AXILIUS: 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.
AXILIUS
Largest movements
- Tangible fixed assets -€91,844
down €91,844 (-5.8%), from €1.6m to €1.5m
of which Land and buildings: -€85,412
- Cash +€26,803
up €26,803 (+950.5%), from €2,820 to €29,623
mainly Depreciation (+€115,157) and Short-term financial debts (+€80,000)
- Receivables within one year +€17,255
up €17,255 (+23.3%), from €74,137 to €91,391
- Debts after one year -€172,223
down €172,223 (-47.6%), from €362,192 to €189,970
- Short-term financial debts +€80,000
up €80,000 (+7.4%), from €1.1m to €1.2m
- Profit (loss) carried forward +€48,232
up €48,232 (+12.7%), from -€380,764 to -€332,532
- Gross operating margin -€10,080
down €10,080 (-4.5%), from €226,257 to €216,176
- Depreciation +€2,414
up €2,414 (+2.1%), from €112,743 to €115,157
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,648,951 | €1,601,166 | -€47,786 | -2.9% |
| Fixed assets | 21/28 | €1,571,995 | €1,480,151 | -€91,844 | -5.8% |
| Tangible fixed assets | 22/27 | €1,571,995 | €1,480,151 | -€91,844 | -5.8% |
| Land and buildings | 22 | €1,360,816 | €1,275,404 | -€85,412 | -6.3% |
| Plant, machinery and equipment | 23 | €106,902 | €108,751 | +€1,849 | +1.7% |
| Furniture and vehicles | 24 | €8,365 | €6,136 | -€2,230 | -26.7% |
| Other tangible fixed assets | 26 | €95,911 | €89,860 | -€6,051 | -6.3% |
| Current assets | 29/58 | €76,957 | €121,015 | +€44,058 | +57.3% |
| Amounts receivable within one year | 40/41 | €74,137 | €91,391 | +€17,255 | +23.3% |
| Trade receivables | 40 | €74,137 | €91,391 | +€17,255 | +23.3% |
| Cash at bank and in hand | 54/58 | €2,820 | €29,623 | +€26,803 | +950.5% |
| Total equity and liabilities | 10/49 | €1,648,951 | €1,601,166 | -€47,786 | -2.9% |
| Equity | 10/15 | -€140,764 | -€92,532 | +€48,232 | +34.3% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€380,764 | -€332,532 | +€48,232 | +12.7% |
| Amounts payable | 17/49 | €1,789,715 | €1,693,697 | -€96,018 | -5.4% |
| Amounts payable after more than one year | 17 | €362,192 | €189,970 | -€172,223 | -47.6% |
| Financial debts | 170/4 | €362,192 | €189,970 | -€172,223 | -47.6% |
| Amounts payable within one year | 42/48 | €1,388,185 | €1,472,305 | +€84,120 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €203,291 | €211,817 | +€8,526 | +4.2% |
| Financial debts | 43 | €1,084,282 | €1,164,282 | +€80,000 | +7.4% |
| Other loans | 439 | €1,084,282 | €1,164,282 | +€80,000 | +7.4% |
| Trade debts | 44 | €20,663 | €23,675 | +€3,012 | +14.6% |
| Suppliers | 440/4 | €20,663 | €23,675 | +€3,012 | +14.6% |
| Taxes, remuneration and social security | 45 | €2,216 | €2,565 | +€350 | +15.8% |
| Taxes | 450/3 | €2,216 | €2,565 | +€350 | +15.8% |
| Other amounts payable | 47/48 | €77,734 | €69,967 | -€7,767 | -10.0% |
| Accrued charges and deferred income | 492/3 | €39,338 | €31,423 | -€7,916 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,743 | €115,157 | +€2,414 | +2.1% |
| Other operating charges | 640/8 | €31,859 | €31,777 | -€82 | -0.3% |
| Gross operating margin | 9900 | €226,257 | €216,176 | -€10,080 | -4.5% |
| Operating profit (loss) | 9901 | €81,655 | €69,242 | -€12,412 | -15.2% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €21,773 | €21,010 | -€763 | -3.5% |
| Recurring financial charges | 65 | €21,773 | €21,010 | -€763 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €59,902 | €48,232 | -€11,670 | -19.5% |
| Profit (loss) for the period | 9904 | €59,902 | €48,232 | -€11,670 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,902 | €48,232 | -€11,670 | -19.5% |
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 7 October 2026 via checked.be.