AXOZ: 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.
AXOZ
Largest movements
- Stocks and contracts +€75,260
up €75,260 (+283.5%), from €26,545 to €101,805
- Cash +€20,776
up €20,776 (+18.0%), from €115,716 to €136,492
mainly Net result for the year (+€195,957) and Depreciation (+€184)
- Receivables within one year +€16,098
up €16,098 (+5.2%), from €311,925 to €328,023
of which Other amounts receivable: +€104,477
- Reserves +€195,957
up €195,957 (+63.2%), from €309,938 to €505,895
of which Distributable reserves: +€195,957
- Trade debts -€60,563
down €60,563 (-57.3%), from €105,698 to €45,135
- Tax, wage and social debts -€15,129
down €15,129 (-51.2%), from €29,524 to €14,394
- Gross operating margin +€66,642
up €66,642 (+31.1%), from €214,175 to €280,816
- Taxes +€21,626
up €21,626 (+34.0%), from €63,654 to €85,280
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 | €456,747 | €571,625 | +€114,878 | +25.2% |
| Fixed assets | 21/28 | - | €1,174 | +€1,174 | |
| Tangible fixed assets | 22/27 | - | €1,174 | +€1,174 | |
| Furniture and vehicles | 24 | - | €1,174 | +€1,174 | |
| Current assets | 29/58 | €456,747 | €570,450 | +€113,703 | +24.9% |
| Stocks and contracts in progress | 3 | €26,545 | €101,805 | +€75,260 | +283.5% |
| Stocks | 30/36 | €26,545 | €101,805 | +€75,260 | +283.5% |
| Amounts receivable within one year | 40/41 | €311,925 | €328,023 | +€16,098 | +5.2% |
| Trade receivables | 40 | €310,579 | €222,199 | -€88,379 | -28.5% |
| Other amounts receivable | 41 | €1,346 | €105,823 | +€104,477 | +7762.5% |
| Cash at bank and in hand | 54/58 | €115,716 | €136,492 | +€20,776 | +18.0% |
| Deferred charges and accrued income | 490/1 | €2,561 | €4,130 | +€1,569 | +61.3% |
| Total equity and liabilities | 10/49 | €456,747 | €571,625 | +€114,878 | +25.2% |
| Equity | 10/15 | €316,138 | €512,095 | +€195,957 | +62.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €309,938 | €505,895 | +€195,957 | +63.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €308,078 | €504,035 | +€195,957 | +63.6% |
| Amounts payable | 17/49 | €140,609 | €59,530 | -€81,079 | -57.7% |
| Amounts payable within one year | 42/48 | €140,609 | €59,530 | -€81,079 | -57.7% |
| Trade debts | 44 | €105,698 | €45,135 | -€60,563 | -57.3% |
| Suppliers | 440/4 | €105,698 | €45,135 | -€60,563 | -57.3% |
| Taxes, remuneration and social security | 45 | €29,524 | €14,394 | -€15,129 | -51.2% |
| Taxes | 450/3 | €29,524 | €14,394 | -€15,129 | -51.2% |
| Other amounts payable | 47/48 | €5,388 | - | -€5,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €184 | +€184 | |
| Other operating charges | 640/8 | €280 | €115 | -€164 | -58.8% |
| Gross operating margin | 9900 | €214,175 | €280,816 | +€66,642 | +31.1% |
| Operating profit (loss) | 9901 | €213,895 | €280,518 | +€66,623 | +31.1% |
| Financial income | 75/76B | €213 | €891 | +€679 | +318.9% |
| Recurring financial income | 75 | €213 | €891 | +€679 | +318.9% |
| Financial charges | 65/66B | €1,373 | €172 | -€1,202 | -87.5% |
| Recurring financial charges | 65 | €1,373 | €172 | -€1,202 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €212,734 | €281,237 | +€68,503 | +32.2% |
| Income taxes | 67/77 | €63,654 | €85,280 | +€21,626 | +34.0% |
| Profit (loss) for the period | 9904 | €149,080 | €195,957 | +€46,877 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €149,080 | €195,957 | +€46,877 | +31.4% |
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 30 September 2026 via checked.be.