AXDA GROUP: 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.
AXDA GROUP
Largest movements
- Tangible fixed assets +€100,017
up €100,017 (+60.1%), from €166,525 to €266,542
of which Furniture and vehicles: +€66,634
- Receivables within one year +€44,579
up €44,579 (+147%), from €30,233 to €74,812
of which Trade receivables: +€43,979
- Cash -€28,941
down €28,941 (-19.0%), from €152,632 to €123,692
mainly Investment in fixed assets (net) (-€162,320) and Receivables within one year (-€44,579)
- Intangible fixed assets +€22,641
up €22,641 (+55.7%), from €40,616 to €63,258
- Trade debts +€94,360
up €94,360 (+525%), from €17,959 to €112,320
- Profit (loss) carried forward +€51,040
up €51,040 (+31.0%), from €164,804 to €215,844
- Debts after one year +€27,860
up €27,860 (+23.1%), from €120,694 to €148,554
- Tax, wage and social debts -€16,314
down €16,314 (-53.8%), from €30,306 to €13,992
- Advances received -€6,098
down €6,098 (-100%), from €6,098 to €0
- Gross operating margin -€44,365
down €44,365 (-26.6%), from €167,009 to €122,645
- Depreciation +€11,191
up €11,191 (+41.4%), from €27,030 to €38,221
- Taxes -€11,179
down €11,179 (-45.2%), from €24,726 to €13,547
- Financial charges +€3,600
up €3,600 (+49.1%), from €7,333 to €10,933
- Other operating charges -€2,297
down €2,297 (-20.5%), from €11,200 to €8,903
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 | €394,224 | €536,056 | +€141,831 | +36.0% |
| Formation expenses | 20 | €1,433 | €974 | -€459 | -32.0% |
| Fixed assets | 21/28 | €208,872 | €333,429 | +€124,558 | +59.6% |
| Intangible fixed assets | 21 | €40,616 | €63,258 | +€22,641 | +55.7% |
| Tangible fixed assets | 22/27 | €166,525 | €266,542 | +€100,017 | +60.1% |
| Land and buildings | 22 | - | €25,914 | +€25,914 | |
| Plant, machinery and equipment | 23 | €10,620 | €16,009 | +€5,388 | +50.7% |
| Furniture and vehicles | 24 | €2,521 | €69,154 | +€66,634 | +2,643% |
| Other tangible fixed assets | 26 | €153,384 | €155,465 | +€2,080 | +1.4% |
| Financial fixed assets | 28 | €1,730 | €3,630 | +€1,900 | +110% |
| Current assets | 29/58 | €183,919 | €201,652 | +€17,732 | +9.6% |
| Amounts receivable within one year | 40/41 | €30,233 | €74,812 | +€44,579 | +147% |
| Trade receivables | 40 | €30,233 | €74,212 | +€43,979 | +145% |
| Other amounts receivable | 41 | - | €600 | +€600 | |
| Cash at bank and in hand | 54/58 | €152,632 | €123,692 | -€28,941 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,054 | €3,148 | +€2,094 | +199% |
| Total equity and liabilities | 10/49 | €394,224 | €536,056 | +€141,831 | +36.0% |
| Equity | 10/15 | €189,804 | €240,844 | +€51,040 | +26.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,804 | €215,844 | +€51,040 | +31.0% |
| Amounts payable | 17/49 | €204,420 | €295,211 | +€90,791 | +44.4% |
| Amounts payable after more than one year | 17 | €120,694 | €148,554 | +€27,860 | +23.1% |
| Financial debts | 170/4 | €120,694 | €148,554 | +€27,860 | +23.1% |
| Amounts payable within one year | 42/48 | €81,016 | €146,360 | +€65,345 | +80.7% |
| Current portion of amounts payable after more than one year | 42 | €19,511 | €17,667 | -€1,843 | -9.4% |
| Trade debts | 44 | €17,959 | €112,320 | +€94,360 | +525% |
| Suppliers | 440/4 | €17,959 | €112,320 | +€94,360 | +525% |
| Advances received on contracts in progress | 46 | €6,098 | €0 | -€6,098 | -100% |
| Taxes, remuneration and social security | 45 | €30,306 | €13,992 | -€16,314 | -53.8% |
| Taxes | 450/3 | €30,306 | €13,992 | -€16,314 | -53.8% |
| Other amounts payable | 47/48 | €7,141 | €2,381 | -€4,761 | -66.7% |
| Accrued charges and deferred income | 492/3 | €2,711 | €297 | -€2,413 | -89.0% |
| Non-recurring operating income | 76A | - | €5,287 | +€5,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,030 | €38,221 | +€11,191 | +41.4% |
| Other operating charges | 640/8 | €11,200 | €8,903 | -€2,297 | -20.5% |
| Gross operating margin | 9900 | €167,009 | €122,645 | -€44,365 | -26.6% |
| Operating profit (loss) | 9901 | €128,779 | €75,520 | -€53,259 | -41.4% |
| Financial income | 75/76B | €99 | €0 | -€99 | -100.0% |
| Recurring financial income | 75 | €99 | €0 | -€99 | -100.0% |
| Financial charges | 65/66B | €7,333 | €10,933 | +€3,600 | +49.1% |
| Recurring financial charges | 65 | €7,333 | €10,933 | +€3,600 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €121,544 | €64,587 | -€56,957 | -46.9% |
| Income taxes | 67/77 | €24,726 | €13,547 | -€11,179 | -45.2% |
| Profit (loss) for the period | 9904 | €96,818 | €51,040 | -€45,778 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,818 | €51,040 | -€45,778 | -47.3% |
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 25 October 2026 via checked.be.