axabio: 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.
axabio
Largest movements
- Receivables within one year +€661,939
up €661,939 (+516.6%), from €128,123 to €790,061
of which Other amounts receivable: +€489,574
- Intangible fixed assets +€437,302
up €437,302 (+145.2%), from €301,178 to €738,480
- Tangible fixed assets -€420,995
down €420,995 (-16.0%), from €2.6m to €2.2m
of which Plant, machinery and equipment: -€426,375
- Stocks and contracts +€183,465
up €183,465 (+585.0%), from €31,360 to €214,825
- Cash -€87,604
down €87,604 (-98.5%), from €88,972 to €1,368
mainly Net result for the year (-€2.4m) and Investment in fixed assets (net) (-€888,725)
- Profit (loss) carried forward -€2.4m
down €2.4m (-102.6%), from -€2.3m to -€4.7m
- Debts after one year +€2.1m
up €2.1m (+101.8%), from €2.1m to €4.2m
- Investment grants +€913,753
new in 2025: €913,753
- Tax, wage and social debts +€76,119
up €76,119 (+310.1%), from €24,546 to €100,666
of which Remuneration and social security: +€76,116
- Trade debts +€63,002
up €63,002 (+21.8%), from €288,437 to €351,439
- Staff costs +€499,922
up €499,922 (+78.7%), from €635,211 to €1.1m
- Goods and materials +€433,719
up €433,719 (+449.7%), from €96,450 to €530,169
of which Purchases: +€585,824
- Turnover +€339,732
up €339,732 (+762.4%), from €44,560 to €384,292
- Other operating income +€230,606
up €230,606 (+1205.3%), from €19,133 to €249,739
- Financial income +€228,301
up €228,301 (+59997.1%), from €381 to €228,682
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 | €3,194,469 | €3,979,432 | +€784,964 | +24.6% |
| Fixed assets | 21/28 | €2,939,757 | €2,956,064 | +€16,307 | +0.6% |
| Intangible fixed assets | 21 | €301,178 | €738,480 | +€437,302 | +145.2% |
| Tangible fixed assets | 22/27 | €2,638,579 | €2,217,584 | -€420,995 | -16.0% |
| Plant, machinery and equipment | 23 | €2,630,240 | €2,203,865 | -€426,375 | -16.2% |
| Furniture and vehicles | 24 | €8,339 | €13,719 | +€5,380 | +64.5% |
| Current assets | 29/58 | €254,712 | €1,023,368 | +€768,657 | +301.8% |
| Stocks and contracts in progress | 3 | €31,360 | €214,825 | +€183,465 | +585.0% |
| Stocks | 30/36 | €31,360 | €214,825 | +€183,465 | +585.0% |
| Raw materials and consumables | 30/31 | €31,360 | €214,825 | +€183,465 | +585.0% |
| Amounts receivable within one year | 40/41 | €128,123 | €790,061 | +€661,939 | +516.6% |
| Trade receivables | 40 | €35,200 | €207,564 | +€172,364 | +489.7% |
| Other amounts receivable | 41 | €92,923 | €582,498 | +€489,574 | +526.9% |
| Cash at bank and in hand | 54/58 | €88,972 | €1,368 | -€87,604 | -98.5% |
| Deferred charges and accrued income | 490/1 | €6,257 | €17,114 | +€10,857 | +173.5% |
| Total equity and liabilities | 10/49 | €3,194,469 | €3,979,432 | +€784,964 | +24.6% |
| Equity | 10/15 | €803,595 | -€652,510 | -€1.5m | |
| Contributions | 10/11 | €3,070,448 | €3,070,448 | = | 0.0% |
| Capital | 10 | €3,070,448 | €3,070,448 | = | 0.0% |
| Issued capital | 100 | €3,070,448 | €3,070,448 | = | 0.0% |
| Reserves | 13 | €43,946 | €43,946 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,820 | €21,820 | = | 0.0% |
| Legal reserve | 130 | €21,820 | €21,820 | = | 0.0% |
| Distributable reserves | 133 | €22,126 | €22,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,310,798 | -€4,680,656 | -€2.4m | -102.6% |
| Investment grants | 15 | - | €913,753 | +€913,753 | |
| Amounts payable | 17/49 | €2,390,874 | €4,631,942 | +€2.2m | +93.7% |
| Amounts payable after more than one year | 17 | €2,065,577 | €4,169,001 | +€2.1m | +101.8% |
| Financial debts | 170/4 | €2,065,577 | €4,169,001 | +€2.1m | +101.8% |
| Other loans | 174 | €2,065,577 | €4,169,001 | +€2.1m | +101.8% |
| Amounts payable within one year | 42/48 | €325,297 | €462,941 | +€137,644 | +42.3% |
| Financial debts | 43 | €10,024 | €10,836 | +€812 | +8.1% |
| Credit institutions | 430/8 | €10,024 | €10,836 | +€812 | +8.1% |
| Trade debts | 44 | €288,437 | €351,439 | +€63,002 | +21.8% |
| Suppliers | 440/4 | €288,437 | €351,439 | +€63,002 | +21.8% |
| Taxes, remuneration and social security | 45 | €24,546 | €100,666 | +€76,119 | +310.1% |
| Taxes | 450/3 | - | €3 | +€3 | |
| Remuneration and social security | 454/9 | €24,546 | €100,662 | +€76,116 | +310.1% |
| Other amounts payable | 47/48 | €2,290 | €0 | -€2,290 | -100.0% |
| Operating income | 70/76A | €323,175 | €1,355,534 | +€1.0m | +319.4% |
| Turnover | 70 | €44,560 | €384,292 | +€339,732 | +762.4% |
| Own construction capitalised | 72 | €257,474 | €555,957 | +€298,483 | +115.9% |
| Other operating income | 74 | €19,133 | €249,739 | +€230,606 | +1205.3% |
| Non-recurring operating income | 76A | €2,008 | €165,545 | +€163,537 | +8144.4% |
| Operating charges | 60/66A | €2,595,509 | €3,835,713 | +€1.2m | +47.8% |
| Goods for resale, raw materials and consumables | 60 | €96,450 | €530,169 | +€433,719 | +449.7% |
| Purchases | 600/8 | €127,810 | €713,635 | +€585,824 | +458.4% |
| Change in stocks: decrease (increase) | 609 | -€31,360 | -€183,465 | -€152,105 | -485.0% |
| Services and other goods | 61 | €1,135,422 | €1,296,935 | +€161,513 | +14.2% |
| Remuneration, social security and pensions | 62 | €635,211 | €1,135,134 | +€499,922 | +78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725,114 | €872,418 | +€147,304 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,175 | €0 | -€2,175 | -100.0% |
| Other operating charges | 640/8 | €1,137 | €1,057 | -€80 | -7.0% |
| Operating profit (loss) | 9901 | -€2,272,334 | -€2,480,179 | -€207,845 | -9.1% |
| Financial income | 75/76B | €381 | €228,682 | +€228,301 | +59997.1% |
| Recurring financial income | 75 | €381 | €228,682 | +€228,301 | +59997.1% |
| Other financial income | 752/9 | €381 | €228,682 | +€228,301 | +59997.1% |
| Financial charges | 65/66B | €38,845 | €118,360 | +€79,515 | +204.7% |
| Recurring financial charges | 65 | €38,845 | €118,360 | +€79,515 | +204.7% |
| Debt charges | 650 | €36,835 | €115,872 | +€79,037 | +214.6% |
| Other financial charges | 652/9 | €2,010 | €2,488 | +€478 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,310,798 | -€2,369,857 | -€59,059 | -2.6% |
| Profit (loss) for the period | 9904 | -€2,310,798 | -€2,369,857 | -€59,059 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,310,798 | -€2,369,857 | -€59,059 | -2.6% |
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 29 September 2026 via checked.be.