AXEDIS: 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.
What changed
AXEDIS
NACE 88.993, Social work activities without accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€79,804
2024 · €71,534+€8,270
Equity
€2.2m
2024 · €2.1m+€70,511
Cash
€1.8m
2024 · €1.2m+€548,099
Balance sheet total
€6.6m
2024 · €6.3m+€260,743
Largest movements
Assets
- Cash +€548,099
up €548,099 (+44.6%), from €1.2m to €1.8m
mainly Debts within one year (+€309,692) and Current investments (+€250,000)
- Current investments -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Tangible fixed assets -€154,445
down €154,445 (-4.1%), from €3.8m to €3.6m
of which Land and buildings: -€143,548
- Receivables within one year +€117,290
up €117,290 (+21.9%), from €536,796 to €654,086
of which Trade receivables: +€85,350
Equity and liabilities
- Debts within one year +€309,692
up €309,692 (+17.1%), from €1.8m to €2.1m
- Debts after one year -€163,022
down €163,022 (-8.9%), from €1.8m to €1.7m
- Profit (loss) carried forward +€79,804
up €79,804 (+37.4%), from -€213,503 to -€133,699
Income statement
- Staff costs -€54,324
down €54,324 (-1.3%), from €4.3m to €4.2m
- Financial income -€43,629
down €43,629 (-74.5%), from €58,536 to €14,907
of which Non-recurring financial income: -€40,690
- Financial charges -€34,477
down €34,477 (-45.4%), from €76,003 to €41,526
of which Non-recurring financial charges: -€31,890
- Other operating charges +€28,844
up €28,844 (+199.4%), from €14,463 to €43,308
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
€71,534
Turnover
+€16,371
Other operating income
+€13,401
Goods and materials
+€12,568
Services and other goods
-€14,204
Staff costs
+€54,324
Depreciation
+€1,161
Write-downs
+€14,922
Other operating charges
-€28,844
Other operating items
-€50,882
Financial income
-€43,629
Financial charges
+€34,477
Taxes
-€1,394
Result 2025
€79,804
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
+€512,239
Investment
+€208,175
Financing
-€172,315
Cash 2024
€1.2m
From operations (derived)
+€512,239
Net result for the year
+€79,804
Depreciation
+€203,530
Stocks and contracts
-€27,980
Receivables within one year
-€117,290
Deferred charges and accrued income
+€20,920
Provisions
+€52,570
Debts within one year
+€309,692
Accrued charges and deferred income
-€9,007
Investment (derived)
+€208,175
Investment in fixed assets (net)
-€41,825
Current investments
+€250,000
Financing
-€172,315
Debts after one year
-€163,022
Contributions, distributions and other
-€9,293
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,303,196 | €6,563,940 | +€260,743 | +4.1% |
| Fixed assets | 21/28 | €3,783,785 | €3,622,080 | -€161,705 | -4.3% |
| Intangible fixed assets | 21 | €17,820 | €10,560 | -€7,260 | -40.7% |
| Tangible fixed assets | 22/27 | €3,762,015 | €3,607,570 | -€154,445 | -4.1% |
| Land and buildings | 22 | €3,646,309 | €3,502,761 | -€143,548 | -3.9% |
| Plant, machinery and equipment | 23 | €66,582 | €66,700 | +€118 | +0.2% |
| Furniture and vehicles | 24 | €49,124 | €38,109 | -€11,015 | -22.4% |
| Financial fixed assets | 28 | €3,950 | €3,950 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,950 | €3,950 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,950 | €3,950 | = | 0.0% |
| Current assets | 29/58 | €2,519,411 | €2,941,860 | +€422,448 | +16.8% |
| Stocks and contracts in progress | 3 | €208,566 | €236,546 | +€27,980 | +13.4% |
| Stocks | 30/36 | €208,566 | €236,546 | +€27,980 | +13.4% |
| Raw materials and consumables | 30/31 | €208,566 | €236,546 | +€27,980 | +13.4% |
| Amounts receivable within one year | 40/41 | €536,796 | €654,086 | +€117,290 | +21.9% |
| Trade receivables | 40 | €449,314 | €534,663 | +€85,350 | +19.0% |
| Other amounts receivable | 41 | €87,482 | €119,422 | +€31,940 | +36.5% |
| Current investments | 50/53 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €1,228,867 | €1,776,966 | +€548,099 | +44.6% |
| Deferred charges and accrued income | 490/1 | €45,183 | €24,263 | -€20,920 | -46.3% |
| Total equity and liabilities | 10/49 | €6,303,196 | €6,563,940 | +€260,743 | +4.1% |
| Equity | 10/15 | €2,092,756 | €2,163,267 | +€70,511 | +3.4% |
| Contributions | 10/11 | €434,960 | €434,960 | = | 0.0% |
| Capital | 10 | €434,960 | €434,960 | = | 0.0% |
| Reserves | 13 | €1,650,000 | €1,650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,503 | -€133,699 | +€79,804 | +37.4% |
| Investment grants | 15 | €221,299 | €212,006 | -€9,293 | -4.2% |
| Provisions and deferred taxes | 16 | €6,160 | €58,730 | +€52,570 | +853.4% |
| Provisions for liabilities and charges | 160/5 | €6,160 | €58,730 | +€52,570 | +853.4% |
| Other liabilities and charges | 164/5 | €6,160 | €58,730 | +€52,570 | +853.4% |
| Amounts payable | 17/49 | €4,204,281 | €4,341,943 | +€137,662 | +3.3% |
| Amounts payable after more than one year | 17 | €1,838,462 | €1,675,440 | -€163,022 | -8.9% |
| Financial debts | 170/4 | €1,838,462 | €1,675,440 | -€163,022 | -8.9% |
| Credit institutions | 173 | €1,838,462 | €1,675,440 | -€163,022 | -8.9% |
| Amounts payable within one year | 42/48 | €1,811,087 | €2,120,779 | +€309,692 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €160,423 | €163,022 | +€2,600 | +1.6% |
| Trade debts | 44 | €125,116 | €99,731 | -€25,386 | -20.3% |
| Suppliers | 440/4 | €125,116 | €99,731 | -€25,386 | -20.3% |
| Taxes, remuneration and social security | 45 | €784,658 | €634,371 | -€150,287 | -19.2% |
| Taxes | 450/3 | €56,659 | €61,494 | +€4,835 | +8.5% |
| Remuneration and social security | 454/9 | €727,999 | €572,877 | -€155,122 | -21.3% |
| Accrued charges and deferred income | 492/3 | €554,732 | €545,725 | -€9,007 | -1.6% |
| Operating income | 70/76A | €5,549,217 | €5,518,783 | -€30,435 | -0.5% |
| Turnover | 70 | €2,392,511 | €2,408,882 | +€16,371 | +0.7% |
| Membership fees, donations, legacies and grants | 73 | €2,758,403 | €2,822,506 | +€64,102 | +2.3% |
| Other operating income | 74 | €153,202 | €166,602 | +€13,401 | +8.7% |
| Non-recurring operating income | 76A | €245,102 | €120,793 | -€124,309 | -50.7% |
| Operating charges | 60/66A | €5,447,535 | €5,398,283 | -€49,251 | -0.9% |
| Goods for resale, raw materials and consumables | 60 | €422,256 | €409,688 | -€12,568 | -3.0% |
| Purchases | 600/8 | €546,606 | €437,667 | -€108,939 | -19.9% |
| Change in stocks: decrease (increase) | 609 | -€124,351 | -€27,980 | +€96,371 | +77.5% |
| Services and other goods | 61 | €422,789 | €436,993 | +€14,204 | +3.4% |
| Remuneration, social security and pensions | 62 | €4,301,616 | €4,247,292 | -€54,324 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,691 | €203,530 | -€1,161 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,718 | €1,796 | -€14,922 | -89.3% |
| Other operating charges | 640/8 | €14,463 | €43,308 | +€28,844 | +199.4% |
| Non-recurring operating charges | 66A | €67,739 | €3,107 | -€64,632 | -95.4% |
| Operating profit (loss) | 9901 | €101,683 | €120,499 | +€18,817 | +18.5% |
| Financial income | 75/76B | €58,536 | €14,907 | -€43,629 | -74.5% |
| Recurring financial income | 75 | €17,847 | €14,907 | -€2,940 | -16.5% |
| Income from financial fixed assets | 750 | €16,928 | €13,866 | -€3,063 | -18.1% |
| Other financial income | 752/9 | €918 | €1,041 | +€123 | +13.4% |
| Non-recurring financial income | 76B | €40,690 | - | -€40,690 | |
| Financial charges | 65/66B | €76,003 | €41,526 | -€34,477 | -45.4% |
| Recurring financial charges | 65 | €35,313 | €32,726 | -€2,587 | -7.3% |
| Debt charges | 650 | €33,626 | €31,034 | -€2,592 | -7.7% |
| Other financial charges | 652/9 | €1,687 | €1,692 | +€5 | +0.3% |
| Non-recurring financial charges | 66B | €40,690 | €8,800 | -€31,890 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €84,216 | €93,880 | +€9,664 | +11.5% |
| Income taxes | 67/77 | €12,682 | €14,076 | +€1,394 | +11.0% |
| Taxes | 670/3 | €12,682 | €14,076 | +€1,394 | +11.0% |
| Profit (loss) for the period | 9904 | €71,534 | €79,804 | +€8,270 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,534 | €79,804 | +€8,270 | +11.6% |
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 11 October 2026 via checked.be.