AXIONA: 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.
What changed
AXIONA
NACE 64.910, Financial service activities, except insurance and pension funding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€45,528
2024 · -€8,255-€37,274
Equity
€945,758
2024 · €991,287-€45,528
Cash
€38,284
2024 · €28,874+€9,410
Balance sheet total
€2.8m
2024 · €2.9m-€137,145
Largest movements
Assets
- Financial fixed assets -€2.2m
no longer reported in 2025 (was €2.2m)
- Tangible fixed assets +€2.0m
up €2.0m (+288.8%), from €706,480 to €2.7m
of which Leasing and similar rights: +€1.0m
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-99.6%), from €1.3m to €5,250
- Profit (loss) carried forward -€621,665
down €621,665 (-73.4%), from €846,765 to €225,100
- Short-term financial debts +€600,000
new in 2025: €600,000
- Reserves +€576,136
up €576,136 (+4385.1%), from €13,138 to €589,275
of which Tax-exempt reserves: +€576,136
- Debts after one year +€303,451
up €303,451 (+50.6%), from €600,000 to €903,451
Income statement
- Gross operating margin +€162,507
up €162,507 (+207.6%), from €78,271 to €240,778
- Depreciation +€103,509
up €103,509 (+298.1%), from €34,723 to €138,233
- Write-downs +€62,073
new in 2025: €62,073
- Financial charges +€35,660
up €35,660 (+377.8%), from €9,439 to €45,099
- Other operating charges +€16,046
up €16,046 (+37.9%), from €42,365 to €58,412
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.
Result 2024
-€8,255
Gross operating margin
+€162,507
Depreciation
-€103,509
Write-downs
-€62,073
Other operating charges
-€16,046
Financial income
-€2
Financial charges
-€35,660
Taxes
-€4,828
Deferred taxes and other
+€22,339
Result 2025
-€45,528
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.
From operations
-€974,527
Investment
-€17,600
Financing
+€1.0m
Cash 2024
€28,874
From operations (derived)
-€974,527
Net result for the year
-€45,528
Depreciation
+€138,233
Receivables within one year
+€27,568
Deferred charges and accrued income
-€1,646
Provisions
+€192,046
Trade debts
+€37,946
Tax, wage and social debts
+€8,235
Other debts
-€1.3m
Investment (derived)
-€17,600
Investment in fixed assets (net)
-€17,600
Financing
+€1.0m
Debts after one year
+€303,451
Current portion of long-term debt
+€98,087
Short-term financial debts
+€600,000
Cash 2025
€38,284
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,938,688 | €2,801,542 | -€137,145 | -4.7% |
| Fixed assets | 21/28 | €2,867,717 | €2,747,084 | -€120,633 | -4.2% |
| Tangible fixed assets | 22/27 | €706,480 | €2,747,084 | +€2.0m | +288.8% |
| Land and buildings | 22 | €606,816 | €627,204 | +€20,388 | +3.4% |
| Plant, machinery and equipment | 23 | €98,636 | €87,687 | -€10,948 | -11.1% |
| Furniture and vehicles | 24 | €1,028 | €795 | -€233 | -22.6% |
| Leasing and similar rights | 25 | - | €1,026,261 | +€1.0m | |
| Other tangible fixed assets | 26 | - | €1,005,137 | +€1.0m | |
| Financial fixed assets | 28 | €2,161,237 | - | -€2.2m | |
| Current assets | 29/58 | €70,971 | €54,458 | -€16,513 | -23.3% |
| Amounts receivable within one year | 40/41 | €33,504 | €5,936 | -€27,568 | -82.3% |
| Trade receivables | 40 | €14,136 | €5,936 | -€8,200 | -58.0% |
| Other amounts receivable | 41 | €19,368 | - | -€19,368 | |
| Cash at bank and in hand | 54/58 | €28,874 | €38,284 | +€9,410 | +32.6% |
| Deferred charges and accrued income | 490/1 | €8,592 | €10,238 | +€1,646 | +19.2% |
| Total equity and liabilities | 10/49 | €2,938,688 | €2,801,542 | -€137,145 | -4.7% |
| Equity | 10/15 | €991,287 | €945,758 | -€45,528 | -4.6% |
| Contributions | 10/11 | €131,384 | €131,384 | = | 0.0% |
| Capital | 10 | €131,384 | €131,384 | = | 0.0% |
| Issued capital | 100 | €131,384 | €131,384 | = | 0.0% |
| Reserves | 13 | €13,138 | €589,275 | +€576,136 | +4385.1% |
| Non-distributable reserves | 130/1 | €13,138 | €13,138 | = | 0.0% |
| Legal reserve | 130 | €13,138 | €13,138 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €576,136 | +€576,136 | |
| Profit (loss) carried forward | 14 | €846,765 | €225,100 | -€621,665 | -73.4% |
| Provisions and deferred taxes | 16 | - | €192,046 | +€192,046 | |
| Deferred taxes | 168 | - | €192,046 | +€192,046 | |
| Amounts payable | 17/49 | €1,947,401 | €1,663,739 | -€283,662 | -14.6% |
| Amounts payable after more than one year | 17 | €600,000 | €903,451 | +€303,451 | +50.6% |
| Financial debts | 170/4 | €600,000 | €903,451 | +€303,451 | +50.6% |
| Amounts payable within one year | 42/48 | €1,347,401 | €760,288 | -€587,113 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | - | €98,087 | +€98,087 | |
| Financial debts | 43 | - | €600,000 | +€600,000 | |
| Other loans | 439 | - | €600,000 | +€600,000 | |
| Trade debts | 44 | €939 | €38,886 | +€37,946 | +4039.2% |
| Suppliers | 440/4 | €939 | €38,886 | +€37,946 | +4039.2% |
| Taxes, remuneration and social security | 45 | €9,831 | €18,066 | +€8,235 | +83.8% |
| Taxes | 450/3 | €9,831 | €18,066 | +€8,235 | +83.8% |
| Other amounts payable | 47/48 | €1,336,630 | €5,250 | -€1.3m | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,723 | €138,233 | +€103,509 | +298.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €62,073 | +€62,073 | |
| Other operating charges | 640/8 | €42,365 | €58,412 | +€16,046 | +37.9% |
| Gross operating margin | 9900 | €78,271 | €240,778 | +€162,507 | +207.6% |
| Operating profit (loss) | 9901 | €1,182 | -€17,940 | -€19,122 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €9,439 | €45,099 | +€35,660 | +377.8% |
| Recurring financial charges | 65 | €9,439 | €45,099 | +€35,660 | +377.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,255 | -€63,039 | -€54,784 | -663.7% |
| Transfer from deferred taxes | 780 | - | €22,339 | +€22,339 | |
| Income taxes | 67/77 | - | €4,828 | +€4,828 | |
| Profit (loss) for the period | 9904 | -€8,255 | -€45,528 | -€37,274 | -451.5% |
| Transfer from tax-exempt reserves | 789 | - | €67,016 | +€67,016 | |
| Transfer to tax-exempt reserves | 689 | - | €643,152 | +€643,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,255 | -€621,665 | -€613,410 | -7430.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.