AXIGO: 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.
AXIGO
Largest movements
- Tangible fixed assets -€54,237
down €54,237 (-15.6%), from €346,749 to €292,512
- Cash +€3,930
up €3,930 (+12.4%), from €31,720 to €35,650
mainly Depreciation (+€54,237) and Net result for the year (+€28,033)
- Current portion of long-term debt -€43,292
down €43,292 (-58.7%), from €73,710 to €30,418
- Debts after one year -€30,418
down €30,418 (-10.4%), from €293,318 to €262,900
of which Financial debts: -€29,449
- Profit (loss) carried forward +€28,033
up €28,033 (+27.4%), from -€102,462 to -€74,430
- Gross operating margin +€11,290
up €11,290 (+13.9%), from €81,396 to €92,687
- Financial charges -€1,038
down €1,038 (-41.3%), from €2,514 to €1,476
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 | €385,905 | €340,270 | -€45,635 | -11.8% |
| Fixed assets | 21/28 | €346,749 | €292,512 | -€54,237 | -15.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €346,749 | €292,512 | -€54,237 | -15.6% |
| Land and buildings | 22 | €346,749 | €292,512 | -€54,237 | -15.6% |
| Current assets | 29/58 | €39,155 | €47,758 | +€8,603 | +22.0% |
| Amounts receivable within one year | 40/41 | €14 | €2,763 | +€2,749 | +20169.6% |
| Trade receivables | 40 | - | €2,763 | +€2,763 | |
| Other amounts receivable | 41 | €14 | €0 | -€14 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,720 | €35,650 | +€3,930 | +12.4% |
| Deferred charges and accrued income | 490/1 | €7,421 | €9,345 | +€1,924 | +25.9% |
| Total equity and liabilities | 10/49 | €385,905 | €340,270 | -€45,635 | -11.8% |
| Equity | 10/15 | -€83,870 | -€55,838 | +€28,033 | +33.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,462 | -€74,430 | +€28,033 | +27.4% |
| Amounts payable | 17/49 | €469,775 | €396,108 | -€73,667 | -15.7% |
| Amounts payable after more than one year | 17 | €293,318 | €262,900 | -€30,418 | -10.4% |
| Financial debts | 170/4 | €29,449 | €0 | -€29,449 | -100.0% |
| Other amounts payable | 178/9 | €263,869 | €262,900 | -€969 | -0.4% |
| Amounts payable within one year | 42/48 | €176,457 | €133,208 | -€43,249 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €73,710 | €30,418 | -€43,292 | -58.7% |
| Trade debts | 44 | €339 | €488 | +€149 | +44.1% |
| Suppliers | 440/4 | €339 | €488 | +€149 | +44.1% |
| Taxes, remuneration and social security | 45 | €139 | €63 | -€76 | -54.8% |
| Taxes | 450/3 | €139 | €63 | -€76 | -54.8% |
| Other amounts payable | 47/48 | €102,269 | €102,239 | -€30 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,312 | €54,237 | -€75 | -0.1% |
| Other operating charges | 640/8 | €8,664 | €8,964 | +€299 | +3.5% |
| Gross operating margin | 9900 | €81,396 | €92,687 | +€11,290 | +13.9% |
| Operating profit (loss) | 9901 | €18,420 | €29,485 | +€11,065 | +60.1% |
| Financial income | 75/76B | €121 | €36 | -€85 | -70.0% |
| Recurring financial income | 75 | €121 | €36 | -€85 | -70.0% |
| Financial charges | 65/66B | €2,514 | €1,476 | -€1,038 | -41.3% |
| Recurring financial charges | 65 | €2,514 | €1,476 | -€1,038 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €16,027 | €28,045 | +€12,019 | +75.0% |
| Income taxes | 67/77 | €36 | €13 | -€24 | -65.2% |
| Profit (loss) for the period | 9904 | €15,990 | €28,033 | +€12,042 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,990 | €28,033 | +€12,042 | +75.3% |
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 29 September 2026 via checked.be.