AXISIO: 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.
AXISIO
Largest movements
- Cash -€48,068
down €48,068 (-75.7%), from €63,508 to €15,440
mainly Contributions, distributions and other (-€185,000) and Short-term financial debts (-€72,992)
- Receivables within one year -€14,855
down €14,855 (-16.7%), from €89,113 to €74,258
of which Other amounts receivable: -€49,769
- Tangible fixed assets -€13,607
down €13,607 (-2.9%), from €466,793 to €453,186
of which Furniture and vehicles: -€23,882
- Short-term financial debts -€72,992
down €72,992 (-88.0%), from €82,968 to €9,976
of which Credit institutions: -€75,184
- Trade debts -€31,412
down €31,412 (-43.8%), from €71,707 to €40,295
of which Suppliers: -€31,412
- Other debts +€26,994
up €26,994 (+15.3%), from €176,359 to €203,353
- Provisions -€24,242
down €24,242 (-71.9%), from €33,718 to €9,476
of which Provisions for liabilities and charges: -€23,469
- Debts after one year +€13,687
up €13,687 (+3.9%), from €354,175 to €367,862
- Gross operating margin +€60,760
up €60,760 (+11.5%), from €527,002 to €587,762
- Provisions -€46,937
down €46,937, from €23,469 to -€23,469
- Financial charges +€26,954
up €26,954 (+172.1%), from €15,663 to €42,617
- Depreciation -€24,261
down €24,261 (-36.4%), from €66,576 to €42,315
- Staff costs -€20,643
down €20,643 (-7.6%), from €270,552 to €249,910
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 | €1,100,432 | €1,022,255 | -€78,178 | -7.1% |
| Fixed assets | 21/28 | €471,802 | €456,735 | -€15,067 | -3.2% |
| Intangible fixed assets | 21 | €5,009 | €3,549 | -€1,460 | -29.1% |
| Tangible fixed assets | 22/27 | €466,793 | €453,186 | -€13,607 | -2.9% |
| Land and buildings | 22 | €411,642 | €421,917 | +€10,275 | +2.5% |
| Furniture and vehicles | 24 | €55,151 | €31,268 | -€23,882 | -43.3% |
| Current assets | 29/58 | €628,630 | €565,519 | -€63,110 | -10.0% |
| Amounts receivable after more than one year | 29 | €467,760 | €467,760 | = | 0.0% |
| Other amounts receivable | 291 | €467,760 | €467,760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €89,113 | €74,258 | -€14,855 | -16.7% |
| Trade receivables | 40 | €7,771 | €42,685 | +€34,914 | +449.3% |
| Other amounts receivable | 41 | €81,342 | €31,573 | -€49,769 | -61.2% |
| Cash at bank and in hand | 54/58 | €63,508 | €15,440 | -€48,068 | -75.7% |
| Deferred charges and accrued income | 490/1 | €8,249 | €8,061 | -€188 | -2.3% |
| Total equity and liabilities | 10/49 | €1,100,432 | €1,022,255 | -€78,178 | -7.1% |
| Equity | 10/15 | €271,140 | €281,225 | +€10,085 | +3.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €245,747 | €243,427 | -€2,321 | -0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €30,747 | €28,427 | -€2,321 | -7.5% |
| Distributable reserves | 133 | €215,000 | €215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393 | €12,799 | +€12,406 | +3157.7% |
| Provisions and deferred taxes | 16 | €33,718 | €9,476 | -€24,242 | -71.9% |
| Provisions for liabilities and charges | 160/5 | €23,469 | €0 | -€23,469 | -100.0% |
| Other liabilities and charges | 164/5 | €23,469 | €0 | -€23,469 | -100.0% |
| Deferred taxes | 168 | €10,249 | €9,476 | -€774 | -7.5% |
| Amounts payable | 17/49 | €795,574 | €731,553 | -€64,021 | -8.0% |
| Amounts payable after more than one year | 17 | €354,175 | €367,862 | +€13,687 | +3.9% |
| Financial debts | 170/4 | €354,175 | €367,862 | +€13,687 | +3.9% |
| Amounts payable within one year | 42/48 | €439,593 | €361,847 | -€77,746 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €58,156 | €63,916 | +€5,760 | +9.9% |
| Financial debts | 43 | €82,968 | €9,976 | -€72,992 | -88.0% |
| Credit institutions | 430/8 | €82,968 | €7,784 | -€75,184 | -90.6% |
| Other loans | 439 | - | €2,192 | +€2,192 | |
| Trade debts | 44 | €71,707 | €40,295 | -€31,412 | -43.8% |
| Suppliers | 440/4 | €71,707 | €40,295 | -€31,412 | -43.8% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €50,403 | €44,306 | -€6,096 | -12.1% |
| Taxes | 450/3 | €10,427 | €11,068 | +€641 | +6.1% |
| Remuneration and social security | 454/9 | €39,976 | €33,239 | -€6,737 | -16.9% |
| Other amounts payable | 47/48 | €176,359 | €203,353 | +€26,994 | +15.3% |
| Accrued charges and deferred income | 492/3 | €1,806 | €1,844 | +€38 | +2.1% |
| Remuneration, social security and pensions | 62 | €270,552 | €249,910 | -€20,643 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,576 | €42,315 | -€24,261 | -36.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,469 | -€23,469 | -€46,937 | |
| Other operating charges | 640/8 | €7,243 | €8,679 | +€1,436 | +19.8% |
| Non-recurring operating charges | 66A | - | €9,690 | +€9,690 | |
| Gross operating margin | 9900 | €527,002 | €587,762 | +€60,760 | +11.5% |
| Operating profit (loss) | 9901 | €159,162 | €300,637 | +€141,476 | +88.9% |
| Financial income | 75/76B | €998 | €514 | -€484 | -48.5% |
| Recurring financial income | 75 | €998 | €514 | -€484 | -48.5% |
| Financial charges | 65/66B | €15,663 | €42,617 | +€26,954 | +172.1% |
| Recurring financial charges | 65 | €15,663 | €42,617 | +€26,954 | +172.1% |
| Profit (loss) for the period before taxes | 9903 | €144,497 | €258,535 | +€114,038 | +78.9% |
| Transfer from deferred taxes | 780 | €5,316 | €774 | -€4,542 | -85.4% |
| Income taxes | 67/77 | €48,898 | €64,223 | +€15,325 | +31.3% |
| Profit (loss) for the period | 9904 | €100,915 | €195,085 | +€94,171 | +93.3% |
| Transfer from tax-exempt reserves | 789 | €15,947 | €2,321 | -€13,627 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,862 | €197,406 | +€80,544 | +68.9% |
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 2 October 2026 via checked.be.