AXS consult: 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.
AXS consult
Largest movements
- Receivables within one year +€51,121
up €51,121 (+33.2%), from €153,762 to €204,884
of which Trade receivables: +€27,117
- Tangible fixed assets +€40,455
up €40,455 (+40.1%), from €100,786 to €141,241
of which Furniture and vehicles: +€44,148
- Current investments +€30,000
new in 2025: €30,000
- Deferred charges and accrued income -€9,924
down €9,924 (-82.3%), from €12,057 to €2,134
- Cash -€6,295
down €6,295 (-21.9%), from €28,680 to €22,386
mainly Contributions, distributions and other (-€78,600) and Investment in fixed assets (net) (-€55,027)
- Other debts +€73,491
new in 2025: €73,491
- Tax, wage and social debts +€26,684
up €26,684 (+108%), from €24,600 to €51,284
- Debts after one year +€10,809
up €10,809 (+210%), from €5,142 to €15,951
- Reserves -€5,300
down €5,300 (-2.8%), from €186,600 to €181,300
- Gross operating margin +€21,415
up €21,415 (+18.9%), from €113,558 to €134,973
- Taxes +€6,518
up €6,518 (+18.7%), from €34,888 to €41,406
- Depreciation +€6,057
up €6,057 (+66.6%), from €9,090 to €15,147
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.
Derived cash bridge
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 | €296,969 | €401,751 | +€104,783 | +35.3% |
| Fixed assets | 21/28 | €102,469 | €142,349 | +€39,880 | +38.9% |
| Intangible fixed assets | 21 | €1,683 | €1,108 | -€575 | -34.2% |
| Tangible fixed assets | 22/27 | €100,786 | €141,241 | +€40,455 | +40.1% |
| Land and buildings | 22 | €89,545 | €86,282 | -€3,263 | -3.6% |
| Plant, machinery and equipment | 23 | €1,396 | €967 | -€429 | -30.7% |
| Furniture and vehicles | 24 | €9,844 | €53,992 | +€44,148 | +448% |
| Current assets | 29/58 | €194,500 | €259,403 | +€64,903 | +33.4% |
| Amounts receivable within one year | 40/41 | €153,762 | €204,884 | +€51,121 | +33.2% |
| Trade receivables | 40 | €75,764 | €102,881 | +€27,117 | +35.8% |
| Other amounts receivable | 41 | €77,998 | €102,003 | +€24,005 | +30.8% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €28,680 | €22,386 | -€6,295 | -21.9% |
| Deferred charges and accrued income | 490/1 | €12,057 | €2,134 | -€9,924 | -82.3% |
| Total equity and liabilities | 10/49 | €296,969 | €401,751 | +€104,783 | +35.3% |
| Equity | 10/15 | €249,917 | €244,637 | -€5,280 | -2.1% |
| Contributions | 10/11 | €6,520 | €6,520 | = | 0.0% |
| Reserves | 13 | €186,600 | €181,300 | -€5,300 | -2.8% |
| Distributable reserves | 133 | €186,600 | €181,300 | -€5,300 | -2.8% |
| Profit (loss) carried forward | 14 | €56,797 | €56,817 | +€20 | 0.0% |
| Amounts payable | 17/49 | €47,052 | €157,114 | +€110,063 | +234% |
| Amounts payable after more than one year | 17 | €5,142 | €15,951 | +€10,809 | +210% |
| Financial debts | 170/4 | €5,142 | €15,951 | +€10,809 | +210% |
| Amounts payable within one year | 42/48 | €41,910 | €141,163 | +€99,254 | +237% |
| Current portion of amounts payable after more than one year | 42 | €14,247 | €15,262 | +€1,015 | +7.1% |
| Trade debts | 44 | €3,063 | €1,126 | -€1,937 | -63.2% |
| Suppliers | 440/4 | €3,063 | €1,126 | -€1,937 | -63.2% |
| Taxes, remuneration and social security | 45 | €24,600 | €51,284 | +€26,684 | +108% |
| Taxes | 450/3 | €24,600 | €51,284 | +€26,684 | +108% |
| Other amounts payable | 47/48 | - | €73,491 | +€73,491 | |
| Non-recurring operating income | 76A | €143 | - | -€143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,090 | €15,147 | +€6,057 | +66.6% |
| Other operating charges | 640/8 | €952 | €1,031 | +€79 | +8.3% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €113,558 | €134,973 | +€21,415 | +18.9% |
| Operating profit (loss) | 9901 | €103,516 | €116,795 | +€13,279 | +12.8% |
| Financial charges | 65/66B | €2,451 | €2,069 | -€382 | -15.6% |
| Recurring financial charges | 65 | €2,451 | €2,069 | -€382 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €101,065 | €114,726 | +€13,661 | +13.5% |
| Income taxes | 67/77 | €34,888 | €41,406 | +€6,518 | +18.7% |
| Profit (loss) for the period | 9904 | €66,177 | €73,320 | +€7,143 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,177 | €73,320 | +€7,143 | +10.8% |
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 19 October 2026 via checked.be.