AXBAX: 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.
AXBAX
Largest movements
- Cash +€43,568
up €43,568 (+53.9%), from €80,848 to €124,416
mainly Net result for the year (+€297,314) and Current investments (+€24,586)
- Receivables within one year +€31,673
up €31,673 (+108.4%), from €29,232 to €60,905
of which Other amounts receivable: +€29,824
- Current investments -€24,586
down €24,586 (-15.1%), from €162,408 to €137,822
- Profit (loss) carried forward +€147,314
up €147,314, from €0 to €147,314
- Tax, wage and social debts -€88,028
down €88,028 (-60.9%), from €144,449 to €56,420
of which Taxes: -€86,232
- Trade debts -€13,195
down €13,195 (-94.8%), from €13,919 to €724
- Taxes -€68,075
down €68,075, from €60,618 to -€7,457
- Gross operating margin +€31,695
up €31,695 (+11.3%), from €280,749 to €312,443
- Other operating charges -€14,740
down €14,740 (-93.1%), from €15,832 to €1,092
- Financial charges +€11,131
up €11,131, from €0 to €11,131
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 | €309,885 | €356,943 | +€47,057 | +15.2% |
| Fixed assets | 21/28 | €37,216 | €33,714 | -€3,502 | -9.4% |
| Tangible fixed assets | 22/27 | €37,216 | €33,714 | -€3,502 | -9.4% |
| Plant, machinery and equipment | 23 | - | €1,515 | +€1,515 | |
| Furniture and vehicles | 24 | €7,224 | €6,000 | -€1,224 | -16.9% |
| Other tangible fixed assets | 26 | €29,992 | €26,198 | -€3,794 | -12.6% |
| Current assets | 29/58 | €272,669 | €323,229 | +€50,559 | +18.5% |
| Amounts receivable within one year | 40/41 | €29,232 | €60,905 | +€31,673 | +108.4% |
| Trade receivables | 40 | €2,360 | €4,209 | +€1,849 | +78.3% |
| Other amounts receivable | 41 | €26,872 | €56,696 | +€29,824 | +111.0% |
| Current investments | 50/53 | €162,408 | €137,822 | -€24,586 | -15.1% |
| Cash at bank and in hand | 54/58 | €80,848 | €124,416 | +€43,568 | +53.9% |
| Deferred charges and accrued income | 490/1 | €181 | €85 | -€95 | -52.7% |
| Total equity and liabilities | 10/49 | €309,885 | €356,943 | +€47,057 | +15.2% |
| Equity | 10/15 | €20,051 | €167,364 | +€147,314 | +734.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,451 | €1,451 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,451 | €1,451 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,451 | €1,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €147,314 | +€147,314 | |
| Amounts payable | 17/49 | €289,835 | €189,578 | -€100,256 | -34.6% |
| Amounts payable within one year | 42/48 | €289,835 | €189,578 | -€100,256 | -34.6% |
| Financial debts | 43 | €1,533 | €0 | -€1,533 | -100.0% |
| Credit institutions | 430/8 | €1,533 | €0 | -€1,533 | -100.0% |
| Trade debts | 44 | €13,919 | €724 | -€13,195 | -94.8% |
| Suppliers | 440/4 | €13,919 | €724 | -€13,195 | -94.8% |
| Taxes, remuneration and social security | 45 | €144,449 | €56,420 | -€88,028 | -60.9% |
| Taxes | 450/3 | €142,652 | €56,420 | -€86,232 | -60.4% |
| Remuneration and social security | 454/9 | €1,797 | €0 | -€1,797 | -100.0% |
| Other amounts payable | 47/48 | €129,934 | €132,434 | +€2,500 | +1.9% |
| Remuneration, social security and pensions | 62 | - | €1,734 | +€1,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,193 | €8,855 | -€338 | -3.7% |
| Other operating charges | 640/8 | €15,832 | €1,092 | -€14,740 | -93.1% |
| Gross operating margin | 9900 | €280,749 | €312,443 | +€31,695 | +11.3% |
| Operating profit (loss) | 9901 | €255,723 | €300,762 | +€45,038 | +17.6% |
| Financial income | 75/76B | €2,392 | €226 | -€2,166 | -90.5% |
| Recurring financial income | 75 | €2,392 | €226 | -€2,166 | -90.5% |
| Financial charges | 65/66B | €0 | €11,131 | +€11,131 | |
| Recurring financial charges | 65 | €0 | €11,131 | +€11,131 | |
| Profit (loss) for the period before taxes | 9903 | €258,115 | €289,856 | +€31,741 | +12.3% |
| Income taxes | 67/77 | €60,618 | -€7,457 | -€68,075 | |
| Profit (loss) for the period | 9904 | €197,497 | €297,314 | +€99,816 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €197,497 | €297,314 | +€99,816 | +50.5% |
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.