AXHES: 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.
AXHES
Largest movements
- Tangible fixed assets -€21,838
down €21,838 (-34.5%), from €63,214 to €41,377
of which Furniture and vehicles: -€21,769
- Cash +€19,023
up €19,023 (+21.7%), from €87,650 to €106,674
mainly Investment in fixed assets (net) (+€18,858) and Depreciation (+€12,980)
- Financial fixed assets -€10,000
down €10,000 (-22.2%), from €45,000 to €35,000
- Receivables within one year +€4,975
up €4,975 (+17.7%), from €28,085 to €33,060
of which Other amounts receivable: +€4,101
- Debts after one year -€19,133
down €19,133 (-37.3%), from €51,240 to €32,107
- Other debts +€12,341
up €12,341 (+640.5%), from €1,927 to €14,268
- Profit (loss) carried forward -€4,732
down €4,732 (-3.4%), from €140,106 to €135,374
- Tax, wage and social debts +€2,952
up €2,952 (+37.7%), from €7,836 to €10,788
- Depreciation -€4,125
down €4,125 (-24.1%), from €17,105 to €12,980
- Other operating charges -€2,232
down €2,232 (-56.7%), from €3,936 to €1,703
- Gross operating margin +€1,700
up €1,700 (+8.4%), from €20,258 to €21,957
- Financial charges -€348
down €348 (-12.9%), from €2,694 to €2,346
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 | €226,291 | €217,282 | -€9,009 | -4.0% |
| Fixed assets | 21/28 | €108,214 | €76,377 | -€31,838 | -29.4% |
| Tangible fixed assets | 22/27 | €63,214 | €41,377 | -€21,838 | -34.5% |
| Plant, machinery and equipment | 23 | €613 | €1,644 | +€1,032 | +168.4% |
| Furniture and vehicles | 24 | €57,878 | €36,109 | -€21,769 | -37.6% |
| Other tangible fixed assets | 26 | €4,724 | €3,623 | -€1,100 | -23.3% |
| Financial fixed assets | 28 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Current assets | 29/58 | €118,076 | €140,905 | +€22,828 | +19.3% |
| Amounts receivable within one year | 40/41 | €28,085 | €33,060 | +€4,975 | +17.7% |
| Trade receivables | 40 | €0 | €874 | +€874 | |
| Other amounts receivable | 41 | €28,085 | €32,187 | +€4,101 | +14.6% |
| Cash at bank and in hand | 54/58 | €87,650 | €106,674 | +€19,023 | +21.7% |
| Deferred charges and accrued income | 490/1 | €2,341 | €1,171 | -€1,170 | -50.0% |
| Total equity and liabilities | 10/49 | €226,291 | €217,282 | -€9,009 | -4.0% |
| Equity | 10/15 | €145,106 | €140,374 | -€4,732 | -3.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,106 | €135,374 | -€4,732 | -3.4% |
| Amounts payable | 17/49 | €81,185 | €76,907 | -€4,278 | -5.3% |
| Amounts payable after more than one year | 17 | €51,240 | €32,107 | -€19,133 | -37.3% |
| Financial debts | 170/4 | €51,240 | €32,107 | -€19,133 | -37.3% |
| Amounts payable within one year | 42/48 | €29,945 | €44,801 | +€14,856 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €18,501 | €19,133 | +€633 | +3.4% |
| Trade debts | 44 | €1,681 | €611 | -€1,070 | -63.6% |
| Suppliers | 440/4 | €1,681 | €611 | -€1,070 | -63.6% |
| Taxes, remuneration and social security | 45 | €7,836 | €10,788 | +€2,952 | +37.7% |
| Taxes | 450/3 | €7,836 | €10,788 | +€2,952 | +37.7% |
| Other amounts payable | 47/48 | €1,927 | €14,268 | +€12,341 | +640.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,105 | €12,980 | -€4,125 | -24.1% |
| Other operating charges | 640/8 | €3,936 | €1,703 | -€2,232 | -56.7% |
| Non-recurring operating charges | 66A | - | €24 | +€24 | |
| Gross operating margin | 9900 | €20,258 | €21,957 | +€1,700 | +8.4% |
| Operating profit (loss) | 9901 | -€783 | €7,250 | +€8,033 | |
| Financial income | 75/76B | €2,678 | €2,479 | -€198 | -7.4% |
| Recurring financial income | 75 | €2,678 | €2,479 | -€198 | -7.4% |
| Financial charges | 65/66B | €2,694 | €2,346 | -€348 | -12.9% |
| Recurring financial charges | 65 | €2,694 | €2,346 | -€348 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€799 | €7,383 | +€8,182 | |
| Income taxes | 67/77 | €307 | €350 | +€43 | +14.0% |
| Profit (loss) for the period | 9904 | -€1,106 | €7,033 | +€8,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,106 | €7,033 | +€8,139 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.