AxiBel: 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.
AxiBel
Largest movements
- Tangible fixed assets -€78,017
down €78,017 (-15.4%), from €505,384 to €427,368
of which Land and buildings: -€46,873
- Receivables within one year +€20,862
up €20,862 (+496.7%), from €4,200 to €25,062
of which Trade receivables: +€13,127
- Stocks and contracts -€6,000
down €6,000 (-12.4%), from €48,500 to €42,500
- Profit (loss) carried forward -€69,456
down €69,456 (-162.0%), from -€42,868 to -€112,324
- Trade debts +€36,663
up €36,663 (+492.2%), from €7,448 to €44,111
- Debts after one year -€33,171
down €33,171 (-12.4%), from €266,997 to €233,826
- Gross operating margin -€55,772
down €55,772 (-61.7%), from €90,393 to €34,620
- Financial income -€4,883
down €4,883 (-47.4%), from €10,292 to €5,409
of which Non-recurring financial income: -€7,007
- Taxes +€3,671
up €3,671 (+175.1%), from €2,097 to €5,767
- Depreciation +€2,514
up €2,514 (+2.9%), from €87,778 to €90,292
- Other operating charges -€2,237
down €2,237 (-33.1%), from €6,761 to €4,524
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 | €565,070 | €503,939 | -€61,131 | -10.8% |
| Fixed assets | 21/28 | €505,384 | €427,368 | -€78,017 | -15.4% |
| Tangible fixed assets | 22/27 | €505,384 | €427,368 | -€78,017 | -15.4% |
| Land and buildings | 22 | €412,370 | €365,497 | -€46,873 | -11.4% |
| Plant, machinery and equipment | 23 | €3,575 | €5,955 | +€2,381 | +66.6% |
| Furniture and vehicles | 24 | €69,168 | €43,061 | -€26,107 | -37.7% |
| Other tangible fixed assets | 26 | €20,272 | €12,855 | -€7,418 | -36.6% |
| Current assets | 29/58 | €59,686 | €76,571 | +€16,885 | +28.3% |
| Stocks and contracts in progress | 3 | €48,500 | €42,500 | -€6,000 | -12.4% |
| Stocks | 30/36 | €48,500 | €42,500 | -€6,000 | -12.4% |
| Amounts receivable within one year | 40/41 | €4,200 | €25,062 | +€20,862 | +496.7% |
| Trade receivables | 40 | €4,200 | €17,328 | +€13,127 | +312.5% |
| Other amounts receivable | 41 | €0 | €7,734 | +€7,734 | |
| Cash at bank and in hand | 54/58 | €2,036 | €3,952 | +€1,916 | +94.1% |
| Deferred charges and accrued income | 490/1 | €4,949 | €5,056 | +€108 | +2.2% |
| Total equity and liabilities | 10/49 | €565,070 | €503,939 | -€61,131 | -10.8% |
| Equity | 10/15 | €1,795 | -€67,661 | -€69,456 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €26,113 | €26,113 | = | 0.0% |
| Distributable reserves | 133 | €26,113 | €26,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,868 | -€112,324 | -€69,456 | -162.0% |
| Amounts payable | 17/49 | €563,275 | €571,600 | +€8,325 | +1.5% |
| Amounts payable after more than one year | 17 | €266,997 | €233,826 | -€33,171 | -12.4% |
| Financial debts | 170/4 | €266,997 | €233,826 | -€33,171 | -12.4% |
| Amounts payable within one year | 42/48 | €282,778 | €324,274 | +€41,496 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €36,437 | €35,245 | -€1,192 | -3.3% |
| Trade debts | 44 | €7,448 | €44,111 | +€36,663 | +492.2% |
| Suppliers | 440/4 | €7,448 | €44,111 | +€36,663 | +492.2% |
| Taxes, remuneration and social security | 45 | €9,250 | €11,020 | +€1,770 | +19.1% |
| Taxes | 450/3 | €9,250 | €11,020 | +€1,770 | +19.1% |
| Other amounts payable | 47/48 | €229,642 | €233,898 | +€4,255 | +1.9% |
| Accrued charges and deferred income | 492/3 | €13,500 | €13,500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,778 | €90,292 | +€2,514 | +2.9% |
| Other operating charges | 640/8 | €6,761 | €4,524 | -€2,237 | -33.1% |
| Non-recurring operating charges | 66A | €4,833 | €818 | -€4,015 | -83.1% |
| Gross operating margin | 9900 | €90,393 | €34,620 | -€55,772 | -61.7% |
| Operating profit (loss) | 9901 | -€8,979 | -€61,013 | -€52,035 | -579.5% |
| Financial income | 75/76B | €10,292 | €5,409 | -€4,883 | -47.4% |
| Recurring financial income | 75 | €3,285 | €5,409 | +€2,124 | +64.6% |
| Non-recurring financial income | 76B | €7,007 | €0 | -€7,007 | -100.0% |
| Financial charges | 65/66B | €8,208 | €8,084 | -€124 | -1.5% |
| Recurring financial charges | 65 | €8,208 | €8,084 | -€124 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,895 | -€63,689 | -€56,794 | -823.7% |
| Income taxes | 67/77 | €2,097 | €5,767 | +€3,671 | +175.1% |
| Profit (loss) for the period | 9904 | -€8,992 | -€69,456 | -€60,464 | -672.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,992 | -€69,456 | -€60,464 | -672.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.