AXCI: 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.
AXCI
Largest movements
- Cash -€120,662
down €120,662 (-42.0%), from €287,187 to €166,525
mainly Contributions, distributions and other (-€225,000) and Other debts (-€105,000)
- Receivables within one year +€15,069
up €15,069 (+24.5%), from €61,625 to €76,694
of which Other amounts receivable: +€37,656
- Other debts -€105,000
down €105,000 (-31.8%), from €330,000 to €225,000
- Tax, wage and social debts -€5,161
down €5,161 (-25.3%), from €20,361 to €15,200
- Reserves +€4,227
up €4,227 (+238%), from €1,773 to €6,000
- Gross operating margin +€71,522
up €71,522 (+30.1%), from €237,470 to €308,992
- Taxes +€17,822
up €17,822 (+32.4%), from €55,025 to €72,847
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 | €354,941 | €248,915 | -€106,026 | -29.9% |
| Fixed assets | 21/28 | €1,276 | €2,298 | +€1,022 | +80.1% |
| Tangible fixed assets | 22/27 | €1,276 | €2,298 | +€1,022 | +80.1% |
| Plant, machinery and equipment | 23 | €919 | €712 | -€207 | -22.5% |
| Furniture and vehicles | 24 | €357 | €1,586 | +€1,229 | +344% |
| Current assets | 29/58 | €353,666 | €246,617 | -€107,048 | -30.3% |
| Amounts receivable within one year | 40/41 | €61,625 | €76,694 | +€15,069 | +24.5% |
| Trade receivables | 40 | €45,779 | €23,192 | -€22,587 | -49.3% |
| Other amounts receivable | 41 | €15,846 | €53,502 | +€37,656 | +238% |
| Cash at bank and in hand | 54/58 | €287,187 | €166,525 | -€120,662 | -42.0% |
| Deferred charges and accrued income | 490/1 | €4,854 | €3,398 | -€1,455 | -30.0% |
| Total equity and liabilities | 10/49 | €354,941 | €248,915 | -€106,026 | -29.9% |
| Equity | 10/15 | €2,773 | €7,380 | +€4,607 | +166% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,773 | €6,000 | +€4,227 | +238% |
| Distributable reserves | 133 | €1,773 | €6,000 | +€4,227 | +238% |
| Profit (loss) carried forward | 14 | - | €380 | +€380 | |
| Amounts payable | 17/49 | €352,168 | €241,535 | -€110,633 | -31.4% |
| Amounts payable within one year | 42/48 | €351,878 | €241,236 | -€110,642 | -31.4% |
| Trade debts | 44 | €1,517 | €1,036 | -€480 | -31.7% |
| Suppliers | 440/4 | €1,517 | €1,036 | -€480 | -31.7% |
| Taxes, remuneration and social security | 45 | €20,361 | €15,200 | -€5,161 | -25.3% |
| Taxes | 450/3 | €20,361 | €15,200 | -€5,161 | -25.3% |
| Other amounts payable | 47/48 | €330,000 | €225,000 | -€105,000 | -31.8% |
| Accrued charges and deferred income | 492/3 | €290 | €299 | +€9 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €530 | +€198 | +59.7% |
| Other operating charges | 640/8 | €1,140 | €1,315 | +€175 | +15.4% |
| Gross operating margin | 9900 | €237,470 | €308,992 | +€71,522 | +30.1% |
| Operating profit (loss) | 9901 | €235,998 | €307,147 | +€71,149 | +30.1% |
| Financial income | 75/76B | €31 | €102 | +€70 | +225% |
| Recurring financial income | 75 | €31 | €102 | +€70 | +225% |
| Financial charges | 65/66B | €4,758 | €4,794 | +€36 | +0.8% |
| Recurring financial charges | 65 | €4,758 | €4,794 | +€36 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €231,271 | €302,454 | +€71,183 | +30.8% |
| Income taxes | 67/77 | €55,025 | €72,847 | +€17,822 | +32.4% |
| Profit (loss) for the period | 9904 | €176,246 | €229,607 | +€53,361 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €176,246 | €229,607 | +€53,361 | +30.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.