AXONNA: 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.
AXONNA
Largest movements
- Current investments +€90,000
new in 2025: €90,000
- Cash -€14,398
down €14,398 (-36.9%), from €39,051 to €24,654
mainly Current investments (-€90,000) and Trade debts (-€20,650)
- Tangible fixed assets -€10,930
down €10,930 (-13.6%), from €80,092 to €69,161
of which Leasing and similar rights: -€12,597
- Receivables within one year +€3,684
up €3,684 (+18.2%), from €20,227 to €23,911
- Reserves +€79,995
up €79,995 (+228.5%), from €35,007 to €115,001
- Tax, wage and social debts +€25,633
up €25,633 (+133.3%), from €19,224 to €44,857
- Trade debts -€20,650
down €20,650 (-97.5%), from €21,186 to €536
- Debts after one year -€14,962
down €14,962 (-33.2%), from €45,056 to €30,094
- Gross operating margin +€70,638
up €70,638 (+143.3%), from €49,279 to €119,917
- Taxes +€12,823
up €12,823 (+134.5%), from €9,533 to €22,356
- Depreciation +€11,936
up €11,936 (+348.0%), from €3,430 to €15,367
- Financial charges +€1,205
up €1,205 (+133.5%), from €902 to €2,107
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 | €140,605 | €210,601 | +€69,996 | +49.8% |
| Formation expenses | 20 | €166 | - | -€166 | |
| Fixed assets | 21/28 | €80,092 | €69,161 | -€10,930 | -13.6% |
| Tangible fixed assets | 22/27 | €80,092 | €69,161 | -€10,930 | -13.6% |
| Plant, machinery and equipment | 23 | €325 | €618 | +€294 | +90.5% |
| Furniture and vehicles | 24 | €306 | €886 | +€581 | +189.9% |
| Leasing and similar rights | 25 | €60,611 | €48,014 | -€12,597 | -20.8% |
| Other tangible fixed assets | 26 | €18,850 | €19,642 | +€793 | +4.2% |
| Current assets | 29/58 | €60,348 | €141,440 | +€81,092 | +134.4% |
| Amounts receivable within one year | 40/41 | €20,227 | €23,911 | +€3,684 | +18.2% |
| Trade receivables | 40 | €20,227 | €23,911 | +€3,684 | +18.2% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €39,051 | €24,654 | -€14,398 | -36.9% |
| Deferred charges and accrued income | 490/1 | €1,070 | €2,875 | +€1,805 | +168.7% |
| Total equity and liabilities | 10/49 | €140,605 | €210,601 | +€69,996 | +49.8% |
| Equity | 10/15 | €40,007 | €120,001 | +€79,995 | +200.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,007 | €115,001 | +€79,995 | +228.5% |
| Distributable reserves | 133 | €35,007 | €115,001 | +€79,995 | +228.5% |
| Amounts payable | 17/49 | €100,599 | €90,600 | -€9,999 | -9.9% |
| Amounts payable after more than one year | 17 | €45,056 | €30,094 | -€14,962 | -33.2% |
| Financial debts | 170/4 | €45,056 | €30,094 | -€14,962 | -33.2% |
| Amounts payable within one year | 42/48 | €55,382 | €60,506 | +€5,124 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €14,411 | €14,962 | +€551 | +3.8% |
| Trade debts | 44 | €21,186 | €536 | -€20,650 | -97.5% |
| Suppliers | 440/4 | €21,186 | €536 | -€20,650 | -97.5% |
| Taxes, remuneration and social security | 45 | €19,224 | €44,857 | +€25,633 | +133.3% |
| Taxes | 450/3 | €19,224 | €44,857 | +€25,633 | +133.3% |
| Other amounts payable | 47/48 | €561 | €150 | -€411 | -73.2% |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,430 | €15,367 | +€11,936 | +348.0% |
| Other operating charges | 640/8 | €410 | €311 | -€99 | -24.2% |
| Gross operating margin | 9900 | €49,279 | €119,917 | +€70,638 | +143.3% |
| Operating profit (loss) | 9901 | €45,439 | €104,240 | +€58,801 | +129.4% |
| Financial income | 75/76B | €3 | €218 | +€215 | +7171.0% |
| Recurring financial income | 75 | €3 | €218 | +€215 | +7171.0% |
| Financial charges | 65/66B | €902 | €2,107 | +€1,205 | +133.5% |
| Recurring financial charges | 65 | €902 | €2,107 | +€1,205 | +133.5% |
| Profit (loss) for the period before taxes | 9903 | €44,540 | €102,351 | +€57,811 | +129.8% |
| Income taxes | 67/77 | €9,533 | €22,356 | +€12,823 | +134.5% |
| Profit (loss) for the period | 9904 | €35,007 | €79,995 | +€44,988 | +128.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,007 | €79,995 | +€44,988 | +128.5% |
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 4 October 2026 via checked.be.