AXCAM Management: what changed
What changed
AXCAM Management
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€246,952
2024 · €298,069-€51,117
Equity
€227,760
2024 · €553,366-€325,606
Cash
€168,013
2024 · €19,853+€148,160
Balance sheet total
€663,272
2024 · €589,897+€73,375
Largest movements
Assets
- Cash +€148,160
up €148,160 (+746%), from €19,853 to €168,013
mainly Other debts (+€396,763) and Net result for the year (+€246,952)
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€17,757
down €17,757 (-4.2%), from €420,244 to €402,488
of which Furniture and vehicles: -€15,163
Equity and liabilities
- Other debts +€396,763
up €396,763 (+8,097%), from €4,900 to €401,664
- Reserves -€325,606
down €325,606 (-60.9%), from €534,766 to €209,160
of which Distributable reserves: -€325,606
Income statement
- Gross operating margin -€71,232
down €71,232 (-16.4%), from €434,805 to €363,573
- Taxes -€25,640
down €25,640 (-25.8%), from €99,240 to €73,600
- Depreciation +€6,694
up €6,694 (+18.9%), from €35,348 to €42,043
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€298,069
Gross operating margin
-€71,232
Depreciation
-€6,694
Other operating charges
-€129
Financial income
+€1,133
Financial charges
+€166
Taxes
+€25,640
Result 2025
€246,952
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€745,004
Investment
-€24,286
Financing
-€572,558
Cash 2024
€19,853
From operations (derived)
+€745,004
Net result for the year
+€246,952
Depreciation
+€42,043
Receivables after one year
+€50,000
Receivables within one year
+€6,570
Smaller working-capital items
+€1,561
Trade debts
-€1,547
Tax, wage and social debts
+€2,661
Other debts
+€396,763
Investment (derived)
-€24,286
Investment in fixed assets (net)
-€24,286
Financing
-€572,558
Contributions, distributions and other
-€572,558
Cash 2025
€168,013
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,897 | €663,272 | +€73,375 | +12.4% |
| Fixed assets | 21/28 | €420,244 | €402,488 | -€17,757 | -4.2% |
| Tangible fixed assets | 22/27 | €420,244 | €402,488 | -€17,757 | -4.2% |
| Land and buildings | 22 | €298,816 | €287,300 | -€11,517 | -3.9% |
| Plant, machinery and equipment | 23 | €51,000 | €59,923 | +€8,923 | +17.5% |
| Furniture and vehicles | 24 | €70,428 | €55,265 | -€15,163 | -21.5% |
| Current assets | 29/58 | €169,653 | €260,784 | +€91,131 | +53.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Amounts receivable within one year | 40/41 | €99,341 | €92,771 | -€6,570 | -6.6% |
| Trade receivables | 40 | €61,710 | €70,855 | +€9,145 | +14.8% |
| Other amounts receivable | 41 | €37,631 | €21,916 | -€15,715 | -41.8% |
| Cash at bank and in hand | 54/58 | €19,853 | €168,013 | +€148,160 | +746% |
| Deferred charges and accrued income | 490/1 | €458 | €0 | -€458 | -100% |
| Total equity and liabilities | 10/49 | €589,897 | €663,272 | +€73,375 | +12.4% |
| Equity | 10/15 | €553,366 | €227,760 | -€325,606 | -58.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €534,766 | €209,160 | -€325,606 | -60.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €532,906 | €207,300 | -€325,606 | -61.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,531 | €435,512 | +€398,980 | +1,092% |
| Amounts payable within one year | 42/48 | €36,531 | €434,409 | +€397,878 | +1,089% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,793 | €2,246 | -€1,547 | -40.8% |
| Suppliers | 440/4 | €3,793 | €2,246 | -€1,547 | -40.8% |
| Taxes, remuneration and social security | 45 | €27,838 | €30,500 | +€2,661 | +9.6% |
| Taxes | 450/3 | €27,838 | €30,500 | +€2,661 | +9.6% |
| Other amounts payable | 47/48 | €4,900 | €401,664 | +€396,763 | +8,097% |
| Accrued charges and deferred income | 492/3 | - | €1,103 | +€1,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,348 | €42,043 | +€6,694 | +18.9% |
| Other operating charges | 640/8 | €1,575 | €1,703 | +€129 | +8.2% |
| Gross operating margin | 9900 | €434,805 | €363,573 | -€71,232 | -16.4% |
| Operating profit (loss) | 9901 | €397,882 | €319,827 | -€78,055 | -19.6% |
| Financial income | 75/76B | €1,941 | €3,073 | +€1,133 | +58.4% |
| Recurring financial income | 75 | €1,941 | €3,073 | +€1,133 | +58.4% |
| Financial charges | 65/66B | €2,514 | €2,349 | -€166 | -6.6% |
| Recurring financial charges | 65 | €2,514 | €2,349 | -€166 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €397,309 | €320,552 | -€76,757 | -19.3% |
| Income taxes | 67/77 | €99,240 | €73,600 | -€25,640 | -25.8% |
| Profit (loss) for the period | 9904 | €298,069 | €246,952 | -€51,117 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €298,069 | €246,952 | -€51,117 | -17.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.