AXI: 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.
What changed
AXI
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4.2m
2024 · -€1.2m-€3.0m
Equity
€587,739
2024 · €4.8m-€4.2m
Cash
€1.5m
2024 · €3.0m-€1.5m
Balance sheet total
€47.9m
2024 · €38.6m+€9.2m
Largest movements
Assets
- Financial fixed assets +€17.1m
up €17.1m (+117.1%), from €14.6m to €31.6m
of which Affiliated companies: +€16.9m
- Receivables within one year -€6.1m
down €6.1m (-33.5%), from €18.2m to €12.1m
of which Trade receivables: -€5.5m
- Cash -€1.5m
down €1.5m (-49.5%), from €3.0m to €1.5m
mainly Investment in fixed assets (net) (-€17.1m) and Trade debts (-€7.8m)
Equity and liabilities
- Debts after one year +€20.9m
up €20.9m (+137.6%), from €15.2m to €36.1m
of which Other amounts payable: +€14.1m
- Trade debts -€7.8m
down €7.8m (-67.7%), from €11.6m to €3.7m
- Reserves -€2.6m
down €2.6m (-83.7%), from €3.1m to €500,984
of which Distributable reserves: -€2.6m
- Profit (loss) carried forward -€1.2m
new in 2025: -€1.2m
- Accrued charges and deferred income +€722,162
up €722,162 (+26.9%), from €2.7m to €3.4m
Income statement
- Other operating income -€3.1m
down €3.1m (-41.6%), from €7.4m to €4.3m
- Turnover -€2.2m
down €2.2m (-7.8%), from €28.9m to €26.7m
- Staff costs -€1.6m
down €1.6m (-9.7%), from €16.4m to €14.8m
- Services and other goods -€1.2m
down €1.2m (-6.9%), from €16.9m to €15.7m
- Financial charges +€561,869
up €561,869 (+54.1%), from €1.0m to €1.6m
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.
Result 2024
-€1.2m
Turnover
-€2.2m
Other operating income
-€3.1m
Goods and materials
+€187,267
Services and other goods
+€1.2m
Staff costs
+€1.6m
Depreciation
+€105,216
Write-downs
-€128,011
Other operating charges
-€17,084
Other operating items
-€112,468
Financial income
+€44,832
Financial charges
-€561,869
Taxes
+€14,082
Deferred taxes and other
-€397
Result 2025
-€4.2m
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.
From operations
-€5.3m
Investment
-€17.1m
Financing
+€20.9m
Cash 2024
€3.0m
From operations (derived)
-€5.3m
Net result for the year
-€4.2m
Depreciation
+€446,195
Smaller working-capital items
+€5,885
Receivables within one year
+€6.1m
Deferred charges and accrued income
-€154,363
Trade debts
-€7.8m
Tax, wage and social debts
-€371,421
Accrued charges and deferred income
+€722,162
Investment (derived)
-€17.1m
Investment in fixed assets (net)
-€17.1m
Financing
+€20.9m
Debts after one year
+€20.9m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,649,191 | €47,865,356 | +€9.2m | +23.8% |
| Fixed assets | 21/28 | €16,234,200 | €32,900,246 | +€16.7m | +102.7% |
| Intangible fixed assets | 21 | €1,078,188 | €693,033 | -€385,156 | -35.7% |
| Tangible fixed assets | 22/27 | €586,013 | €570,971 | -€15,042 | -2.6% |
| Land and buildings | 22 | €383,253 | €307,370 | -€75,882 | -19.8% |
| Plant, machinery and equipment | 23 | €180,121 | €170,787 | -€9,334 | -5.2% |
| Furniture and vehicles | 24 | €22,640 | €92,814 | +€70,174 | +310.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €14,569,998 | €31,636,243 | +€17.1m | +117.1% |
| Affiliated companies | 280/1 | €14,561,525 | €31,447,770 | +€16.9m | +116.0% |
| Participating interests | 280 | €14,261,525 | €30,022,770 | +€15.8m | +110.5% |
| Amounts receivable | 281 | €300,000 | €1,425,000 | +€1.1m | +375.0% |
| Other financial fixed assets | 284/8 | €8,472 | €188,472 | +€180,000 | +2124.5% |
| Amounts receivable and cash guarantees | 285/8 | €8,472 | €188,472 | +€180,000 | +2124.5% |
| Current assets | 29/58 | €22,414,992 | €14,965,109 | -€7.4m | -33.2% |
| Stocks and contracts in progress | 3 | €119,176 | €110,769 | -€8,407 | -7.1% |
| Stocks | 30/36 | €119,176 | €110,769 | -€8,407 | -7.1% |
| Goods purchased for resale | 34 | €119,176 | €110,769 | -€8,407 | -7.1% |
| Amounts receivable within one year | 40/41 | €18,246,805 | €12,125,803 | -€6.1m | -33.5% |
| Trade receivables | 40 | €17,332,892 | €11,879,831 | -€5.5m | -31.5% |
| Other amounts receivable | 41 | €913,914 | €245,973 | -€667,941 | -73.1% |
| Current investments | 50/53 | €368,986 | €368,986 | = | 0.0% |
| Own shares | 50 | €368,986 | €368,986 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,981,822 | €1,506,985 | -€1.5m | -49.5% |
| Deferred charges and accrued income | 490/1 | €698,203 | €852,566 | +€154,363 | +22.1% |
| Total equity and liabilities | 10/49 | €38,649,191 | €47,865,356 | +€9.2m | +23.8% |
| Equity | 10/15 | €4,780,217 | €587,739 | -€4.2m | -87.7% |
| Contributions | 10/11 | €1,713,727 | €1,319,986 | -€393,741 | -23.0% |
| Capital | 10 | €1,713,727 | €1,319,986 | -€393,741 | -23.0% |
| Issued capital | 100 | €1,713,727 | €1,319,986 | -€393,741 | -23.0% |
| Reserves | 13 | €3,066,490 | €500,984 | -€2.6m | -83.7% |
| Non-distributable reserves | 130/1 | €500,984 | €500,984 | = | 0.0% |
| Legal reserve | 130 | €131,999 | €131,999 | = | 0.0% |
| Own shares acquired | 1312 | €368,986 | €368,986 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,898 | - | -€4,898 | |
| Distributable reserves | 133 | €2,560,607 | - | -€2.6m | |
| Profit (loss) carried forward | 14 | - | -€1,233,232 | -€1.2m | |
| Provisions and deferred taxes | 16 | €2,522 | - | -€2,522 | |
| Deferred taxes | 168 | €2,522 | - | -€2,522 | |
| Amounts payable | 17/49 | €33,866,452 | €47,277,617 | +€13.4m | +39.6% |
| Amounts payable after more than one year | 17 | €15,187,683 | €36,089,096 | +€20.9m | +137.6% |
| Financial debts | 170/4 | €7,454,000 | €14,290,000 | +€6.8m | +91.7% |
| Subordinated loans | 170 | - | €2,100,000 | +€2.1m | |
| Credit institutions | 173 | €7,454,000 | €12,190,000 | +€4.7m | +63.5% |
| Other amounts payable | 178/9 | €7,733,683 | €21,799,097 | +€14.1m | +181.9% |
| Amounts payable within one year | 42/48 | €15,992,284 | €7,779,874 | -€8.2m | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €364,000 | €364,000 | = | 0.0% |
| Trade debts | 44 | €11,586,433 | €3,745,443 | -€7.8m | -67.7% |
| Suppliers | 440/4 | €11,586,433 | €3,745,443 | -€7.8m | -67.7% |
| Taxes, remuneration and social security | 45 | €4,041,852 | €3,670,431 | -€371,421 | -9.2% |
| Taxes | 450/3 | €525,596 | €377,246 | -€148,350 | -28.2% |
| Remuneration and social security | 454/9 | €3,516,256 | €3,293,185 | -€223,070 | -6.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,686,485 | €3,408,647 | +€722,162 | +26.9% |
| Operating income | 70/76A | €36,291,830 | €30,985,895 | -€5.3m | -14.6% |
| Turnover | 70 | €28,918,950 | €26,676,802 | -€2.2m | -7.8% |
| Other operating income | 74 | €7,372,880 | €4,309,093 | -€3.1m | -41.6% |
| Operating charges | 60/66A | €36,389,256 | €33,613,608 | -€2.8m | -7.6% |
| Goods for resale, raw materials and consumables | 60 | €2,531,307 | €2,344,039 | -€187,267 | -7.4% |
| Purchases | 600/8 | €2,637,229 | €2,335,632 | -€301,597 | -11.4% |
| Change in stocks: decrease (increase) | 609 | -€105,922 | €8,407 | +€114,329 | |
| Services and other goods | 61 | €16,877,379 | €15,720,587 | -€1.2m | -6.9% |
| Remuneration, social security and pensions | 62 | €16,390,111 | €14,806,177 | -€1.6m | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551,412 | €446,195 | -€105,216 | -19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€42,997 | €85,013 | +€128,011 | |
| Other operating charges | 640/8 | €82,045 | €99,128 | +€17,084 | +20.8% |
| Non-recurring operating charges | 66A | - | €112,468 | +€112,468 | |
| Operating profit (loss) | 9901 | -€97,426 | -€2,627,713 | -€2.5m | -2597.1% |
| Financial income | 75/76B | €16,172 | €61,004 | +€44,832 | +277.2% |
| Recurring financial income | 75 | €16,172 | €61,004 | +€44,832 | +277.2% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €15,564 | €60,121 | +€44,557 | +286.3% |
| Other financial income | 752/9 | €608 | €884 | +€275 | +45.3% |
| Financial charges | 65/66B | €1,037,877 | €1,599,746 | +€561,869 | +54.1% |
| Recurring financial charges | 65 | €1,037,877 | €1,599,746 | +€561,869 | +54.1% |
| Debt charges | 650 | €957,517 | €1,573,748 | +€616,231 | +64.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €40,000 | - | -€40,000 | |
| Other financial charges | 652/9 | €40,360 | €25,998 | -€14,362 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,119,130 | -€4,166,454 | -€3.0m | -272.3% |
| Transfer from deferred taxes | 780 | €2,919 | €2,522 | -€397 | -13.6% |
| Income taxes | 67/77 | €42,628 | €28,546 | -€14,082 | -33.0% |
| Taxes | 670/3 | €197,717 | €28,546 | -€169,171 | -85.6% |
| Tax adjustments and reversals of tax provisions | 77 | €155,090 | - | -€155,090 | |
| Profit (loss) for the period | 9904 | -€1,158,839 | -€4,192,478 | -€3.0m | -261.8% |
| Transfer from tax-exempt reserves | 789 | €5,669 | €4,898 | -€771 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,153,170 | -€4,187,580 | -€3.0m | -263.1% |
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 4 October 2026 via checked.be.