AXRENOV: 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.
AXRENOV
Largest movements
- Cash +€17,844
up €17,844 (+99.3%), from €17,962 to €35,806
mainly Receivables within one year (+€13,396) and Net result for the year (+€9,118)
- Receivables within one year -€13,396
down €13,396 (-56.8%), from €23,566 to €10,170
of which Trade receivables: -€14,301
- Tangible fixed assets +€3,404
up €3,404 (+14,938%), from €23 to €3,427
- Profit (loss) carried forward +€9,118
up €9,118 (+28.7%), from €31,735 to €40,853
- Tax, wage and social debts -€1,230
down €1,230 (-26.0%), from €4,730 to €3,500
of which Remuneration and social security: -€4,000
- Gross operating margin +€7,874
up €7,874 (+184%), from €4,288 to €12,163
- Taxes +€1,770
up €1,770 (+242%), from €730 to €2,500
- Other operating charges -€577
no longer reported in 2026 (was €577)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,551 | €49,403 | +€7,852 | +18.9% |
| Fixed assets | 21/28 | €23 | €3,427 | +€3,404 | +14,938% |
| Tangible fixed assets | 22/27 | €23 | €3,427 | +€3,404 | +14,938% |
| Furniture and vehicles | 24 | €23 | €3,427 | +€3,404 | +14,938% |
| Current assets | 29/58 | €41,528 | €45,976 | +€4,448 | +10.7% |
| Amounts receivable within one year | 40/41 | €23,566 | €10,170 | -€13,396 | -56.8% |
| Trade receivables | 40 | €17,130 | €2,829 | -€14,301 | -83.5% |
| Other amounts receivable | 41 | €6,436 | €7,341 | +€905 | +14.1% |
| Cash at bank and in hand | 54/58 | €17,962 | €35,806 | +€17,844 | +99.3% |
| Total equity and liabilities | 10/49 | €41,551 | €49,403 | +€7,852 | +18.9% |
| Equity | 10/15 | €36,735 | €45,853 | +€9,118 | +24.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,735 | €40,853 | +€9,118 | +28.7% |
| Amounts payable | 17/49 | €4,815 | €3,550 | -€1,265 | -26.3% |
| Amounts payable within one year | 42/48 | €4,815 | €3,550 | -€1,265 | -26.3% |
| Trade debts | 44 | €85 | €50 | -€35 | -41.1% |
| Suppliers | 440/4 | €85 | €50 | -€35 | -41.1% |
| Taxes, remuneration and social security | 45 | €4,730 | €3,500 | -€1,230 | -26.0% |
| Taxes | 450/3 | €730 | €3,500 | +€2,770 | +379% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €190 | -€121 | -38.9% |
| Other operating charges | 640/8 | €577 | - | -€577 | |
| Gross operating margin | 9900 | €4,288 | €12,163 | +€7,874 | +184% |
| Operating profit (loss) | 9901 | €3,400 | €11,972 | +€8,573 | +252% |
| Financial income | 75/76B | €0 | €105 | +€104 | +27,479% |
| Recurring financial income | 75 | €0 | €105 | +€104 | +27,479% |
| Financial charges | 65/66B | €482 | €460 | -€22 | -4.6% |
| Recurring financial charges | 65 | €482 | €460 | -€22 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €2,919 | €11,618 | +€8,699 | +298% |
| Income taxes | 67/77 | €730 | €2,500 | +€1,770 | +242% |
| Profit (loss) for the period | 9904 | €2,188 | €9,118 | +€6,929 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €2,188 | €9,118 | +€6,929 | +317% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.