AXITHRA: 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.
AXITHRA
Largest movements
- Cash +€2.1m
up €2.1m (+76.6%), from €2.8m to €4.9m
mainly Contributions, distributions and other (+€4.2m) and Depreciation (+€2.3m)
- Receivables within one year -€921,536
down €921,536 (-68.7%), from €1.3m to €419,537
of which Other amounts receivable: -€921,466
- Intangible fixed assets +€399,160
up €399,160 (+17.8%), from €2.2m to €2.6m
- Receivables after one year -€217,035
down €217,035 (-44.3%), from €490,221 to €273,186
- Tangible fixed assets +€112,008
up €112,008 (+44.9%), from €249,329 to €361,338
of which Plant, machinery and equipment: +€111,468
- Contributions +€4.2m
up €4.2m (+54.7%), from €7.8m to €12.0m
- Profit (loss) carried forward -€2.2m
down €2.2m (-123.6%), from -€1.8m to -€4.0m
- Accrued charges and deferred income -€596,899
down €596,899 (-69.0%), from €864,836 to €267,937
- Depreciation +€212,387
up €212,387 (+10.1%), from €2.1m to €2.3m
- Gross operating margin -€96,529
down €96,529 (-26.2%), from €368,307 to €271,778
- Taxes +€82,343
up €82,343 (+46.3%), from -€177,764 to -€95,421
- Staff costs +€30,822
up €30,822 (+13.6%), from €226,996 to €257,818
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 | €7,103,781 | €8,602,865 | +€1.5m | +21.1% |
| Fixed assets | 21/28 | €2,497,606 | €3,008,775 | +€511,168 | +20.5% |
| Intangible fixed assets | 21 | €2,248,077 | €2,647,237 | +€399,160 | +17.8% |
| Tangible fixed assets | 22/27 | €249,329 | €361,338 | +€112,008 | +44.9% |
| Plant, machinery and equipment | 23 | €229,652 | €341,120 | +€111,468 | +48.5% |
| Furniture and vehicles | 24 | €9,470 | €12,263 | +€2,793 | +29.5% |
| Other tangible fixed assets | 26 | €10,208 | €7,955 | -€2,252 | -22.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €4,606,174 | €5,594,090 | +€987,916 | +21.4% |
| Amounts receivable after more than one year | 29 | €490,221 | €273,186 | -€217,035 | -44.3% |
| Other amounts receivable | 291 | €490,221 | €273,186 | -€217,035 | -44.3% |
| Amounts receivable within one year | 40/41 | €1,341,073 | €419,537 | -€921,536 | -68.7% |
| Trade receivables | 40 | €130 | €60 | -€70 | -54.0% |
| Other amounts receivable | 41 | €1,340,943 | €419,477 | -€921,466 | -68.7% |
| Cash at bank and in hand | 54/58 | €2,766,381 | €4,885,185 | +€2.1m | +76.6% |
| Deferred charges and accrued income | 490/1 | €8,499 | €16,182 | +€7,683 | +90.4% |
| Total equity and liabilities | 10/49 | €7,103,781 | €8,602,865 | +€1.5m | +21.1% |
| Equity | 10/15 | €5,973,077 | €8,009,092 | +€2.0m | +34.1% |
| Contributions | 10/11 | €7,764,980 | €12,014,960 | +€4.2m | +54.7% |
| Profit (loss) carried forward | 14 | -€1,791,903 | -€4,005,868 | -€2.2m | -123.6% |
| Amounts payable | 17/49 | €1,130,704 | €593,772 | -€536,932 | -47.5% |
| Amounts payable within one year | 42/48 | €265,868 | €325,836 | +€59,967 | +22.6% |
| Trade debts | 44 | €237,406 | €288,435 | +€51,029 | +21.5% |
| Suppliers | 440/4 | €237,406 | €288,435 | +€51,029 | +21.5% |
| Taxes, remuneration and social security | 45 | €28,462 | €37,401 | +€8,939 | +31.4% |
| Taxes | 450/3 | - | €2,121 | +€2,121 | |
| Remuneration and social security | 454/9 | €28,462 | €35,280 | +€6,818 | +24.0% |
| Accrued charges and deferred income | 492/3 | €864,836 | €267,937 | -€596,899 | -69.0% |
| Remuneration, social security and pensions | 62 | €226,996 | €257,818 | +€30,822 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,109,208 | €2,321,595 | +€212,387 | +10.1% |
| Other operating charges | 640/8 | €772 | €544 | -€228 | -29.5% |
| Gross operating margin | 9900 | €368,307 | €271,778 | -€96,529 | -26.2% |
| Operating profit (loss) | 9901 | -€1,968,668 | -€2,308,178 | -€339,511 | -17.2% |
| Financial income | 75/76B | €85 | €142 | +€58 | +68.0% |
| Recurring financial income | 75 | €85 | €142 | +€58 | +68.0% |
| Financial charges | 65/66B | €1,085 | €1,350 | +€265 | +24.4% |
| Recurring financial charges | 65 | €1,085 | €1,350 | +€265 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,969,668 | -€2,309,386 | -€339,718 | -17.2% |
| Income taxes | 67/77 | -€177,764 | -€95,421 | +€82,343 | +46.3% |
| Profit (loss) for the period | 9904 | -€1,791,903 | -€2,213,964 | -€422,061 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,791,903 | -€2,213,964 | -€422,061 | -23.6% |
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 30 September 2026 via checked.be.