AXOY: 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.
AXOY
Largest movements
- Receivables within one year +€110,299
up €110,299 (+28.2%), from €391,033 to €501,332
of which Trade receivables: +€69,984
- Stocks and contracts +€33,933
new in 2025: €33,933
- Tangible fixed assets -€24,498
down €24,498 (-43.5%), from €56,267 to €31,769
of which Furniture and vehicles: -€21,694
- Deferred charges and accrued income +€10,849
up €10,849 (+58.7%), from €18,476 to €29,325
- Trade debts +€128,899
up €128,899 (+131.7%), from €97,898 to €226,797
- Profit (loss) carried forward +€11,551
up €11,551 (+4.4%), from €263,594 to €275,144
- Tax, wage and social debts +€8,869
up €8,869 (+14.5%), from €61,350 to €70,219
of which Remuneration and social security: +€10,058
- Current portion of long-term debt -€6,668
down €6,668 (-15.6%), from €42,639 to €35,971
- Turnover +€2.7m
new in 2025: €2.7m
- Purchases and services +€2.1m
new in 2025: €2.1m
- Staff costs +€218,951
up €218,951 (+54.2%), from €403,963 to €622,914
- Gross operating margin +€159,741
up €159,741 (+31.3%), from €509,608 to €669,349
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 | €476,322 | €610,631 | +€134,309 | +28.2% |
| Fixed assets | 21/28 | €60,067 | €35,669 | -€24,398 | -40.6% |
| Tangible fixed assets | 22/27 | €56,267 | €31,769 | -€24,498 | -43.5% |
| Plant, machinery and equipment | 23 | €13,413 | €10,608 | -€2,805 | -20.9% |
| Furniture and vehicles | 24 | €42,854 | €21,161 | -€21,694 | -50.6% |
| Financial fixed assets | 28 | €3,800 | €3,900 | +€100 | +2.6% |
| Current assets | 29/58 | €416,255 | €574,962 | +€158,707 | +38.1% |
| Stocks and contracts in progress | 3 | - | €33,933 | +€33,933 | |
| Stocks | 30/36 | - | €33,933 | +€33,933 | |
| Amounts receivable within one year | 40/41 | €391,033 | €501,332 | +€110,299 | +28.2% |
| Trade receivables | 40 | €341,188 | €411,173 | +€69,984 | +20.5% |
| Other amounts receivable | 41 | €49,844 | €90,159 | +€40,315 | +80.9% |
| Cash at bank and in hand | 54/58 | €6,746 | €10,373 | +€3,627 | +53.8% |
| Deferred charges and accrued income | 490/1 | €18,476 | €29,325 | +€10,849 | +58.7% |
| Total equity and liabilities | 10/49 | €476,322 | €610,631 | +€134,309 | +28.2% |
| Equity | 10/15 | €266,094 | €277,644 | +€11,551 | +4.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,594 | €275,144 | +€11,551 | +4.4% |
| Amounts payable | 17/49 | €210,228 | €332,987 | +€122,759 | +58.4% |
| Amounts payable after more than one year | 17 | €951 | - | -€951 | |
| Financial debts | 170/4 | €951 | - | -€951 | |
| Amounts payable within one year | 42/48 | €209,277 | €332,987 | +€123,709 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | €42,639 | €35,971 | -€6,668 | -15.6% |
| Trade debts | 44 | €97,898 | €226,797 | +€128,899 | +131.7% |
| Suppliers | 440/4 | €97,898 | €226,797 | +€128,899 | +131.7% |
| Advances received on contracts in progress | 46 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €61,350 | €70,219 | +€8,869 | +14.5% |
| Taxes | 450/3 | €9,784 | €8,595 | -€1,189 | -12.2% |
| Remuneration and social security | 454/9 | €51,566 | €61,624 | +€10,058 | +19.5% |
| Other amounts payable | 47/48 | €4,890 | - | -€4,890 | |
| Turnover | 70 | - | €2,698,240 | +€2.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,055,349 | +€2.1m | |
| Remuneration, social security and pensions | 62 | €403,963 | €622,914 | +€218,951 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,496 | €26,608 | +€4,112 | +18.3% |
| Other operating charges | 640/8 | €1,678 | €2,189 | +€510 | +30.4% |
| Gross operating margin | 9900 | €509,608 | €669,349 | +€159,741 | +31.3% |
| Operating profit (loss) | 9901 | €81,470 | €17,638 | -€63,831 | -78.3% |
| Financial income | 75/76B | €1,799 | €9,077 | +€7,278 | +404.5% |
| Recurring financial income | 75 | €1,799 | €9,077 | +€7,278 | +404.5% |
| Financial charges | 65/66B | €6,748 | €5,165 | -€1,583 | -23.5% |
| Recurring financial charges | 65 | €6,748 | €5,165 | -€1,583 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €76,521 | €21,551 | -€54,971 | -71.8% |
| Income taxes | 67/77 | €20,354 | €10,000 | -€10,354 | -50.9% |
| Profit (loss) for the period | 9904 | €56,167 | €11,551 | -€44,617 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,167 | €11,551 | -€44,617 | -79.4% |
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 9 October 2026 via checked.be.