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.
AXIS
Largest movements
- Tangible fixed assets +€162,889
up €162,889 (+16,311%), from €999 to €163,887
of which Land and buildings: +€130,762
- Cash +€36,016
up €36,016 (+51.0%), from €70,596 to €106,612
mainly Debts after one year (+€150,226) and Other debts (+€64,450)
- Receivables within one year +€3,085
up €3,085 (+19.2%), from €16,086 to €19,172
- Debts after one year +€150,226
new in 2025: €150,226
- Other debts +€64,450
up €64,450 (+1,422%), from €4,532 to €68,982
- Tax, wage and social debts -€20,344
down €20,344 (-35.8%), from €56,775 to €36,432
of which Taxes: -€10,448
- Current portion of long-term debt +€19,567
new in 2025: €19,567
- Profit (loss) carried forward -€11,625
down €11,625 (-46.8%), from €24,854 to €13,230
- Gross operating margin -€35,693
down €35,693 (-25.9%), from €137,847 to €102,154
- Depreciation +€14,021
up €14,021 (+64.5%), from €21,749 to €35,770
- Taxes -€9,486
down €9,486 (-37.9%), from €25,000 to €15,514
- Financial charges +€1,687
up €1,687 (+482%), from €350 to €2,037
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.
Derived cash bridge
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 | €87,682 | €289,671 | +€201,990 | +230% |
| Fixed assets | 21/28 | €999 | €163,887 | +€162,889 | +16,311% |
| Tangible fixed assets | 22/27 | €999 | €163,887 | +€162,889 | +16,311% |
| Land and buildings | 22 | - | €130,762 | +€130,762 | |
| Furniture and vehicles | 24 | €999 | €33,126 | +€32,127 | +3,217% |
| Current assets | 29/58 | €86,683 | €125,784 | +€39,101 | +45.1% |
| Amounts receivable within one year | 40/41 | €16,086 | €19,172 | +€3,085 | +19.2% |
| Other amounts receivable | 41 | €16,086 | €19,172 | +€3,085 | +19.2% |
| Cash at bank and in hand | 54/58 | €70,596 | €106,612 | +€36,016 | +51.0% |
| Total equity and liabilities | 10/49 | €87,682 | €289,671 | +€201,990 | +230% |
| Equity | 10/15 | €24,854 | €13,230 | -€11,625 | -46.8% |
| Profit (loss) carried forward | 14 | €24,854 | €13,230 | -€11,625 | -46.8% |
| Amounts payable | 17/49 | €62,827 | €276,442 | +€213,615 | +340% |
| Amounts payable after more than one year | 17 | - | €150,226 | +€150,226 | |
| Financial debts | 170/4 | - | €150,226 | +€150,226 | |
| Amounts payable within one year | 42/48 | €62,827 | €126,216 | +€63,389 | +101% |
| Current portion of amounts payable after more than one year | 42 | - | €19,567 | +€19,567 | |
| Trade debts | 44 | €1,520 | €1,235 | -€285 | -18.7% |
| Suppliers | 440/4 | €1,520 | €1,235 | -€285 | -18.7% |
| Taxes, remuneration and social security | 45 | €56,775 | €36,432 | -€20,344 | -35.8% |
| Taxes | 450/3 | €46,680 | €36,232 | -€10,448 | -22.4% |
| Remuneration and social security | 454/9 | €10,096 | €200 | -€9,896 | -98.0% |
| Other amounts payable | 47/48 | €4,532 | €68,982 | +€64,450 | +1,422% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,749 | €35,770 | +€14,021 | +64.5% |
| Other operating charges | 640/8 | €398 | €458 | +€60 | +15.0% |
| Gross operating margin | 9900 | €137,847 | €102,154 | -€35,693 | -25.9% |
| Operating profit (loss) | 9901 | €115,700 | €65,926 | -€49,773 | -43.0% |
| Financial charges | 65/66B | €350 | €2,037 | +€1,687 | +482% |
| Recurring financial charges | 65 | €350 | €2,037 | +€1,687 | +482% |
| Profit (loss) for the period before taxes | 9903 | €115,350 | €63,890 | -€51,460 | -44.6% |
| Income taxes | 67/77 | €25,000 | €15,514 | -€9,486 | -37.9% |
| Profit (loss) for the period | 9904 | €90,350 | €48,375 | -€41,975 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,350 | €48,375 | -€41,975 | -46.5% |
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 14 October 2026 via checked.be.