AXCOLIM: 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.
AXCOLIM
Largest movements
- Tangible fixed assets -€123,115
down €123,115 (-5.4%), from €2.3m to €2.2m
of which Land and buildings: -€114,041
- Reserves +€119,318
up €119,318 (+7.2%), from €1.7m to €1.8m
of which Distributable reserves: +€119,318
- Debts after one year -€101,664
down €101,664 (-5.3%), from €1.9m to €1.8m
- Other debts -€74,493
down €74,493 (-21.7%), from €343,720 to €269,226
- Gross operating margin -€77,296
down €77,296 (-21.6%), from €357,747 to €280,451
- Financial income +€65,433
up €65,433 (+10553695.2%), from €1 to €65,434
- Taxes -€17,904
down €17,904 (-38.1%), from €47,004 to €29,100
- Financial charges -€3,691
down €3,691 (-5.6%), from €66,208 to €62,517
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.
Cash bridge derived
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 | €4,145,472 | €4,090,839 | -€54,634 | -1.3% |
| Fixed assets | 21/28 | €3,582,860 | €3,459,745 | -€123,115 | -3.4% |
| Tangible fixed assets | 22/27 | €2,292,963 | €2,169,848 | -€123,115 | -5.4% |
| Land and buildings | 22 | €2,264,072 | €2,150,031 | -€114,041 | -5.0% |
| Plant, machinery and equipment | 23 | €167 | €0 | -€167 | -100.0% |
| Furniture and vehicles | 24 | €28,724 | €19,817 | -€8,907 | -31.0% |
| Financial fixed assets | 28 | €1,289,897 | €1,289,897 | = | 0.0% |
| Current assets | 29/58 | €562,612 | €631,093 | +€68,481 | +12.2% |
| Amounts receivable within one year | 40/41 | €346,685 | €383,458 | +€36,773 | +10.6% |
| Trade receivables | 40 | €21,780 | €0 | -€21,780 | -100.0% |
| Other amounts receivable | 41 | €324,905 | €383,458 | +€58,553 | +18.0% |
| Cash at bank and in hand | 54/58 | €208,843 | €242,821 | +€33,977 | +16.3% |
| Deferred charges and accrued income | 490/1 | €7,084 | €4,815 | -€2,270 | -32.0% |
| Total equity and liabilities | 10/49 | €4,145,472 | €4,090,839 | -€54,634 | -1.3% |
| Equity | 10/15 | €1,721,089 | €1,840,407 | +€119,318 | +6.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,659,116 | €1,778,434 | +€119,318 | +7.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,652,919 | €1,772,237 | +€119,318 | +7.2% |
| Amounts payable | 17/49 | €2,424,383 | €2,250,431 | -€173,952 | -7.2% |
| Amounts payable after more than one year | 17 | €1,932,830 | €1,831,166 | -€101,664 | -5.3% |
| Financial debts | 170/4 | €1,932,830 | €1,831,166 | -€101,664 | -5.3% |
| Amounts payable within one year | 42/48 | €491,229 | €414,152 | -€77,077 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €101,239 | €101,664 | +€425 | +0.4% |
| Trade debts | 44 | €18,389 | €11,982 | -€6,407 | -34.8% |
| Suppliers | 440/4 | €18,389 | €11,982 | -€6,407 | -34.8% |
| Taxes, remuneration and social security | 45 | €27,881 | €31,280 | +€3,399 | +12.2% |
| Taxes | 450/3 | €20,149 | €23,426 | +€3,278 | +16.3% |
| Remuneration and social security | 454/9 | €7,733 | €7,854 | +€122 | +1.6% |
| Other amounts payable | 47/48 | €343,720 | €269,226 | -€74,493 | -21.7% |
| Accrued charges and deferred income | 492/3 | €324 | €5,112 | +€4,789 | +1478.2% |
| Non-recurring operating income | 76A | €4,780 | €0 | -€4,780 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,433 | €123,115 | +€1,682 | +1.4% |
| Other operating charges | 640/8 | €8,588 | €11,834 | +€3,246 | +37.8% |
| Gross operating margin | 9900 | €357,747 | €280,451 | -€77,296 | -21.6% |
| Operating profit (loss) | 9901 | €227,726 | €145,501 | -€82,224 | -36.1% |
| Financial income | 75/76B | €1 | €65,434 | +€65,433 | +10553695.2% |
| Recurring financial income | 75 | €1 | €65,434 | +€65,433 | +10553695.2% |
| Financial charges | 65/66B | €66,208 | €62,517 | -€3,691 | -5.6% |
| Recurring financial charges | 65 | €66,208 | €62,517 | -€3,691 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €161,519 | €148,418 | -€13,100 | -8.1% |
| Income taxes | 67/77 | €47,004 | €29,100 | -€17,904 | -38.1% |
| Profit (loss) for the period | 9904 | €114,514 | €119,318 | +€4,804 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,514 | €119,318 | +€4,804 | +4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.