Axipat: 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.
Axipat
Largest movements
- Cash -€21,471
down €21,471 (-65.8%), from €32,635 to €11,164
mainly Net result for the year (-€25,683) and Investment in fixed assets (net) (-€15,067)
- Tangible fixed assets +€8,891
up €8,891 (+89.9%), from €9,886 to €18,777
of which Furniture and vehicles: +€9,129
- Receivables after one year -€8,533
down €8,533 (-25.4%), from €33,533 to €25,000
- Receivables within one year -€4,521
down €4,521 (-20.9%), from €21,599 to €17,078
of which Trade receivables: -€2,600
- Profit (loss) carried forward -€25,683
down €25,683 (-39.9%), from €64,410 to €38,727
- Tax, wage and social debts -€2,019
down €2,019 (-37.5%), from €5,379 to €3,360
of which Remuneration and social security: -€1,250
- Other debts +€1,307
up €1,307 (+14.6%), from €8,935 to €10,241
- Depreciation +€3,191
up €3,191 (+106.9%), from €2,986 to €6,176
- Gross operating margin +€1,009
up €1,009 (+5.0%), from -€20,024 to -€19,015
- Financial income -€431
down €431 (-31.1%), from €1,385 to €954
- Financial charges -€249
down €249 (-48.8%), from €509 to €261
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 | €99,736 | €73,557 | -€26,179 | -26.2% |
| Fixed assets | 21/28 | €9,886 | €18,777 | +€8,891 | +89.9% |
| Tangible fixed assets | 22/27 | €9,886 | €18,777 | +€8,891 | +89.9% |
| Plant, machinery and equipment | 23 | €239 | - | -€239 | |
| Furniture and vehicles | 24 | €8,823 | €17,952 | +€9,129 | +103.5% |
| Other tangible fixed assets | 26 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €89,850 | €54,780 | -€35,070 | -39.0% |
| Amounts receivable after more than one year | 29 | €33,533 | €25,000 | -€8,533 | -25.4% |
| Other amounts receivable | 291 | €33,533 | €25,000 | -€8,533 | -25.4% |
| Amounts receivable within one year | 40/41 | €21,599 | €17,078 | -€4,521 | -20.9% |
| Trade receivables | 40 | €2,600 | - | -€2,600 | |
| Other amounts receivable | 41 | €18,999 | €17,078 | -€1,921 | -10.1% |
| Cash at bank and in hand | 54/58 | €32,635 | €11,164 | -€21,471 | -65.8% |
| Deferred charges and accrued income | 490/1 | €2,083 | €1,538 | -€545 | -26.2% |
| Total equity and liabilities | 10/49 | €99,736 | €73,557 | -€26,179 | -26.2% |
| Equity | 10/15 | €84,870 | €59,187 | -€25,683 | -30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,410 | €38,727 | -€25,683 | -39.9% |
| Amounts payable | 17/49 | €14,866 | €14,370 | -€496 | -3.3% |
| Amounts payable within one year | 42/48 | €14,511 | €14,359 | -€152 | -1.0% |
| Trade debts | 44 | €197 | €758 | +€561 | +285.2% |
| Suppliers | 440/4 | €197 | €758 | +€561 | +285.2% |
| Taxes, remuneration and social security | 45 | €5,379 | €3,360 | -€2,019 | -37.5% |
| Taxes | 450/3 | €2,379 | €1,610 | -€769 | -32.3% |
| Remuneration and social security | 454/9 | €3,000 | €1,750 | -€1,250 | -41.7% |
| Other amounts payable | 47/48 | €8,935 | €10,241 | +€1,307 | +14.6% |
| Accrued charges and deferred income | 492/3 | €356 | €11 | -€344 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,986 | €6,176 | +€3,191 | +106.9% |
| Other operating charges | 640/8 | €634 | €603 | -€32 | -5.0% |
| Gross operating margin | 9900 | -€20,024 | -€19,015 | +€1,009 | +5.0% |
| Operating profit (loss) | 9901 | -€23,644 | -€25,794 | -€2,150 | -9.1% |
| Financial income | 75/76B | €1,385 | €954 | -€431 | -31.1% |
| Recurring financial income | 75 | €1,385 | €954 | -€431 | -31.1% |
| Financial charges | 65/66B | €509 | €261 | -€249 | -48.8% |
| Recurring financial charges | 65 | €509 | €261 | -€249 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,769 | -€25,101 | -€2,332 | -10.2% |
| Income taxes | 67/77 | €522 | €582 | +€60 | +11.6% |
| Profit (loss) for the period | 9904 | -€23,291 | -€25,683 | -€2,393 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,291 | -€25,683 | -€2,393 | -10.3% |
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.