AXEMIM: 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.
AXEMIM
Largest movements
- Tangible fixed assets +€163,671
up €163,671 (+2280.0%), from €7,178 to €170,849
of which Land and buildings: +€150,000
- Cash -€55,195
down €55,195 (-58.2%), from €94,809 to €39,614
mainly Investment in fixed assets (net) (-€195,329) and Other debts (-€11,452)
- Receivables within one year -€6,958
down €6,958 (-22.9%), from €30,423 to €23,465
of which Trade receivables: -€3,521
- Debts after one year +€113,595
new in 2025: €113,595
- Other debts -€11,452
down €11,452 (-46.2%), from €24,794 to €13,342
- Profit (loss) carried forward -€6,930
down €6,930 (-7.4%), from €93,307 to €86,377
- Current portion of long-term debt +€5,922
new in 2025: €5,922
- Trade debts +€3,605
up €3,605 (+693.5%), from €520 to €4,125
- Depreciation +€27,272
up €27,272 (+617.5%), from €4,417 to €31,689
- Gross operating margin +€7,452
up €7,452 (+32.4%), from €22,995 to €30,448
- Taxes -€4,306
down €4,306 (-95.1%), from €4,530 to €224
- Financial charges +€4,241
up €4,241 (+699.3%), from €607 to €4,848
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 | €133,244 | €234,834 | +€101,589 | +76.2% |
| Formation expenses | 20 | €31 | - | -€31 | |
| Fixed assets | 21/28 | €7,178 | €170,849 | +€163,671 | +2280.0% |
| Tangible fixed assets | 22/27 | €7,178 | €170,849 | +€163,671 | +2280.0% |
| Land and buildings | 22 | - | €150,000 | +€150,000 | |
| Plant, machinery and equipment | 23 | €6,754 | €20,795 | +€14,041 | +207.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €425 | €54 | -€371 | -87.3% |
| Current assets | 29/58 | €126,035 | €63,985 | -€62,050 | -49.2% |
| Amounts receivable within one year | 40/41 | €30,423 | €23,465 | -€6,958 | -22.9% |
| Trade receivables | 40 | €16,741 | €13,219 | -€3,521 | -21.0% |
| Other amounts receivable | 41 | €13,683 | €10,246 | -€3,437 | -25.1% |
| Cash at bank and in hand | 54/58 | €94,809 | €39,614 | -€55,195 | -58.2% |
| Deferred charges and accrued income | 490/1 | €803 | €906 | +€103 | +12.8% |
| Total equity and liabilities | 10/49 | €133,244 | €234,834 | +€101,589 | +76.2% |
| Equity | 10/15 | €98,307 | €91,377 | -€6,930 | -7.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,307 | €86,377 | -€6,930 | -7.4% |
| Amounts payable | 17/49 | €34,938 | €143,457 | +€108,519 | +310.6% |
| Amounts payable after more than one year | 17 | - | €113,595 | +€113,595 | |
| Financial debts | 170/4 | - | €113,595 | +€113,595 | |
| Amounts payable within one year | 42/48 | €34,938 | €29,862 | -€5,076 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,922 | +€5,922 | |
| Trade debts | 44 | €520 | €4,125 | +€3,605 | +693.5% |
| Suppliers | 440/4 | €520 | €4,125 | +€3,605 | +693.5% |
| Taxes, remuneration and social security | 45 | €9,624 | €6,472 | -€3,151 | -32.7% |
| Taxes | 450/3 | €9,624 | €6,472 | -€3,151 | -32.7% |
| Other amounts payable | 47/48 | €24,794 | €13,342 | -€11,452 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,417 | €31,689 | +€27,272 | +617.5% |
| Other operating charges | 640/8 | €673 | €629 | -€43 | -6.5% |
| Gross operating margin | 9900 | €22,995 | €30,448 | +€7,452 | +32.4% |
| Operating profit (loss) | 9901 | €17,906 | -€1,871 | -€19,777 | |
| Financial income | 75/76B | €14 | €13 | -€1 | -10.1% |
| Recurring financial income | 75 | €14 | €13 | -€1 | -10.1% |
| Financial charges | 65/66B | €607 | €4,848 | +€4,241 | +699.3% |
| Recurring financial charges | 65 | €607 | €4,848 | +€4,241 | +699.3% |
| Profit (loss) for the period before taxes | 9903 | €17,314 | -€6,706 | -€24,020 | |
| Income taxes | 67/77 | €4,530 | €224 | -€4,306 | -95.1% |
| Profit (loss) for the period | 9904 | €12,783 | -€6,930 | -€19,713 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,783 | -€6,930 | -€19,713 |
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 6 October 2026 via checked.be.