AXIS-BUILDING: 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-BUILDING
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€121,702
2024 · -€58,452-€63,250
Equity
€8.0m
2024 · €8.1m-€121,702
Cash
€7,865
2024 · €23,815-€15,950
Balance sheet total
€15.2m
2024 · €15.8m-€589,851
Largest movements
Assets
- Tangible fixed assets -€661,700
down €661,700 (-4.2%), from €15.7m to €15.1m
of which Land and buildings: -€660,241
Equity and liabilities
- Revaluation surpluses -€352,602
down €352,602 (-5.3%), from €6.7m to €6.3m
- Debts after one year -€276,698
down €276,698 (-4.9%), from €5.7m to €5.4m
of which Financial debts: -€300,198
- Reserves +€253,260
up €253,260 (+13.3%), from €1.9m to €2.2m
of which Distributable reserves: +€352,602
Income statement
- Gross operating margin -€60,056
down €60,056 (-7.2%), from €838,741 to €778,685
- Depreciation +€13,895
up €13,895 (+1.9%), from €714,146 to €728,041
- Financial charges -€12,802
down €12,802 (-10.1%), from €126,241 to €113,439
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.
Result 2024
-€58,452
Gross operating margin
-€60,056
Staff costs
+€0
Depreciation
-€13,895
Write-downs
+€2,225
Other operating charges
-€3,326
Financial income
-€1,000
Financial charges
+€12,802
Result 2025
-€121,702
raises the resultlowers the result
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.
From operations
+€325,409
Investment
-€66,341
Financing
-€275,018
Cash 2024
€23,815
From operations (derived)
+€325,409
Net result for the year
-€121,702
Depreciation
+€728,041
Receivables within one year
-€104,191
Deferred charges and accrued income
+€16,392
Provisions
-€39,874
Trade debts
+€42,749
Tax, wage and social debts
+€151
Other debts
-€157,712
Accrued charges and deferred income
-€38,445
Investment (derived)
-€66,341
Investment in fixed assets (net)
-€66,341
Financing
-€275,018
Debts after one year
-€276,698
Current portion of long-term debt
+€54,347
Short-term financial debts
-€52,667
Cash 2025
€7,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,831,590 | €15,241,739 | -€589,851 | -3.7% |
| Fixed assets | 21/28 | €15,747,497 | €15,085,797 | -€661,700 | -4.2% |
| Tangible fixed assets | 22/27 | €15,747,497 | €15,085,797 | -€661,700 | -4.2% |
| Land and buildings | 22 | €15,744,377 | €15,084,136 | -€660,241 | -4.2% |
| Furniture and vehicles | 24 | €3,120 | €1,661 | -€1,459 | -46.8% |
| Current assets | 29/58 | €84,093 | €155,942 | +€71,849 | +85.4% |
| Amounts receivable within one year | 40/41 | €36,099 | €140,290 | +€104,191 | +289% |
| Trade receivables | 40 | €31,099 | €112,832 | +€81,733 | +263% |
| Other amounts receivable | 41 | €5,000 | €27,458 | +€22,458 | +449% |
| Cash at bank and in hand | 54/58 | €23,815 | €7,865 | -€15,950 | -67.0% |
| Deferred charges and accrued income | 490/1 | €24,179 | €7,787 | -€16,392 | -67.8% |
| Total equity and liabilities | 10/49 | €15,831,590 | €15,241,739 | -€589,851 | -3.7% |
| Equity | 10/15 | €8,114,762 | €7,993,060 | -€121,702 | -1.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,685,617 | €6,333,015 | -€352,602 | -5.3% |
| Reserves | 13 | €1,909,669 | €2,162,929 | +€253,260 | +13.3% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,518,240 | €1,418,898 | -€99,342 | -6.5% |
| Distributable reserves | 133 | €366,429 | €719,031 | +€352,602 | +96.2% |
| Profit (loss) carried forward | 14 | -€730,524 | -€752,884 | -€22,360 | -3.1% |
| Provisions and deferred taxes | 16 | €608,678 | €568,804 | -€39,874 | -6.6% |
| Deferred taxes | 168 | €608,678 | €568,804 | -€39,874 | -6.6% |
| Amounts payable | 17/49 | €7,108,151 | €6,679,876 | -€428,275 | -6.0% |
| Amounts payable after more than one year | 17 | €5,685,589 | €5,408,891 | -€276,698 | -4.9% |
| Financial debts | 170/4 | €5,685,589 | €5,385,391 | -€300,198 | -5.3% |
| Other amounts payable | 178/9 | - | €23,500 | +€23,500 | |
| Amounts payable within one year | 42/48 | €1,380,380 | €1,267,248 | -€113,132 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €495,851 | €550,198 | +€54,347 | +11.0% |
| Financial debts | 43 | €684,667 | €632,000 | -€52,667 | -7.7% |
| Credit institutions | 430/8 | €684,667 | €632,000 | -€52,667 | -7.7% |
| Trade debts | 44 | €10,297 | €53,046 | +€42,749 | +415% |
| Suppliers | 440/4 | €10,297 | €53,046 | +€42,749 | +415% |
| Taxes, remuneration and social security | 45 | €101 | €252 | +€151 | +150% |
| Taxes | 450/3 | €101 | €252 | +€151 | +150% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €189,465 | €31,753 | -€157,712 | -83.2% |
| Accrued charges and deferred income | 492/3 | €42,182 | €3,737 | -€38,445 | -91.1% |
| Remuneration, social security and pensions | 62 | €0 | €0 | -€0 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €714,146 | €728,041 | +€13,895 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,225 | €0 | -€2,225 | -100% |
| Other operating charges | 640/8 | €95,454 | €98,780 | +€3,326 | +3.5% |
| Gross operating margin | 9900 | €838,741 | €778,685 | -€60,056 | -7.2% |
| Operating profit (loss) | 9901 | €26,915 | -€48,137 | -€75,052 | |
| Financial income | 75/76B | €1,000 | €0 | -€1,000 | -100% |
| Recurring financial income | 75 | €1,000 | €0 | -€1,000 | -100% |
| Financial charges | 65/66B | €126,241 | €113,439 | -€12,802 | -10.1% |
| Recurring financial charges | 65 | €126,241 | €113,439 | -€12,802 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€98,326 | -€161,576 | -€63,250 | -64.3% |
| Transfer from deferred taxes | 780 | €39,874 | €39,874 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€58,452 | -€121,702 | -€63,250 | -108% |
| Transfer from tax-exempt reserves | 789 | €99,342 | €99,342 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,890 | -€22,360 | -€63,250 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.