AXICE: what changed
Two financial 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.
AXICE
Largest movements
- Tangible fixed assets +€17,029
up €17,029 (+102%), from €16,697 to €33,726
- Receivables within one year -€11,262
down €11,262 (-33.4%), from €33,710 to €22,448
of which Trade receivables: -€24,200
- Cash -€2,524
down €2,524 (-6.9%), from €36,625 to €34,101
mainly Investment in fixed assets (net) (-€22,282) and Other debts (-€15,782)
- Other debts -€15,782
down €15,782 (-79.6%), from €19,838 to €4,056
- Reserves +€12,500
up €12,500 (+8.4%), from €148,750 to €161,250
of which Distributable reserves: +€12,500
- Trade debts +€3,160
up €3,160 (+367%), from €862 to €4,022
- Gross operating margin -€37,600
down €37,600 (-80.3%), from -€46,840 to -€84,440
- Financial income +€21,240
up €21,240 (+23.4%), from €90,726 to €111,966
- Depreciation -€4,035
down €4,035 (-43.4%), from €9,288 to €5,253
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.
Derived cash bridge
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 | €204,862 | €206,773 | +€1,911 | +0.9% |
| Fixed assets | 21/28 | €17,647 | €34,676 | +€17,029 | +96.5% |
| Tangible fixed assets | 22/27 | €16,697 | €33,726 | +€17,029 | +102% |
| Furniture and vehicles | 24 | €16,697 | €33,726 | +€17,029 | +102% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €187,215 | €172,098 | -€15,117 | -8.1% |
| Amounts receivable within one year | 40/41 | €33,710 | €22,448 | -€11,262 | -33.4% |
| Trade receivables | 40 | €24,200 | - | -€24,200 | |
| Other amounts receivable | 41 | €9,510 | €22,448 | +€12,938 | +136% |
| Current investments | 50/53 | €115,158 | €115,158 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €36,625 | €34,101 | -€2,524 | -6.9% |
| Deferred charges and accrued income | 490/1 | €1,722 | €391 | -€1,331 | -77.3% |
| Total equity and liabilities | 10/49 | €204,862 | €206,773 | +€1,911 | +0.9% |
| Equity | 10/15 | €175,216 | €189,423 | +€14,207 | +8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €148,750 | €161,250 | +€12,500 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €146,890 | €159,390 | +€12,500 | +8.5% |
| Profit (loss) carried forward | 14 | €14,066 | €15,773 | +€1,707 | +12.1% |
| Amounts payable | 17/49 | €29,646 | €17,350 | -€12,296 | -41.5% |
| Amounts payable within one year | 42/48 | €29,646 | €16,275 | -€13,371 | -45.1% |
| Trade debts | 44 | €862 | €4,022 | +€3,160 | +367% |
| Suppliers | 440/4 | €862 | €4,022 | +€3,160 | +367% |
| Taxes, remuneration and social security | 45 | €8,946 | €8,197 | -€749 | -8.4% |
| Taxes | 450/3 | €8,023 | €8,197 | +€174 | +2.2% |
| Remuneration and social security | 454/9 | €923 | - | -€923 | |
| Other amounts payable | 47/48 | €19,838 | €4,056 | -€15,782 | -79.6% |
| Accrued charges and deferred income | 492/3 | - | €1,076 | +€1,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,288 | €5,253 | -€4,035 | -43.4% |
| Other operating charges | 640/8 | €1,222 | €1,797 | +€575 | +47.1% |
| Gross operating margin | 9900 | -€46,840 | -€84,440 | -€37,600 | -80.3% |
| Operating profit (loss) | 9901 | -€57,350 | -€91,491 | -€34,141 | -59.5% |
| Financial income | 75/76B | €90,726 | €111,966 | +€21,240 | +23.4% |
| Recurring financial income | 75 | €90,726 | €111,966 | +€21,240 | +23.4% |
| Financial charges | 65/66B | €184 | €101 | -€83 | -45.4% |
| Recurring financial charges | 65 | €184 | €101 | -€83 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €33,192 | €20,374 | -€12,818 | -38.6% |
| Income taxes | 67/77 | €6,947 | €6,167 | -€780 | -11.2% |
| Profit (loss) for the period | 9904 | €26,245 | €14,207 | -€12,038 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,245 | €14,207 | -€12,038 | -45.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.