Axis Communications Belgium: 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 Communications Belgium
Largest movements
- Receivables within one year +€182,547
up €182,547 (+179%), from €101,948 to €284,495
of which Trade receivables: +€189,926
- Cash -€22,503
down €22,503 (-7.0%), from €322,756 to €300,253
mainly Receivables within one year (-€182,547) and Deferred charges and accrued income (-€1,844)
- Reserves +€99,952
up €99,952 (+221%), from €45,152 to €145,105
- Tax, wage and social debts +€49,560
up €49,560 (+14.3%), from €347,605 to €397,166
of which Remuneration and social security: +€47,885
- Trade debts +€7,908
up €7,908 (+113%), from €7,020 to €14,928
- Gross operating margin +€797,569
up €797,569 (+84.2%), from €946,936 to €1.7m
- Staff costs +€726,918
up €726,918 (+83.2%), from €873,500 to €1.6m
- Taxes +€26,782
up €26,782 (+97.4%), from €27,500 to €54,282
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 | €424,736 | €587,691 | +€162,956 | +38.4% |
| Fixed assets | 21/28 | €32 | €1,099 | +€1,067 | +3,336% |
| Financial fixed assets | 28 | €32 | €1,099 | +€1,067 | +3,336% |
| Current assets | 29/58 | €424,704 | €586,592 | +€161,888 | +38.1% |
| Amounts receivable within one year | 40/41 | €101,948 | €284,495 | +€182,547 | +179% |
| Trade receivables | 40 | €78,068 | €267,994 | +€189,926 | +243% |
| Other amounts receivable | 41 | €23,880 | €16,500 | -€7,380 | -30.9% |
| Cash at bank and in hand | 54/58 | €322,756 | €300,253 | -€22,503 | -7.0% |
| Deferred charges and accrued income | 490/1 | - | €1,844 | +€1,844 | |
| Total equity and liabilities | 10/49 | €424,736 | €587,691 | +€162,956 | +38.4% |
| Equity | 10/15 | €50,152 | €150,105 | +€99,952 | +199% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,152 | €145,105 | +€99,952 | +221% |
| Distributable reserves | 133 | €45,152 | €145,105 | +€99,952 | +221% |
| Amounts payable | 17/49 | €374,583 | €437,586 | +€63,003 | +16.8% |
| Amounts payable within one year | 42/48 | €354,625 | €412,093 | +€57,468 | +16.2% |
| Trade debts | 44 | €7,020 | €14,928 | +€7,908 | +113% |
| Suppliers | 440/4 | €7,020 | €14,928 | +€7,908 | +113% |
| Taxes, remuneration and social security | 45 | €347,605 | €397,166 | +€49,560 | +14.3% |
| Taxes | 450/3 | €28,081 | €29,757 | +€1,676 | +6.0% |
| Remuneration and social security | 454/9 | €319,524 | €367,409 | +€47,885 | +15.0% |
| Accrued charges and deferred income | 492/3 | €19,958 | €25,493 | +€5,535 | +27.7% |
| Remuneration, social security and pensions | 62 | €873,500 | €1,600,418 | +€726,918 | +83.2% |
| Gross operating margin | 9900 | €946,936 | €1,744,505 | +€797,569 | +84.2% |
| Operating profit (loss) | 9901 | €73,436 | €144,087 | +€70,651 | +96.2% |
| Financial income | 75/76B | €1,159 | €10,466 | +€9,307 | +803% |
| Recurring financial income | 75 | €1,159 | €10,466 | +€9,307 | +803% |
| Financial charges | 65/66B | €1,943 | €319 | -€1,624 | -83.6% |
| Recurring financial charges | 65 | €1,943 | €319 | -€1,624 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €72,652 | €154,234 | +€81,582 | +112% |
| Income taxes | 67/77 | €27,500 | €54,282 | +€26,782 | +97.4% |
| Profit (loss) for the period | 9904 | €45,152 | €99,952 | +€54,800 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €45,152 | €99,952 | +€54,800 | +121% |
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 25 October 2026 via checked.be.