AXIS MUNDI: 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 MUNDI
Largest movements
- Cash +€155,136
up €155,136 (+673%), from €23,062 to €178,198
mainly Current investments (+€154,782) and Net result for the year (+€20,798)
- Current investments -€154,782
no longer reported in 2025 (was €154,782)
- Receivables within one year +€27,074
up €27,074 (+4,212%), from €643 to €27,716
of which Other amounts receivable: +€22,611
- Stocks and contracts -€9,610
down €9,610 (-7.9%), from €121,328 to €111,718
- Reserves +€20,798
up €20,798 (+12.0%), from €172,605 to €193,403
of which Distributable reserves: +€20,798
- Tax, wage and social debts -€14,099
down €14,099 (-52.6%), from €26,794 to €12,695
- Trade debts +€7,124
up €7,124 (+70.2%), from €10,155 to €17,279
- Advances received +€5,400
new in 2025: €5,400
- Staff costs -€21,700
no longer reported in 2025 (was €21,700)
- Taxes +€6,825
up €6,825 (+137%), from €4,972 to €11,797
- Gross operating margin -€4,427
down €4,427 (-10.8%), from €41,056 to €36,629
- Other operating charges +€3,378
new in 2025: €3,378
- Financial charges -€2,426
down €2,426 (-65.8%), from €3,687 to €1,261
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 | €301,352 | €320,016 | +€18,664 | +6.2% |
| Fixed assets | 21/28 | €1,537 | €1,537 | = | 0.0% |
| Financial fixed assets | 28 | €1,537 | €1,537 | = | 0.0% |
| Current assets | 29/58 | €299,815 | €318,479 | +€18,664 | +6.2% |
| Stocks and contracts in progress | 3 | €121,328 | €111,718 | -€9,610 | -7.9% |
| Stocks | 30/36 | €121,328 | €111,718 | -€9,610 | -7.9% |
| Amounts receivable within one year | 40/41 | €643 | €27,716 | +€27,074 | +4,212% |
| Trade receivables | 40 | - | €4,463 | +€4,463 | |
| Other amounts receivable | 41 | €643 | €23,254 | +€22,611 | +3,518% |
| Current investments | 50/53 | €154,782 | - | -€154,782 | |
| Cash at bank and in hand | 54/58 | €23,062 | €178,198 | +€155,136 | +673% |
| Deferred charges and accrued income | 490/1 | - | €847 | +€847 | |
| Total equity and liabilities | 10/49 | €301,352 | €320,016 | +€18,664 | +6.2% |
| Equity | 10/15 | €263,843 | €284,642 | +€20,799 | +7.9% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Capital | 10 | €69,000 | - | -€69,000 | |
| Issued capital | 100 | €75,000 | - | -€75,000 | |
| Uncalled capital | 101 | €6,000 | - | -€6,000 | |
| Reserves | 13 | €172,605 | €193,403 | +€20,798 | +12.0% |
| Non-distributable reserves | 130/1 | €23,500 | €23,500 | = | 0.0% |
| Legal reserve | 130 | €23,500 | - | -€23,500 | |
| Reserves not available under the articles | 1311 | - | €23,500 | +€23,500 | |
| Distributable reserves | 133 | €149,105 | €169,903 | +€20,798 | +13.9% |
| Profit (loss) carried forward | 14 | €22,237 | €22,238 | +€1 | 0.0% |
| Amounts payable | 17/49 | €37,509 | €35,374 | -€2,135 | -5.7% |
| Amounts payable within one year | 42/48 | €37,509 | €35,374 | -€2,135 | -5.7% |
| Trade debts | 44 | €10,155 | €17,279 | +€7,124 | +70.2% |
| Suppliers | 440/4 | €10,155 | €17,279 | +€7,124 | +70.2% |
| Advances received on contracts in progress | 46 | - | €5,400 | +€5,400 | |
| Taxes, remuneration and social security | 45 | €26,794 | €12,695 | -€14,099 | -52.6% |
| Taxes | 450/3 | €26,794 | €12,695 | -€14,099 | -52.6% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Remuneration, social security and pensions | 62 | €21,700 | - | -€21,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | - | -€217 | |
| Other operating charges | 640/8 | - | €3,378 | +€3,378 | |
| Gross operating margin | 9900 | €41,056 | €36,629 | -€4,427 | -10.8% |
| Operating profit (loss) | 9901 | €19,139 | €33,251 | +€14,111 | +73.7% |
| Financial income | 75/76B | €296 | €606 | +€310 | +105% |
| Recurring financial income | 75 | €296 | €606 | +€310 | +105% |
| Non-recurring financial income | 76B | €296 | - | -€296 | |
| Financial charges | 65/66B | €3,687 | €1,261 | -€2,426 | -65.8% |
| Recurring financial charges | 65 | €3,687 | €1,261 | -€2,426 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €15,748 | €32,595 | +€16,847 | +107% |
| Income taxes | 67/77 | €4,972 | €11,797 | +€6,825 | +137% |
| Profit (loss) for the period | 9904 | €10,776 | €20,798 | +€10,022 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,776 | €20,798 | +€10,022 | +93.0% |
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.