Axnet: 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.
Axnet
Largest movements
- Receivables within one year +€23,824
up €23,824 (+39.3%), from €60,681 to €84,505
of which Trade receivables: +€24,657
- Cash -€5,836
down €5,836 (-80.7%), from €7,229 to €1,393
mainly Contributions, distributions and other (-€56,826) and Receivables within one year (-€23,824)
- Tangible fixed assets -€1,837
down €1,837 (-81.7%), from €2,250 to €413
- Other debts +€51,429
up €51,429 (+3,191%), from €1,612 to €53,041
- Reserves -€37,362
down €37,362 (-81.2%), from €45,985 to €8,623
- Trade debts +€2,147
up €2,147 (+845%), from €254 to €2,401
- Gross operating margin +€4,511
up €4,511 (+17.9%), from €25,266 to €29,778
- Taxes +€1,308
up €1,308 (+23.4%), from €5,582 to €6,890
- Depreciation -€373
down €373 (-16.9%), from €2,210 to €1,837
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 | €71,750 | €87,959 | +€16,208 | +22.6% |
| Fixed assets | 21/28 | €2,250 | €413 | -€1,837 | -81.7% |
| Tangible fixed assets | 22/27 | €2,250 | €413 | -€1,837 | -81.7% |
| Other tangible fixed assets | 26 | €2,250 | €413 | -€1,837 | -81.7% |
| Current assets | 29/58 | €69,500 | €87,546 | +€18,046 | +26.0% |
| Amounts receivable within one year | 40/41 | €60,681 | €84,505 | +€23,824 | +39.3% |
| Trade receivables | 40 | €59,738 | €84,395 | +€24,657 | +41.3% |
| Other amounts receivable | 41 | €943 | €110 | -€833 | -88.3% |
| Cash at bank and in hand | 54/58 | €7,229 | €1,393 | -€5,836 | -80.7% |
| Deferred charges and accrued income | 490/1 | €1,591 | €1,649 | +€58 | +3.6% |
| Total equity and liabilities | 10/49 | €71,750 | €87,959 | +€16,208 | +22.6% |
| Equity | 10/15 | €64,585 | €27,223 | -€37,362 | -57.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,985 | €8,623 | -€37,362 | -81.2% |
| Distributable reserves | 133 | €45,985 | €8,623 | -€37,362 | -81.2% |
| Amounts payable | 17/49 | €7,165 | €60,736 | +€53,570 | +748% |
| Amounts payable within one year | 42/48 | €7,165 | €60,736 | +€53,570 | +748% |
| Trade debts | 44 | €254 | €2,401 | +€2,147 | +845% |
| Suppliers | 440/4 | €254 | €2,401 | +€2,147 | +845% |
| Taxes, remuneration and social security | 45 | €5,299 | €5,294 | -€5 | -0.1% |
| Taxes | 450/3 | €5,299 | €5,294 | -€5 | -0.1% |
| Other amounts payable | 47/48 | €1,612 | €53,041 | +€51,429 | +3,191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,210 | €1,837 | -€373 | -16.9% |
| Other operating charges | 640/8 | €986 | €1,280 | +€294 | +29.8% |
| Gross operating margin | 9900 | €25,266 | €29,778 | +€4,511 | +17.9% |
| Operating profit (loss) | 9901 | €22,071 | €26,661 | +€4,590 | +20.8% |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €274 | €307 | +€33 | +12.2% |
| Recurring financial charges | 65 | €274 | €307 | +€33 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €21,836 | €26,354 | +€4,518 | +20.7% |
| Income taxes | 67/77 | €5,582 | €6,890 | +€1,308 | +23.4% |
| Profit (loss) for the period | 9904 | €16,253 | €19,464 | +€3,210 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,253 | €19,464 | +€3,210 | +19.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.