AXIPACK: 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.
AXIPACK
Largest movements
- Receivables within one year -€1,883
down €1,883 (-22.9%), from €8,235 to €6,353
of which Trade receivables: -€2,008
- Deferred charges and accrued income +€372
up €372 (+71.1%), from €524 to €896
- Cash -€202
down €202 (-38.1%), from €531 to €329
mainly Trade debts (-€10,328) and Tax, wage and social debts (-€2,712)
- Tangible fixed assets -€148
down €148 (-6.4%), from €2,304 to €2,156
of which Furniture and vehicles: -€742
- Other debts +€11,657
up €11,657 (+71.4%), from €16,323 to €27,980
- Trade debts -€10,328
down €10,328 (-97.6%), from €10,579 to €252
- Tax, wage and social debts -€2,712
down €2,712 (-46.4%), from €5,846 to €3,134
- Advances received -€1,364
down €1,364 (-100.0%), from €1,364 to €0
- Profit (loss) carried forward +€872
up €872 (+2.0%), from -€42,702 to -€41,830
- Gross operating margin -€29,704
down €29,704 (-89.9%), from €33,046 to €3,341
- Taxes -€1,372
down €1,372 (-57.6%), from €2,380 to €1,008
- Depreciation -€930
down €930 (-50.0%), from €1,859 to €929
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 | €11,870 | €10,009 | -€1,861 | -15.7% |
| Fixed assets | 21/28 | €2,580 | €2,432 | -€148 | -5.7% |
| Tangible fixed assets | 22/27 | €2,304 | €2,156 | -€148 | -6.4% |
| Plant, machinery and equipment | 23 | €187 | €780 | +€594 | +317.8% |
| Furniture and vehicles | 24 | €2,118 | €1,376 | -€742 | -35.0% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €9,290 | €7,577 | -€1,712 | -18.4% |
| Amounts receivable within one year | 40/41 | €8,235 | €6,353 | -€1,883 | -22.9% |
| Trade receivables | 40 | €8,235 | €6,227 | -€2,008 | -24.4% |
| Other amounts receivable | 41 | €0 | €125 | +€125 | |
| Cash at bank and in hand | 54/58 | €531 | €329 | -€202 | -38.1% |
| Deferred charges and accrued income | 490/1 | €524 | €896 | +€372 | +71.1% |
| Total equity and liabilities | 10/49 | €11,870 | €10,009 | -€1,861 | -15.7% |
| Equity | 10/15 | -€22,243 | -€21,371 | +€872 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,702 | -€41,830 | +€872 | +2.0% |
| Amounts payable | 17/49 | €34,112 | €31,380 | -€2,732 | -8.0% |
| Amounts payable within one year | 42/48 | €34,112 | €31,380 | -€2,732 | -8.0% |
| Financial debts | 43 | - | €15 | +€15 | |
| Credit institutions | 430/8 | - | €15 | +€15 | |
| Trade debts | 44 | €10,579 | €252 | -€10,328 | -97.6% |
| Suppliers | 440/4 | €10,579 | €252 | -€10,328 | -97.6% |
| Advances received on contracts in progress | 46 | €1,364 | €0 | -€1,364 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,846 | €3,134 | -€2,712 | -46.4% |
| Taxes | 450/3 | €5,846 | €3,134 | -€2,712 | -46.4% |
| Other amounts payable | 47/48 | €16,323 | €27,980 | +€11,657 | +71.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,859 | €929 | -€930 | -50.0% |
| Other operating charges | 640/8 | €528 | €400 | -€128 | -24.3% |
| Gross operating margin | 9900 | €33,046 | €3,341 | -€29,704 | -89.9% |
| Operating profit (loss) | 9901 | €30,659 | €2,013 | -€28,646 | -93.4% |
| Financial income | 75/76B | €5 | €14 | +€8 | +167.9% |
| Recurring financial income | 75 | €5 | €14 | +€8 | +167.9% |
| Financial charges | 65/66B | €130 | €147 | +€17 | +12.7% |
| Recurring financial charges | 65 | €130 | €147 | +€17 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €30,533 | €1,880 | -€28,654 | -93.8% |
| Income taxes | 67/77 | €2,380 | €1,008 | -€1,372 | -57.6% |
| Profit (loss) for the period | 9904 | €28,153 | €872 | -€27,282 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,153 | €872 | -€27,282 | -96.9% |
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 5 October 2026 via checked.be.