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
- Cash +€28,901
up €28,901 (+135.7%), from €21,300 to €50,201
mainly Receivables within one year (+€18,114) and Net result for the year (+€7,017)
- Receivables within one year -€18,114
down €18,114 (-94.5%), from €19,168 to €1,054
of which Trade receivables: -€15,005
- Tangible fixed assets -€5,769
down €5,769 (-7.4%), from €78,014 to €72,245
of which Land and buildings: -€3,919
- Deferred charges and accrued income -€3,619
down €3,619 (-52.6%), from €6,877 to €3,258
- Reserves +€7,017
up €7,017 (+38.8%), from €18,092 to €25,109
of which Distributable reserves: +€7,017
- Other debts -€6,956
down €6,956 (-14.5%), from €47,992 to €41,036
- Trade debts +€1,528
up €1,528 (+49.9%), from €3,064 to €4,592
- Gross operating margin +€1,686
up €1,686 (+12.0%), from €13,997 to €15,682
- Taxes +€702
new in 2025: €702
- Financial charges +€575
up €575, from -€41 to €534
- Other operating charges +€403
up €403 (+29.3%), from €1,375 to €1,778
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 | €131,887 | €134,190 | +€2,303 | +1.7% |
| Fixed assets | 21/28 | €78,014 | €72,245 | -€5,769 | -7.4% |
| Tangible fixed assets | 22/27 | €78,014 | €72,245 | -€5,769 | -7.4% |
| Land and buildings | 22 | €71,109 | €67,190 | -€3,919 | -5.5% |
| Plant, machinery and equipment | 23 | €2,942 | €2,252 | -€690 | -23.4% |
| Furniture and vehicles | 24 | €3,963 | €2,803 | -€1,160 | -29.3% |
| Current assets | 29/58 | €53,873 | €61,945 | +€8,072 | +15.0% |
| Stocks and contracts in progress | 3 | €6,528 | €7,432 | +€904 | +13.8% |
| Stocks | 30/36 | €6,528 | €7,432 | +€904 | +13.8% |
| Amounts receivable within one year | 40/41 | €19,168 | €1,054 | -€18,114 | -94.5% |
| Trade receivables | 40 | €15,130 | €125 | -€15,005 | -99.2% |
| Other amounts receivable | 41 | €4,038 | €929 | -€3,109 | -77.0% |
| Cash at bank and in hand | 54/58 | €21,300 | €50,201 | +€28,901 | +135.7% |
| Deferred charges and accrued income | 490/1 | €6,877 | €3,258 | -€3,619 | -52.6% |
| Total equity and liabilities | 10/49 | €131,887 | €134,190 | +€2,303 | +1.7% |
| Equity | 10/15 | €80,092 | €87,109 | +€7,017 | +8.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €18,092 | €25,109 | +€7,017 | +38.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,892 | €18,909 | +€7,017 | +59.0% |
| Amounts payable | 17/49 | €51,795 | €47,081 | -€4,714 | -9.1% |
| Amounts payable within one year | 42/48 | €51,795 | €47,081 | -€4,714 | -9.1% |
| Trade debts | 44 | €3,064 | €4,592 | +€1,528 | +49.9% |
| Suppliers | 440/4 | €3,064 | €4,592 | +€1,528 | +49.9% |
| Taxes, remuneration and social security | 45 | €739 | €1,454 | +€714 | +96.6% |
| Taxes | 450/3 | €739 | €1,454 | +€714 | +96.6% |
| Other amounts payable | 47/48 | €47,992 | €41,036 | -€6,956 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,798 | €5,769 | -€29 | -0.5% |
| Other operating charges | 640/8 | €1,375 | €1,778 | +€403 | +29.3% |
| Gross operating margin | 9900 | €13,997 | €15,682 | +€1,686 | +12.0% |
| Operating profit (loss) | 9901 | €6,824 | €8,136 | +€1,311 | +19.2% |
| Financial income | 75/76B | €6 | €117 | +€111 | +1949.4% |
| Recurring financial income | 75 | €6 | €117 | +€111 | +1949.4% |
| Financial charges | 65/66B | -€41 | €534 | +€575 | |
| Recurring financial charges | 65 | -€41 | €534 | +€575 | |
| Profit (loss) for the period before taxes | 9903 | €6,871 | €7,718 | +€848 | +12.3% |
| Income taxes | 67/77 | - | €702 | +€702 | |
| Profit (loss) for the period | 9904 | €6,871 | €7,017 | +€146 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,871 | €7,017 | +€146 | +2.1% |
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 12 October 2026 via checked.be.