AXIM: 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.
AXIM
Largest movements
- Cash -€130,706
down €130,706 (-50.9%), from €256,679 to €125,973
mainly Other debts (-€171,941) and Receivables within one year (-€50,685)
- Receivables within one year +€50,685
up €50,685 (+163.2%), from €31,059 to €81,744
of which Other amounts receivable: +€52,821
- Tangible fixed assets -€20,570
down €20,570 (-4.3%), from €474,791 to €454,222
- Other debts -€171,941
down €171,941 (-100.0%), from €171,941 to €0
- Reserves +€66,102
up €66,102 (+12.8%), from €516,879 to €582,981
of which Distributable reserves: +€66,102
- Tax, wage and social debts +€8,441
up €8,441, from €0 to €8,441
- Gross operating margin +€35,548
up €35,548 (+28.4%), from €125,074 to €160,622
- Taxes +€10,937
up €10,937 (+91.1%), from €12,001 to €22,937
- Depreciation -€4,450
down €4,450 (-17.8%), from €25,020 to €20,570
- Financial charges -€2,456
down €2,456 (-59.9%), from €4,103 to €1,647
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 | €762,530 | €661,939 | -€100,591 | -13.2% |
| Fixed assets | 21/28 | €474,791 | €454,222 | -€20,570 | -4.3% |
| Tangible fixed assets | 22/27 | €474,791 | €454,222 | -€20,570 | -4.3% |
| Land and buildings | 22 | €474,791 | €454,222 | -€20,570 | -4.3% |
| Current assets | 29/58 | €287,739 | €207,717 | -€80,021 | -27.8% |
| Amounts receivable within one year | 40/41 | €31,059 | €81,744 | +€50,685 | +163.2% |
| Trade receivables | 40 | €23,060 | €20,924 | -€2,136 | -9.3% |
| Other amounts receivable | 41 | €7,999 | €60,820 | +€52,821 | +660.3% |
| Cash at bank and in hand | 54/58 | €256,679 | €125,973 | -€130,706 | -50.9% |
| Total equity and liabilities | 10/49 | €762,530 | €661,939 | -€100,591 | -13.2% |
| Equity | 10/15 | €587,222 | €653,324 | +€66,102 | +11.3% |
| Contributions | 10/11 | €70,343 | €70,343 | = | 0.0% |
| Reserves | 13 | €516,879 | €582,981 | +€66,102 | +12.8% |
| Tax-exempt reserves | 132 | €5,721 | €5,721 | = | 0.0% |
| Distributable reserves | 133 | €511,158 | €577,260 | +€66,102 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €175,308 | €8,615 | -€166,693 | -95.1% |
| Amounts payable within one year | 42/48 | €175,308 | €8,615 | -€166,693 | -95.1% |
| Trade debts | 44 | €3,368 | €174 | -€3,194 | -94.8% |
| Suppliers | 440/4 | €3,368 | €174 | -€3,194 | -94.8% |
| Taxes, remuneration and social security | 45 | €0 | €8,441 | +€8,441 | |
| Taxes | 450/3 | €0 | €8,441 | +€8,441 | |
| Other amounts payable | 47/48 | €171,941 | €0 | -€171,941 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,020 | €20,570 | -€4,450 | -17.8% |
| Other operating charges | 640/8 | €47,949 | €49,439 | +€1,490 | +3.1% |
| Gross operating margin | 9900 | €125,074 | €160,622 | +€35,548 | +28.4% |
| Operating profit (loss) | 9901 | €52,105 | €90,613 | +€38,508 | +73.9% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €4,103 | €1,647 | -€2,456 | -59.9% |
| Recurring financial charges | 65 | €4,103 | €1,647 | -€2,456 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €48,003 | €89,040 | +€41,037 | +85.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €12,001 | €22,937 | +€10,937 | +91.1% |
| Profit (loss) for the period | 9904 | €36,002 | €66,102 | +€30,100 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,002 | €66,102 | +€30,100 | +83.6% |
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 10 October 2026 via checked.be.