axis advice: 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 advice
Largest movements
- Tangible fixed assets -€6,700
down €6,700 (-21.6%), from €31,085 to €24,385
of which Other tangible fixed assets: -€6,255
- Current portion of long-term debt -€4,084
no longer reported in 2025 (was €4,084)
- Profit (loss) carried forward -€3,609
down €3,609 (-99.7%), from €3,621 to €12
- Depreciation -€1,181
down €1,181 (-15.0%), from €7,881 to €6,700
- Gross operating margin -€1,113
down €1,113 (-34.4%), from -€3,232 to -€4,344
- Financial income -€875
down €875 (-9.7%), from €8,988 to €8,112
- Financial charges -€251
down €251 (-47.5%), from €529 to €278
- Other operating charges -€78
down €78 (-16.3%), from €478 to €400
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 | €327,360 | €318,389 | -€8,971 | -2.7% |
| Fixed assets | 21/28 | €32,154 | €25,454 | -€6,700 | -20.8% |
| Tangible fixed assets | 22/27 | €31,085 | €24,385 | -€6,700 | -21.6% |
| Furniture and vehicles | 24 | €501 | €56 | -€445 | -88.8% |
| Other tangible fixed assets | 26 | €30,584 | €24,329 | -€6,255 | -20.5% |
| Financial fixed assets | 28 | €1,069 | €1,069 | = | 0.0% |
| Current assets | 29/58 | €295,206 | €292,935 | -€2,271 | -0.8% |
| Amounts receivable after more than one year | 29 | €137,250 | €137,250 | = | 0.0% |
| Other amounts receivable | 291 | €137,250 | €137,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €154,384 | €151,426 | -€2,958 | -1.9% |
| Trade receivables | 40 | €4,749 | €484 | -€4,265 | -89.8% |
| Other amounts receivable | 41 | €149,635 | €150,942 | +€1,308 | +0.9% |
| Cash at bank and in hand | 54/58 | €3,572 | €4,259 | +€687 | +19.2% |
| Total equity and liabilities | 10/49 | €327,360 | €318,389 | -€8,971 | -2.7% |
| Equity | 10/15 | €318,811 | €315,202 | -€3,609 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €296,590 | €296,590 | = | 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% |
| Distributable reserves | 133 | €294,730 | €294,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,621 | €12 | -€3,609 | -99.7% |
| Amounts payable | 17/49 | €8,549 | €3,188 | -€5,361 | -62.7% |
| Amounts payable within one year | 42/48 | €8,549 | €3,188 | -€5,361 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €4,084 | - | -€4,084 | |
| Trade debts | 44 | €4,113 | €3,188 | -€925 | -22.5% |
| Suppliers | 440/4 | €4,113 | €3,188 | -€925 | -22.5% |
| Taxes, remuneration and social security | 45 | €352 | - | -€352 | |
| Taxes | 450/3 | €352 | - | -€352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,881 | €6,700 | -€1,181 | -15.0% |
| Other operating charges | 640/8 | €478 | €400 | -€78 | -16.3% |
| Gross operating margin | 9900 | -€3,232 | -€4,344 | -€1,113 | -34.4% |
| Operating profit (loss) | 9901 | -€11,590 | -€11,444 | +€146 | +1.3% |
| Financial income | 75/76B | €8,988 | €8,112 | -€875 | -9.7% |
| Recurring financial income | 75 | €8,988 | €8,112 | -€875 | -9.7% |
| Financial charges | 65/66B | €529 | €278 | -€251 | -47.5% |
| Recurring financial charges | 65 | €529 | €278 | -€251 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,132 | -€3,609 | -€478 | -15.3% |
| Profit (loss) for the period | 9904 | -€3,132 | -€3,609 | -€478 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,132 | -€3,609 | -€478 | -15.3% |
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 17 October 2026 via checked.be.