AxaMi: 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.
AxaMi
Largest movements
- Intangible fixed assets -€85,000
down €85,000 (-10.0%), from €850,000 to €765,000
- Receivables within one year +€9,137
up €9,137 (+88.4%), from €10,334 to €19,471
of which Trade receivables: +€10,368
- Debts after one year -€88,440
down €88,440 (-10.4%), from €850,000 to €761,560
of which Other amounts payable: -€850,000
- Short-term financial debts +€75,000
new in 2025: €75,000
- Profit (loss) carried forward -€72,990
new in 2025: -€72,990
- Trade debts +€11,272
new in 2025: €11,272
- Depreciation +€85,000
new in 2025: €85,000
- Staff costs +€16,989
up €16,989 (+10.7%), from €158,713 to €175,702
- Gross operating margin +€15,420
up €15,420 (+9.3%), from €166,638 to €182,058
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 | €872,732 | €800,107 | -€72,625 | -8.3% |
| Fixed assets | 21/28 | €850,000 | €765,000 | -€85,000 | -10.0% |
| Intangible fixed assets | 21 | €850,000 | €765,000 | -€85,000 | -10.0% |
| Current assets | 29/58 | €22,732 | €35,107 | +€12,375 | +54.4% |
| Stocks and contracts in progress | 3 | €9,720 | €12,155 | +€2,435 | +25.1% |
| Stocks | 30/36 | €9,720 | €12,155 | +€2,435 | +25.1% |
| Amounts receivable within one year | 40/41 | €10,334 | €19,471 | +€9,137 | +88.4% |
| Trade receivables | 40 | €9,103 | €19,471 | +€10,368 | +113.9% |
| Other amounts receivable | 41 | €1,231 | - | -€1,231 | |
| Cash at bank and in hand | 54/58 | €2,679 | €2,235 | -€443 | -16.5% |
| Deferred charges and accrued income | 490/1 | - | €1,245 | +€1,245 | |
| Total equity and liabilities | 10/49 | €872,732 | €800,107 | -€72,625 | -8.3% |
| Equity | 10/15 | €6,730 | -€71,990 | -€78,719 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,730 | - | -€5,730 | |
| Distributable reserves | 133 | €5,730 | - | -€5,730 | |
| Profit (loss) carried forward | 14 | - | -€72,990 | -€72,990 | |
| Amounts payable | 17/49 | €866,002 | €872,097 | +€6,094 | +0.7% |
| Amounts payable after more than one year | 17 | €850,000 | €761,560 | -€88,440 | -10.4% |
| Financial debts | 170/4 | - | €761,560 | +€761,560 | |
| Other amounts payable | 178/9 | €850,000 | - | -€850,000 | |
| Amounts payable within one year | 42/48 | €16,002 | €110,536 | +€94,534 | +590.8% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | - | €11,272 | +€11,272 | |
| Suppliers | 440/4 | - | €11,272 | +€11,272 | |
| Taxes, remuneration and social security | 45 | €16,002 | €24,264 | +€8,262 | +51.6% |
| Taxes | 450/3 | €6,516 | €8,146 | +€1,630 | +25.0% |
| Remuneration and social security | 454/9 | €9,487 | €16,119 | +€6,632 | +69.9% |
| Remuneration, social security and pensions | 62 | €158,713 | €175,702 | +€16,989 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €85,000 | +€85,000 | |
| Other operating charges | 640/8 | €729 | - | -€729 | |
| Gross operating margin | 9900 | €166,638 | €182,058 | +€15,420 | +9.3% |
| Operating profit (loss) | 9901 | €7,195 | -€78,644 | -€85,840 | |
| Financial charges | 65/66B | €33 | €75 | +€42 | +128.8% |
| Recurring financial charges | 65 | €33 | €75 | +€42 | +128.8% |
| Profit (loss) for the period before taxes | 9903 | €7,162 | -€78,719 | -€85,882 | |
| Income taxes | 67/77 | €1,433 | - | -€1,433 | |
| Profit (loss) for the period | 9904 | €5,730 | -€78,719 | -€84,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,730 | -€78,719 | -€84,449 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.