AXIMET: 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.
AXIMET
Largest movements
- Receivables within one year -€94,453
down €94,453 (-20.8%), from €453,879 to €359,425
of which Trade receivables: -€92,336
- Cash +€92,342
up €92,342 (+3,051%), from €3,027 to €95,369
mainly Receivables within one year (+€94,453) and Net result for the year (+€71,632)
- Deferred charges and accrued income -€13,230
down €13,230 (-58.7%), from €22,533 to €9,303
- Intangible fixed assets -€10,691
down €10,691 (-27.1%), from €39,498 to €28,807
- Trade debts -€49,587
down €49,587 (-18.9%), from €262,095 to €212,508
- Reserves +€46,533
new in 2025: €46,533
- Debts after one year -€38,626
down €38,626 (-24.6%), from €156,893 to €118,267
of which Other amounts payable: -€38,626
- Profit (loss) carried forward +€25,099
up €25,099, from -€25,099 to €0
- Tax, wage and social debts -€9,307
down €9,307 (-22.1%), from €42,075 to €32,768
of which Taxes: -€13,381
- Gross operating margin +€75,508
up €75,508 (+27.8%), from €271,779 to €347,287
- Taxes +€18,615
up €18,615 (+307%), from €6,064 to €24,679
- Depreciation -€5,802
down €5,802 (-16.4%), from €35,427 to €29,625
- Financial charges +€4,338
up €4,338 (+1,051%), from €413 to €4,750
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 | €633,051 | €603,641 | -€29,409 | -4.6% |
| Fixed assets | 21/28 | €101,237 | €88,255 | -€12,982 | -12.8% |
| Intangible fixed assets | 21 | €39,498 | €28,807 | -€10,691 | -27.1% |
| Tangible fixed assets | 22/27 | €61,700 | €59,449 | -€2,251 | -3.6% |
| Plant, machinery and equipment | 23 | €56,860 | €43,436 | -€13,424 | -23.6% |
| Furniture and vehicles | 24 | €900 | €7,637 | +€6,737 | +748% |
| Other tangible fixed assets | 26 | €3,940 | €8,375 | +€4,436 | +113% |
| Financial fixed assets | 28 | €40 | €0 | -€40 | -100% |
| Current assets | 29/58 | €531,813 | €515,386 | -€16,427 | -3.1% |
| Stocks and contracts in progress | 3 | €52,375 | €51,289 | -€1,086 | -2.1% |
| Stocks | 30/36 | €52,375 | €51,289 | -€1,086 | -2.1% |
| Amounts receivable within one year | 40/41 | €453,879 | €359,425 | -€94,453 | -20.8% |
| Trade receivables | 40 | €409,735 | €317,400 | -€92,336 | -22.5% |
| Other amounts receivable | 41 | €44,143 | €42,026 | -€2,118 | -4.8% |
| Cash at bank and in hand | 54/58 | €3,027 | €95,369 | +€92,342 | +3,051% |
| Deferred charges and accrued income | 490/1 | €22,533 | €9,303 | -€13,230 | -58.7% |
| Total equity and liabilities | 10/49 | €633,051 | €603,641 | -€29,409 | -4.6% |
| Equity | 10/15 | €125,233 | €196,865 | +€71,632 | +57.2% |
| Contributions | 10/11 | €150,331 | €150,331 | = | 0.0% |
| Reserves | 13 | - | €46,533 | +€46,533 | |
| Distributable reserves | 133 | - | €46,533 | +€46,533 | |
| Profit (loss) carried forward | 14 | -€25,099 | €0 | +€25,099 | |
| Amounts payable | 17/49 | €507,818 | €406,777 | -€101,041 | -19.9% |
| Amounts payable after more than one year | 17 | €156,893 | €118,267 | -€38,626 | -24.6% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €156,893 | €118,267 | -€38,626 | -24.6% |
| Amounts payable within one year | 42/48 | €350,925 | €288,510 | -€62,415 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €45,175 | €41,654 | -€3,521 | -7.8% |
| Trade debts | 44 | €262,095 | €212,508 | -€49,587 | -18.9% |
| Suppliers | 440/4 | €262,095 | €212,508 | -€49,587 | -18.9% |
| Taxes, remuneration and social security | 45 | €42,075 | €32,768 | -€9,307 | -22.1% |
| Taxes | 450/3 | €18,387 | €5,005 | -€13,381 | -72.8% |
| Remuneration and social security | 454/9 | €23,689 | €27,763 | +€4,074 | +17.2% |
| Other amounts payable | 47/48 | €1,580 | €1,580 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €208,088 | €210,232 | +€2,144 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,427 | €29,625 | -€5,802 | -16.4% |
| Other operating charges | 640/8 | €4,026 | €5,116 | +€1,090 | +27.1% |
| Non-recurring operating charges | 66A | €0 | €1,252 | +€1,252 | |
| Gross operating margin | 9900 | €271,779 | €347,287 | +€75,508 | +27.8% |
| Operating profit (loss) | 9901 | €24,237 | €101,062 | +€76,824 | +317% |
| Financial income | 75/76B | €2,305 | €0 | -€2,305 | -100% |
| Recurring financial income | 75 | €2,305 | €0 | -€2,305 | -100% |
| Financial charges | 65/66B | €413 | €4,750 | +€4,338 | +1,051% |
| Recurring financial charges | 65 | €413 | €4,750 | +€4,338 | +1,051% |
| Profit (loss) for the period before taxes | 9903 | €26,129 | €96,311 | +€70,182 | +269% |
| Income taxes | 67/77 | €6,064 | €24,679 | +€18,615 | +307% |
| Profit (loss) for the period | 9904 | €20,065 | €71,632 | +€51,567 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €20,065 | €71,632 | +€51,567 | +257% |
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 30 October 2026 via checked.be.