Axis44: 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.
Axis44
Largest movements
- Cash +€1.5m
up €1.5m (+1216.9%), from €125,755 to €1.7m
mainly Net result for the year (+€1.4m) and Tax, wage and social debts (+€136,738)
- Reserves +€1.4m
new in 2025: €1.4m
- Tax, wage and social debts +€136,738
up €136,738 (+274.0%), from €49,902 to €186,640
of which Taxes: +€132,988
- Gross operating margin +€1.6m
up €1.6m (+360.4%), from €454,212 to €2.1m
- Taxes +€573,921
up €573,921 (+546.4%), from €105,043 to €678,964
- Financial charges -€54,855
down €54,855 (-97.9%), from €56,021 to €1,166
- Financial income +€24,442
up €24,442 (+1503.9%), from €1,625 to €26,067
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 | €900,324 | €2,447,917 | +€1.5m | +171.9% |
| Fixed assets | 21/28 | €24,086 | €18,928 | -€5,157 | -21.4% |
| Tangible fixed assets | 22/27 | €24,086 | €18,928 | -€5,157 | -21.4% |
| Furniture and vehicles | 24 | €24,086 | €18,928 | -€5,157 | -21.4% |
| Current assets | 29/58 | €876,239 | €2,428,989 | +€1.6m | +177.2% |
| Amounts receivable within one year | 40/41 | €256,835 | €277,679 | +€20,844 | +8.1% |
| Trade receivables | 40 | €240,378 | €266,396 | +€26,018 | +10.8% |
| Other amounts receivable | 41 | €16,457 | €11,284 | -€5,173 | -31.4% |
| Current investments | 50/53 | €489,783 | €489,783 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,755 | €1,656,057 | +€1.5m | +1216.9% |
| Deferred charges and accrued income | 490/1 | €3,865 | €5,469 | +€1,604 | +41.5% |
| Total equity and liabilities | 10/49 | €900,324 | €2,447,917 | +€1.5m | +171.9% |
| Equity | 10/15 | €818,252 | €2,242,425 | +€1.4m | +174.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €1,424,173 | +€1.4m | |
| Distributable reserves | 133 | - | €1,424,173 | +€1.4m | |
| Profit (loss) carried forward | 14 | €813,252 | €813,252 | = | 0.0% |
| Amounts payable | 17/49 | €82,073 | €205,492 | +€123,419 | +150.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €82,073 | €205,492 | +€123,419 | +150.4% |
| Current portion of amounts payable after more than one year | 42 | €7,721 | €0 | -€7,721 | -100.0% |
| Trade debts | 44 | €4,537 | €3,291 | -€1,246 | -27.5% |
| Suppliers | 440/4 | €4,537 | €3,291 | -€1,246 | -27.5% |
| Taxes, remuneration and social security | 45 | €49,902 | €186,640 | +€136,738 | +274.0% |
| Taxes | 450/3 | €49,902 | €182,890 | +€132,988 | +266.5% |
| Remuneration and social security | 454/9 | €0 | €3,750 | +€3,750 | |
| Other amounts payable | 47/48 | €19,912 | €15,561 | -€4,351 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,611 | €11,719 | -€9,892 | -45.8% |
| Other operating charges | 640/8 | €1,071 | €1,396 | +€326 | +30.4% |
| Gross operating margin | 9900 | €454,212 | €2,091,351 | +€1.6m | +360.4% |
| Operating profit (loss) | 9901 | €431,530 | €2,078,236 | +€1.6m | +381.6% |
| Financial income | 75/76B | €1,625 | €26,067 | +€24,442 | +1503.9% |
| Recurring financial income | 75 | €1,625 | €26,067 | +€24,442 | +1503.9% |
| Financial charges | 65/66B | €56,021 | €1,166 | -€54,855 | -97.9% |
| Recurring financial charges | 65 | €56,021 | €1,166 | -€54,855 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €377,134 | €2,103,138 | +€1.7m | +457.7% |
| Income taxes | 67/77 | €105,043 | €678,964 | +€573,921 | +546.4% |
| Profit (loss) for the period | 9904 | €272,091 | €1,424,173 | +€1.2m | +423.4% |
| Profit (loss) for the period to be appropriated | 9905 | €272,091 | €1,424,173 | +€1.2m | +423.4% |
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 6 October 2026 via checked.be.