AXIO: 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.
AXIO
Largest movements
- Receivables within one year -€18,436
down €18,436 (-16.6%), from €110,804 to €92,368
of which Trade receivables: -€23,310
- Cash -€12,986
no longer reported in 2024 (was €12,986)
mainly Investment in fixed assets (net) (-€13,869) and Trade debts (-€12,786)
- Deferred charges and accrued income +€10,419
up €10,419 (+1240.4%), from €840 to €11,258
- Tangible fixed assets +€5,988
up €5,988 (+120.4%), from €4,974 to €10,962
of which Furniture and vehicles: +€9,117
- Stocks and contracts +€2,263
new in 2024: €2,263
- Trade debts -€12,786
down €12,786 (-59.8%), from €21,371 to €8,585
- Advances received -€5,581
down €5,581 (-26.7%), from €20,935 to €15,354
- Accrued charges and deferred income +€3,802
up €3,802 (+234.8%), from €1,619 to €5,422
- Short-term financial debts +€3,599
new in 2024: €3,599
- Profit (loss) carried forward -€2,740
down €2,740 (-4.2%), from €65,110 to €62,370
- Gross operating margin +€6,454
up €6,454 (+119.7%), from €5,393 to €11,847
- Depreciation +€3,112
up €3,112 (+65.3%), from €4,769 to €7,881
- Other operating charges +€1,639
up €1,639 (+61.1%), from €2,681 to €4,320
- Taxes -€253
down €253 (-12.9%), from €1,955 to €1,702
- Staff costs +€192
up €192 (+110.8%), from €174 to €366
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,604 | €116,851 | -€12,753 | -9.8% |
| Fixed assets | 21/28 | €4,974 | €10,962 | +€5,988 | +120.4% |
| Tangible fixed assets | 22/27 | €4,974 | €10,962 | +€5,988 | +120.4% |
| Plant, machinery and equipment | 23 | €3,722 | - | -€3,722 | |
| Furniture and vehicles | 24 | €1,252 | €10,369 | +€9,117 | +728.3% |
| Other tangible fixed assets | 26 | - | €593 | +€593 | |
| Current assets | 29/58 | €124,630 | €105,889 | -€18,741 | -15.0% |
| Stocks and contracts in progress | 3 | - | €2,263 | +€2,263 | |
| Stocks | 30/36 | - | €2,263 | +€2,263 | |
| Amounts receivable within one year | 40/41 | €110,804 | €92,368 | -€18,436 | -16.6% |
| Trade receivables | 40 | €77,731 | €54,421 | -€23,310 | -30.0% |
| Other amounts receivable | 41 | €33,074 | €37,947 | +€4,874 | +14.7% |
| Cash at bank and in hand | 54/58 | €12,986 | - | -€12,986 | |
| Deferred charges and accrued income | 490/1 | €840 | €11,258 | +€10,419 | +1240.4% |
| Total equity and liabilities | 10/49 | €129,604 | €116,851 | -€12,753 | -9.8% |
| Equity | 10/15 | €85,570 | €82,830 | -€2,740 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,110 | €62,370 | -€2,740 | -4.2% |
| Amounts payable | 17/49 | €44,034 | €34,021 | -€10,012 | -22.7% |
| Amounts payable within one year | 42/48 | €42,414 | €28,600 | -€13,815 | -32.6% |
| Financial debts | 43 | - | €3,599 | +€3,599 | |
| Credit institutions | 430/8 | - | €3,599 | +€3,599 | |
| Trade debts | 44 | €21,371 | €8,585 | -€12,786 | -59.8% |
| Suppliers | 440/4 | €21,371 | €8,585 | -€12,786 | -59.8% |
| Advances received on contracts in progress | 46 | €20,935 | €15,354 | -€5,581 | -26.7% |
| Taxes, remuneration and social security | 45 | €108 | €1,062 | +€953 | +880.1% |
| Taxes | 450/3 | €108 | €1,062 | +€953 | +880.1% |
| Accrued charges and deferred income | 492/3 | €1,619 | €5,422 | +€3,802 | +234.8% |
| Non-recurring operating income | 76A | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | €174 | €366 | +€192 | +110.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,769 | €7,881 | +€3,112 | +65.3% |
| Other operating charges | 640/8 | €2,681 | €4,320 | +€1,639 | +61.1% |
| Gross operating margin | 9900 | €5,393 | €11,847 | +€6,454 | +119.7% |
| Operating profit (loss) | 9901 | -€2,231 | -€720 | +€1,511 | +67.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €479 | €319 | -€160 | -33.4% |
| Recurring financial charges | 65 | €479 | €319 | -€160 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,709 | -€1,039 | +€1,671 | +61.7% |
| Income taxes | 67/77 | €1,955 | €1,702 | -€253 | -12.9% |
| Profit (loss) for the period | 9904 | -€4,664 | -€2,740 | +€1,924 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,664 | -€2,740 | +€1,924 | +41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.