AXNU: 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.
AXNU
Largest movements
- Receivables within one year +€53,415
up €53,415 (+100.8%), from €52,990 to €106,405
of which Other amounts receivable: +€31,176
- Reserves +€45,500
up €45,500 (+31.9%), from €142,760 to €188,260
- Debts after one year -€13,760
down €13,760 (-16.7%), from €82,165 to €68,405
- Tax, wage and social debts +€8,052
up €8,052 (+39.1%), from €20,618 to €28,670
- Trade debts +€4,717
up €4,717 (+45.8%), from €10,293 to €15,010
- Current portion of long-term debt +€4,360
up €4,360 (+33.8%), from €12,900 to €17,260
- Gross operating margin +€46,928
up €46,928 (+116.1%), from €40,403 to €87,331
- Taxes +€10,348
up €10,348 (+110.5%), from €9,364 to €19,712
- Financial charges +€4,101
up €4,101 (+84.9%), from €4,828 to €8,929
- Other operating charges -€1,450
down €1,450 (-65.3%), from €2,221 to €771
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 | €287,427 | €338,387 | +€50,960 | +17.7% |
| Fixed assets | 21/28 | €129,706 | €130,492 | +€786 | +0.6% |
| Tangible fixed assets | 22/27 | €129,706 | €130,492 | +€786 | +0.6% |
| Land and buildings | 22 | €118,446 | €121,518 | +€3,072 | +2.6% |
| Plant, machinery and equipment | 23 | €703 | €992 | +€289 | +41.0% |
| Furniture and vehicles | 24 | €10,557 | €7,982 | -€2,575 | -24.4% |
| Current assets | 29/58 | €157,721 | €207,895 | +€50,174 | +31.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,990 | €106,405 | +€53,415 | +100.8% |
| Trade receivables | 40 | €13,219 | €35,458 | +€22,239 | +168.2% |
| Other amounts receivable | 41 | €39,770 | €70,947 | +€31,176 | +78.4% |
| Current investments | 50/53 | €3,000 | €1 | -€2,999 | -100.0% |
| Cash at bank and in hand | 54/58 | €69 | €82 | +€12 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,662 | €1,407 | -€255 | -15.3% |
| Total equity and liabilities | 10/49 | €287,427 | €338,387 | +€50,960 | +17.7% |
| Equity | 10/15 | €157,625 | €203,193 | +€45,567 | +28.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €142,760 | €188,260 | +€45,500 | +31.9% |
| Distributable reserves | 133 | €142,760 | €188,260 | +€45,500 | +31.9% |
| Profit (loss) carried forward | 14 | €2,465 | €2,533 | +€67 | +2.7% |
| Amounts payable | 17/49 | €129,802 | €135,194 | +€5,393 | +4.2% |
| Amounts payable after more than one year | 17 | €82,165 | €68,405 | -€13,760 | -16.7% |
| Financial debts | 170/4 | €82,165 | €68,405 | -€13,760 | -16.7% |
| Amounts payable within one year | 42/48 | €47,637 | €66,789 | +€19,152 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €12,900 | €17,260 | +€4,360 | +33.8% |
| Financial debts | 43 | €3,826 | €5,849 | +€2,024 | +52.9% |
| Credit institutions | 430/8 | €3,826 | €5,849 | +€2,024 | +52.9% |
| Trade debts | 44 | €10,293 | €15,010 | +€4,717 | +45.8% |
| Suppliers | 440/4 | €10,293 | €15,010 | +€4,717 | +45.8% |
| Taxes, remuneration and social security | 45 | €20,618 | €28,670 | +€8,052 | +39.1% |
| Taxes | 450/3 | €20,618 | €28,670 | +€8,052 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,329 | €15,033 | +€704 | +4.9% |
| Other operating charges | 640/8 | €2,221 | €771 | -€1,450 | -65.3% |
| Gross operating margin | 9900 | €40,403 | €87,331 | +€46,928 | +116.1% |
| Operating profit (loss) | 9901 | €23,853 | €71,526 | +€47,673 | +199.9% |
| Financial income | 75/76B | €2,831 | €2,682 | -€149 | -5.3% |
| Recurring financial income | 75 | €2,831 | €2,682 | -€149 | -5.3% |
| Financial charges | 65/66B | €4,828 | €8,929 | +€4,101 | +84.9% |
| Recurring financial charges | 65 | €4,828 | €8,929 | +€4,101 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | €21,856 | €65,280 | +€43,424 | +198.7% |
| Income taxes | 67/77 | €9,364 | €19,712 | +€10,348 | +110.5% |
| Profit (loss) for the period | 9904 | €12,492 | €45,567 | +€33,076 | +264.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,492 | €45,567 | +€33,076 | +264.8% |
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 10 October 2026 via checked.be.