AXMA: 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.
AXMA
Largest movements
- Current investments +€306,142
up €306,142 (+2569.4%), from €11,915 to €318,057
- Receivables within one year -€152,686
down €152,686 (-94.4%), from €161,724 to €9,038
of which Other amounts receivable: -€86,741
- Cash -€66,272
down €66,272 (-8.0%), from €830,705 to €764,433
mainly Current investments (-€306,142) and Contributions, distributions and other (-€97,252)
- Tangible fixed assets -€51,120
down €51,120 (-5.4%), from €938,909 to €887,789
of which Land and buildings: -€29,139
- Reserves +€30,914
up €30,914 (+4.6%), from €676,804 to €707,718
- Financial income +€3,285
up €3,285 (+14.8%), from €22,224 to €25,509
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 | €1,943,253 | €1,983,014 | +€39,761 | +2.0% |
| Fixed assets | 21/28 | €938,909 | €887,789 | -€51,120 | -5.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €938,909 | €887,789 | -€51,120 | -5.4% |
| Land and buildings | 22 | €869,298 | €840,159 | -€29,139 | -3.4% |
| Plant, machinery and equipment | 23 | €8,872 | €6,881 | -€1,991 | -22.4% |
| Furniture and vehicles | 24 | €60,739 | €40,749 | -€19,990 | -32.9% |
| Current assets | 29/58 | €1,004,344 | €1,095,225 | +€90,881 | +9.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €161,724 | €9,038 | -€152,686 | -94.4% |
| Trade receivables | 40 | €69,661 | €3,716 | -€65,945 | -94.7% |
| Other amounts receivable | 41 | €92,063 | €5,322 | -€86,741 | -94.2% |
| Current investments | 50/53 | €11,915 | €318,057 | +€306,142 | +2569.4% |
| Cash at bank and in hand | 54/58 | €830,705 | €764,433 | -€66,272 | -8.0% |
| Deferred charges and accrued income | 490/1 | - | €3,697 | +€3,697 | |
| Total equity and liabilities | 10/49 | €1,943,253 | €1,983,014 | +€39,761 | +2.0% |
| Equity | 10/15 | €1,915,904 | €1,946,818 | +€30,914 | +1.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €676,804 | €707,718 | +€30,914 | +4.6% |
| Distributable reserves | 133 | €676,804 | €707,718 | +€30,914 | +4.6% |
| Profit (loss) carried forward | 14 | €1,176,100 | €1,176,100 | = | 0.0% |
| Amounts payable | 17/49 | €27,349 | €36,196 | +€8,847 | +32.3% |
| Amounts payable within one year | 42/48 | €26,098 | €36,196 | +€10,098 | +38.7% |
| Trade debts | 44 | €3,712 | €6,718 | +€3,006 | +81.0% |
| Suppliers | 440/4 | €3,712 | €6,718 | +€3,006 | +81.0% |
| Taxes, remuneration and social security | 45 | €22,386 | €29,478 | +€7,092 | +31.7% |
| Taxes | 450/3 | €18,636 | €26,484 | +€7,848 | +42.1% |
| Remuneration and social security | 454/9 | €3,750 | €2,994 | -€756 | -20.2% |
| Accrued charges and deferred income | 492/3 | €1,251 | - | -€1,251 | |
| Non-recurring operating income | 76A | €7,800 | - | -€7,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,145 | €51,145 | = | 0.0% |
| Other operating charges | 640/8 | €9,120 | €9,395 | +€275 | +3.0% |
| Gross operating margin | 9900 | €218,581 | €218,268 | -€313 | -0.1% |
| Operating profit (loss) | 9901 | €158,316 | €157,728 | -€588 | -0.4% |
| Financial income | 75/76B | €22,224 | €25,509 | +€3,285 | +14.8% |
| Recurring financial income | 75 | €22,224 | €25,509 | +€3,285 | +14.8% |
| Financial charges | 65/66B | €92 | €414 | +€322 | +350.0% |
| Recurring financial charges | 65 | €92 | €414 | +€322 | +350.0% |
| Profit (loss) for the period before taxes | 9903 | €180,448 | €182,823 | +€2,375 | +1.3% |
| Income taxes | 67/77 | €53,341 | €54,657 | +€1,316 | +2.5% |
| Profit (loss) for the period | 9904 | €127,107 | €128,166 | +€1,059 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €127,107 | €128,166 | +€1,059 | +0.8% |
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.