Axis Experts: 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 Experts
Largest movements
- Receivables within one year +€102,400
up €102,400 (+91.2%), from €112,267 to €214,667
of which Trade receivables: +€117,392
- Cash +€40,687
up €40,687 (+67.1%), from €60,597 to €101,284
mainly Net result for the year (+€64,000) and Other debts (+€60,364)
- Intangible fixed assets -€6,573
down €6,573 (-50.9%), from €12,904 to €6,331
- Tangible fixed assets -€4,563
down €4,563 (-26.8%), from €17,046 to €12,483
of which Furniture and vehicles: -€3,434
- Financial fixed assets -€3,490
down €3,490 (-59.6%), from €5,855 to €2,365
- Other debts +€60,364
new in 2025: €60,364
- Trade debts +€56,487
up €56,487 (+175%), from €32,274 to €88,761
- Debts after one year +€10,378
up €10,378 (+137%), from €7,573 to €17,951
- Tax, wage and social debts -€7,063
down €7,063 (-25.0%), from €28,250 to €21,187
of which Remuneration and social security: -€16,967
- Current portion of long-term debt +€5,944
up €5,944 (+324%), from €1,835 to €7,779
- Staff costs -€111,146
down €111,146 (-46.1%), from €240,845 to €129,699
- Gross operating margin +€30,838
up €30,838 (+16.1%), from €191,564 to €222,401
- Taxes +€8,235
up €8,235 (+2,243%), from €367 to €8,602
- Financial charges -€2,708
down €2,708 (-39.6%), from €6,838 to €4,130
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 | €210,817 | €340,927 | +€130,110 | +61.7% |
| Fixed assets | 21/28 | €35,806 | €21,179 | -€14,627 | -40.9% |
| Intangible fixed assets | 21 | €12,904 | €6,331 | -€6,573 | -50.9% |
| Tangible fixed assets | 22/27 | €17,046 | €12,483 | -€4,563 | -26.8% |
| Plant, machinery and equipment | 23 | - | €1,046 | +€1,046 | |
| Furniture and vehicles | 24 | €13,512 | €10,078 | -€3,434 | -25.4% |
| Other tangible fixed assets | 26 | €3,535 | €1,359 | -€2,176 | -61.6% |
| Financial fixed assets | 28 | €5,855 | €2,365 | -€3,490 | -59.6% |
| Current assets | 29/58 | €175,012 | €319,748 | +€144,737 | +82.7% |
| Amounts receivable within one year | 40/41 | €112,267 | €214,667 | +€102,400 | +91.2% |
| Trade receivables | 40 | €82,349 | €199,741 | +€117,392 | +143% |
| Other amounts receivable | 41 | €29,919 | €14,926 | -€14,992 | -50.1% |
| Cash at bank and in hand | 54/58 | €60,597 | €101,284 | +€40,687 | +67.1% |
| Deferred charges and accrued income | 490/1 | €2,148 | €3,797 | +€1,649 | +76.8% |
| Total equity and liabilities | 10/49 | €210,817 | €340,927 | +€130,110 | +61.7% |
| Equity | 10/15 | €140,885 | €144,885 | +€4,000 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,047 | €18,047 | = | 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% |
| Tax-exempt reserves | 132 | €16,187 | €16,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,238 | €108,238 | +€4,000 | +3.8% |
| Amounts payable | 17/49 | €69,932 | €196,042 | +€126,110 | +180% |
| Amounts payable after more than one year | 17 | €7,573 | €17,951 | +€10,378 | +137% |
| Financial debts | 170/4 | €7,573 | €17,951 | +€10,378 | +137% |
| Amounts payable within one year | 42/48 | €62,359 | €178,090 | +€115,732 | +186% |
| Current portion of amounts payable after more than one year | 42 | €1,835 | €7,779 | +€5,944 | +324% |
| Trade debts | 44 | €32,274 | €88,761 | +€56,487 | +175% |
| Suppliers | 440/4 | €32,274 | €88,761 | +€56,487 | +175% |
| Taxes, remuneration and social security | 45 | €28,250 | €21,187 | -€7,063 | -25.0% |
| Taxes | 450/3 | €499 | €10,403 | +€9,904 | +1,984% |
| Remuneration and social security | 454/9 | €27,750 | €10,784 | -€16,967 | -61.1% |
| Other amounts payable | 47/48 | - | €60,364 | +€60,364 | |
| Non-recurring operating income | 76A | €434 | - | -€434 | |
| Remuneration, social security and pensions | 62 | €240,845 | €129,699 | -€111,146 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,163 | €14,037 | +€873 | +6.6% |
| Other operating charges | 640/8 | €2,419 | €2,169 | -€250 | -10.3% |
| Gross operating margin | 9900 | €191,564 | €222,401 | +€30,838 | +16.1% |
| Operating profit (loss) | 9901 | -€64,864 | €76,496 | +€141,361 | |
| Financial income | 75/76B | €28 | €236 | +€208 | +741% |
| Recurring financial income | 75 | €28 | €236 | +€208 | +741% |
| Financial charges | 65/66B | €6,838 | €4,130 | -€2,708 | -39.6% |
| Recurring financial charges | 65 | €6,838 | €4,130 | -€2,708 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€71,674 | €72,602 | +€144,276 | |
| Income taxes | 67/77 | €367 | €8,602 | +€8,235 | +2,243% |
| Profit (loss) for the period | 9904 | -€72,041 | €64,000 | +€136,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,041 | €64,000 | +€136,041 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.