AXIONIMMO: 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.
AXIONIMMO
Largest movements
- Receivables within one year +€33,726
up €33,726 (+426.6%), from €7,906 to €41,632
of which Trade receivables: +€31,688
- Intangible fixed assets -€24,805
no longer reported in 2025 (was €24,805)
- Cash -€20,161
down €20,161 (-39.2%), from €51,407 to €31,246
mainly Debts after one year (-€40,074) and Receivables within one year (-€33,726)
- Tangible fixed assets -€16,743
down €16,743 (-2.8%), from €601,042 to €584,300
of which Land and buildings: -€15,175
- Debts after one year -€40,074
down €40,074 (-8.7%), from €462,672 to €422,598
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Other debts +€18,557
up €18,557 (+275.5%), from €6,737 to €25,294
- Tax, wage and social debts +€10,844
up €10,844 (+79.9%), from €13,577 to €24,421
of which Taxes: +€6,644
- Depreciation +€16,717
up €16,717 (+51.5%), from €32,459 to €49,177
- Gross operating margin +€15,256
up €15,256 (+27.9%), from €54,651 to €69,907
- Financial charges +€6,343
up €6,343 (+51.9%), from €12,219 to €18,562
- Taxes -€2,351
down €2,351 (-55.0%), from €4,272 to €1,921
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 | €688,776 | €661,259 | -€27,516 | -4.0% |
| Fixed assets | 21/28 | €626,116 | €584,568 | -€41,548 | -6.6% |
| Intangible fixed assets | 21 | €24,805 | - | -€24,805 | |
| Tangible fixed assets | 22/27 | €601,042 | €584,300 | -€16,743 | -2.8% |
| Land and buildings | 22 | €597,209 | €582,033 | -€15,175 | -2.5% |
| Plant, machinery and equipment | 23 | €1,595 | €1,323 | -€272 | -17.1% |
| Furniture and vehicles | 24 | €1,135 | - | -€1,135 | |
| Other tangible fixed assets | 26 | €1,104 | €943 | -€161 | -14.6% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €62,660 | €76,691 | +€14,031 | +22.4% |
| Amounts receivable within one year | 40/41 | €7,906 | €41,632 | +€33,726 | +426.6% |
| Trade receivables | 40 | €7,654 | €39,342 | +€31,688 | +414.0% |
| Other amounts receivable | 41 | €252 | €2,290 | +€2,038 | +809.3% |
| Cash at bank and in hand | 54/58 | €51,407 | €31,246 | -€20,161 | -39.2% |
| Deferred charges and accrued income | 490/1 | €3,348 | €3,813 | +€466 | +13.9% |
| Total equity and liabilities | 10/49 | €688,776 | €661,259 | -€27,516 | -4.0% |
| Equity | 10/15 | €167,105 | €143,121 | -€23,984 | -14.4% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €92,503 | €86,592 | -€5,911 | -6.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €90,643 | €86,592 | -€4,051 | -4.5% |
| Profit (loss) carried forward | 14 | €56,002 | €56,529 | +€527 | +0.9% |
| Amounts payable | 17/49 | €521,671 | €518,139 | -€3,532 | -0.7% |
| Amounts payable after more than one year | 17 | €462,672 | €422,598 | -€40,074 | -8.7% |
| Financial debts | 170/4 | €462,672 | €422,598 | -€40,074 | -8.7% |
| Amounts payable within one year | 42/48 | €58,999 | €95,541 | +€36,542 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €38,685 | €40,074 | +€1,389 | +3.6% |
| Trade debts | 44 | - | €5,752 | +€5,752 | |
| Suppliers | 440/4 | - | €5,752 | +€5,752 | |
| Taxes, remuneration and social security | 45 | €13,577 | €24,421 | +€10,844 | +79.9% |
| Taxes | 450/3 | €13,577 | €20,221 | +€6,644 | +48.9% |
| Remuneration and social security | 454/9 | - | €4,200 | +€4,200 | |
| Other amounts payable | 47/48 | €6,737 | €25,294 | +€18,557 | +275.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,459 | €49,177 | +€16,717 | +51.5% |
| Other operating charges | 640/8 | €380 | €121 | -€258 | -68.0% |
| Gross operating margin | 9900 | €54,651 | €69,907 | +€15,256 | +27.9% |
| Operating profit (loss) | 9901 | €21,812 | €20,609 | -€1,203 | -5.5% |
| Financial income | 75/76B | €8 | €401 | +€393 | +4978.2% |
| Recurring financial income | 75 | €8 | €401 | +€393 | +4978.2% |
| Financial charges | 65/66B | €12,219 | €18,562 | +€6,343 | +51.9% |
| Recurring financial charges | 65 | €12,219 | €18,562 | +€6,343 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €9,601 | €2,447 | -€7,154 | -74.5% |
| Income taxes | 67/77 | €4,272 | €1,921 | -€2,351 | -55.0% |
| Profit (loss) for the period | 9904 | €5,329 | €527 | -€4,802 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,329 | €527 | -€4,802 | -90.1% |
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 5 October 2026 via checked.be.