AXO GROUP: 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.
AXO GROUP
Largest movements
- Receivables within one year +€142,188
up €142,188 (+46,135%), from €308 to €142,496
of which Trade receivables: +€133,972
- Tangible fixed assets +€48,531
new in 2024: €48,531
of which Furniture and vehicles: +€47,360
- Cash +€19,191
new in 2024: €19,191
mainly Net result for the year (+€102,617) and Tax, wage and social debts (+€58,037)
- Intangible fixed assets +€9,647
new in 2024: €9,647
- Financial fixed assets +€4,200
new in 2024: €4,200
- Profit (loss) carried forward +€102,617
up €102,617, from -€2,072 to €100,545
- Tax, wage and social debts +€58,037
new in 2024: €58,037
of which Taxes: +€32,518
- Trade debts +€42,585
new in 2024: €42,585
- Other debts +€20,398
up €20,398 (+857%), from €2,380 to €22,778
- Accrued charges and deferred income +€2,500
new in 2024: €2,500
- Gross operating margin +€318,508
up €318,508, from -€1,572 to €316,936
- Staff costs +€159,078
new in 2024: €159,078
- Taxes +€32,259
new in 2024: €32,259
- Other operating charges +€9,866
up €9,866 (+1,973%), from €500 to €10,366
- Depreciation +€6,535
new in 2024: €6,535
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308 | €226,446 | +€226,138 | +73,374% |
| Fixed assets | 21/28 | - | €62,379 | +€62,379 | |
| Intangible fixed assets | 21 | - | €9,647 | +€9,647 | |
| Tangible fixed assets | 22/27 | - | €48,531 | +€48,531 | |
| Plant, machinery and equipment | 23 | - | €1,171 | +€1,171 | |
| Furniture and vehicles | 24 | - | €47,360 | +€47,360 | |
| Financial fixed assets | 28 | - | €4,200 | +€4,200 | |
| Current assets | 29/58 | €308 | €164,067 | +€163,759 | +53,134% |
| Amounts receivable within one year | 40/41 | €308 | €142,496 | +€142,188 | +46,135% |
| Trade receivables | 40 | - | €133,972 | +€133,972 | |
| Other amounts receivable | 41 | €308 | €8,524 | +€8,216 | +2,666% |
| Cash at bank and in hand | 54/58 | - | €19,191 | +€19,191 | |
| Deferred charges and accrued income | 490/1 | - | €2,380 | +€2,380 | |
| Total equity and liabilities | 10/49 | €308 | €226,446 | +€226,138 | +73,374% |
| Equity | 10/15 | -€2,072 | €100,545 | +€102,617 | |
| Profit (loss) carried forward | 14 | -€2,072 | €100,545 | +€102,617 | |
| Amounts payable | 17/49 | €2,380 | €125,900 | +€123,520 | +5,190% |
| Amounts payable within one year | 42/48 | €2,380 | €123,400 | +€121,020 | +5,085% |
| Trade debts | 44 | - | €42,585 | +€42,585 | |
| Suppliers | 440/4 | - | €42,585 | +€42,585 | |
| Taxes, remuneration and social security | 45 | - | €58,037 | +€58,037 | |
| Taxes | 450/3 | - | €32,518 | +€32,518 | |
| Remuneration and social security | 454/9 | - | €25,519 | +€25,519 | |
| Other amounts payable | 47/48 | €2,380 | €22,778 | +€20,398 | +857% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | - | €159,078 | +€159,078 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,535 | +€6,535 | |
| Other operating charges | 640/8 | €500 | €10,366 | +€9,866 | +1,973% |
| Gross operating margin | 9900 | -€1,572 | €316,936 | +€318,508 | |
| Operating profit (loss) | 9901 | -€2,072 | €140,957 | +€143,028 | |
| Financial charges | 65/66B | - | €6,080 | +€6,080 | |
| Recurring financial charges | 65 | - | €6,080 | +€6,080 | |
| Profit (loss) for the period before taxes | 9903 | -€2,072 | €134,877 | +€136,949 | |
| Income taxes | 67/77 | - | €32,259 | +€32,259 | |
| Profit (loss) for the period | 9904 | -€2,072 | €102,617 | +€104,689 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,072 | €102,617 | +€104,689 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.