AXIS GROUP: 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 GROUP
Largest movements
- Cash -€525,543
down €525,543 (-76.7%), from €684,953 to €159,410
mainly Receivables within one year (-€520,429) and Contributions, distributions and other (-€100,000)
- Receivables within one year +€520,429
up €520,429 (+52.9%), from €983,563 to €1.5m
of which Trade receivables: +€521,259
- Trade debts +€95,480
up €95,480 (+147.1%), from €64,891 to €160,371
- Financial income -€211,159
no longer reported in 2025 (was €211,159)
of which Financial income: -€166,459
- Gross operating margin -€81,425
down €81,425 (-11.2%), from €726,947 to €645,522
- Purchases and services +€33,412
up €33,412 (+3.4%), from €973,070 to €1.0m
- Staff costs +€29,133
up €29,133 (+5.4%), from €541,479 to €570,612
- Taxes -€24,821
down €24,821 (-94.8%), from €26,185 to €1,364
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.
Cash bridge derived
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 | €4,791,425 | €4,783,198 | -€8,227 | -0.2% |
| Fixed assets | 21/28 | €3,034,141 | €3,015,144 | -€18,997 | -0.6% |
| Intangible fixed assets | 21 | €17,003 | €5,868 | -€11,135 | -65.5% |
| Tangible fixed assets | 22/27 | €28,287 | €20,426 | -€7,861 | -27.8% |
| Plant, machinery and equipment | 23 | €17,398 | €12,474 | -€4,924 | -28.3% |
| Furniture and vehicles | 24 | €7,788 | €5,859 | -€1,929 | -24.8% |
| Other tangible fixed assets | 26 | €3,101 | €2,093 | -€1,008 | -32.5% |
| Financial fixed assets | 28 | €2,988,851 | €2,988,851 | -€0 | 0.0% |
| Current assets | 29/58 | €1,757,284 | €1,768,054 | +€10,770 | +0.6% |
| Amounts receivable within one year | 40/41 | €983,563 | €1,503,992 | +€520,429 | +52.9% |
| Trade receivables | 40 | €933,482 | €1,454,741 | +€521,259 | +55.8% |
| Other amounts receivable | 41 | €50,081 | €49,251 | -€830 | -1.7% |
| Cash at bank and in hand | 54/58 | €684,953 | €159,410 | -€525,543 | -76.7% |
| Deferred charges and accrued income | 490/1 | €88,768 | €104,652 | +€15,884 | +17.9% |
| Total equity and liabilities | 10/49 | €4,791,425 | €4,783,198 | -€8,227 | -0.2% |
| Equity | 10/15 | €4,442,911 | €4,395,934 | -€46,977 | -1.1% |
| Contributions | 10/11 | €2,970,000 | €2,970,000 | = | 0.0% |
| Capital | 10 | €2,970,000 | €2,970,000 | = | 0.0% |
| Issued capital | 100 | €2,970,000 | €2,970,000 | = | 0.0% |
| Reserves | 13 | €470,232 | €433,500 | -€36,732 | -7.8% |
| Non-distributable reserves | 130/1 | €396,000 | €396,000 | = | 0.0% |
| Legal reserve | 130 | €396,000 | €396,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €36,732 | - | -€36,732 | |
| Profit (loss) carried forward | 14 | €1,002,679 | €992,434 | -€10,245 | -1.0% |
| Amounts payable | 17/49 | €348,514 | €387,264 | +€38,750 | +11.1% |
| Amounts payable within one year | 42/48 | €345,514 | €380,744 | +€35,230 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €28,821 | - | -€28,821 | |
| Trade debts | 44 | €64,891 | €160,371 | +€95,480 | +147.1% |
| Suppliers | 440/4 | €64,891 | €160,371 | +€95,480 | +147.1% |
| Taxes, remuneration and social security | 45 | €151,802 | €120,373 | -€31,429 | -20.7% |
| Taxes | 450/3 | €90,412 | €58,686 | -€31,726 | -35.1% |
| Remuneration and social security | 454/9 | €61,390 | €61,687 | +€297 | +0.5% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €6,520 | +€3,520 | +117.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €973,070 | €1,006,482 | +€33,412 | +3.4% |
| Remuneration, social security and pensions | 62 | €541,479 | €570,612 | +€29,133 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,475 | €18,997 | +€2,522 | +15.3% |
| Other operating charges | 640/8 | €318 | €320 | +€2 | +0.6% |
| Gross operating margin | 9900 | €726,947 | €645,522 | -€81,425 | -11.2% |
| Operating profit (loss) | 9901 | €168,675 | €55,594 | -€113,081 | -67.0% |
| Financial income | 75/76B | €211,159 | - | -€211,159 | |
| Recurring financial income | 75 | €166,459 | - | -€166,459 | |
| Non-recurring financial income | 76B | €44,700 | - | -€44,700 | |
| Financial charges | 65/66B | €1,529 | €1,207 | -€322 | -21.0% |
| Recurring financial charges | 65 | €1,529 | €1,207 | -€322 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €378,305 | €54,387 | -€323,918 | -85.6% |
| Income taxes | 67/77 | €26,185 | €1,364 | -€24,821 | -94.8% |
| Profit (loss) for the period | 9904 | €352,120 | €53,023 | -€299,097 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €352,120 | €53,023 | -€299,097 | -84.9% |
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 12 October 2026 via checked.be.