AXCO: 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.
AXCO
Largest movements
- Receivables within one year +€35,059
up €35,059 (+53.0%), from €66,140 to €101,199
of which Other amounts receivable: +€26,227
- Cash -€9,321
down €9,321 (-34.3%), from €27,188 to €17,867
mainly Receivables within one year (-€35,059) and Trade debts (-€6,902)
- Receivables after one year +€6,219
up €6,219 (+3.0%), from €207,310 to €213,530
- Tangible fixed assets -€4,214
down €4,214 (-33.3%), from €12,643 to €8,429
- Profit (loss) carried forward +€36,849
up €36,849 (+1.1%), from -€3.3m to -€3.3m
- Trade debts -€6,902
no longer reported in 2024 (was €6,902)
- Gross operating margin -€27,362
down €27,362 (-42.3%), from €64,713 to €37,351
- Financial income +€3,890
up €3,890 (+82.8%), from €4,698 to €8,588
- Taxes -€3,412
no longer reported in 2024 (was €3,412)
- Other operating charges +€2,890
up €2,890 (+165.3%), from €1,748 to €4,639
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,107 | €364,091 | +€28,984 | +8.6% |
| Fixed assets | 21/28 | €12,643 | €8,429 | -€4,214 | -33.3% |
| Tangible fixed assets | 22/27 | €12,643 | €8,429 | -€4,214 | -33.3% |
| Other tangible fixed assets | 26 | €12,643 | €8,429 | -€4,214 | -33.3% |
| Current assets | 29/58 | €322,464 | €355,662 | +€33,198 | +10.3% |
| Amounts receivable after more than one year | 29 | €207,310 | €213,530 | +€6,219 | +3.0% |
| Other amounts receivable | 291 | €207,310 | €213,530 | +€6,219 | +3.0% |
| Stocks and contracts in progress | 3 | €21,204 | €23,066 | +€1,862 | +8.8% |
| Stocks | 30/36 | €21,204 | €23,066 | +€1,862 | +8.8% |
| Amounts receivable within one year | 40/41 | €66,140 | €101,199 | +€35,059 | +53.0% |
| Trade receivables | 40 | €21,993 | €30,825 | +€8,832 | +40.2% |
| Other amounts receivable | 41 | €44,147 | €70,374 | +€26,227 | +59.4% |
| Cash at bank and in hand | 54/58 | €27,188 | €17,867 | -€9,321 | -34.3% |
| Deferred charges and accrued income | 490/1 | €621 | - | -€621 | |
| Total equity and liabilities | 10/49 | €335,107 | €364,091 | +€28,984 | +8.6% |
| Equity | 10/15 | €318,914 | €355,763 | +€36,849 | +11.6% |
| Contributions | 10/11 | €3,650,000 | €3,650,000 | = | 0.0% |
| Outside capital | 11 | €3,650,000 | €3,650,000 | = | 0.0% |
| Other | 1109/19 | €3,650,000 | €3,650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,331,086 | -€3,294,237 | +€36,849 | +1.1% |
| Amounts payable | 17/49 | €16,193 | €8,327 | -€7,866 | -48.6% |
| Amounts payable within one year | 42/48 | €15,008 | €7,007 | -€8,001 | -53.3% |
| Trade debts | 44 | €6,902 | - | -€6,902 | |
| Suppliers | 440/4 | €6,902 | - | -€6,902 | |
| Taxes, remuneration and social security | 45 | €1,786 | €687 | -€1,099 | -61.5% |
| Taxes | 450/3 | €1,786 | €687 | -€1,099 | -61.5% |
| Other amounts payable | 47/48 | €6,320 | €6,320 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,185 | €1,320 | +€135 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,710 | €4,214 | -€496 | -10.5% |
| Other operating charges | 640/8 | €1,748 | €4,639 | +€2,890 | +165.3% |
| Gross operating margin | 9900 | €64,713 | €37,351 | -€27,362 | -42.3% |
| Operating profit (loss) | 9901 | €58,254 | €28,497 | -€29,757 | -51.1% |
| Financial income | 75/76B | €4,698 | €8,588 | +€3,890 | +82.8% |
| Recurring financial income | 75 | €4,698 | €8,588 | +€3,890 | +82.8% |
| Financial charges | 65/66B | €311 | €236 | -€75 | -24.1% |
| Recurring financial charges | 65 | €311 | €236 | -€75 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €62,641 | €36,849 | -€25,792 | -41.2% |
| Income taxes | 67/77 | €3,412 | - | -€3,412 | |
| Profit (loss) for the period | 9904 | €59,229 | €36,849 | -€22,380 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,229 | €36,849 | -€22,380 | -37.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.