AXIS PROJET: 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 PROJET
Largest movements
- Cash -€46,709
down €46,709 (-14.0%), from €332,469 to €285,760
mainly Contributions, distributions and other (-€35,294) and Debts after one year (-€17,848)
- Tangible fixed assets -€16,939
down €16,939 (-31.1%), from €54,516 to €37,577
of which Leasing and similar rights: -€18,258
- Debts after one year -€17,848
down €17,848 (-52.7%), from €33,847 to €15,999
- Tax, wage and social debts -€15,024
down €15,024 (-91.1%), from €16,486 to €1,462
- Other debts -€15,000
down €15,000 (-45.9%), from €32,647 to €17,647
- Trade debts -€9,521
down €9,521 (-74.5%), from €12,785 to €3,264
- Turnover -€149,610
down €149,610 (-45.5%), from €328,842 to €179,232
- Gross operating margin -€91,979
down €91,979 (-56.3%), from €163,258 to €71,279
- Purchases and services -€69,927
down €69,927 (-38.6%), from €181,206 to €111,279
- Taxes -€31,296
down €31,296 (-73.6%), from €42,529 to €11,233
- Depreciation +€14,299
up €14,299 (+249.7%), from €5,726 to €20,025
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 | €494,813 | €437,982 | -€56,831 | -11.5% |
| Fixed assets | 21/28 | €71,257 | €54,318 | -€16,939 | -23.8% |
| Tangible fixed assets | 22/27 | €54,516 | €37,577 | -€16,939 | -31.1% |
| Plant, machinery and equipment | 23 | - | €918 | +€918 | |
| Furniture and vehicles | 24 | €1,491 | €2,296 | +€805 | +54.0% |
| Leasing and similar rights | 25 | €50,737 | €32,479 | -€18,258 | -36.0% |
| Other tangible fixed assets | 26 | €2,288 | €1,884 | -€404 | -17.7% |
| Financial fixed assets | 28 | €16,741 | €16,741 | = | 0.0% |
| Current assets | 29/58 | €423,556 | €383,664 | -€39,892 | -9.4% |
| Amounts receivable within one year | 40/41 | €89,369 | €93,834 | +€4,465 | +5.0% |
| Trade receivables | 40 | €63,355 | €35,355 | -€28,000 | -44.2% |
| Other amounts receivable | 41 | €26,014 | €58,479 | +€32,465 | +124.8% |
| Cash at bank and in hand | 54/58 | €332,469 | €285,760 | -€46,709 | -14.0% |
| Deferred charges and accrued income | 490/1 | €1,718 | €4,070 | +€2,352 | +136.9% |
| Total equity and liabilities | 10/49 | €494,813 | €437,982 | -€56,831 | -11.5% |
| Equity | 10/15 | €381,792 | €383,227 | +€1,435 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €354,860 | €354,860 | = | 0.0% |
| Distributable reserves | 133 | €354,860 | €354,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,332 | €9,767 | +€1,435 | +17.2% |
| Amounts payable | 17/49 | €113,021 | €54,755 | -€58,266 | -51.6% |
| Amounts payable after more than one year | 17 | €33,847 | €15,999 | -€17,848 | -52.7% |
| Financial debts | 170/4 | €33,847 | €15,999 | -€17,848 | -52.7% |
| Amounts payable within one year | 42/48 | €79,174 | €38,756 | -€40,418 | -51.0% |
| Financial debts | 43 | €17,256 | €16,383 | -€873 | -5.1% |
| Other loans | 439 | €17,256 | €16,383 | -€873 | -5.1% |
| Trade debts | 44 | €12,785 | €3,264 | -€9,521 | -74.5% |
| Suppliers | 440/4 | €12,785 | €3,264 | -€9,521 | -74.5% |
| Taxes, remuneration and social security | 45 | €16,486 | €1,462 | -€15,024 | -91.1% |
| Taxes | 450/3 | €16,486 | €1,462 | -€15,024 | -91.1% |
| Other amounts payable | 47/48 | €32,647 | €17,647 | -€15,000 | -45.9% |
| Turnover | 70 | €328,842 | €179,232 | -€149,610 | -45.5% |
| Non-recurring operating income | 76A | €12,477 | - | -€12,477 | |
| Goods, raw materials, services and sundry goods | 60/61 | €181,206 | €111,279 | -€69,927 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,726 | €20,025 | +€14,299 | +249.7% |
| Other operating charges | 640/8 | €6,825 | €3,363 | -€3,462 | -50.7% |
| Non-recurring operating charges | 66A | €131 | €226 | +€95 | +72.5% |
| Gross operating margin | 9900 | €163,258 | €71,279 | -€91,979 | -56.3% |
| Operating profit (loss) | 9901 | €150,576 | €47,665 | -€102,911 | -68.3% |
| Financial income | 75/76B | €4,253 | €2,140 | -€2,113 | -49.7% |
| Recurring financial income | 75 | €4,253 | €2,140 | -€2,113 | -49.7% |
| Financial charges | 65/66B | €1,368 | €1,843 | +€475 | +34.7% |
| Recurring financial charges | 65 | €1,368 | €1,843 | +€475 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €153,461 | €47,962 | -€105,499 | -68.7% |
| Income taxes | 67/77 | €42,529 | €11,233 | -€31,296 | -73.6% |
| Profit (loss) for the period | 9904 | €110,932 | €36,729 | -€74,203 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,932 | €36,729 | -€74,203 | -66.9% |
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 11 October 2026 via checked.be.