AXENT: 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.
AXENT
Largest movements
- Receivables within one year +€140,136
up €140,136 (+454.4%), from €30,836 to €170,973
of which Trade receivables: +€137,240
- Stocks and contracts -€6,804
down €6,804 (-19.8%), from €34,420 to €27,616
of which Contracts in progress: -€4,557
- Cash -€4,676
no longer reported in 2025 (was €4,676)
mainly Receivables within one year (-€140,136) and Debts after one year (-€12,927)
- Trade debts +€112,312
up €112,312 (+196.3%), from €57,223 to €169,536
- Profit (loss) carried forward +€19,393
up €19,393 (+22.0%), from -€88,147 to -€68,754
- Other debts +€14,168
up €14,168 (+33.1%), from €42,745 to €56,913
- Debts after one year -€12,927
down €12,927 (-63.2%), from €20,444 to €7,517
- Current portion of long-term debt -€7,632
down €7,632 (-37.1%), from €20,558 to €12,927
- Staff costs -€23,829
down €23,829 (-15.0%), from €158,514 to €134,685
- Gross operating margin -€7,934
down €7,934 (-4.5%), from €175,555 to €167,621
- Financial charges -€1,846
down €1,846 (-34.3%), from €5,380 to €3,533
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 | €112,945 | €240,545 | +€127,600 | +113.0% |
| Fixed assets | 21/28 | €36,180 | €35,807 | -€373 | -1.0% |
| Intangible fixed assets | 21 | €2,204 | €1,146 | -€1,058 | -48.0% |
| Tangible fixed assets | 22/27 | €33,926 | €34,611 | +€684 | +2.0% |
| Land and buildings | 22 | €21,365 | €21,119 | -€245 | -1.1% |
| Plant, machinery and equipment | 23 | €10,986 | €11,349 | +€363 | +3.3% |
| Furniture and vehicles | 24 | €1,576 | €2,143 | +€567 | +36.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €76,765 | €204,738 | +€127,973 | +166.7% |
| Stocks and contracts in progress | 3 | €34,420 | €27,616 | -€6,804 | -19.8% |
| Stocks | 30/36 | €12,263 | €10,016 | -€2,247 | -18.3% |
| Contracts in progress | 37 | €22,157 | €17,600 | -€4,557 | -20.6% |
| Amounts receivable within one year | 40/41 | €30,836 | €170,973 | +€140,136 | +454.4% |
| Trade receivables | 40 | €15,914 | €153,153 | +€137,240 | +862.4% |
| Other amounts receivable | 41 | €14,923 | €17,819 | +€2,896 | +19.4% |
| Cash at bank and in hand | 54/58 | €4,676 | - | -€4,676 | |
| Deferred charges and accrued income | 490/1 | €6,832 | €6,149 | -€683 | -10.0% |
| Total equity and liabilities | 10/49 | €112,945 | €240,545 | +€127,600 | +113.0% |
| Equity | 10/15 | -€55,800 | -€36,407 | +€19,393 | +34.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €11,896 | €11,896 | = | 0.0% |
| Distributable reserves | 133 | €11,896 | €11,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,147 | -€68,754 | +€19,393 | +22.0% |
| Amounts payable | 17/49 | €168,745 | €276,952 | +€108,207 | +64.1% |
| Amounts payable after more than one year | 17 | €20,444 | €7,517 | -€12,927 | -63.2% |
| Financial debts | 170/4 | €20,444 | €7,517 | -€12,927 | -63.2% |
| Amounts payable within one year | 42/48 | €143,754 | €264,887 | +€121,133 | +84.3% |
| Current portion of amounts payable after more than one year | 42 | €20,558 | €12,927 | -€7,632 | -37.1% |
| Financial debts | 43 | - | €6,435 | +€6,435 | |
| Credit institutions | 430/8 | - | €6,435 | +€6,435 | |
| Trade debts | 44 | €57,223 | €169,536 | +€112,312 | +196.3% |
| Suppliers | 440/4 | €57,223 | €169,536 | +€112,312 | +196.3% |
| Taxes, remuneration and social security | 45 | €23,228 | €19,077 | -€4,150 | -17.9% |
| Taxes | 450/3 | €267 | - | -€267 | |
| Remuneration and social security | 454/9 | €22,961 | €19,077 | -€3,883 | -16.9% |
| Other amounts payable | 47/48 | €42,745 | €56,913 | +€14,168 | +33.1% |
| Accrued charges and deferred income | 492/3 | €4,547 | €4,547 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €158,514 | €134,685 | -€23,829 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,695 | €8,922 | +€227 | +2.6% |
| Other operating charges | 640/8 | €1,741 | €1,670 | -€71 | -4.1% |
| Gross operating margin | 9900 | €175,555 | €167,621 | -€7,934 | -4.5% |
| Operating profit (loss) | 9901 | €6,604 | €22,343 | +€15,739 | +238.3% |
| Financial income | 75/76B | €56 | €583 | +€527 | +940.6% |
| Recurring financial income | 75 | €56 | €583 | +€527 | +940.6% |
| Financial charges | 65/66B | €5,380 | €3,533 | -€1,846 | -34.3% |
| Recurring financial charges | 65 | €5,380 | €3,533 | -€1,846 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €1,281 | €19,393 | +€18,112 | +1414.0% |
| Income taxes | 67/77 | €462 | - | -€462 | |
| Profit (loss) for the period | 9904 | €819 | €19,393 | +€18,574 | +2267.0% |
| Profit (loss) for the period to be appropriated | 9905 | €819 | €19,393 | +€18,574 | +2267.0% |
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 3 October 2026 via checked.be.