AXIOM: 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.
AXIOM
Largest movements
- Receivables within one year +€26,856
up €26,856 (+2630.1%), from €1,021 to €27,877
of which Trade receivables: +€22,247
- Cash -€23,168
down €23,168 (-18.9%), from €122,826 to €99,659
mainly Receivables within one year (-€26,856) and Tax, wage and social debts (-€6,602)
- Tangible fixed assets -€4,566
down €4,566 (-37.7%), from €12,115 to €7,549
- Reserves +€9,890
up €9,890 (+6.5%), from €153,065 to €162,955
of which Distributable reserves: +€9,890
- Tax, wage and social debts -€6,602
down €6,602 (-86.2%), from €7,656 to €1,054
- Other debts -€4,895
down €4,895 (-78.4%), from €6,247 to €1,352
- Gross operating margin -€11,455
down €11,455 (-34.6%), from €33,088 to €21,633
- Taxes -€1,706
down €1,706 (-25.2%), from €6,776 to €5,070
- Other operating charges -€483
down €483 (-30.5%), from €1,582 to €1,099
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 | €235,224 | €234,388 | -€837 | -0.4% |
| Fixed assets | 21/28 | €12,115 | €7,549 | -€4,566 | -37.7% |
| Tangible fixed assets | 22/27 | €12,115 | €7,549 | -€4,566 | -37.7% |
| Furniture and vehicles | 24 | €12,115 | €7,549 | -€4,566 | -37.7% |
| Current assets | 29/58 | €223,109 | €226,839 | +€3,730 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,021 | €27,877 | +€26,856 | +2630.1% |
| Trade receivables | 40 | €1,021 | €23,268 | +€22,247 | +2178.7% |
| Other amounts receivable | 41 | - | €4,609 | +€4,609 | |
| Current investments | 50/53 | €97,722 | €97,722 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,826 | €99,659 | -€23,168 | -18.9% |
| Deferred charges and accrued income | 490/1 | €1,540 | €1,582 | +€42 | +2.7% |
| Total equity and liabilities | 10/49 | €235,224 | €234,388 | -€837 | -0.4% |
| Equity | 10/15 | €215,065 | €224,955 | +€9,890 | +4.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €153,065 | €162,955 | +€9,890 | +6.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €146,865 | €156,755 | +€9,890 | +6.7% |
| Amounts payable | 17/49 | €20,159 | €9,433 | -€10,727 | -53.2% |
| Amounts payable within one year | 42/48 | €20,159 | €9,433 | -€10,727 | -53.2% |
| Trade debts | 44 | €6,257 | €7,027 | +€770 | +12.3% |
| Suppliers | 440/4 | €6,257 | €7,027 | +€770 | +12.3% |
| Taxes, remuneration and social security | 45 | €7,656 | €1,054 | -€6,602 | -86.2% |
| Taxes | 450/3 | €7,656 | €1,054 | -€6,602 | -86.2% |
| Other amounts payable | 47/48 | €6,247 | €1,352 | -€4,895 | -78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,566 | €4,566 | = | 0.0% |
| Other operating charges | 640/8 | €1,582 | €1,099 | -€483 | -30.5% |
| Gross operating margin | 9900 | €33,088 | €21,633 | -€11,455 | -34.6% |
| Operating profit (loss) | 9901 | €26,940 | €15,968 | -€10,971 | -40.7% |
| Financial income | 75/76B | €207 | €82 | -€125 | -60.4% |
| Recurring financial income | 75 | €207 | €82 | -€125 | -60.4% |
| Financial charges | 65/66B | €910 | €1,090 | +€180 | +19.8% |
| Recurring financial charges | 65 | €910 | €1,090 | +€180 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €26,237 | €14,960 | -€11,276 | -43.0% |
| Income taxes | 67/77 | €6,776 | €5,070 | -€1,706 | -25.2% |
| Profit (loss) for the period | 9904 | €19,461 | €9,890 | -€9,571 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,461 | €9,890 | -€9,571 | -49.2% |
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.