AXES CHILDREN: 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.
AXES CHILDREN
Largest movements
- Tangible fixed assets -€553,861
down €553,861 (-99.8%), from €554,815 to €954
of which Land and buildings: -€552,256
- Cash +€347,306
up €347,306 (+236%), from €147,283 to €494,590
- Stocks and contracts -€166,448
no longer reported in 2023 (was €166,448)
- Receivables within one year +€48,069
up €48,069 (+627%), from €7,671 to €55,740
of which Trade receivables: +€48,647
- Revaluation surpluses -€288,880
no longer reported in 2023 (was €288,880)
- Reserves +€250,865
up €250,865 (+467%), from €53,760 to €304,625
of which Distributable reserves: +€254,625
- Short-term financial debts -€231,845
down €231,845 (-99.9%), from €232,111 to €266
- Trade debts -€26,614
down €26,614 (-27.9%), from €95,513 to €68,899
- Current portion of long-term debt -€23,333
no longer reported in 2023 (was €23,333)
- Gross operating margin +€209,635
up €209,635 (+88.5%), from €236,830 to €446,465
- Taxes +€82,094
up €82,094 (+323%), from €25,422 to €107,516
- Depreciation -€16,658
down €16,658 (-96.6%), from €17,250 to €592
From the 2021 result to the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €881,267 | €551,284 | -€329,983 | -37.4% |
| Fixed assets | 21/28 | €559,454 | €954 | -€558,500 | -99.8% |
| Intangible fixed assets | 21 | €3,000 | - | -€3,000 | |
| Tangible fixed assets | 22/27 | €554,815 | €954 | -€553,861 | -99.8% |
| Land and buildings | 22 | €552,256 | - | -€552,256 | |
| Furniture and vehicles | 24 | €2,559 | €954 | -€1,605 | -62.7% |
| Financial fixed assets | 28 | €1,639 | - | -€1,639 | |
| Current assets | 29/58 | €321,813 | €550,330 | +€228,517 | +71.0% |
| Stocks and contracts in progress | 3 | €166,448 | - | -€166,448 | |
| Stocks | 30/36 | €166,448 | - | -€166,448 | |
| Amounts receivable within one year | 40/41 | €7,671 | €55,740 | +€48,069 | +627% |
| Trade receivables | 40 | €7,093 | €55,740 | +€48,647 | +686% |
| Other amounts receivable | 41 | €578 | - | -€578 | |
| Cash at bank and in hand | 54/58 | €147,283 | €494,590 | +€347,306 | +236% |
| Deferred charges and accrued income | 490/1 | €411 | - | -€411 | |
| Total equity and liabilities | 10/49 | €881,267 | €551,284 | -€329,983 | -37.4% |
| Equity | 10/15 | €460,387 | €422,372 | -€38,015 | -8.3% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Revaluation surpluses | 12 | €288,880 | - | -€288,880 | |
| Reserves | 13 | €53,760 | €304,625 | +€250,865 | +467% |
| Tax-exempt reserves | 132 | €3,760 | - | -€3,760 | |
| Distributable reserves | 133 | €50,000 | €304,625 | +€254,625 | +509% |
| Profit (loss) carried forward | 14 | €24,147 | €24,147 | = | 0.0% |
| Provisions and deferred taxes | 16 | €940 | - | -€940 | |
| Deferred taxes | 168 | €940 | - | -€940 | |
| Amounts payable | 17/49 | €419,939 | €128,912 | -€291,028 | -69.3% |
| Amounts payable after more than one year | 17 | €19,445 | - | -€19,445 | |
| Financial debts | 170/4 | €19,445 | - | -€19,445 | |
| Amounts payable within one year | 42/48 | €392,171 | €123,510 | -€268,661 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | - | -€23,333 | |
| Financial debts | 43 | €232,111 | €266 | -€231,845 | -99.9% |
| Credit institutions | 430/8 | €232,111 | €266 | -€231,845 | -99.9% |
| Trade debts | 44 | €95,513 | €68,899 | -€26,614 | -27.9% |
| Suppliers | 440/4 | €95,513 | €68,899 | -€26,614 | -27.9% |
| Taxes, remuneration and social security | 45 | €40,333 | €54,345 | +€14,012 | +34.7% |
| Taxes | 450/3 | €10,360 | €24,077 | +€13,717 | +132% |
| Remuneration and social security | 454/9 | €29,974 | €30,269 | +€295 | +1.0% |
| Other amounts payable | 47/48 | €880 | - | -€880 | |
| Accrued charges and deferred income | 492/3 | €8,323 | €5,402 | -€2,921 | -35.1% |
| Non-recurring operating income | 76A | €4,700 | €413,973 | +€409,273 | +8,708% |
| Remuneration, social security and pensions | 62 | €57,356 | €54,818 | -€2,538 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,250 | €592 | -€16,658 | -96.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €668 | +€668 | |
| Other operating charges | 640/8 | €3,764 | €4,092 | +€329 | +8.7% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €236,830 | €446,465 | +€209,635 | +88.5% |
| Operating profit (loss) | 9901 | €158,461 | €383,294 | +€224,834 | +142% |
| Financial income | 75/76B | €23 | €1,982 | +€1,959 | +8,681% |
| Recurring financial income | 75 | €23 | €1,982 | +€1,959 | +8,681% |
| Financial charges | 65/66B | €39,359 | €41,526 | +€2,167 | +5.5% |
| Recurring financial charges | 65 | €39,359 | €41,526 | +€2,167 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €119,124 | €343,750 | +€224,626 | +189% |
| Transfer from deferred taxes | 780 | - | €940 | +€940 | |
| Transfer to deferred taxes | 680 | €940 | - | -€940 | |
| Income taxes | 67/77 | €25,422 | €107,516 | +€82,094 | +323% |
| Profit (loss) for the period | 9904 | €92,762 | €237,173 | +€144,411 | +156% |
| Transfer from tax-exempt reserves | 789 | - | €3,760 | +€3,760 | |
| Transfer to tax-exempt reserves | 689 | €3,760 | - | -€3,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,002 | €240,933 | +€151,931 | +171% |
Source: filed annual accounts (NBB), financial years ended 30 September 2021 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.