AXONE: 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.
AXONE
Largest movements
- Receivables within one year +€50,913
up €50,913 (+43.8%), from €116,182 to €167,095
of which Trade receivables: +€48,347
- Tangible fixed assets -€16,612
down €16,612 (-10.0%), from €166,661 to €150,049
of which Land and buildings: -€9,640
- Cash -€7,519
down €7,519 (-17.9%), from €42,113 to €34,594
mainly Receivables within one year (-€50,913) and Debts after one year (-€24,526)
- Profit (loss) carried forward +€42,638
up €42,638, from -€25,634 to €17,004
- Debts after one year -€24,526
down €24,526 (-18.6%), from €132,082 to €107,555
of which Financial debts: -€24,526
- Trade debts +€4,873
up €4,873 (+7.9%), from €61,768 to €66,641
- Tax, wage and social debts +€4,769
up €4,769 (+63.0%), from €7,575 to €12,344
- Gross operating margin +€41,406
up €41,406 (+97.0%), from €42,669 to €84,074
- Taxes +€10,530
up €10,530 (+553.0%), from €1,904 to €12,434
- Other operating charges +€1,592
up €1,592 (+25.6%), from €6,220 to €7,812
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 | €329,020 | €355,587 | +€26,566 | +8.1% |
| Fixed assets | 21/28 | €166,661 | €150,049 | -€16,612 | -10.0% |
| Tangible fixed assets | 22/27 | €166,661 | €150,049 | -€16,612 | -10.0% |
| Land and buildings | 22 | €140,565 | €130,925 | -€9,640 | -6.9% |
| Plant, machinery and equipment | 23 | €483 | €322 | -€161 | -33.3% |
| Furniture and vehicles | 24 | €25,613 | €18,802 | -€6,811 | -26.6% |
| Current assets | 29/58 | €162,359 | €205,538 | +€43,178 | +26.6% |
| Amounts receivable within one year | 40/41 | €116,182 | €167,095 | +€50,913 | +43.8% |
| Trade receivables | 40 | €108,131 | €156,478 | +€48,347 | +44.7% |
| Other amounts receivable | 41 | €8,051 | €10,617 | +€2,566 | +31.9% |
| Current investments | 50/53 | €2,140 | €2,156 | +€17 | +0.8% |
| Cash at bank and in hand | 54/58 | €42,113 | €34,594 | -€7,519 | -17.9% |
| Deferred charges and accrued income | 490/1 | €1,924 | €1,692 | -€232 | -12.1% |
| Total equity and liabilities | 10/49 | €329,020 | €355,587 | +€26,566 | +8.1% |
| Equity | 10/15 | €10,666 | €53,304 | +€42,638 | +399.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,300 | €11,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,634 | €17,004 | +€42,638 | |
| Amounts payable | 17/49 | €318,354 | €302,283 | -€16,071 | -5.0% |
| Amounts payable after more than one year | 17 | €132,082 | €107,555 | -€24,526 | -18.6% |
| Financial debts | 170/4 | €130,482 | €105,955 | -€24,526 | -18.8% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €186,272 | €194,727 | +€8,455 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €23,882 | €24,526 | +€644 | +2.7% |
| Trade debts | 44 | €61,768 | €66,641 | +€4,873 | +7.9% |
| Suppliers | 440/4 | €61,768 | €66,641 | +€4,873 | +7.9% |
| Taxes, remuneration and social security | 45 | €7,575 | €12,344 | +€4,769 | +63.0% |
| Taxes | 450/3 | €7,575 | €12,344 | +€4,769 | +63.0% |
| Other amounts payable | 47/48 | €93,048 | €91,217 | -€1,831 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,315 | €16,612 | +€297 | +1.8% |
| Other operating charges | 640/8 | €6,220 | €7,812 | +€1,592 | +25.6% |
| Gross operating margin | 9900 | €42,669 | €84,074 | +€41,406 | +97.0% |
| Operating profit (loss) | 9901 | €20,134 | €59,651 | +€39,517 | +196.3% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €5,203 | €4,579 | -€624 | -12.0% |
| Recurring financial charges | 65 | €5,203 | €4,579 | -€624 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €14,934 | €55,072 | +€40,139 | +268.8% |
| Income taxes | 67/77 | €1,904 | €12,434 | +€10,530 | +553.0% |
| Profit (loss) for the period | 9904 | €13,029 | €42,638 | +€29,608 | +227.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,029 | €42,638 | +€29,608 | +227.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.