Axion Construct: 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.
Axion Construct
Largest movements
- Tangible fixed assets -€1.4m
down €1.4m (-95.3%), from €1.4m to €66,791
of which Land and buildings: -€1.3m
- Receivables within one year +€253,624
up €253,624 (+27.5%), from €921,638 to €1.2m
of which Trade receivables: +€279,458
- Financial fixed assets -€109,455
down €109,455 (-19.1%), from €574,257 to €464,801
- Cash -€106,511
down €106,511 (-24.2%), from €440,477 to €333,966
mainly Debts after one year (-€1.0m) and Contributions, distributions and other (-€322,586)
- Stocks and contracts +€52,346
up €52,346 (+10.9%), from €479,530 to €531,876
of which Stocks: +€27,817
- Debts after one year -€1.0m
down €1.0m (-83.4%), from €1.2m to €200,694
- Revaluation surpluses -€322,586
down €322,586 (-100.0%), from €322,586 to €0
- Trade debts -€299,003
down €299,003 (-22.6%), from €1.3m to €1.0m
- Accrued charges and deferred income +€239,583
new in 2025: €239,583
- Profit (loss) carried forward +€115,173
up €115,173 (+17.8%), from €645,341 to €760,514
- Gross operating margin -€142,782
down €142,782 (-14.1%), from €1.0m to €872,574
- Staff costs -€52,937
down €52,937 (-9.3%), from €570,844 to €517,906
- Financial charges -€45,919
down €45,919 (-38.4%), from €119,605 to €73,686
- Taxes -€34,180
down €34,180 (-96.4%), from €35,473 to €1,293
- Depreciation -€19,303
down €19,303 (-35.9%), from €53,748 to €34,446
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 | €3,856,288 | €2,585,734 | -€1.3m | -32.9% |
| Fixed assets | 21/28 | €2,002,978 | €531,592 | -€1.5m | -73.5% |
| Tangible fixed assets | 22/27 | €1,428,722 | €66,791 | -€1.4m | -95.3% |
| Land and buildings | 22 | €1,323,962 | €0 | -€1.3m | -100.0% |
| Plant, machinery and equipment | 23 | €2,438 | €0 | -€2,438 | -100.0% |
| Furniture and vehicles | 24 | €40,299 | €25,515 | -€14,784 | -36.7% |
| Leasing and similar rights | 25 | €62,022 | €41,275 | -€20,747 | -33.5% |
| Financial fixed assets | 28 | €574,257 | €464,801 | -€109,455 | -19.1% |
| Current assets | 29/58 | €1,853,310 | €2,054,142 | +€200,833 | +10.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €479,530 | €531,876 | +€52,346 | +10.9% |
| Stocks | 30/36 | €222,154 | €249,971 | +€27,817 | +12.5% |
| Contracts in progress | 37 | €257,375 | €281,905 | +€24,530 | +9.5% |
| Amounts receivable within one year | 40/41 | €921,638 | €1,175,262 | +€253,624 | +27.5% |
| Trade receivables | 40 | €837,642 | €1,117,100 | +€279,458 | +33.4% |
| Other amounts receivable | 41 | €83,996 | €58,162 | -€25,834 | -30.8% |
| Cash at bank and in hand | 54/58 | €440,477 | €333,966 | -€106,511 | -24.2% |
| Deferred charges and accrued income | 490/1 | €11,665 | €13,039 | +€1,373 | +11.8% |
| Total equity and liabilities | 10/49 | €3,856,288 | €2,585,734 | -€1.3m | -32.9% |
| Equity | 10/15 | €1,022,939 | €815,526 | -€207,413 | -20.3% |
| Contributions | 10/11 | €44,968 | €44,968 | = | 0.0% |
| Revaluation surpluses | 12 | €322,586 | €0 | -€322,586 | -100.0% |
| Reserves | 13 | €10,044 | €10,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,044 | €10,044 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,044 | €10,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | €645,341 | €760,514 | +€115,173 | +17.8% |
| Amounts payable | 17/49 | €2,833,349 | €1,770,209 | -€1.1m | -37.5% |
| Amounts payable after more than one year | 17 | €1,212,339 | €200,694 | -€1.0m | -83.4% |
| Financial debts | 170/4 | €1,212,339 | €200,694 | -€1.0m | -83.4% |
| Amounts payable within one year | 42/48 | €1,621,010 | €1,329,932 | -€291,079 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €231,580 | €195,224 | -€36,356 | -15.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,323,279 | €1,024,276 | -€299,003 | -22.6% |
| Suppliers | 440/4 | €1,323,279 | €1,024,276 | -€299,003 | -22.6% |
| Taxes, remuneration and social security | 45 | €66,152 | €110,432 | +€44,281 | +66.9% |
| Taxes | 450/3 | €14,513 | €59,297 | +€44,784 | +308.6% |
| Remuneration and social security | 454/9 | €51,639 | €51,136 | -€503 | -1.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €239,583 | +€239,583 | |
| Non-recurring operating income | 76A | €705,804 | €208 | -€705,595 | -100.0% |
| Remuneration, social security and pensions | 62 | €570,844 | €517,906 | -€52,937 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,748 | €34,446 | -€19,303 | -35.9% |
| Other operating charges | 640/8 | €10,724 | €19,634 | +€8,910 | +83.1% |
| Non-recurring operating charges | 66A | €491 | €124,808 | +€124,317 | +25312.9% |
| Gross operating margin | 9900 | €1,015,356 | €872,574 | -€142,782 | -14.1% |
| Operating profit (loss) | 9901 | €379,549 | €175,780 | -€203,769 | -53.7% |
| Financial income | 75/76B | €4,243 | €14,372 | +€10,130 | +238.8% |
| Recurring financial income | 75 | €4,243 | €14,372 | +€10,130 | +238.8% |
| Financial charges | 65/66B | €119,605 | €73,686 | -€45,919 | -38.4% |
| Recurring financial charges | 65 | €119,605 | €73,686 | -€45,919 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €264,186 | €116,466 | -€147,720 | -55.9% |
| Income taxes | 67/77 | €35,473 | €1,293 | -€34,180 | -96.4% |
| Profit (loss) for the period | 9904 | €228,713 | €115,173 | -€113,541 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €228,713 | €115,173 | -€113,541 | -49.6% |
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 12 October 2026 via checked.be.