AXBE: 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.
AXBE
Largest movements
- Cash +€23,459
up €23,459 (+135.7%), from €17,290 to €40,749
mainly Net result for the year (+€32,742) and Depreciation (+€15,475)
- Receivables within one year +€12,467
up €12,467 (+218.7%), from €5,702 to €18,169
of which Trade receivables: +€12,457
- Tangible fixed assets +€8,392
up €8,392 (+27.3%), from €30,709 to €39,101
- Deferred charges and accrued income +€4,207
up €4,207 (+188.9%), from €2,227 to €6,434
- Reserves +€32,742
up €32,742 (+298.9%), from €10,956 to €43,697
- Other debts +€7,226
up €7,226 (+23.8%), from €30,388 to €37,614
- Current portion of long-term debt +€6,249
new in 2025: €6,249
- Debts after one year +€3,218
new in 2025: €3,218
- Tax, wage and social debts -€2,705
down €2,705 (-45.1%), from €5,998 to €3,293
of which Taxes: -€2,736
- Gross operating margin +€41,006
up €41,006 (+235.1%), from €17,444 to €58,450
- Depreciation +€12,183
up €12,183 (+370.2%), from €3,291 to €15,475
- Taxes +€6,108
up €6,108 (+204.3%), from €2,990 to €9,098
- Other operating charges +€594
up €594 (+322.9%), from €184 to €778
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 | €55,927 | €104,453 | +€48,525 | +86.8% |
| Fixed assets | 21/28 | €30,709 | €39,101 | +€8,392 | +27.3% |
| Tangible fixed assets | 22/27 | €30,709 | €39,101 | +€8,392 | +27.3% |
| Furniture and vehicles | 24 | €30,709 | €39,101 | +€8,392 | +27.3% |
| Current assets | 29/58 | €25,219 | €65,352 | +€40,133 | +159.1% |
| Amounts receivable within one year | 40/41 | €5,702 | €18,169 | +€12,467 | +218.7% |
| Trade receivables | 40 | €5,701 | €18,157 | +€12,457 | +218.5% |
| Other amounts receivable | 41 | €1 | €11 | +€11 | +1510.0% |
| Cash at bank and in hand | 54/58 | €17,290 | €40,749 | +€23,459 | +135.7% |
| Deferred charges and accrued income | 490/1 | €2,227 | €6,434 | +€4,207 | +188.9% |
| Total equity and liabilities | 10/49 | €55,927 | €104,453 | +€48,525 | +86.8% |
| Equity | 10/15 | €15,956 | €48,697 | +€32,742 | +205.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,956 | €43,697 | +€32,742 | +298.9% |
| Distributable reserves | 133 | €10,956 | €43,697 | +€32,742 | +298.9% |
| Amounts payable | 17/49 | €39,972 | €55,755 | +€15,784 | +39.5% |
| Amounts payable after more than one year | 17 | - | €3,218 | +€3,218 | |
| Financial debts | 170/4 | - | €3,218 | +€3,218 | |
| Amounts payable within one year | 42/48 | €39,972 | €52,538 | +€12,566 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,249 | +€6,249 | |
| Financial debts | 43 | €2,450 | €3,049 | +€599 | +24.5% |
| Credit institutions | 430/8 | €2,450 | €3,049 | +€599 | +24.5% |
| Trade debts | 44 | €1,136 | €2,332 | +€1,197 | +105.4% |
| Suppliers | 440/4 | €1,136 | €2,332 | +€1,197 | +105.4% |
| Taxes, remuneration and social security | 45 | €5,998 | €3,293 | -€2,705 | -45.1% |
| Taxes | 450/3 | €3,596 | €861 | -€2,736 | -76.1% |
| Remuneration and social security | 454/9 | €2,402 | €2,432 | +€31 | +1.3% |
| Other amounts payable | 47/48 | €30,388 | €37,614 | +€7,226 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,291 | €15,475 | +€12,183 | +370.2% |
| Other operating charges | 640/8 | €184 | €778 | +€594 | +322.9% |
| Gross operating margin | 9900 | €17,444 | €58,450 | +€41,006 | +235.1% |
| Operating profit (loss) | 9901 | €13,969 | €42,198 | +€28,229 | +202.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €23 | €368 | +€345 | +1488.0% |
| Recurring financial charges | 65 | €23 | €368 | +€345 | +1488.0% |
| Profit (loss) for the period before taxes | 9903 | €13,946 | €41,840 | +€27,894 | +200.0% |
| Income taxes | 67/77 | €2,990 | €9,098 | +€6,108 | +204.3% |
| Profit (loss) for the period | 9904 | €10,956 | €32,742 | +€21,786 | +198.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,956 | €32,742 | +€21,786 | +198.9% |
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.