AXIS PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Receivables within one year +€370,956
up €370,956 (+37.5%), from €990,433 to €1.4m
of which Trade receivables: +€362,541
- Cash -€142,980
down €142,980 (-46.2%), from €309,617 to €166,637
mainly Receivables within one year (-€370,956) and Tax, wage and social debts (-€24,950)
- Profit (loss) carried forward +€149,816
up €149,816 (+50.8%), from €294,646 to €444,462
- Other debts +€75,000
new in 2025: €75,000
- Trade debts +€37,655
up €37,655 (+7.9%), from €475,111 to €512,766
- Tax, wage and social debts -€24,950
down €24,950 (-7.1%), from €352,606 to €327,656
of which Taxes: -€15,874
- Accrued charges and deferred income -€19,276
down €19,276 (-21.8%), from €88,244 to €68,968
- Staff costs -€440,130
down €440,130 (-12.2%), from €3.6m to €3.2m
- Turnover -€405,484
down €405,484 (-6.1%), from €6.6m to €6.2m
- Gross operating margin -€357,893
down €357,893 (-9.3%), from €3.8m to €3.5m
- Taxes +€117,654
up €117,654 (+352.9%), from €33,337 to €150,991
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 | €1,325,436 | €1,543,681 | +€218,245 | +16.5% |
| Fixed assets | 21/28 | €4,843 | €3,311 | -€1,532 | -31.6% |
| Tangible fixed assets | 22/27 | €4,843 | €3,311 | -€1,532 | -31.6% |
| Plant, machinery and equipment | 23 | €4,843 | €3,311 | -€1,532 | -31.6% |
| Current assets | 29/58 | €1,320,593 | €1,540,370 | +€219,777 | +16.6% |
| Amounts receivable within one year | 40/41 | €990,433 | €1,361,389 | +€370,956 | +37.5% |
| Trade receivables | 40 | €908,101 | €1,270,642 | +€362,541 | +39.9% |
| Other amounts receivable | 41 | €82,332 | €90,747 | +€8,415 | +10.2% |
| Cash at bank and in hand | 54/58 | €309,617 | €166,637 | -€142,980 | -46.2% |
| Deferred charges and accrued income | 490/1 | €20,543 | €12,344 | -€8,199 | -39.9% |
| Total equity and liabilities | 10/49 | €1,325,436 | €1,543,681 | +€218,245 | +16.5% |
| Equity | 10/15 | €409,475 | €559,291 | +€149,816 | +36.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €14,829 | €14,829 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €4,829 | €4,829 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €294,646 | €444,462 | +€149,816 | +50.8% |
| Amounts payable | 17/49 | €915,961 | €984,390 | +€68,429 | +7.5% |
| Amounts payable within one year | 42/48 | €827,717 | €915,422 | +€87,705 | +10.6% |
| Trade debts | 44 | €475,111 | €512,766 | +€37,655 | +7.9% |
| Suppliers | 440/4 | €475,111 | €512,766 | +€37,655 | +7.9% |
| Taxes, remuneration and social security | 45 | €352,606 | €327,656 | -€24,950 | -7.1% |
| Taxes | 450/3 | €74,367 | €58,493 | -€15,874 | -21.3% |
| Remuneration and social security | 454/9 | €278,239 | €269,163 | -€9,076 | -3.3% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Accrued charges and deferred income | 492/3 | €88,244 | €68,968 | -€19,276 | -21.8% |
| Turnover | 70 | €6,637,150 | €6,231,666 | -€405,484 | -6.1% |
| Non-recurring operating income | 76A | €2,623 | - | -€2,623 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,893,553 | €2,907,462 | +€13,909 | +0.5% |
| Remuneration, social security and pensions | 62 | €3,610,955 | €3,170,825 | -€440,130 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,352 | €2,543 | +€191 | +8.1% |
| Other operating charges | 640/8 | €327 | €120 | -€207 | -63.3% |
| Gross operating margin | 9900 | €3,832,071 | €3,474,178 | -€357,893 | -9.3% |
| Operating profit (loss) | 9901 | €218,437 | €300,690 | +€82,253 | +37.7% |
| Financial income | 75/76B | - | €449 | +€449 | |
| Recurring financial income | 75 | - | €449 | +€449 | |
| Financial charges | 65/66B | €1,898 | €332 | -€1,566 | -82.5% |
| Recurring financial charges | 65 | €1,898 | €332 | -€1,566 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €216,539 | €300,807 | +€84,268 | +38.9% |
| Income taxes | 67/77 | €33,337 | €150,991 | +€117,654 | +352.9% |
| Profit (loss) for the period | 9904 | €183,202 | €149,816 | -€33,386 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €183,202 | €149,816 | -€33,386 | -18.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.