AXINESIS: 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.
AXINESIS
Largest movements
- Receivables within one year -€85,482
down €85,482 (-27.7%), from €308,887 to €223,405
of which Trade receivables: -€86,951
- Intangible fixed assets +€75,924
up €75,924 (+7.4%), from €1.0m to €1.1m
- Deferred charges and accrued income -€31,590
down €31,590 (-70.3%), from €44,935 to €13,345
- Tangible fixed assets -€23,887
down €23,887 (-36.9%), from €64,711 to €40,824
of which Furniture and vehicles: -€13,080
- Profit (loss) carried forward -€522,816
down €522,816 (-13.3%), from -€3.9m to -€4.5m
- Debts after one year +€218,459
up €218,459 (+12.7%), from €1.7m to €1.9m
- Trade debts +€111,263
up €111,263 (+57.4%), from €193,786 to €305,049
- Short-term financial debts +€93,431
up €93,431 (+117.4%), from €79,564 to €172,995
- Accrued charges and deferred income +€43,356
up €43,356 (+944.1%), from €4,592 to €47,949
- Staff costs -€454,879
down €454,879 (-40.0%), from €1.1m to €683,270
- Gross operating margin +€142,607
up €142,607 (+28.9%), from €493,748 to €636,355
- Depreciation -€126,341
down €126,341 (-25.9%), from €487,783 to €361,442
- Financial charges +€32,133
up €32,133 (+21.2%), from €151,811 to €183,944
- Other operating charges -€11,679
down €11,679 (-28.0%), from €41,719 to €30,040
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 | €1,727,587 | €1,669,939 | -€57,649 | -3.3% |
| Fixed assets | 21/28 | €1,086,336 | €1,138,373 | +€52,037 | +4.8% |
| Intangible fixed assets | 21 | €1,021,625 | €1,097,549 | +€75,924 | +7.4% |
| Tangible fixed assets | 22/27 | €64,711 | €40,824 | -€23,887 | -36.9% |
| Plant, machinery and equipment | 23 | €31,024 | €22,455 | -€8,569 | -27.6% |
| Furniture and vehicles | 24 | €24,182 | €11,102 | -€13,080 | -54.1% |
| Other tangible fixed assets | 26 | €9,505 | €7,267 | -€2,239 | -23.6% |
| Current assets | 29/58 | €641,251 | €531,566 | -€109,685 | -17.1% |
| Amounts receivable after more than one year | 29 | €1,500 | €1,500 | = | 0.0% |
| Trade receivables | 290 | €1,500 | €1,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €285,133 | €292,417 | +€7,283 | +2.6% |
| Stocks | 30/36 | €285,133 | €292,417 | +€7,283 | +2.6% |
| Amounts receivable within one year | 40/41 | €308,887 | €223,405 | -€85,482 | -27.7% |
| Trade receivables | 40 | €160,242 | €73,292 | -€86,951 | -54.3% |
| Other amounts receivable | 41 | €148,645 | €150,114 | +€1,469 | +1.0% |
| Cash at bank and in hand | 54/58 | €795 | €899 | +€104 | +13.0% |
| Deferred charges and accrued income | 490/1 | €44,935 | €13,345 | -€31,590 | -70.3% |
| Total equity and liabilities | 10/49 | €1,727,587 | €1,669,939 | -€57,649 | -3.3% |
| Equity | 10/15 | -€630,311 | -€1,153,101 | -€522,790 | -82.9% |
| Contributions | 10/11 | €2,985,470 | €2,985,470 | = | 0.0% |
| Capital | 10 | €415,125 | €415,125 | = | 0.0% |
| Issued capital | 100 | €415,125 | €415,125 | = | 0.0% |
| Outside capital | 11 | €2,570,345 | €2,570,345 | = | 0.0% |
| Share premium | 1100/10 | €2,570,345 | €2,570,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,927,843 | -€4,450,659 | -€522,816 | -13.3% |
| Investment grants | 15 | €312,062 | €312,088 | +€26 | 0.0% |
| Amounts payable | 17/49 | €2,357,898 | €2,823,040 | +€465,142 | +19.7% |
| Amounts payable after more than one year | 17 | €1,725,772 | €1,944,231 | +€218,459 | +12.7% |
| Financial debts | 170/4 | €1,725,772 | €1,944,231 | +€218,459 | +12.7% |
| Amounts payable within one year | 42/48 | €627,534 | €830,860 | +€203,326 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €91,813 | €124,231 | +€32,418 | +35.3% |
| Financial debts | 43 | €79,564 | €172,995 | +€93,431 | +117.4% |
| Credit institutions | 430/8 | €79,564 | €172,995 | +€93,431 | +117.4% |
| Trade debts | 44 | €193,786 | €305,049 | +€111,263 | +57.4% |
| Suppliers | 440/4 | €193,786 | €305,049 | +€111,263 | +57.4% |
| Taxes, remuneration and social security | 45 | €108,788 | €75,003 | -€33,785 | -31.1% |
| Taxes | 450/3 | €19,415 | €6,838 | -€12,578 | -64.8% |
| Remuneration and social security | 454/9 | €89,372 | €68,165 | -€21,207 | -23.7% |
| Other amounts payable | 47/48 | €153,583 | €153,583 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,592 | €47,949 | +€43,356 | +944.1% |
| Remuneration, social security and pensions | 62 | €1,138,149 | €683,270 | -€454,879 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487,783 | €361,442 | -€126,341 | -25.9% |
| Other operating charges | 640/8 | €41,719 | €30,040 | -€11,679 | -28.0% |
| Gross operating margin | 9900 | €493,748 | €636,355 | +€142,607 | +28.9% |
| Operating profit (loss) | 9901 | -€1,173,903 | -€438,396 | +€735,507 | +62.7% |
| Financial income | 75/76B | €104,831 | €99,525 | -€5,306 | -5.1% |
| Recurring financial income | 75 | €104,831 | €99,525 | -€5,306 | -5.1% |
| Financial charges | 65/66B | €151,811 | €183,944 | +€32,133 | +21.2% |
| Recurring financial charges | 65 | €151,811 | €183,944 | +€32,133 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,220,884 | -€522,816 | +€698,068 | +57.2% |
| Profit (loss) for the period | 9904 | -€1,220,884 | -€522,816 | +€698,068 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,220,884 | -€522,816 | +€698,068 | +57.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.