,945 | - | -€19,945 | |
| Remuneration, social security and pensions | 62 | €116,808 | - | -€116,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,127 | €1,072 | -€5,054 | -82.5% |
| Other operating charges | 640/8 | €1,094 | €1,378 | +€284 | +26.0% |
| Non-recurring operating charges | 66A | €5,547 | - | -€5,547 | |
| Gross operating margin | 9900 | €57,738 | -€5,717 | -€63,456 | |
| Operating profit (loss) | 9901 | -€71,836 | -€8,168 | +€63,669 | +88.6% |
| Financial income | 75/76B | €3 | €12,351 | +€12,348 | +444,185% |
| Recurring financial income | 75 | €3 | €12,351 | +€12,348 | +444,185% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €28,564 | €14,378 | -€14,186 | -49.7% |
| Recurring financial charges | 65 | €28,564 | €14,378 | -€14,186 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€100,398 | -€10,195 | +€90,203 | +89.8% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | -€43,063 | - | +€43,063 | |
| Profit (loss) for the period | 9904 | -€57,335 | -€10,195 | +€47,140 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,335 | -€10,195 | +€47,140 | +82.2% |
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 23 October 2026 via checked.be.