AXESS E.U.: 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.
AXESS E.U.
Largest movements
- Stocks and contracts +€647,565
up €647,565 (+80.7%), from €802,560 to €1.5m
- Receivables within one year +€69,385
up €69,385 (+185.4%), from €37,421 to €106,806
of which Other amounts receivable: +€94,926
- Tangible fixed assets -€25,647
down €25,647 (-12.4%), from €206,857 to €181,211
of which Plant, machinery and equipment: -€19,996
- Trade debts +€541,949
up €541,949 (+151.6%), from €357,433 to €899,382
- Profit (loss) carried forward +€54,672
up €54,672 (+11.6%), from €473,237 to €527,909
- Accrued charges and deferred income +€42,925
up €42,925 (+43.3%), from €99,084 to €142,009
- Debts after one year +€19,766
up €19,766 (+73.3%), from €26,958 to €46,724
- Gross operating margin +€169,557
up €169,557 (+40.4%), from €419,701 to €589,258
- Staff costs +€109,927
up €109,927 (+41.0%), from €268,317 to €378,244
- Financial charges -€21,523
down €21,523 (-37.9%), from €56,765 to €35,242
- Taxes +€15,978
up €15,978 (+177.1%), from €9,022 to €25,000
- Depreciation +€14,135
up €14,135 (+25.5%), from €55,455 to €69,590
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 | €1,168,085 | €1,842,600 | +€674,515 | +57.7% |
| Fixed assets | 21/28 | €227,163 | €196,347 | -€30,816 | -13.6% |
| Intangible fixed assets | 21 | €14,924 | €9,755 | -€5,169 | -34.6% |
| Tangible fixed assets | 22/27 | €206,857 | €181,211 | -€25,647 | -12.4% |
| Plant, machinery and equipment | 23 | €87,170 | €67,174 | -€19,996 | -22.9% |
| Furniture and vehicles | 24 | €62,784 | €80,156 | +€17,372 | +27.7% |
| Leasing and similar rights | 25 | €3,330 | - | -€3,330 | |
| Other tangible fixed assets | 26 | €53,574 | €33,880 | -€19,693 | -36.8% |
| Financial fixed assets | 28 | €5,382 | €5,382 | = | 0.0% |
| Current assets | 29/58 | €940,922 | €1,646,253 | +€705,331 | +75.0% |
| Stocks and contracts in progress | 3 | €802,560 | €1,450,125 | +€647,565 | +80.7% |
| Stocks | 30/36 | €802,560 | €1,450,125 | +€647,565 | +80.7% |
| Amounts receivable within one year | 40/41 | €37,421 | €106,806 | +€69,385 | +185.4% |
| Trade receivables | 40 | €25,542 | - | -€25,542 | |
| Other amounts receivable | 41 | €11,879 | €106,806 | +€94,926 | +799.1% |
| Cash at bank and in hand | 54/58 | €67,191 | €65,697 | -€1,494 | -2.2% |
| Deferred charges and accrued income | 490/1 | €33,750 | €23,625 | -€10,125 | -30.0% |
| Total equity and liabilities | 10/49 | €1,168,085 | €1,842,600 | +€674,515 | +57.7% |
| Equity | 10/15 | €592,730 | €647,402 | +€54,672 | +9.2% |
| Contributions | 10/11 | €109,493 | €109,493 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Outside capital | 11 | €9,493 | €9,493 | = | 0.0% |
| Share premium | 1100/10 | €9,493 | €9,493 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €473,237 | €527,909 | +€54,672 | +11.6% |
| Amounts payable | 17/49 | €575,356 | €1,195,198 | +€619,843 | +107.7% |
| Amounts payable after more than one year | 17 | €26,958 | €46,724 | +€19,766 | +73.3% |
| Financial debts | 170/4 | €26,958 | €46,724 | +€19,766 | +73.3% |
| Amounts payable within one year | 42/48 | €449,314 | €1,006,465 | +€557,151 | +124.0% |
| Current portion of amounts payable after more than one year | 42 | €28,775 | €33,124 | +€4,349 | +15.1% |
| Trade debts | 44 | €357,433 | €899,382 | +€541,949 | +151.6% |
| Suppliers | 440/4 | €357,433 | €899,382 | +€541,949 | +151.6% |
| Taxes, remuneration and social security | 45 | €63,106 | €73,959 | +€10,854 | +17.2% |
| Taxes | 450/3 | €22,552 | €13,426 | -€9,126 | -40.5% |
| Remuneration and social security | 454/9 | €40,553 | €60,533 | +€19,980 | +49.3% |
| Accrued charges and deferred income | 492/3 | €99,084 | €142,009 | +€42,925 | +43.3% |
| Remuneration, social security and pensions | 62 | €268,317 | €378,244 | +€109,927 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,455 | €69,590 | +€14,135 | +25.5% |
| Other operating charges | 640/8 | €31,007 | €26,521 | -€4,486 | -14.5% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €419,701 | €589,258 | +€169,557 | +40.4% |
| Operating profit (loss) | 9901 | €64,922 | €114,904 | +€49,982 | +77.0% |
| Financial income | 75/76B | €8,025 | €10 | -€8,015 | -99.9% |
| Recurring financial income | 75 | €8,025 | €10 | -€8,015 | -99.9% |
| Financial charges | 65/66B | €56,765 | €35,242 | -€21,523 | -37.9% |
| Recurring financial charges | 65 | €56,765 | €35,242 | -€21,523 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €16,182 | €79,672 | +€63,491 | +392.4% |
| Income taxes | 67/77 | €9,022 | €25,000 | +€15,978 | +177.1% |
| Profit (loss) for the period | 9904 | €7,159 | €54,672 | +€47,513 | +663.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,159 | €54,672 | +€47,513 | +663.6% |
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.