AXON SYSTEMS: 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.
AXON SYSTEMS
Largest movements
- Current investments +€41,533
up €41,533 (+36.3%), from €114,570 to €156,103
- Receivables within one year -€25,369
down €25,369 (-53.5%), from €47,432 to €22,063
of which Trade receivables: -€27,104
- Tangible fixed assets -€13,309
down €13,309 (-2.6%), from €512,477 to €499,168
of which Land and buildings: -€14,149
- Reserves +€34,330
up €34,330 (+12.2%), from €281,809 to €316,139
of which Distributable reserves: +€34,330
- Other debts -€18,567
down €18,567 (-96.1%), from €19,319 to €752
- Debts after one year -€13,931
down €13,931 (-3.9%), from €361,348 to €347,417
- Tax, wage and social debts -€9,334
down €9,334 (-44.2%), from €21,124 to €11,790
of which Taxes: -€9,334
- Purchases and services -€20,992
down €20,992 (-14.8%), from €141,702 to €120,710
- Turnover -€11,218
down €11,218 (-4.2%), from €267,468 to €256,250
- Gross operating margin +€9,774
up €9,774 (+7.8%), from €125,766 to €135,540
- Depreciation +€7,097
up €7,097 (+77.8%), from €9,118 to €16,215
- Financial charges +€6,761
up €6,761 (+101.9%), from €6,638 to €13,399
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 | €718,046 | €711,989 | -€6,057 | -0.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €512,477 | €499,168 | -€13,309 | -2.6% |
| Tangible fixed assets | 22/27 | €512,477 | €499,168 | -€13,309 | -2.6% |
| Land and buildings | 22 | €504,299 | €490,150 | -€14,149 | -2.8% |
| Plant, machinery and equipment | 23 | €6,643 | €5,961 | -€683 | -10.3% |
| Furniture and vehicles | 24 | €1,534 | €3,057 | +€1,523 | +99.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €205,569 | €212,821 | +€7,252 | +3.5% |
| Amounts receivable within one year | 40/41 | €47,432 | €22,063 | -€25,369 | -53.5% |
| Trade receivables | 40 | €47,432 | €20,328 | -€27,104 | -57.1% |
| Other amounts receivable | 41 | €0 | €1,735 | +€1,735 | |
| Current investments | 50/53 | €114,570 | €156,103 | +€41,533 | +36.3% |
| Cash at bank and in hand | 54/58 | €36,457 | €31,442 | -€5,015 | -13.8% |
| Deferred charges and accrued income | 490/1 | €7,111 | €3,213 | -€3,897 | -54.8% |
| Total equity and liabilities | 10/49 | €718,046 | €711,989 | -€6,057 | -0.8% |
| Equity | 10/15 | €302,359 | €336,690 | +€34,331 | +11.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €281,809 | €316,139 | +€34,330 | +12.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €279,950 | €314,280 | +€34,330 | +12.3% |
| Profit (loss) carried forward | 14 | €14,352 | €14,353 | +€1 | 0.0% |
| Amounts payable | 17/49 | €415,688 | €375,299 | -€40,388 | -9.7% |
| Amounts payable after more than one year | 17 | €361,348 | €347,417 | -€13,931 | -3.9% |
| Financial debts | 170/4 | €361,348 | €347,417 | -€13,931 | -3.9% |
| Amounts payable within one year | 42/48 | €54,339 | €27,883 | -€26,457 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €13,446 | €13,935 | +€488 | +3.6% |
| Trade debts | 44 | €450 | €1,406 | +€956 | +212.6% |
| Suppliers | 440/4 | €450 | €1,406 | +€956 | +212.6% |
| Taxes, remuneration and social security | 45 | €21,124 | €11,790 | -€9,334 | -44.2% |
| Taxes | 450/3 | €21,124 | €11,790 | -€9,334 | -44.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €19,319 | €752 | -€18,567 | -96.1% |
| Turnover | 70 | €267,468 | €256,250 | -€11,218 | -4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €141,702 | €120,710 | -€20,992 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,118 | €16,215 | +€7,097 | +77.8% |
| Other operating charges | 640/8 | €2,886 | €4,110 | +€1,224 | +42.4% |
| Gross operating margin | 9900 | €125,766 | €135,540 | +€9,774 | +7.8% |
| Operating profit (loss) | 9901 | €113,762 | €115,215 | +€1,453 | +1.3% |
| Financial income | 75/76B | €1,041 | €713 | -€328 | -31.5% |
| Recurring financial income | 75 | €1,041 | €713 | -€328 | -31.5% |
| Financial charges | 65/66B | €6,638 | €13,399 | +€6,761 | +101.9% |
| Recurring financial charges | 65 | €6,638 | €13,399 | +€6,761 | +101.9% |
| Profit (loss) for the period before taxes | 9903 | €108,165 | €102,528 | -€5,636 | -5.2% |
| Income taxes | 67/77 | €30,934 | €28,367 | -€2,567 | -8.3% |
| Profit (loss) for the period | 9904 | €77,231 | €74,161 | -€3,069 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,231 | €74,161 | -€3,069 | -4.0% |
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.