AXcite: 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.
AXcite
Largest movements
- Cash -€621,152
down €621,152 (-77.6%), from €800,318 to €179,166
mainly Receivables within one year (-€404,094) and Net result for the year (-€244,702)
- Receivables within one year +€404,094
up €404,094 (+133%), from €304,497 to €708,591
of which Other amounts receivable: +€535,674
- Deferred charges and accrued income -€27,225
down €27,225 (-80.7%), from €33,720 to €6,495
- Reserves -€173,432
down €173,432 (-21.2%), from €816,357 to €642,925
- Trade debts +€73,524
up €73,524 (+57.4%), from €128,134 to €201,658
- Profit (loss) carried forward -€71,270
down €71,270 (-100%), from €71,270 to €0
- Accrued charges and deferred income -€42,430
down €42,430 (-60.9%), from €69,647 to €27,217
- Tax, wage and social debts -€28,815
down €28,815 (-72.3%), from €39,882 to €11,067
of which Remuneration and social security: -€29,324
- Gross operating margin -€334,126
down €334,126 (-87.8%), from €380,572 to €46,446
- Staff costs -€116,261
down €116,261 (-31.1%), from €373,649 to €257,388
- Other operating charges +€20,306
up €20,306 (+563%), from €3,607 to €23,913
- Financial income -€5,889
down €5,889 (-87.2%), from €6,750 to €861
- Financial charges -€3,882
down €3,882 (-54.5%), from €7,123 to €3,240
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 | €1,151,478 | €901,508 | -€249,970 | -21.7% |
| Fixed assets | 21/28 | €12,943 | €7,255 | -€5,688 | -43.9% |
| Tangible fixed assets | 22/27 | €12,943 | €7,255 | -€5,688 | -43.9% |
| Furniture and vehicles | 24 | €6,582 | €2,624 | -€3,958 | -60.1% |
| Other tangible fixed assets | 26 | €6,361 | €4,631 | -€1,730 | -27.2% |
| Current assets | 29/58 | €1,138,535 | €894,253 | -€244,282 | -21.5% |
| Amounts receivable within one year | 40/41 | €304,497 | €708,591 | +€404,094 | +133% |
| Trade receivables | 40 | €278,914 | €147,334 | -€131,580 | -47.2% |
| Other amounts receivable | 41 | €25,583 | €561,257 | +€535,674 | +2,094% |
| Cash at bank and in hand | 54/58 | €800,318 | €179,166 | -€621,152 | -77.6% |
| Deferred charges and accrued income | 490/1 | €33,720 | €6,495 | -€27,225 | -80.7% |
| Total equity and liabilities | 10/49 | €1,151,478 | €901,508 | -€249,970 | -21.7% |
| Equity | 10/15 | €906,227 | €661,525 | -€244,702 | -27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €816,357 | €642,925 | -€173,432 | -21.2% |
| Distributable reserves | 133 | €816,357 | €642,925 | -€173,432 | -21.2% |
| Profit (loss) carried forward | 14 | €71,270 | €0 | -€71,270 | -100% |
| Amounts payable | 17/49 | €245,251 | €239,983 | -€5,269 | -2.1% |
| Amounts payable within one year | 42/48 | €175,604 | €212,765 | +€37,161 | +21.2% |
| Financial debts | 43 | €132 | €0 | -€132 | -100% |
| Credit institutions | 430/8 | €132 | €0 | -€132 | -100% |
| Trade debts | 44 | €128,134 | €201,658 | +€73,524 | +57.4% |
| Suppliers | 440/4 | €128,134 | €201,658 | +€73,524 | +57.4% |
| Taxes, remuneration and social security | 45 | €39,882 | €11,067 | -€28,815 | -72.3% |
| Taxes | 450/3 | - | €509 | +€509 | |
| Remuneration and social security | 454/9 | €39,882 | €10,558 | -€29,324 | -73.5% |
| Other amounts payable | 47/48 | €7,455 | €40 | -€7,415 | -99.5% |
| Accrued charges and deferred income | 492/3 | €69,647 | €27,217 | -€42,430 | -60.9% |
| Remuneration, social security and pensions | 62 | €373,649 | €257,388 | -€116,261 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,869 | €6,922 | +€1,053 | +17.9% |
| Other operating charges | 640/8 | €3,607 | €23,913 | +€20,306 | +563% |
| Gross operating margin | 9900 | €380,572 | €46,446 | -€334,126 | -87.8% |
| Operating profit (loss) | 9901 | -€2,553 | -€241,776 | -€239,223 | -9,369% |
| Financial income | 75/76B | €6,750 | €861 | -€5,889 | -87.2% |
| Recurring financial income | 75 | €6,750 | €861 | -€5,889 | -87.2% |
| Financial charges | 65/66B | €7,123 | €3,240 | -€3,882 | -54.5% |
| Recurring financial charges | 65 | €7,123 | €3,240 | -€3,882 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,926 | -€244,156 | -€241,230 | -8,244% |
| Income taxes | 67/77 | €2,269 | €546 | -€1,723 | -75.9% |
| Profit (loss) for the period | 9904 | -€5,195 | -€244,702 | -€239,507 | -4,610% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,195 | -€244,702 | -€239,507 | -4,610% |
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 24 October 2026 via checked.be.