AXSO: 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.
AXSO
Largest movements
- Tangible fixed assets -€58,214
down €58,214 (-2.9%), from €2.0m to €2.0m
- Receivables within one year -€40,562
no longer reported in 2024 (was €40,562)
- Trade debts -€47,204
down €47,204 (-94.3%), from €50,082 to €2,877
- Debts after one year -€32,931
down €32,931 (-12.5%), from €263,424 to €230,494
- Other debts -€22,508
down €22,508 (-1.4%), from €1.6m to €1.5m
- Gross operating margin +€8,382
up €8,382 (+11.7%), from €71,790 to €80,172
- Depreciation +€3,161
up €3,161 (+5.5%), from €57,252 to €60,414
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,090,823 | €1,995,851 | -€94,972 | -4.5% |
| Fixed assets | 21/28 | €2,037,439 | €1,979,225 | -€58,214 | -2.9% |
| Tangible fixed assets | 22/27 | €2,037,439 | €1,979,225 | -€58,214 | -2.9% |
| Land and buildings | 22 | €2,037,439 | €1,979,225 | -€58,214 | -2.9% |
| Current assets | 29/58 | €53,384 | €16,626 | -€36,758 | -68.9% |
| Amounts receivable within one year | 40/41 | €40,562 | - | -€40,562 | |
| Trade receivables | 40 | €40,562 | - | -€40,562 | |
| Cash at bank and in hand | 54/58 | €11,637 | €15,383 | +€3,746 | +32.2% |
| Deferred charges and accrued income | 490/1 | €1,185 | €1,243 | +€58 | +4.9% |
| Total equity and liabilities | 10/49 | €2,090,823 | €1,995,851 | -€94,972 | -4.5% |
| Equity | 10/15 | €137,669 | €148,313 | +€10,644 | +7.7% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €176,308 | €166,451 | -€9,857 | -5.6% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,913 | €154,056 | -€9,857 | -6.0% |
| Profit (loss) carried forward | 14 | -€162,586 | -€142,084 | +€20,501 | +12.6% |
| Provisions and deferred taxes | 16 | €54,638 | €51,352 | -€3,286 | -6.0% |
| Deferred taxes | 168 | €54,638 | €51,352 | -€3,286 | -6.0% |
| Amounts payable | 17/49 | €1,898,516 | €1,796,186 | -€102,330 | -5.4% |
| Amounts payable after more than one year | 17 | €263,424 | €230,494 | -€32,931 | -12.5% |
| Financial debts | 170/4 | €263,424 | €230,494 | -€32,931 | -12.5% |
| Amounts payable within one year | 42/48 | €1,635,092 | €1,565,692 | -€69,400 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €32,618 | €32,931 | +€313 | +1.0% |
| Trade debts | 44 | €50,082 | €2,877 | -€47,204 | -94.3% |
| Suppliers | 440/4 | €50,082 | €2,877 | -€47,204 | -94.3% |
| Other amounts payable | 47/48 | €1,552,392 | €1,529,884 | -€22,508 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,252 | €60,414 | +€3,161 | +5.5% |
| Other operating charges | 640/8 | €10,057 | €9,557 | -€501 | -5.0% |
| Gross operating margin | 9900 | €71,790 | €80,172 | +€8,382 | +11.7% |
| Operating profit (loss) | 9901 | €4,480 | €10,201 | +€5,721 | +127.7% |
| Financial charges | 65/66B | €3,133 | €2,843 | -€290 | -9.3% |
| Recurring financial charges | 65 | €3,133 | €2,843 | -€290 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €1,347 | €7,359 | +€6,011 | +446.2% |
| Transfer from deferred taxes | 780 | €3,286 | €3,286 | = | 0.0% |
| Profit (loss) for the period | 9904 | €4,633 | €10,644 | +€6,011 | +129.7% |
| Transfer from tax-exempt reserves | 789 | €9,857 | €9,857 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,490 | €20,501 | +€6,011 | +41.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.