AXIS-ONE: 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-ONE
Largest movements
- Receivables within one year -€67,924
down €67,924 (-28.0%), from €242,969 to €175,044
of which Trade receivables: -€63,381
- Tangible fixed assets -€21,883
down €21,883 (-71.6%), from €30,551 to €8,667
of which Plant, machinery and equipment: -€12,977
- Stocks and contracts -€10,738
down €10,738 (-8.2%), from €130,460 to €119,722
- Profit (loss) carried forward -€75,965
down €75,965 (-13.5%), from -€562,366 to -€638,332
- Trade debts -€35,295
down €35,295 (-11.8%), from €298,991 to €263,697
- Tax, wage and social debts -€32,832
down €32,832 (-10.1%), from €326,094 to €293,262
of which Taxes: -€34,213
- Short-term financial debts +€27,473
up €27,473 (+27.7%), from €99,075 to €126,548
- Other debts +€12,790
up €12,790 (+5.7%), from €224,002 to €236,792
- Staff costs -€119,650
down €119,650 (-65.2%), from €183,532 to €63,882
- Gross operating margin +€104,385
up €104,385, from -€76,381 to €28,005
- Depreciation -€10,578
down €10,578 (-74.3%), from €14,237 to €3,659
- Other operating charges -€1,935
down €1,935 (-57.3%), from €3,379 to €1,444
- Financial charges +€1,067
up €1,067 (+3.6%), from €29,596 to €30,663
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 | €410,654 | €305,665 | -€104,989 | -25.6% |
| Fixed assets | 21/28 | €30,811 | €8,927 | -€21,883 | -71.0% |
| Tangible fixed assets | 22/27 | €30,551 | €8,667 | -€21,883 | -71.6% |
| Plant, machinery and equipment | 23 | €13,393 | €416 | -€12,977 | -96.9% |
| Furniture and vehicles | 24 | €13,845 | €8,252 | -€5,594 | -40.4% |
| Other tangible fixed assets | 26 | €3,312 | €0 | -€3,312 | -100% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €379,844 | €296,738 | -€83,106 | -21.9% |
| Stocks and contracts in progress | 3 | €130,460 | €119,722 | -€10,738 | -8.2% |
| Stocks | 30/36 | €130,460 | €119,722 | -€10,738 | -8.2% |
| Amounts receivable within one year | 40/41 | €242,969 | €175,044 | -€67,924 | -28.0% |
| Trade receivables | 40 | €238,035 | €174,654 | -€63,381 | -26.6% |
| Other amounts receivable | 41 | €4,934 | €390 | -€4,544 | -92.1% |
| Cash at bank and in hand | 54/58 | €2,362 | €1,549 | -€812 | -34.4% |
| Deferred charges and accrued income | 490/1 | €4,053 | €422 | -€3,632 | -89.6% |
| Total equity and liabilities | 10/49 | €410,654 | €305,665 | -€104,989 | -25.6% |
| Equity | 10/15 | -€541,906 | -€617,872 | -€75,965 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€562,366 | -€638,332 | -€75,965 | -13.5% |
| Amounts payable | 17/49 | €952,561 | €923,537 | -€29,024 | -3.0% |
| Amounts payable within one year | 42/48 | €948,163 | €920,299 | -€27,864 | -2.9% |
| Financial debts | 43 | €99,075 | €126,548 | +€27,473 | +27.7% |
| Credit institutions | 430/8 | €99,075 | €126,548 | +€27,473 | +27.7% |
| Trade debts | 44 | €298,991 | €263,697 | -€35,295 | -11.8% |
| Suppliers | 440/4 | €298,991 | €263,697 | -€35,295 | -11.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €326,094 | €293,262 | -€32,832 | -10.1% |
| Taxes | 450/3 | €254,650 | €220,438 | -€34,213 | -13.4% |
| Remuneration and social security | 454/9 | €71,444 | €72,825 | +€1,381 | +1.9% |
| Other amounts payable | 47/48 | €224,002 | €236,792 | +€12,790 | +5.7% |
| Accrued charges and deferred income | 492/3 | €4,398 | €3,238 | -€1,161 | -26.4% |
| Non-recurring operating income | 76A | - | €30,059 | +€30,059 | |
| Remuneration, social security and pensions | 62 | €183,532 | €63,882 | -€119,650 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,237 | €3,659 | -€10,578 | -74.3% |
| Other operating charges | 640/8 | €3,379 | €1,444 | -€1,935 | -57.3% |
| Non-recurring operating charges | 66A | €10,124 | €3,530 | -€6,594 | -65.1% |
| Gross operating margin | 9900 | -€76,381 | €28,005 | +€104,385 | |
| Operating profit (loss) | 9901 | -€287,653 | -€44,510 | +€243,143 | +84.5% |
| Financial income | 75/76B | €102 | €147 | +€45 | +43.7% |
| Recurring financial income | 75 | €102 | €147 | +€45 | +43.7% |
| Financial charges | 65/66B | €29,596 | €30,663 | +€1,067 | +3.6% |
| Recurring financial charges | 65 | €29,596 | €30,663 | +€1,067 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€317,147 | -€75,026 | +€242,121 | +76.3% |
| Income taxes | 67/77 | €1,371 | €939 | -€432 | -31.5% |
| Profit (loss) for the period | 9904 | -€318,518 | -€75,965 | +€242,553 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€318,518 | -€75,965 | +€242,553 | +76.2% |
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.