AXCOB: 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.
AXCOB
Largest movements
- Current assets -€33,028
down €33,028 (-9.6%), from €344,005 to €310,977
of which Cash: -€195,922
- Debts -€24,430
down €24,430 (-8.9%), from €274,629 to €250,200
of which Debts within one year: -€34,969
- Reserves -€15,000
down €15,000 (-2.1%), from €702,500 to €687,500
- Profit (loss) carried forward +€13,558
up €13,558 (+21.5%), from €63,197 to €76,755
- Gross operating margin -€13,909
down €13,909 (-39.1%), from €35,541 to €21,632
- Depreciation -€4,170
down €4,170 (-34.5%), from €12,082 to €7,912
- Taxes -€2,609
down €2,609 (-54.6%), from €4,781 to €2,171
From the 2009 result to the 2010 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2009 | 2010 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,065,326 | €1,039,455 | -€25,872 | -2.4% |
| Fixed assets | 21/28 | €721,322 | €728,478 | +€7,156 | +1.0% |
| Tangible fixed assets | 22/27 | €17,581 | €24,737 | +€7,156 | +40.7% |
| Financial fixed assets | 28 | €703,741 | €703,741 | = | 0.0% |
| Current assets | 29/58 | €344,005 | €310,977 | -€33,028 | -9.6% |
| Amounts receivable within one year | 40/41 | €141,980 | €100,666 | -€41,314 | -29.1% |
| Cash at bank and in hand | 54/58 | €201,525 | €5,602 | -€195,922 | -97.2% |
| Total equity and liabilities | 10/49 | €1,065,326 | €1,039,455 | -€25,872 | -2.4% |
| Equity | 10/15 | €790,697 | €789,255 | -€1,442 | -0.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €702,500 | €687,500 | -€15,000 | -2.1% |
| Profit (loss) carried forward | 14 | €63,197 | €76,755 | +€13,558 | +21.5% |
| Amounts payable | 17/49 | €274,629 | €250,200 | -€24,430 | -8.9% |
| Amounts payable after more than one year | 17 | €25,575 | €22,275 | -€3,300 | -12.9% |
| Amounts payable within one year | 42/48 | €246,150 | €211,181 | -€34,969 | -14.2% |
| Trade debts | 44 | €1,253 | €909 | -€344 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,082 | €7,912 | -€4,170 | -34.5% |
| Gross operating margin | 9900 | €35,541 | €21,632 | -€13,909 | -39.1% |
| Operating profit (loss) | 9901 | €21,956 | €12,814 | -€9,142 | -41.6% |
| Recurring financial income | 75 | €2,387 | €19,001 | +€16,614 | +696% |
| Recurring financial charges | 65 | €15,504 | €16,086 | +€581 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €455,053 | €15,729 | -€439,324 | -96.5% |
| Income taxes | 67/77 | €4,781 | €2,171 | -€2,609 | -54.6% |
| Profit (loss) for the period | 9904 | €450,273 | €13,558 | -€436,715 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €450,273 | €13,558 | -€436,715 | -97.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2009 and 31 December 2010. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.