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.
AXI
Largest movements
- Receivables within one year +€6,064
up €6,064 (+586.0%), from €1,035 to €7,099
of which Trade receivables: +€7,040
- Other debts +€3,746
up €3,746 (+13.2%), from €28,293 to €32,039
- Profit (loss) carried forward +€3,045
up €3,045 (+20.1%), from -€15,165 to -€12,120
- Taxes +€876
up €876 (+530.4%), from €165 to €1,041
- Gross operating margin -€341
down €341 (-5.0%), from €6,874 to €6,532
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 | €223,302 | €228,725 | +€5,423 | +2.4% |
| Fixed assets | 21/28 | €221,617 | €221,617 | = | 0.0% |
| Financial fixed assets | 28 | €221,617 | €221,617 | = | 0.0% |
| Current assets | 29/58 | €1,686 | €7,109 | +€5,423 | +321.7% |
| Amounts receivable within one year | 40/41 | €1,035 | €7,099 | +€6,064 | +586.0% |
| Trade receivables | 40 | - | €7,040 | +€7,040 | |
| Other amounts receivable | 41 | €1,035 | €59 | -€976 | -94.3% |
| Cash at bank and in hand | 54/58 | €651 | €9 | -€641 | -98.5% |
| Total equity and liabilities | 10/49 | €223,302 | €228,725 | +€5,423 | +2.4% |
| Equity | 10/15 | €22,614 | €25,659 | +€3,045 | +13.5% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €279 | €279 | = | 0.0% |
| Distributable reserves | 133 | €279 | €279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,165 | -€12,120 | +€3,045 | +20.1% |
| Amounts payable | 17/49 | €200,688 | €203,066 | +€2,378 | +1.2% |
| Amounts payable after more than one year | 17 | €169,557 | €169,557 | = | 0.0% |
| Financial debts | 170/4 | €169,557 | €169,557 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,131 | €33,480 | +€2,349 | +7.5% |
| Trade debts | 44 | €866 | €967 | +€101 | +11.6% |
| Suppliers | 440/4 | €866 | €967 | +€101 | +11.6% |
| Advances received on contracts in progress | 46 | €1,480 | - | -€1,480 | |
| Taxes, remuneration and social security | 45 | €492 | €475 | -€17 | -3.6% |
| Taxes | 450/3 | €492 | €475 | -€17 | -3.6% |
| Other amounts payable | 47/48 | €28,293 | €32,039 | +€3,746 | +13.2% |
| Accrued charges and deferred income | 492/3 | - | €29 | +€29 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €6,874 | €6,532 | -€341 | -5.0% |
| Operating profit (loss) | 9901 | €6,486 | €6,133 | -€354 | -5.5% |
| Financial charges | 65/66B | €2,046 | €2,047 | +€1 | 0.0% |
| Recurring financial charges | 65 | €2,046 | €2,047 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,440 | €4,086 | -€354 | -8.0% |
| Income taxes | 67/77 | €165 | €1,041 | +€876 | +530.4% |
| Profit (loss) for the period | 9904 | €4,275 | €3,045 | -€1,230 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,275 | €3,045 | -€1,230 | -28.8% |
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 6 October 2026 via checked.be.