AXINE: 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.
AXINE
Largest movements
- Cash -€16,567
down €16,567 (-12.3%), from €134,640 to €118,073
mainly Other debts (-€59,340) and Tax, wage and social debts (-€1,910)
- Other debts -€59,340
no longer reported in 2025 (was €59,340)
- Profit (loss) carried forward +€44,566
up €44,566 (+65.5%), from €68,027 to €112,593
- Tax, wage and social debts -€1,910
down €1,910 (-17.9%), from €10,660 to €8,750
of which Taxes: -€1,750
- Turnover +€7,845
up €7,845 (+5.7%), from €137,436 to €145,281
- Purchases and services +€5,062
up €5,062 (+6.2%), from €82,284 to €87,346
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 | €163,808 | €147,705 | -€16,103 | -9.8% |
| Fixed assets | 21/28 | €7,258 | €6,806 | -€452 | -6.2% |
| Tangible fixed assets | 22/27 | €1,078 | €626 | -€452 | -41.9% |
| Furniture and vehicles | 24 | €1,078 | €626 | -€452 | -41.9% |
| Financial fixed assets | 28 | €6,180 | €6,180 | = | 0.0% |
| Current assets | 29/58 | €156,550 | €140,899 | -€15,651 | -10.0% |
| Amounts receivable within one year | 40/41 | €20,326 | €21,166 | +€840 | +4.1% |
| Trade receivables | 40 | €20,321 | €20,429 | +€108 | +0.5% |
| Other amounts receivable | 41 | €5 | €737 | +€732 | +14640.0% |
| Cash at bank and in hand | 54/58 | €134,640 | €118,073 | -€16,567 | -12.3% |
| Deferred charges and accrued income | 490/1 | €1,584 | €1,660 | +€76 | +4.8% |
| Total equity and liabilities | 10/49 | €163,808 | €147,705 | -€16,103 | -9.8% |
| Equity | 10/15 | €93,487 | €138,053 | +€44,566 | +47.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,027 | €112,593 | +€44,566 | +65.5% |
| Amounts payable | 17/49 | €70,321 | €9,652 | -€60,669 | -86.3% |
| Amounts payable within one year | 42/48 | €70,321 | €9,652 | -€60,669 | -86.3% |
| Trade debts | 44 | €321 | €902 | +€581 | +181.0% |
| Suppliers | 440/4 | €321 | €902 | +€581 | +181.0% |
| Taxes, remuneration and social security | 45 | €10,660 | €8,750 | -€1,910 | -17.9% |
| Taxes | 450/3 | €8,000 | €6,250 | -€1,750 | -21.9% |
| Remuneration and social security | 454/9 | €2,660 | €2,500 | -€160 | -6.0% |
| Other amounts payable | 47/48 | €59,340 | - | -€59,340 | |
| Turnover | 70 | €137,436 | €145,281 | +€7,845 | +5.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,284 | €87,346 | +€5,062 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €452 | +€171 | +60.9% |
| Other operating charges | 640/8 | €368 | €363 | -€5 | -1.4% |
| Gross operating margin | 9900 | €56,773 | €57,935 | +€1,162 | +2.0% |
| Operating profit (loss) | 9901 | €56,124 | €57,120 | +€996 | +1.8% |
| Financial charges | 65/66B | €250 | €288 | +€38 | +15.2% |
| Recurring financial charges | 65 | €250 | €288 | +€38 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €55,874 | €56,832 | +€958 | +1.7% |
| Income taxes | 67/77 | €12,079 | €12,266 | +€187 | +1.5% |
| Profit (loss) for the period | 9904 | €43,795 | €44,566 | +€771 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,795 | €44,566 | +€771 | +1.8% |
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.