AXIS GATE: 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 GATE
Largest movements
- Receivables within one year -€277,764
down €277,764 (-65.0%), from €427,595 to €149,830
of which Trade receivables: -€276,558
- Cash +€49,223
up €49,223 (+98.7%), from €49,879 to €99,101
mainly Receivables within one year (+€277,764) and Debts after one year (+€96,062)
- Tangible fixed assets +€28,655
up €28,655 (+8.9%), from €321,104 to €349,759
of which Other tangible fixed assets: +€63,651
- Stocks and contracts +€13,687
up €13,687 (+409%), from €3,347 to €17,034
- Trade debts -€307,215
down €307,215 (-36.4%), from €843,694 to €536,479
- Debts after one year +€96,062
up €96,062 (+43.0%), from €223,444 to €319,506
of which Financial debts: +€118,973
- Profit (loss) carried forward +€59,656
up €59,656 (+8.4%), from -€712,991 to -€653,335
- Accrued charges and deferred income -€46,718
down €46,718 (-32.9%), from €141,799 to €95,081
- Other debts -€38,586
down €38,586 (-99.6%), from €38,733 to €147
- Gross operating margin +€55,577
up €55,577 (+15.1%), from €368,655 to €424,231
- Depreciation +€38,848
up €38,848 (+76.7%), from €50,678 to €89,526
- Write-downs +€19,536
up €19,536, from €0 to €19,536
- Financial charges +€14,647
up €14,647 (+215%), from €6,799 to €21,446
- Other operating charges +€8,006
up €8,006 (+9.2%), from €87,290 to €95,296
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €893,888 | €708,920 | -€184,968 | -20.7% |
| Fixed assets | 21/28 | €360,571 | €389,802 | +€29,231 | +8.1% |
| Intangible fixed assets | 21 | - | €576 | +€576 | |
| Tangible fixed assets | 22/27 | €321,104 | €349,759 | +€28,655 | +8.9% |
| Plant, machinery and equipment | 23 | €3,255 | €2,443 | -€812 | -24.9% |
| Furniture and vehicles | 24 | €75,292 | €41,741 | -€33,551 | -44.6% |
| Leasing and similar rights | 25 | €633 | €0 | -€633 | -100% |
| Other tangible fixed assets | 26 | €241,923 | €305,574 | +€63,651 | +26.3% |
| Financial fixed assets | 28 | €39,468 | €39,468 | = | 0.0% |
| Current assets | 29/58 | €533,317 | €319,118 | -€214,199 | -40.2% |
| Stocks and contracts in progress | 3 | €3,347 | €17,034 | +€13,687 | +409% |
| Stocks | 30/36 | €3,347 | €17,034 | +€13,687 | +409% |
| Amounts receivable within one year | 40/41 | €427,595 | €149,830 | -€277,764 | -65.0% |
| Trade receivables | 40 | €393,067 | €116,510 | -€276,558 | -70.4% |
| Other amounts receivable | 41 | €34,527 | €33,321 | -€1,207 | -3.5% |
| Cash at bank and in hand | 54/58 | €49,879 | €99,101 | +€49,223 | +98.7% |
| Deferred charges and accrued income | 490/1 | €52,497 | €53,153 | +€656 | +1.2% |
| Total equity and liabilities | 10/49 | €893,888 | €708,920 | -€184,968 | -20.7% |
| Equity | 10/15 | -€412,991 | -€353,335 | +€59,656 | +14.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€712,991 | -€653,335 | +€59,656 | +8.4% |
| Amounts payable | 17/49 | €1,306,879 | €1,062,255 | -€244,624 | -18.7% |
| Amounts payable after more than one year | 17 | €223,444 | €319,506 | +€96,062 | +43.0% |
| Financial debts | 170/4 | €116,863 | €235,836 | +€118,973 | +102% |
| Other amounts payable | 178/9 | €106,581 | €83,670 | -€22,912 | -21.5% |
| Amounts payable within one year | 42/48 | €941,636 | €647,669 | -€293,967 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €33,344 | €61,483 | +€28,139 | +84.4% |
| Trade debts | 44 | €843,694 | €536,479 | -€307,215 | -36.4% |
| Suppliers | 440/4 | €843,694 | €536,479 | -€307,215 | -36.4% |
| Taxes, remuneration and social security | 45 | €25,864 | €49,560 | +€23,696 | +91.6% |
| Taxes | 450/3 | €1,809 | €27,204 | +€25,395 | +1,404% |
| Remuneration and social security | 454/9 | €24,055 | €22,356 | -€1,699 | -7.1% |
| Other amounts payable | 47/48 | €38,733 | €147 | -€38,586 | -99.6% |
| Accrued charges and deferred income | 492/3 | €141,799 | €95,081 | -€46,718 | -32.9% |
| Non-recurring operating income | 76A | €9,668 | €12,464 | +€2,796 | +28.9% |
| Remuneration, social security and pensions | 62 | €137,382 | €139,628 | +€2,246 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,678 | €89,526 | +€38,848 | +76.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €19,536 | +€19,536 | |
| Other operating charges | 640/8 | €87,290 | €95,296 | +€8,006 | +9.2% |
| Non-recurring operating charges | 66A | €4,024 | €569 | -€3,455 | -85.9% |
| Gross operating margin | 9900 | €368,655 | €424,231 | +€55,577 | +15.1% |
| Operating profit (loss) | 9901 | €89,281 | €79,677 | -€9,604 | -10.8% |
| Financial income | 75/76B | €751 | €1,424 | +€673 | +89.5% |
| Recurring financial income | 75 | €751 | €1,424 | +€673 | +89.5% |
| Financial charges | 65/66B | €6,799 | €21,446 | +€14,647 | +215% |
| Recurring financial charges | 65 | €6,799 | €21,446 | +€14,647 | +215% |
| Profit (loss) for the period before taxes | 9903 | €83,234 | €59,656 | -€23,578 | -28.3% |
| Profit (loss) for the period | 9904 | €83,234 | €59,656 | -€23,578 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,234 | €59,656 | -€23,578 | -28.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.