AxNN: 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.
What changed
AxNN
NACE 55.204, Guest rooms (bed and breakfast)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€15,620
2024 · -€4,278-€11,342
Equity
€73,145
2024 · €88,765-€15,620
Cash
€4,272
2024 · €6,991-€2,718
Balance sheet total
€670,663
2024 · €707,517-€36,854
Largest movements
Assets
- Tangible fixed assets -€37,900
down €37,900 (-5.5%), from €689,497 to €651,597
of which Land and buildings: -€30,527
Equity and liabilities
- Debts after one year -€33,882
down €33,882 (-7.5%), from €449,703 to €415,820
of which Financial debts: -€33,882
- Profit (loss) carried forward -€15,620
down €15,620 (-21.9%), from -€71,235 to -€86,855
- Other debts +€12,125
up €12,125 (+10.7%), from €113,610 to €125,735
Income statement
- Gross operating margin -€5,308
down €5,308 (-10.1%), from €52,644 to €47,336
- Depreciation +€3,833
up €3,833 (+9.7%), from €39,473 to €43,306
- Other operating charges +€2,080
up €2,080 (+64.3%), from €3,233 to €5,313
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.
Result 2024
-€4,278
Gross operating margin
-€5,308
Staff costs
-€118
Depreciation
-€3,833
Other operating charges
-€2,080
Other operating items
-€245
Financial income
-€2
Financial charges
+€244
Result 2025
-€15,620
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€35,327
Investment
-€4,602
Financing
-€33,444
Cash 2024
€6,991
From operations (derived)
+€35,327
Net result for the year
-€15,620
Depreciation
+€43,306
Receivables within one year
-€6,022
Deferred charges and accrued income
+€1,453
Trade debts
-€3,842
Other debts
+€12,125
Accrued charges and deferred income
+€3,926
Investment (derived)
-€4,602
Investment in fixed assets (net)
-€4,602
Financing
-€33,444
Debts after one year
-€33,882
Current portion of long-term debt
+€439
Cash 2025
€4,272
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €707,517 | €670,663 | -€36,854 | -5.2% |
| Formation expenses | 20 | €1,044 | €518 | -€526 | -50.4% |
| Fixed assets | 21/28 | €690,759 | €652,580 | -€38,178 | -5.5% |
| Intangible fixed assets | 21 | €1,262 | €984 | -€278 | -22.0% |
| Tangible fixed assets | 22/27 | €689,497 | €651,597 | -€37,900 | -5.5% |
| Land and buildings | 22 | €663,023 | €632,495 | -€30,527 | -4.6% |
| Plant, machinery and equipment | 23 | €841 | €487 | -€354 | -42.1% |
| Furniture and vehicles | 24 | €21,774 | €18,614 | -€3,160 | -14.5% |
| Assets under construction and advance payments | 27 | €3,859 | €0 | -€3,859 | -100% |
| Current assets | 29/58 | €15,715 | €17,565 | +€1,851 | +11.8% |
| Amounts receivable within one year | 40/41 | €6,731 | €12,754 | +€6,022 | +89.5% |
| Trade receivables | 40 | €6,243 | €12,480 | +€6,238 | +99.9% |
| Other amounts receivable | 41 | €489 | €273 | -€216 | -44.1% |
| Cash at bank and in hand | 54/58 | €6,991 | €4,272 | -€2,718 | -38.9% |
| Deferred charges and accrued income | 490/1 | €1,993 | €539 | -€1,453 | -72.9% |
| Total equity and liabilities | 10/49 | €707,517 | €670,663 | -€36,854 | -5.2% |
| Equity | 10/15 | €88,765 | €73,145 | -€15,620 | -17.6% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,235 | -€86,855 | -€15,620 | -21.9% |
| Amounts payable | 17/49 | €618,753 | €597,518 | -€21,234 | -3.4% |
| Amounts payable after more than one year | 17 | €449,703 | €415,820 | -€33,882 | -7.5% |
| Financial debts | 170/4 | €449,703 | €415,820 | -€33,882 | -7.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €160,257 | €168,978 | +€8,722 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €31,249 | €31,688 | +€439 | +1.4% |
| Trade debts | 44 | €14,457 | €10,615 | -€3,842 | -26.6% |
| Suppliers | 440/4 | €14,457 | €10,615 | -€3,842 | -26.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €941 | €941 | = | 0.0% |
| Taxes | 450/3 | €941 | €941 | = | 0.0% |
| Other amounts payable | 47/48 | €113,610 | €125,735 | +€12,125 | +10.7% |
| Accrued charges and deferred income | 492/3 | €8,793 | €12,720 | +€3,926 | +44.7% |
| Remuneration, social security and pensions | 62 | - | €118 | +€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,473 | €43,306 | +€3,833 | +9.7% |
| Other operating charges | 640/8 | €3,233 | €5,313 | +€2,080 | +64.3% |
| Non-recurring operating charges | 66A | - | €245 | +€245 | |
| Gross operating margin | 9900 | €52,644 | €47,336 | -€5,308 | -10.1% |
| Operating profit (loss) | 9901 | €9,937 | -€1,646 | -€11,584 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €14,217 | €13,973 | -€244 | -1.7% |
| Recurring financial charges | 65 | €14,217 | €13,973 | -€244 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,278 | -€15,620 | -€11,342 | -265% |
| Profit (loss) for the period | 9904 | -€4,278 | -€15,620 | -€11,342 | -265% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,278 | -€15,620 | -€11,342 | -265% |
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 14 October 2026 via checked.be.