AXIV MANAGEMENT: 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.
AXIV MANAGEMENT
Largest movements
- Tangible fixed assets +€113,705
up €113,705 (+392%), from €29,021 to €142,726
of which Furniture and vehicles: +€119,913
- Cash -€63,287
down €63,287 (-71.8%), from €88,090 to €24,803
mainly Investment in fixed assets (net) (-€134,775) and Net result for the year (-€93,260)
- Receivables within one year -€56,497
down €56,497 (-34.7%), from €162,971 to €106,473
of which Other amounts receivable: -€79,662
- Profit (loss) carried forward -€93,260
down €93,260 (-93.4%), from €99,897 to €6,637
- Debts after one year +€57,534
new in 2025: €57,534
- Tax, wage and social debts -€40,379
down €40,379 (-76.6%), from €52,740 to €12,361
of which Taxes: -€40,798
- Other debts +€34,716
up €34,716 (+142%), from €24,486 to €59,202
- Trade debts +€25,638
up €25,638 (+99.7%), from €25,704 to €51,342
- Write-downs +€62,085
up €62,085 (+1,374%), from €4,519 to €66,605
- Gross operating margin -€35,170
down €35,170 (-60.2%), from €58,466 to €23,296
- Depreciation +€18,340
up €18,340 (+672%), from €2,730 to €21,070
- Taxes -€10,971
down €10,971 (-84.4%), from €13,005 to €2,034
- Financial charges -€9,863
down €9,863 (-26.4%), from €37,292 to €27,430
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.
Derived cash bridge
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 | €398,595 | €394,630 | -€3,965 | -1.0% |
| Fixed assets | 21/28 | €29,021 | €142,726 | +€113,705 | +392% |
| Tangible fixed assets | 22/27 | €29,021 | €142,726 | +€113,705 | +392% |
| Plant, machinery and equipment | 23 | €4,958 | - | -€4,958 | |
| Furniture and vehicles | 24 | €3,754 | €123,667 | +€119,913 | +3,194% |
| Other tangible fixed assets | 26 | €20,308 | €19,059 | -€1,249 | -6.2% |
| Current assets | 29/58 | €369,574 | €251,904 | -€117,670 | -31.8% |
| Amounts receivable after more than one year | 29 | €116,500 | €119,800 | +€3,300 | +2.8% |
| Other amounts receivable | 291 | €116,500 | €119,800 | +€3,300 | +2.8% |
| Amounts receivable within one year | 40/41 | €162,971 | €106,473 | -€56,497 | -34.7% |
| Trade receivables | 40 | €5,336 | €28,501 | +€23,165 | +434% |
| Other amounts receivable | 41 | €157,634 | €77,972 | -€79,662 | -50.5% |
| Cash at bank and in hand | 54/58 | €88,090 | €24,803 | -€63,287 | -71.8% |
| Deferred charges and accrued income | 490/1 | €2,014 | €828 | -€1,186 | -58.9% |
| Total equity and liabilities | 10/49 | €398,595 | €394,630 | -€3,965 | -1.0% |
| Equity | 10/15 | €295,665 | €202,405 | -€93,260 | -31.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,568 | €189,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €187,713 | €187,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,897 | €6,637 | -€93,260 | -93.4% |
| Amounts payable | 17/49 | €102,929 | €192,225 | +€89,296 | +86.8% |
| Amounts payable after more than one year | 17 | - | €57,534 | +€57,534 | |
| Financial debts | 170/4 | - | €57,534 | +€57,534 | |
| Amounts payable within one year | 42/48 | €102,929 | €134,691 | +€31,762 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,787 | +€11,787 | |
| Trade debts | 44 | €25,704 | €51,342 | +€25,638 | +99.7% |
| Suppliers | 440/4 | €25,704 | €51,342 | +€25,638 | +99.7% |
| Taxes, remuneration and social security | 45 | €52,740 | €12,361 | -€40,379 | -76.6% |
| Taxes | 450/3 | €49,688 | €8,890 | -€40,798 | -82.1% |
| Remuneration and social security | 454/9 | €3,052 | €3,471 | +€419 | +13.7% |
| Other amounts payable | 47/48 | €24,486 | €59,202 | +€34,716 | +142% |
| Remuneration, social security and pensions | 62 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,730 | €21,070 | +€18,340 | +672% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,519 | €66,605 | +€62,085 | +1,374% |
| Other operating charges | 640/8 | €4,058 | €2,223 | -€1,835 | -45.2% |
| Non-recurring operating charges | 66A | - | €1,109 | +€1,109 | |
| Gross operating margin | 9900 | €58,466 | €23,296 | -€35,170 | -60.2% |
| Operating profit (loss) | 9901 | €47,158 | -€67,775 | -€114,933 | |
| Financial income | 75/76B | €3,300 | €3,978 | +€678 | +20.5% |
| Recurring financial income | 75 | €3,300 | €3,978 | +€678 | +20.5% |
| Financial charges | 65/66B | €37,292 | €27,430 | -€9,863 | -26.4% |
| Recurring financial charges | 65 | €37,292 | €27,430 | -€9,863 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €13,165 | -€91,227 | -€104,392 | |
| Income taxes | 67/77 | €13,005 | €2,034 | -€10,971 | -84.4% |
| Profit (loss) for the period | 9904 | €161 | -€93,260 | -€93,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €161 | -€93,260 | -€93,421 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.