AXEASY: 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.
What changed
AXEASY
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€116,229
2024 · €482,674-€366,445
Equity
€455,600
2024 · €1.1m-€683,771
Cash
€26,131
2024 · €13,140+€12,991
Balance sheet total
€4.4m
2024 · €5.8m-€1.4m
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-23.7%), from €5.8m to €4.4m
of which Other amounts receivable: -€1.2m
Equity and liabilities
- Reserves -€684,000
down €684,000 (-63.5%), from €1.1m to €393,050
of which Distributable reserves: -€684,000
- Trade debts -€497,388
down €497,388 (-12.7%), from €3.9m to €3.4m
- Tax, wage and social debts -€211,286
down €211,286 (-27.3%), from €774,378 to €563,093
of which Remuneration and social security: -€176,721
Income statement
- Goods and materials -€43.0m
no longer reported in 2025 (was €43.0m)
- Turnover -€3.8m
down €3.8m (-7.8%), from €48.3m to €44.6m
- Gross operating margin +€3.3m
new in 2025: €3.3m
- Services and other goods -€854,301
no longer reported in 2025 (was €854,301)
- Staff costs -€735,420
down €735,420 (-19.1%), from €3.8m to €3.1m
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.
Result 2024
€482,674
Turnover
-€3.8m
Other operating income
-€43,289
Goods and materials
+€43.0m
Services and other goods
+€854,301
Staff costs
+€735,420
Depreciation
+€1,540
Other operating charges
+€10,924
Other operating items
-€41.3m
Financial income
-€39,153
Financial charges
-€1,839
Taxes
+€144,949
Result 2025
€116,229
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.
From operations
+€816,150
Investment
-€3,159
Financing
-€800,000
Cash 2024
€13,140
From operations (derived)
+€816,150
Net result for the year
+€116,229
Depreciation
+€5,297
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€38,119
Trade debts
-€497,388
Tax, wage and social debts
-€211,286
Accrued charges and deferred income
-€1,849
Investment (derived)
-€3,159
Investment in fixed assets (net)
-€3,159
Financing
-€800,000
Contributions, distributions and other
-€800,000
Cash 2025
€26,131
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,834,076 | €4,439,782 | -€1.4m | -23.9% |
| Fixed assets | 21/28 | €8,925 | €6,787 | -€2,138 | -24.0% |
| Tangible fixed assets | 22/27 | €8,925 | €6,787 | -€2,138 | -24.0% |
| Plant, machinery and equipment | 23 | €6,609 | €4,995 | -€1,613 | -24.4% |
| Furniture and vehicles | 24 | €1,038 | €824 | -€214 | -20.6% |
| Other tangible fixed assets | 26 | €1,278 | €968 | -€310 | -24.3% |
| Current assets | 29/58 | €5,825,151 | €4,432,995 | -€1.4m | -23.9% |
| Amounts receivable within one year | 40/41 | €5,759,072 | €4,392,044 | -€1.4m | -23.7% |
| Trade receivables | 40 | €3,972,937 | €3,793,054 | -€179,883 | -4.5% |
| Other amounts receivable | 41 | €1,786,134 | €598,990 | -€1.2m | -66.5% |
| Cash at bank and in hand | 54/58 | €13,140 | €26,131 | +€12,991 | +98.9% |
| Deferred charges and accrued income | 490/1 | €52,940 | €14,820 | -€38,119 | -72.0% |
| Total equity and liabilities | 10/49 | €5,834,076 | €4,439,782 | -€1.4m | -23.9% |
| Equity | 10/15 | €1,139,370 | €455,600 | -€683,771 | -60.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,077,050 | €393,050 | -€684,000 | -63.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,070,850 | €386,850 | -€684,000 | -63.9% |
| Profit (loss) carried forward | 14 | €320 | €550 | +€229 | +71.6% |
| Amounts payable | 17/49 | €4,694,706 | €3,984,183 | -€710,523 | -15.1% |
| Amounts payable within one year | 42/48 | €4,692,857 | €3,984,183 | -€708,674 | -15.1% |
| Trade debts | 44 | €3,918,478 | €3,421,090 | -€497,388 | -12.7% |
| Suppliers | 440/4 | €3,918,478 | €3,421,090 | -€497,388 | -12.7% |
| Taxes, remuneration and social security | 45 | €774,378 | €563,093 | -€211,286 | -27.3% |
| Taxes | 450/3 | €403,885 | €369,320 | -€34,565 | -8.6% |
| Remuneration and social security | 454/9 | €370,494 | €193,773 | -€176,721 | -47.7% |
| Accrued charges and deferred income | 492/3 | €1,849 | - | -€1,849 | |
| Operating income | 70/76A | €48,390,641 | - | -€48.4m | |
| Turnover | 70 | €48,347,352 | €44,594,823 | -€3.8m | -7.8% |
| Other operating income | 74 | €43,289 | - | -€43,289 | |
| Operating charges | 60/66A | €47,745,961 | - | -€47.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €41,332,146 | +€41.3m | |
| Goods for resale, raw materials and consumables | 60 | €43,015,893 | - | -€43.0m | |
| Purchases | 600/8 | €43,015,893 | - | -€43.0m | |
| Services and other goods | 61 | €854,301 | - | -€854,301 | |
| Remuneration, social security and pensions | 62 | €3,848,646 | €3,113,226 | -€735,420 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,837 | €5,297 | -€1,540 | -22.5% |
| Other operating charges | 640/8 | €20,284 | €9,360 | -€10,924 | -53.9% |
| Gross operating margin | 9900 | - | €3,302,160 | +€3.3m | |
| Operating profit (loss) | 9901 | €644,679 | €174,278 | -€470,401 | -73.0% |
| Financial income | 75/76B | €67,856 | €28,703 | -€39,153 | -57.7% |
| Recurring financial income | 75 | €67,856 | €28,703 | -€39,153 | -57.7% |
| Income from financial fixed assets | 750 | €8 | - | -€8 | |
| Income from current assets | 751 | €67,848 | - | -€67,848 | |
| Financial charges | 65/66B | €15,185 | €17,024 | +€1,839 | +12.1% |
| Recurring financial charges | 65 | €15,185 | €17,024 | +€1,839 | +12.1% |
| Debt charges | 650 | €13,611 | - | -€13,611 | |
| Other financial charges | 652/9 | €1,574 | - | -€1,574 | |
| Profit (loss) for the period before taxes | 9903 | €697,350 | €185,957 | -€511,393 | -73.3% |
| Income taxes | 67/77 | €214,676 | €69,727 | -€144,949 | -67.5% |
| Taxes | 670/3 | €214,676 | - | -€214,676 | |
| Profit (loss) for the period | 9904 | €482,674 | €116,229 | -€366,445 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €482,674 | €116,229 | -€366,445 | -75.9% |
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 29 September 2026 via checked.be.