AXESS EVENTS: what changed
AXESS EVENTS
Largest movements
- Tangible fixed assets +€458,624
up €458,624 (+11,447%), from €4,006 to €462,630
of which Land and buildings: +€459,905
- Receivables within one year +€71,492
up €71,492 (+378%), from €18,930 to €90,423
of which Trade receivables: +€71,168
- Cash -€60,635
down €60,635 (-95.6%), from €63,453 to €2,818
mainly Investment in fixed assets (net) (-€461,141) and Receivables within one year (-€71,492)
- Debts after one year +€400,000
new in 2025: €400,000
- Trade debts +€65,470
up €65,470 (+4,676%), from €1,400 to €66,871
- Reserves +€13,500
up €13,500 (+32.8%), from €41,220 to €54,720
- Other debts -€10,000
down €10,000 (-44.4%), from €22,520 to €12,520
- Gross operating margin -€7,122
down €7,122 (-21.9%), from €32,543 to €25,421
- Taxes -€2,834
down €2,834 (-29.9%), from €9,467 to €6,632
- Depreciation +€523
up €523 (+26.3%), from €1,993 to €2,517
- Staff costs +€450
up €450 (+28.1%), from €1,600 to €2,050
- Financial charges +€400
up €400 (+864%), from €46 to €446
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,390 | €555,871 | +€469,481 | +543% |
| Fixed assets | 21/28 | €4,006 | €462,630 | +€458,624 | +11,447% |
| Tangible fixed assets | 22/27 | €4,006 | €462,630 | +€458,624 | +11,447% |
| Land and buildings | 22 | - | €459,905 | +€459,905 | |
| Plant, machinery and equipment | 23 | €1,698 | €1,101 | -€596 | -35.1% |
| Furniture and vehicles | 24 | €2,309 | €1,624 | -€684 | -29.6% |
| Current assets | 29/58 | €82,383 | €93,240 | +€10,857 | +13.2% |
| Amounts receivable within one year | 40/41 | €18,930 | €90,423 | +€71,492 | +378% |
| Trade receivables | 40 | €18,930 | €90,098 | +€71,168 | +376% |
| Other amounts receivable | 41 | - | €324 | +€324 | |
| Cash at bank and in hand | 54/58 | €63,453 | €2,818 | -€60,635 | -95.6% |
| Total equity and liabilities | 10/49 | €86,390 | €555,871 | +€469,481 | +543% |
| Equity | 10/15 | €50,091 | €63,793 | +€13,702 | +27.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €41,220 | €54,720 | +€13,500 | +32.8% |
| Distributable reserves | 133 | €41,220 | €54,720 | +€13,500 | +32.8% |
| Profit (loss) carried forward | 14 | -€9,679 | -€9,477 | +€202 | +2.1% |
| Amounts payable | 17/49 | €36,299 | €492,078 | +€455,779 | +1,256% |
| Amounts payable after more than one year | 17 | - | €400,000 | +€400,000 | |
| Financial debts | 170/4 | - | €400,000 | +€400,000 | |
| Amounts payable within one year | 42/48 | €36,299 | €92,078 | +€55,779 | +154% |
| Trade debts | 44 | €1,400 | €66,871 | +€65,470 | +4,676% |
| Suppliers | 440/4 | €1,400 | €66,871 | +€65,470 | +4,676% |
| Taxes, remuneration and social security | 45 | €12,379 | €12,687 | +€308 | +2.5% |
| Taxes | 450/3 | €12,379 | €12,687 | +€308 | +2.5% |
| Other amounts payable | 47/48 | €22,520 | €12,520 | -€10,000 | -44.4% |
| Remuneration, social security and pensions | 62 | €1,600 | €2,050 | +€450 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,993 | €2,517 | +€523 | +26.3% |
| Other operating charges | 640/8 | €387 | €428 | +€41 | +10.5% |
| Gross operating margin | 9900 | €32,543 | €25,421 | -€7,122 | -21.9% |
| Operating profit (loss) | 9901 | €28,562 | €20,426 | -€8,136 | -28.5% |
| Financial income | 75/76B | €205 | €355 | +€150 | +73.5% |
| Recurring financial income | 75 | €205 | €355 | +€150 | +73.5% |
| Financial charges | 65/66B | €46 | €446 | +€400 | +864% |
| Recurring financial charges | 65 | €46 | €446 | +€400 | +864% |
| Profit (loss) for the period before taxes | 9903 | €28,720 | €20,335 | -€8,386 | -29.2% |
| Income taxes | 67/77 | €9,467 | €6,632 | -€2,834 | -29.9% |
| Profit (loss) for the period | 9904 | €19,254 | €13,702 | -€5,551 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,254 | €13,702 | -€5,551 | -28.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.