AXIS 0: 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.
AXIS 0
Largest movements
- Tangible fixed assets -€42,748
down €42,748 (-11.7%), from €365,828 to €323,080
of which Furniture and vehicles: -€34,654
- Current investments +€42,035
up €42,035 (+79.3%), from €53,000 to €95,035
- Reserves +€21,861
up €21,861 (+7.0%), from €310,255 to €332,116
- Debts after one year -€18,619
down €18,619 (-16.6%), from €112,332 to €93,714
- Tax, wage and social debts -€7,673
down €7,673 (-87.3%), from €8,794 to €1,121
- Financial charges +€33,674
up €33,674 (+692.2%), from €4,865 to €38,539
- Depreciation +€21,488
up €21,488 (+54.0%), from €39,818 to €61,306
- Taxes -€17,614
down €17,614 (-57.1%), from €30,831 to €13,217
- Gross operating margin -€9,451
down €9,451 (-6.1%), from €155,560 to €146,109
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 | €469,939 | €465,190 | -€4,749 | -1.0% |
| Fixed assets | 21/28 | €365,828 | €323,080 | -€42,748 | -11.7% |
| Tangible fixed assets | 22/27 | €365,828 | €323,080 | -€42,748 | -11.7% |
| Land and buildings | 22 | €266,233 | €257,477 | -€8,756 | -3.3% |
| Plant, machinery and equipment | 23 | €6,621 | €7,283 | +€662 | +10.0% |
| Furniture and vehicles | 24 | €92,973 | €58,320 | -€34,654 | -37.3% |
| Current assets | 29/58 | €104,111 | €142,110 | +€37,999 | +36.5% |
| Amounts receivable within one year | 40/41 | €44,593 | €42,184 | -€2,409 | -5.4% |
| Trade receivables | 40 | €34,846 | €37,400 | +€2,554 | +7.3% |
| Other amounts receivable | 41 | €9,748 | €4,784 | -€4,964 | -50.9% |
| Current investments | 50/53 | €53,000 | €95,035 | +€42,035 | +79.3% |
| Cash at bank and in hand | 54/58 | €2,550 | €959 | -€1,591 | -62.4% |
| Deferred charges and accrued income | 490/1 | €3,968 | €3,933 | -€35 | -0.9% |
| Total equity and liabilities | 10/49 | €469,939 | €465,190 | -€4,749 | -1.0% |
| Equity | 10/15 | €328,855 | €350,716 | +€21,861 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €310,255 | €332,116 | +€21,861 | +7.0% |
| Distributable reserves | 133 | €310,255 | €332,116 | +€21,861 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,084 | €114,474 | -€26,610 | -18.9% |
| Amounts payable after more than one year | 17 | €112,332 | €93,714 | -€18,619 | -16.6% |
| Financial debts | 170/4 | €112,332 | €93,714 | -€18,619 | -16.6% |
| Amounts payable within one year | 42/48 | €28,163 | €20,761 | -€7,403 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €17,868 | €18,619 | +€751 | +4.2% |
| Financial debts | 43 | €391 | €229 | -€162 | -41.5% |
| Credit institutions | 430/8 | €391 | €229 | -€162 | -41.5% |
| Trade debts | 44 | €769 | €793 | +€24 | +3.1% |
| Suppliers | 440/4 | €769 | €793 | +€24 | +3.1% |
| Taxes, remuneration and social security | 45 | €8,794 | €1,121 | -€7,673 | -87.3% |
| Taxes | 450/3 | €8,794 | €1,121 | -€7,673 | -87.3% |
| Other amounts payable | 47/48 | €342 | €0 | -€342 | -100.0% |
| Accrued charges and deferred income | 492/3 | €589 | €0 | -€589 | -100.0% |
| Non-recurring operating income | 76A | €19,005 | €0 | -€19,005 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,818 | €61,306 | +€21,488 | +54.0% |
| Other operating charges | 640/8 | €1,480 | €1,525 | +€45 | +3.0% |
| Non-recurring operating charges | 66A | €1,869 | €0 | -€1,869 | -100.0% |
| Gross operating margin | 9900 | €155,560 | €146,109 | -€9,451 | -6.1% |
| Operating profit (loss) | 9901 | €112,393 | €83,278 | -€29,115 | -25.9% |
| Financial income | 75/76B | €125 | €339 | +€215 | +172.4% |
| Recurring financial income | 75 | €125 | €339 | +€215 | +172.4% |
| Financial charges | 65/66B | €4,865 | €38,539 | +€33,674 | +692.2% |
| Recurring financial charges | 65 | €4,865 | €38,539 | +€33,674 | +692.2% |
| Profit (loss) for the period before taxes | 9903 | €107,653 | €45,078 | -€62,575 | -58.1% |
| Income taxes | 67/77 | €30,831 | €13,217 | -€17,614 | -57.1% |
| Profit (loss) for the period | 9904 | €76,822 | €31,861 | -€44,960 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,822 | €31,861 | -€44,960 | -58.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.