AXANA: 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.
AXANA
Largest movements
- Stocks and contracts -€1,513
down €1,513 (-5.6%), from €27,008 to €25,495
- Tangible fixed assets -€1,032
down €1,032 (-42.9%), from €2,407 to €1,375
- Cash +€579
up €579 (+24.8%), from €2,341 to €2,921
mainly Short-term financial debts (+€6,402) and Stocks and contracts (+€1,513)
- Receivables within one year +€428
up €428 (+6.3%), from €6,837 to €7,265
- Short-term financial debts +€6,402
new in 2025: €6,402
- Profit (loss) carried forward -€6,346
down €6,346 (-225.1%), from -€2,820 to -€9,166
- Trade debts -€955
down €955 (-98.1%), from €973 to €18
- Tax, wage and social debts -€638
down €638 (-32.5%), from €1,963 to €1,325
- Gross operating margin -€5,682
down €5,682 (-53.9%), from €10,550 to €4,868
- Write-downs +€671
up €671 (+15.5%), from €4,334 to €5,005
- Other operating charges -€511
down €511 (-10.5%), from €4,882 to €4,372
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 | €38,593 | €37,056 | -€1,537 | -4.0% |
| Fixed assets | 21/28 | €2,407 | €1,375 | -€1,032 | -42.9% |
| Tangible fixed assets | 22/27 | €2,407 | €1,375 | -€1,032 | -42.9% |
| Furniture and vehicles | 24 | €2,407 | €1,375 | -€1,032 | -42.9% |
| Current assets | 29/58 | €36,186 | €35,681 | -€506 | -1.4% |
| Stocks and contracts in progress | 3 | €27,008 | €25,495 | -€1,513 | -5.6% |
| Stocks | 30/36 | €27,008 | €25,495 | -€1,513 | -5.6% |
| Amounts receivable within one year | 40/41 | €6,837 | €7,265 | +€428 | +6.3% |
| Other amounts receivable | 41 | €6,837 | €7,265 | +€428 | +6.3% |
| Cash at bank and in hand | 54/58 | €2,341 | €2,921 | +€579 | +24.8% |
| Total equity and liabilities | 10/49 | €38,593 | €37,056 | -€1,537 | -4.0% |
| Equity | 10/15 | €35,657 | €29,311 | -€6,346 | -17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,877 | €19,877 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,018 | €18,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,820 | -€9,166 | -€6,346 | -225.1% |
| Amounts payable | 17/49 | €2,936 | €7,745 | +€4,809 | +163.8% |
| Amounts payable within one year | 42/48 | €2,936 | €7,745 | +€4,809 | +163.8% |
| Financial debts | 43 | - | €6,402 | +€6,402 | |
| Credit institutions | 430/8 | - | €6,402 | +€6,402 | |
| Trade debts | 44 | €973 | €18 | -€955 | -98.1% |
| Suppliers | 440/4 | €973 | €18 | -€955 | -98.1% |
| Taxes, remuneration and social security | 45 | €1,963 | €1,325 | -€638 | -32.5% |
| Taxes | 450/3 | €1,963 | €1,325 | -€638 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,032 | €1,032 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,334 | €5,005 | +€671 | +15.5% |
| Other operating charges | 640/8 | €4,882 | €4,372 | -€511 | -10.5% |
| Gross operating margin | 9900 | €10,550 | €4,868 | -€5,682 | -53.9% |
| Operating profit (loss) | 9901 | €302 | -€5,540 | -€5,843 | |
| Financial charges | 65/66B | €793 | €806 | +€12 | +1.5% |
| Recurring financial charges | 65 | €793 | €806 | +€12 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€491 | -€6,346 | -€5,855 | -1192.0% |
| Profit (loss) for the period | 9904 | -€491 | -€6,346 | -€5,855 | -1192.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€491 | -€6,346 | -€5,855 | -1192.0% |
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 7 October 2026 via checked.be.