AXERTI: 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.
AXERTI
Largest movements
- Tangible fixed assets -€13,677
down €13,677 (-53.2%), from €25,731 to €12,054
- Current assets -€2,084
down €2,084 (-3.7%), from €56,426 to €54,342
of which Receivables within one year: -€14,282
- Reserves -€39,799
down €39,799 (-95.5%), from €41,659 to €1,860
- Debts within one year +€24,038
up €24,038 (+109.8%), from €21,898 to €45,936
- Taxes +€4,087
up €4,087 (+21.3%), from €19,180 to €23,267
- Gross operating margin +€2,354
up €2,354 (+3.1%), from €75,011 to €77,365
From the 2010 result to the 2011 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,157 | €66,396 | -€15,760 | -19.2% |
| Fixed assets | 21/28 | €25,731 | €12,054 | -€13,677 | -53.2% |
| Tangible fixed assets | 22/27 | €25,731 | €12,054 | -€13,677 | -53.2% |
| Current assets | 29/58 | €56,426 | €54,342 | -€2,084 | -3.7% |
| Amounts receivable within one year | 40/41 | €14,964 | €682 | -€14,282 | -95.4% |
| Cash at bank and in hand | 54/58 | €38,138 | €51,013 | +€12,875 | +33.8% |
| Total equity and liabilities | 10/49 | €82,157 | €66,396 | -€15,760 | -19.2% |
| Equity | 10/15 | €60,259 | €20,460 | -€39,799 | -66.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,659 | €1,860 | -€39,799 | -95.5% |
| Amounts payable | 17/49 | €21,898 | €45,936 | +€24,038 | +109.8% |
| Amounts payable within one year | 42/48 | €21,898 | €45,936 | +€24,038 | +109.8% |
| Trade debts | 44 | €1,084 | €1,438 | +€354 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,227 | €13,677 | -€550 | -3.9% |
| Gross operating margin | 9900 | €75,011 | €77,365 | +€2,354 | +3.1% |
| Operating profit (loss) | 9901 | €58,815 | €62,138 | +€3,323 | +5.6% |
| Recurring financial income | 75 | €204 | €1,353 | +€1,149 | +563.4% |
| Recurring financial charges | 65 | €40 | €22 | -€18 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €58,979 | €63,469 | +€4,490 | +7.6% |
| Income taxes | 67/77 | €19,180 | €23,267 | +€4,087 | +21.3% |
| Profit (loss) for the period | 9904 | €39,799 | €40,201 | +€403 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,799 | €40,201 | +€403 | +1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.