AXADE: 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.
AXADE
Largest movements
- Current investments +€290,000
up €290,000 (+7107843.1%), from €4 to €290,004
- Tangible fixed assets -€20,053
down €20,053 (-6.0%), from €335,868 to €315,815
- Cash +€17,091
up €17,091 (+43311.9%), from €39 to €17,130
mainly Net result for the year (+€319,522) and Depreciation (+€10,196)
- Profit (loss) carried forward +€251,697
up €251,697, from -€251,697 to €0
- Reserves +€67,825
up €67,825 (+150.4%), from €45,111 to €112,936
of which Distributable reserves: +€67,825
- Other debts -€34,775
down €34,775 (-6.5%), from €536,132 to €501,357
- Gross operating margin +€370,903
up €370,903 (+10329.0%), from €3,591 to €374,494
- Taxes +€41,993
new in 2025: €41,993
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 | €335,911 | €622,949 | +€287,038 | +85.5% |
| Fixed assets | 21/28 | €335,868 | €315,815 | -€20,053 | -6.0% |
| Tangible fixed assets | 22/27 | €335,868 | €315,815 | -€20,053 | -6.0% |
| Land and buildings | 22 | €335,868 | €315,815 | -€20,053 | -6.0% |
| Current assets | 29/58 | €44 | €307,134 | +€307,091 | +705307.5% |
| Current investments | 50/53 | €4 | €290,004 | +€290,000 | +7107843.1% |
| Cash at bank and in hand | 54/58 | €39 | €17,130 | +€17,091 | +43311.9% |
| Total equity and liabilities | 10/49 | €335,911 | €622,949 | +€287,038 | +85.5% |
| Equity | 10/15 | -€200,254 | €119,269 | +€319,522 | |
| Contributions | 10/11 | €6,333 | €6,333 | = | 0.0% |
| Reserves | 13 | €45,111 | €112,936 | +€67,825 | +150.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €43,211 | €111,036 | +€67,825 | +157.0% |
| Profit (loss) carried forward | 14 | -€251,697 | €0 | +€251,697 | |
| Amounts payable | 17/49 | €536,165 | €503,681 | -€32,485 | -6.1% |
| Amounts payable within one year | 42/48 | €536,165 | €503,681 | -€32,485 | -6.1% |
| Trade debts | 44 | €33 | €331 | +€298 | +898.2% |
| Suppliers | 440/4 | €33 | €331 | +€298 | +898.2% |
| Taxes, remuneration and social security | 45 | €0 | €1,993 | +€1,993 | |
| Taxes | 450/3 | - | €1,993 | +€1,993 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €536,132 | €501,357 | -€34,775 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,254 | €10,196 | -€59 | -0.6% |
| Other operating charges | 640/8 | €2,716 | €2,738 | +€22 | +0.8% |
| Gross operating margin | 9900 | €3,591 | €374,494 | +€370,903 | +10329.0% |
| Operating profit (loss) | 9901 | -€9,380 | €361,560 | +€370,940 | |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €365 | €45 | -€320 | -87.7% |
| Recurring financial charges | 65 | €365 | €45 | -€320 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,711 | €361,515 | +€371,226 | |
| Income taxes | 67/77 | - | €41,993 | +€41,993 | |
| Profit (loss) for the period | 9904 | -€9,711 | €319,522 | +€329,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,711 | €319,522 | +€329,233 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.