AXIFIN: 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.
AXIFIN
Largest movements
- Tangible fixed assets -€7,414
down €7,414 (-26.0%), from €28,537 to €21,124
- Cash +€3,778
up €3,778 (+27.1%), from €13,936 to €17,714
mainly Net result for the year (+€33,333) and Depreciation (+€7,414)
- Reserves +€33,333
up €33,333 (+113%), from €29,472 to €62,804
- Debts after one year -€25,377
down €25,377 (-13.6%), from €185,996 to €160,619
- Tax, wage and social debts -€9,198
down €9,198 (-91.8%), from €10,024 to €826
of which Taxes: -€9,198
- Gross operating margin +€8,871
up €8,871 (+15.7%), from €56,612 to €65,483
- Taxes +€4,551
up €4,551 (+46.3%), from €9,824 to €14,375
- Financial charges +€4,350
up €4,350 (+75.9%), from €5,731 to €10,081
of which Financial charges: +€4,023
- Other operating charges -€1,051
down €1,051 (-63.1%), from €1,665 to €614
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 | €352,527 | €350,466 | -€2,061 | -0.6% |
| Fixed assets | 21/28 | €323,202 | €315,788 | -€7,414 | -2.3% |
| Tangible fixed assets | 22/27 | €28,537 | €21,124 | -€7,414 | -26.0% |
| Furniture and vehicles | 24 | €28,537 | €21,124 | -€7,414 | -26.0% |
| Financial fixed assets | 28 | €294,665 | €294,665 | = | 0.0% |
| Current assets | 29/58 | €29,325 | €34,678 | +€5,353 | +18.3% |
| Amounts receivable within one year | 40/41 | €26 | €725 | +€699 | +2,660% |
| Other amounts receivable | 41 | €26 | €725 | +€699 | +2,660% |
| Current investments | 50/53 | €15,148 | €16,239 | +€1,091 | +7.2% |
| Cash at bank and in hand | 54/58 | €13,936 | €17,714 | +€3,778 | +27.1% |
| Deferred charges and accrued income | 490/1 | €215 | €0 | -€215 | -100% |
| Total equity and liabilities | 10/49 | €352,527 | €350,466 | -€2,061 | -0.6% |
| Equity | 10/15 | €31,472 | €64,804 | +€33,333 | +106% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,472 | €62,804 | +€33,333 | +113% |
| Distributable reserves | 133 | €29,472 | €62,804 | +€33,333 | +113% |
| Amounts payable | 17/49 | €321,055 | €285,662 | -€35,394 | -11.0% |
| Amounts payable after more than one year | 17 | €185,996 | €160,619 | -€25,377 | -13.6% |
| Financial debts | 170/4 | €185,996 | €160,619 | -€25,377 | -13.6% |
| Amounts payable within one year | 42/48 | €135,059 | €125,043 | -€10,016 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €24,419 | €25,377 | +€959 | +3.9% |
| Trade debts | 44 | €916 | €1,318 | +€402 | +43.9% |
| Suppliers | 440/4 | €916 | €1,318 | +€402 | +43.9% |
| Taxes, remuneration and social security | 45 | €10,024 | €826 | -€9,198 | -91.8% |
| Taxes | 450/3 | €9,824 | €626 | -€9,198 | -93.6% |
| Remuneration and social security | 454/9 | €200 | €200 | = | 0.0% |
| Other amounts payable | 47/48 | €99,701 | €97,522 | -€2,179 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,414 | €7,414 | = | 0.0% |
| Other operating charges | 640/8 | €1,665 | €614 | -€1,051 | -63.1% |
| Gross operating margin | 9900 | €56,612 | €65,483 | +€8,871 | +15.7% |
| Operating profit (loss) | 9901 | €47,534 | €57,455 | +€9,922 | +20.9% |
| Financial income | 75/76B | - | €333 | +€333 | |
| Recurring financial income | 75 | - | €333 | +€333 | |
| Financial charges | 65/66B | €5,731 | €10,081 | +€4,350 | +75.9% |
| Recurring financial charges | 65 | €5,731 | €9,753 | +€4,023 | +70.2% |
| Non-recurring financial charges | 66B | €0 | €328 | +€328 | +3,278,300% |
| Profit (loss) for the period before taxes | 9903 | €41,803 | €47,707 | +€5,905 | +14.1% |
| Income taxes | 67/77 | €9,824 | €14,375 | +€4,551 | +46.3% |
| Profit (loss) for the period | 9904 | €31,979 | €33,333 | +€1,353 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,979 | €33,333 | +€1,353 | +4.2% |
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 25 October 2026 via checked.be.