AxPro Associate Experts: 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.
AxPro Associate Experts
Largest movements
- Receivables within one year -€28,655
down €28,655 (-25.3%), from €113,276 to €84,621
of which Trade receivables: -€48,309
- Cash -€13,095
down €13,095 (-16.5%), from €79,438 to €66,343
mainly Net result for the year (-€40,350) and Tax, wage and social debts (-€12,695)
- Tangible fixed assets +€3,508
up €3,508 (+55.5%), from €6,321 to €9,829
of which Other tangible fixed assets: +€3,281
- Profit (loss) carried forward -€40,350
down €40,350 (-55.3%), from €72,922 to €32,572
- Tax, wage and social debts -€12,695
down €12,695 (-12.9%), from €98,753 to €86,057
of which Taxes: -€14,699
- Trade debts +€9,338
up €9,338 (+49.2%), from €18,983 to €28,321
- Debts after one year +€2,925
new in 2025: €2,925
- Turnover -€520,410
no longer reported in 2025 (was €520,410)
- Purchases and services -€377,707
no longer reported in 2025 (was €377,707)
- Gross operating margin -€88,297
down €88,297 (-61.9%), from €142,702 to €54,405
- Taxes -€14,891
down €14,891, from €13,188 to -€1,702
- Staff costs +€7,451
up €7,451 (+9.1%), from €81,784 to €89,234
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 | €203,100 | €163,473 | -€39,627 | -19.5% |
| Fixed assets | 21/28 | €9,001 | €12,509 | +€3,508 | +39.0% |
| Tangible fixed assets | 22/27 | €6,321 | €9,829 | +€3,508 | +55.5% |
| Furniture and vehicles | 24 | €6,321 | €6,548 | +€227 | +3.6% |
| Other tangible fixed assets | 26 | - | €3,281 | +€3,281 | |
| Financial fixed assets | 28 | €2,680 | €2,680 | = | 0.0% |
| Current assets | 29/58 | €194,100 | €150,964 | -€43,135 | -22.2% |
| Amounts receivable within one year | 40/41 | €113,276 | €84,621 | -€28,655 | -25.3% |
| Trade receivables | 40 | €83,464 | €35,155 | -€48,309 | -57.9% |
| Other amounts receivable | 41 | €29,812 | €49,467 | +€19,654 | +65.9% |
| Cash at bank and in hand | 54/58 | €79,438 | €66,343 | -€13,095 | -16.5% |
| Deferred charges and accrued income | 490/1 | €1,385 | - | -€1,385 | |
| Total equity and liabilities | 10/49 | €203,100 | €163,473 | -€39,627 | -19.5% |
| Equity | 10/15 | €80,920 | €40,570 | -€40,350 | -49.9% |
| Contributions | 10/11 | €7,998 | €7,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,922 | €32,572 | -€40,350 | -55.3% |
| Amounts payable | 17/49 | €122,180 | €122,903 | +€723 | +0.6% |
| Amounts payable after more than one year | 17 | - | €2,925 | +€2,925 | |
| Financial debts | 170/4 | - | €2,925 | +€2,925 | |
| Amounts payable within one year | 42/48 | €122,180 | €119,978 | -€2,202 | -1.8% |
| Financial debts | 43 | €3,474 | €5,239 | +€1,765 | +50.8% |
| Credit institutions | 430/8 | €3,474 | €5,239 | +€1,765 | +50.8% |
| Trade debts | 44 | €18,983 | €28,321 | +€9,338 | +49.2% |
| Suppliers | 440/4 | €18,983 | €28,321 | +€9,338 | +49.2% |
| Taxes, remuneration and social security | 45 | €98,753 | €86,057 | -€12,695 | -12.9% |
| Taxes | 450/3 | €54,204 | €39,505 | -€14,699 | -27.1% |
| Remuneration and social security | 454/9 | €44,549 | €46,552 | +€2,003 | +4.5% |
| Other amounts payable | 47/48 | €971 | €361 | -€610 | -62.9% |
| Turnover | 70 | €520,410 | - | -€520,410 | |
| Goods, raw materials, services and sundry goods | 60/61 | €377,707 | - | -€377,707 | |
| Remuneration, social security and pensions | 62 | €81,784 | €89,234 | +€7,451 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,240 | €4,086 | -€154 | -3.6% |
| Other operating charges | 640/8 | €2,545 | €1,237 | -€1,308 | -51.4% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Gross operating margin | 9900 | €142,702 | €54,405 | -€88,297 | -61.9% |
| Operating profit (loss) | 9901 | €51,133 | -€40,153 | -€91,286 | |
| Financial income | 75/76B | €1,660 | €18 | -€1,642 | -98.9% |
| Recurring financial income | 75 | €1,660 | €18 | -€1,642 | -98.9% |
| Financial charges | 65/66B | €4,223 | €1,918 | -€2,304 | -54.6% |
| Recurring financial charges | 65 | €4,223 | €1,918 | -€2,304 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €48,571 | -€42,052 | -€90,624 | |
| Income taxes | 67/77 | €13,188 | -€1,702 | -€14,891 | |
| Profit (loss) for the period | 9904 | €35,383 | -€40,350 | -€75,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,383 | -€40,350 | -€75,733 |
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.