AXIS: 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.
What changed
AXIS
NACE 74.201, Photography, excluding press photography
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€102,506
2023 · -€9,692-€92,814
Equity
€140,500
2023 · €243,007-€102,507
Cash
€8,596
2023 · €15,013-€6,417
Balance sheet total
€520,891
2023 · €841,587-€320,696
Largest movements
Assets
- Receivables within one year -€279,373
down €279,373 (-51.2%), from €545,391 to €266,018
of which Trade receivables: -€194,186
- Stocks and contracts -€54,594
no longer reported in 2024 (was €54,594)
- Receivables after one year +€39,687
new in 2024: €39,687
- Tangible fixed assets -€17,097
down €17,097 (-7.7%), from €221,091 to €203,994
of which Leasing and similar rights: -€12,800
Equity and liabilities
- Trade debts -€178,754
down €178,754 (-54.9%), from €325,396 to €146,642
- Profit (loss) carried forward -€99,000
down €99,000, from €97,874 to -€1,126
- Debts after one year -€22,977
down €22,977 (-63.7%), from €36,043 to €13,066
- Short-term financial debts -€20,720
down €20,720 (-14.2%), from €145,673 to €124,953
- Tax, wage and social debts -€14,023
down €14,023 (-18.2%), from €76,904 to €62,881
of which Taxes: -€15,058
Income statement
- Turnover +€668,834
new in 2024: €668,834
- Gross operating margin -€177,466
down €177,466 (-46.1%), from €385,341 to €207,875
- Staff costs -€93,743
down €93,743 (-27.6%), from €339,855 to €246,112
- Financial charges +€12,988
up €12,988 (+77.3%), from €16,798 to €29,786
From the 2023 result to the 2024 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 2023
-€9,692
Gross operating margin
-€177,466
Staff costs
+€93,743
Depreciation
+€5,029
Other operating charges
+€783
Financial income
-€2,121
Financial charges
-€12,988
Taxes
+€207
Result 2024
-€102,506
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€35,910
Investment
-€7,041
Financing
-€35,286
Cash 2023
€15,013
From operations (derived)
+€35,910
Net result for the year
-€102,506
Depreciation
+€24,528
Receivables after one year
-€39,687
Stocks and contracts
+€54,594
Receivables within one year
+€279,373
Deferred charges and accrued income
+€2,513
Trade debts
-€178,754
Tax, wage and social debts
-€14,023
Other debts
+€8,881
Accrued charges and deferred income
+€991
Investment (derived)
-€7,041
Investment in fixed assets (net)
-€7,041
Financing
-€35,286
Debts after one year
-€22,977
Current portion of long-term debt
+€8,412
Short-term financial debts
-€20,720
Contributions, distributions and other
-€1
Cash 2024
€8,596
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,587 | €520,891 | -€320,696 | -38.1% |
| Fixed assets | 21/28 | €221,916 | €204,429 | -€17,487 | -7.9% |
| Intangible fixed assets | 21 | €750 | €360 | -€390 | -52.0% |
| Tangible fixed assets | 22/27 | €221,091 | €203,994 | -€17,097 | -7.7% |
| Land and buildings | 22 | €164,691 | €163,094 | -€1,597 | -1.0% |
| Plant, machinery and equipment | 23 | €9,856 | €9,117 | -€739 | -7.5% |
| Furniture and vehicles | 24 | €2,195 | €234 | -€1,961 | -89.3% |
| Leasing and similar rights | 25 | €44,349 | €31,549 | -€12,800 | -28.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €619,671 | €316,462 | -€303,209 | -48.9% |
| Amounts receivable after more than one year | 29 | - | €39,687 | +€39,687 | |
| Trade receivables | 290 | - | €39,687 | +€39,687 | |
| Stocks and contracts in progress | 3 | €54,594 | - | -€54,594 | |
| Stocks | 30/36 | €54,594 | - | -€54,594 | |
| Amounts receivable within one year | 40/41 | €545,391 | €266,018 | -€279,373 | -51.2% |
| Trade receivables | 40 | €243,222 | €49,036 | -€194,186 | -79.8% |
| Other amounts receivable | 41 | €302,169 | €216,982 | -€85,187 | -28.2% |
| Cash at bank and in hand | 54/58 | €15,013 | €8,596 | -€6,417 | -42.7% |
| Deferred charges and accrued income | 490/1 | €4,674 | €2,161 | -€2,513 | -53.8% |
| Total equity and liabilities | 10/49 | €841,587 | €520,891 | -€320,696 | -38.1% |
| Equity | 10/15 | €243,007 | €140,500 | -€102,507 | -42.2% |
| Contributions | 10/11 | €75,700 | €75,700 | = | 0.0% |
| Capital | 10 | €75,700 | €75,700 | = | 0.0% |
| Issued capital | 100 | €75,700 | €75,700 | = | 0.0% |
| Reserves | 13 | €69,432 | €65,926 | -€3,506 | -5.0% |
| Non-distributable reserves | 130/1 | €7,570 | €7,570 | = | 0.0% |
| Legal reserve | 130 | €7,570 | €7,570 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,356 | €58,356 | -€0 | 0.0% |
| Distributable reserves | 133 | €3,506 | €0 | -€3,506 | -100% |
| Profit (loss) carried forward | 14 | €97,874 | -€1,126 | -€99,000 | |
| Amounts payable | 17/49 | €598,581 | €380,391 | -€218,190 | -36.5% |
| Amounts payable after more than one year | 17 | €36,043 | €13,066 | -€22,977 | -63.7% |
| Financial debts | 170/4 | €36,043 | €13,066 | -€22,977 | -63.7% |
| Amounts payable within one year | 42/48 | €562,538 | €366,334 | -€196,204 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €14,565 | €22,977 | +€8,412 | +57.8% |
| Financial debts | 43 | €145,673 | €124,953 | -€20,720 | -14.2% |
| Credit institutions | 430/8 | €145,673 | €124,953 | -€20,720 | -14.2% |
| Trade debts | 44 | €325,396 | €146,642 | -€178,754 | -54.9% |
| Suppliers | 440/4 | €325,396 | €146,642 | -€178,754 | -54.9% |
| Taxes, remuneration and social security | 45 | €76,904 | €62,881 | -€14,023 | -18.2% |
| Taxes | 450/3 | €33,155 | €18,097 | -€15,058 | -45.4% |
| Remuneration and social security | 454/9 | €43,749 | €44,784 | +€1,035 | +2.4% |
| Other amounts payable | 47/48 | - | €8,881 | +€8,881 | |
| Accrued charges and deferred income | 492/3 | - | €991 | +€991 | |
| Turnover | 70 | - | €668,834 | +€668,834 | |
| Non-recurring operating income | 76A | - | €19,500 | +€19,500 | |
| Remuneration, social security and pensions | 62 | €339,855 | €246,112 | -€93,743 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,557 | €24,528 | -€5,029 | -17.0% |
| Other operating charges | 640/8 | €13,086 | €12,303 | -€783 | -6.0% |
| Gross operating margin | 9900 | €385,341 | €207,875 | -€177,466 | -46.1% |
| Operating profit (loss) | 9901 | €2,844 | -€75,068 | -€77,912 | |
| Financial income | 75/76B | €3,544 | €1,423 | -€2,121 | -59.9% |
| Recurring financial income | 75 | €2,156 | €1,423 | -€733 | -34.0% |
| Non-recurring financial income | 76B | €1,389 | - | -€1,389 | |
| Financial charges | 65/66B | €16,798 | €29,786 | +€12,988 | +77.3% |
| Recurring financial charges | 65 | €16,798 | €29,786 | +€12,988 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,410 | -€103,431 | -€93,021 | -894% |
| Income taxes | 67/77 | -€718 | -€925 | -€207 | -28.8% |
| Profit (loss) for the period | 9904 | -€9,692 | -€102,506 | -€92,814 | -958% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,692 | -€102,506 | -€92,814 | -958% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.