AXCE INVEST: what changed
Two financial 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.
AXCE INVEST
Largest movements
- Tangible fixed assets -€8,861
down €8,861 (-2.3%), from €384,612 to €375,751
- Cash -€4,759
down €4,759 (-43.5%), from €10,930 to €6,171
mainly Other debts (-€10,000) and Debts after one year (-€7,286)
- Other debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Debts after one year -€7,286
down €7,286 (-5.3%), from €136,917 to €129,631
of which Financial debts: -€7,286
- Purchases and services -€8,357
no longer reported in 2025 (was €8,357)
- Depreciation -€4,569
down €4,569 (-25.4%), from €17,999 to €13,430
- Gross operating margin -€2,954
down €2,954 (-14.2%), from €20,797 to €17,843
- Financial charges +€1,971
up €1,971 (+91.7%), from €2,150 to €4,121
- Other operating charges +€345
up €345 (+42.4%), from €813 to €1,157
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.
Derived cash bridge
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 | €395,908 | €381,922 | -€13,986 | -3.5% |
| Fixed assets | 21/28 | €384,612 | €375,751 | -€8,861 | -2.3% |
| Tangible fixed assets | 22/27 | €384,612 | €375,751 | -€8,861 | -2.3% |
| Land and buildings | 22 | €384,612 | €375,751 | -€8,861 | -2.3% |
| Current assets | 29/58 | €11,296 | €6,171 | -€5,125 | -45.4% |
| Amounts receivable within one year | 40/41 | €366 | €0 | -€366 | -100% |
| Trade receivables | 40 | €366 | €0 | -€366 | -100% |
| Cash at bank and in hand | 54/58 | €10,930 | €6,171 | -€4,759 | -43.5% |
| Total equity and liabilities | 10/49 | €395,908 | €381,922 | -€13,986 | -3.5% |
| Equity | 10/15 | €239,384 | €242,423 | +€3,039 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,784 | €23,823 | +€3,039 | +14.6% |
| Amounts payable | 17/49 | €156,524 | €139,499 | -€17,025 | -10.9% |
| Amounts payable after more than one year | 17 | €136,917 | €129,631 | -€7,286 | -5.3% |
| Financial debts | 170/4 | €134,517 | €127,231 | -€7,286 | -5.4% |
| Other amounts payable | 178/9 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,607 | €9,868 | -€9,739 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €9,279 | €8,255 | -€1,024 | -11.0% |
| Trade debts | 44 | €328 | €1,613 | +€1,285 | +391% |
| Suppliers | 440/4 | €328 | €1,613 | +€1,285 | +391% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100% |
| Non-recurring operating income | 76A | €234 | €0 | -€234 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,357 | - | -€8,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,999 | €13,430 | -€4,569 | -25.4% |
| Other operating charges | 640/8 | €813 | €1,157 | +€345 | +42.4% |
| Non-recurring operating charges | 66A | €851 | €0 | -€851 | -100% |
| Gross operating margin | 9900 | €20,797 | €17,843 | -€2,954 | -14.2% |
| Operating profit (loss) | 9901 | €1,135 | €3,256 | +€2,121 | +187% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,150 | €4,121 | +€1,971 | +91.7% |
| Recurring financial charges | 65 | €2,150 | €4,121 | +€1,971 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,015 | -€865 | +€150 | +14.8% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€1,015 | -€865 | +€150 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,015 | -€865 | +€150 | +14.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.