AXILIOS: 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.
AXILIOS
Largest movements
- Receivables within one year -€392,161
down €392,161 (-53.1%), from €738,099 to €345,938
of which Trade receivables: -€313,058
- Cash +€74,259
up €74,259 (+83.3%), from €89,108 to €163,366
mainly Receivables within one year (+€392,161) and Net result for the year (+€108,454)
- Deferred charges and accrued income -€21,146
no longer reported in 2025 (was €21,146)
- Tangible fixed assets -€15,254
down €15,254 (-4.0%), from €384,404 to €369,150
of which Land and buildings: -€13,141
- Trade debts -€357,535
down €357,535 (-48.5%), from €737,788 to €380,253
- Reserves +€109,000
up €109,000 (+40.9%), from €266,735 to €375,735
of which Distributable reserves: +€109,000
- Other debts -€47,900
down €47,900 (-98.5%), from €48,638 to €738
- Tax, wage and social debts -€30,437
down €30,437 (-21.8%), from €139,339 to €108,902
- Debts after one year -€28,000
down €28,000 (-88.9%), from €31,500 to €3,500
- Financial income +€54,390
up €54,390 (+737%), from €7,375 to €61,765
- Financial charges +€33,938
up €33,938 (+204%), from €16,606 to €50,544
- Taxes +€6,824
up €6,824 (+21.4%), from €31,817 to €38,642
- Gross operating margin +€6,251
up €6,251 (+4.2%), from €147,613 to €153,864
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 | €1,232,757 | €878,455 | -€354,303 | -28.7% |
| Fixed assets | 21/28 | €384,404 | €369,150 | -€15,254 | -4.0% |
| Tangible fixed assets | 22/27 | €384,404 | €369,150 | -€15,254 | -4.0% |
| Land and buildings | 22 | €376,847 | €363,706 | -€13,141 | -3.5% |
| Plant, machinery and equipment | 23 | €7,047 | €5,444 | -€1,603 | -22.8% |
| Furniture and vehicles | 24 | €510 | - | -€510 | |
| Current assets | 29/58 | €848,353 | €509,304 | -€339,049 | -40.0% |
| Amounts receivable within one year | 40/41 | €738,099 | €345,938 | -€392,161 | -53.1% |
| Trade receivables | 40 | €653,464 | €340,406 | -€313,058 | -47.9% |
| Other amounts receivable | 41 | €84,635 | €5,532 | -€79,103 | -93.5% |
| Cash at bank and in hand | 54/58 | €89,108 | €163,366 | +€74,259 | +83.3% |
| Deferred charges and accrued income | 490/1 | €21,146 | - | -€21,146 | |
| Total equity and liabilities | 10/49 | €1,232,757 | €878,455 | -€354,303 | -28.7% |
| Equity | 10/15 | €274,366 | €382,820 | +€108,454 | +39.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €266,735 | €375,735 | +€109,000 | +40.9% |
| Tax-exempt reserves | 132 | €56,835 | €56,835 | = | 0.0% |
| Distributable reserves | 133 | €209,900 | €318,900 | +€109,000 | +51.9% |
| Profit (loss) carried forward | 14 | €631 | €85 | -€546 | -86.6% |
| Amounts payable | 17/49 | €958,391 | €495,635 | -€462,757 | -48.3% |
| Amounts payable after more than one year | 17 | €31,500 | €3,500 | -€28,000 | -88.9% |
| Other amounts payable | 178/9 | €31,500 | €3,500 | -€28,000 | -88.9% |
| Amounts payable within one year | 42/48 | €925,765 | €489,892 | -€435,873 | -47.1% |
| Trade debts | 44 | €737,788 | €380,253 | -€357,535 | -48.5% |
| Suppliers | 440/4 | €737,788 | €380,253 | -€357,535 | -48.5% |
| Taxes, remuneration and social security | 45 | €139,339 | €108,902 | -€30,437 | -21.8% |
| Taxes | 450/3 | €139,339 | €108,902 | -€30,437 | -21.8% |
| Other amounts payable | 47/48 | €48,638 | €738 | -€47,900 | -98.5% |
| Accrued charges and deferred income | 492/3 | €1,126 | €2,242 | +€1,116 | +99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,303 | €15,254 | -€50 | -0.3% |
| Other operating charges | 640/8 | €1,403 | €2,735 | +€1,333 | +95.0% |
| Gross operating margin | 9900 | €147,613 | €153,864 | +€6,251 | +4.2% |
| Operating profit (loss) | 9901 | €130,907 | €135,875 | +€4,968 | +3.8% |
| Financial income | 75/76B | €7,375 | €61,765 | +€54,390 | +737% |
| Recurring financial income | 75 | €7,375 | €61,765 | +€54,390 | +737% |
| Financial charges | 65/66B | €16,606 | €50,544 | +€33,938 | +204% |
| Recurring financial charges | 65 | €16,606 | €50,544 | +€33,938 | +204% |
| Profit (loss) for the period before taxes | 9903 | €121,676 | €147,096 | +€25,420 | +20.9% |
| Income taxes | 67/77 | €31,817 | €38,642 | +€6,824 | +21.4% |
| Profit (loss) for the period | 9904 | €89,859 | €108,454 | +€18,595 | +20.7% |
| Transfer to tax-exempt reserves | 689 | €56,835 | - | -€56,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,024 | €108,454 | +€75,430 | +228% |
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 23 October 2026 via checked.be.