AXPATRIM: 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.
AXPATRIM
Largest movements
- Tangible fixed assets -€28,416
down €28,416 (-6.5%), from €434,109 to €405,693
of which Plant, machinery and equipment: -€17,899
- Receivables within one year -€8,769
down €8,769 (-14.9%), from €58,762 to €49,993
of which Other amounts receivable: -€16,861
- Debts after one year -€21,084
down €21,084 (-3.8%), from €548,041 to €526,958
of which Financial debts: -€16,084
- Gross operating margin +€15,611
up €15,611 (+36.9%), from €42,258 to €57,869
- Financial charges -€2,955
down €2,955 (-12.0%), from €24,644 to €21,689
- Other operating charges -€2,864
down €2,864 (-66.6%), from €4,300 to €1,436
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €851,949 | €824,028 | -€27,921 | -3.3% |
| Fixed assets | 21/28 | €774,134 | €745,718 | -€28,416 | -3.7% |
| Tangible fixed assets | 22/27 | €434,109 | €405,693 | -€28,416 | -6.5% |
| Land and buildings | 22 | €284,141 | €275,474 | -€8,667 | -3.1% |
| Plant, machinery and equipment | 23 | €145,487 | €127,588 | -€17,899 | -12.3% |
| Furniture and vehicles | 24 | €4,481 | €2,631 | -€1,850 | -41.3% |
| Financial fixed assets | 28 | €340,025 | €340,025 | = | 0.0% |
| Current assets | 29/58 | €77,815 | €78,310 | +€494 | +0.6% |
| Amounts receivable within one year | 40/41 | €58,762 | €49,993 | -€8,769 | -14.9% |
| Trade receivables | 40 | €41,901 | €49,993 | +€8,092 | +19.3% |
| Other amounts receivable | 41 | €16,861 | €0 | -€16,861 | -100% |
| Cash at bank and in hand | 54/58 | €17,018 | €20,024 | +€3,006 | +17.7% |
| Deferred charges and accrued income | 490/1 | €2,035 | €8,293 | +€6,257 | +307% |
| Total equity and liabilities | 10/49 | €851,949 | €824,028 | -€27,921 | -3.3% |
| Equity | 10/15 | €245,971 | €247,157 | +€1,187 | +0.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,029 | -€102,843 | +€1,187 | +1.1% |
| Amounts payable | 17/49 | €605,979 | €576,870 | -€29,108 | -4.8% |
| Amounts payable after more than one year | 17 | €548,041 | €526,958 | -€21,084 | -3.8% |
| Financial debts | 170/4 | €308,041 | €291,958 | -€16,084 | -5.2% |
| Other amounts payable | 178/9 | €240,000 | €235,000 | -€5,000 | -2.1% |
| Amounts payable within one year | 42/48 | €57,804 | €49,913 | -€7,891 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €15,892 | €16,084 | +€192 | +1.2% |
| Trade debts | 44 | €6,943 | €1,077 | -€5,866 | -84.5% |
| Suppliers | 440/4 | €6,943 | €1,077 | -€5,866 | -84.5% |
| Taxes, remuneration and social security | 45 | €11,002 | €15,139 | +€4,137 | +37.6% |
| Taxes | 450/3 | €11,002 | €15,139 | +€4,137 | +37.6% |
| Other amounts payable | 47/48 | €23,966 | €17,612 | -€6,354 | -26.5% |
| Accrued charges and deferred income | 492/3 | €134 | €0 | -€134 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,416 | €28,416 | = | 0.0% |
| Other operating charges | 640/8 | €4,300 | €1,436 | -€2,864 | -66.6% |
| Non-recurring operating charges | 66A | - | €5,000 | +€5,000 | |
| Gross operating margin | 9900 | €42,258 | €57,869 | +€15,611 | +36.9% |
| Operating profit (loss) | 9901 | €9,543 | €23,017 | +€13,475 | +141% |
| Financial charges | 65/66B | €24,644 | €21,689 | -€2,955 | -12.0% |
| Recurring financial charges | 65 | €24,644 | €21,689 | -€2,955 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,101 | €1,328 | +€16,430 | |
| Income taxes | 67/77 | €229 | €141 | -€88 | -38.3% |
| Profit (loss) for the period | 9904 | -€15,331 | €1,187 | +€16,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,331 | €1,187 | +€16,518 |
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 29 October 2026 via checked.be.