AxiCo: 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.
AxiCo
Largest movements
- Receivables within one year +€19,497
up €19,497 (+82.3%), from €23,703 to €43,200
of which Other amounts receivable: +€14,580
- Cash -€9,915
down €9,915 (-61.1%), from €16,239 to €6,324
mainly Receivables within one year (-€19,497) and Investment in fixed assets (net) (-€9,170)
- Tangible fixed assets -€7,683
down €7,683 (-16.8%), from €45,660 to €37,977
of which Plant, machinery and equipment: -€5,295
- Reserves +€8,205
up €8,205 (+35.0%), from €23,412 to €31,617
- Trade debts -€7,476
down €7,476 (-80.2%), from €9,317 to €1,841
- Tax, wage and social debts +€6,430
up €6,430 (+53.4%), from €12,050 to €18,481
- Debts after one year -€3,977
down €3,977 (-15.7%), from €25,263 to €21,286
- Other debts -€1,379
no longer reported in 2025 (was €1,379)
- Gross operating margin +€9,585
up €9,585 (+45.1%), from €21,248 to €30,833
- Depreciation +€4,034
up €4,034 (+30.9%), from €13,060 to €17,093
- Financial charges +€2,414
up €2,414 (+165%), from €1,462 to €3,876
- Other operating charges -€2,236
down €2,236 (-85.2%), from €2,626 to €389
- Financial income +€1,323
up €1,323 (+9,395%), from €14 to €1,337
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 | €86,555 | €88,001 | +€1,446 | +1.7% |
| Formation expenses | 20 | €487 | €248 | -€240 | -49.2% |
| Fixed assets | 21/28 | €45,660 | €37,977 | -€7,683 | -16.8% |
| Tangible fixed assets | 22/27 | €45,660 | €37,977 | -€7,683 | -16.8% |
| Land and buildings | 22 | €14,029 | €12,613 | -€1,416 | -10.1% |
| Plant, machinery and equipment | 23 | €13,884 | €8,590 | -€5,295 | -38.1% |
| Furniture and vehicles | 24 | €17,747 | €16,775 | -€972 | -5.5% |
| Current assets | 29/58 | €40,408 | €49,777 | +€9,368 | +23.2% |
| Amounts receivable within one year | 40/41 | €23,703 | €43,200 | +€19,497 | +82.3% |
| Trade receivables | 40 | €8,842 | €13,759 | +€4,917 | +55.6% |
| Other amounts receivable | 41 | €14,861 | €29,441 | +€14,580 | +98.1% |
| Cash at bank and in hand | 54/58 | €16,239 | €6,324 | -€9,915 | -61.1% |
| Deferred charges and accrued income | 490/1 | €466 | €253 | -€213 | -45.8% |
| Total equity and liabilities | 10/49 | €86,555 | €88,001 | +€1,446 | +1.7% |
| Equity | 10/15 | €25,412 | €33,617 | +€8,205 | +32.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,412 | €31,617 | +€8,205 | +35.0% |
| Distributable reserves | 133 | €23,412 | €31,617 | +€8,205 | +35.0% |
| Amounts payable | 17/49 | €61,143 | €54,384 | -€6,759 | -11.1% |
| Amounts payable after more than one year | 17 | €25,263 | €21,286 | -€3,977 | -15.7% |
| Financial debts | 170/4 | €25,263 | €21,286 | -€3,977 | -15.7% |
| Amounts payable within one year | 42/48 | €35,880 | €33,098 | -€2,782 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €13,134 | €12,777 | -€357 | -2.7% |
| Trade debts | 44 | €9,317 | €1,841 | -€7,476 | -80.2% |
| Suppliers | 440/4 | €9,317 | €1,841 | -€7,476 | -80.2% |
| Taxes, remuneration and social security | 45 | €12,050 | €18,481 | +€6,430 | +53.4% |
| Taxes | 450/3 | €12,050 | €18,481 | +€6,430 | +53.4% |
| Other amounts payable | 47/48 | €1,379 | - | -€1,379 | |
| Non-recurring operating income | 76A | - | €4,848 | +€4,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,060 | €17,093 | +€4,034 | +30.9% |
| Other operating charges | 640/8 | €2,626 | €389 | -€2,236 | -85.2% |
| Gross operating margin | 9900 | €21,248 | €30,833 | +€9,585 | +45.1% |
| Operating profit (loss) | 9901 | €5,563 | €13,351 | +€7,788 | +140% |
| Financial income | 75/76B | €14 | €1,337 | +€1,323 | +9,395% |
| Recurring financial income | 75 | €14 | €1,337 | +€1,323 | +9,395% |
| Financial charges | 65/66B | €1,462 | €3,876 | +€2,414 | +165% |
| Recurring financial charges | 65 | €1,462 | €3,876 | +€2,414 | +165% |
| Profit (loss) for the period before taxes | 9903 | €4,114 | €10,811 | +€6,697 | +163% |
| Income taxes | 67/77 | €1,753 | €2,607 | +€854 | +48.7% |
| Profit (loss) for the period | 9904 | €2,362 | €8,205 | +€5,843 | +247% |
| Profit (loss) for the period to be appropriated | 9905 | €2,362 | €8,205 | +€5,843 | +247% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.