AXTHI: 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.
AXTHI
Largest movements
- Receivables within one year -€231,241
down €231,241 (-89.4%), from €258,551 to €27,310
of which Other amounts receivable: -€246,241
- Receivables after one year +€179,551
new in 2025: €179,551
- Cash +€65,584
up €65,584 (+122%), from €53,909 to €119,494
mainly Receivables within one year (+€231,241) and Depreciation (+€75,400)
- Tangible fixed assets +€25,728
up €25,728 (+11.6%), from €221,853 to €247,581
of which Land and buildings: +€22,887
- Other debts -€85,712
down €85,712 (-45.6%), from €188,156 to €102,444
- Debts after one year +€72,306
up €72,306 (+14.2%), from €509,224 to €581,531
- Current portion of long-term debt +€33,268
up €33,268 (+353%), from €9,425 to €42,694
- Financial income -€1.2m
down €1.2m (-97.3%), from €1.3m to €34,014
of which Financial income: -€1.3m
- Taxes -€117,204
down €117,204 (-94.1%), from €124,503 to €7,300
- Depreciation +€38,471
up €38,471 (+104%), from €36,929 to €75,400
- Financial charges +€7,666
up €7,666 (+39.0%), from €19,658 to €27,324
- Gross operating margin +€4,527
up €4,527 (+5.6%), from €80,998 to €85,525
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 | €2,128,922 | €2,172,965 | +€44,042 | +2.1% |
| Fixed assets | 21/28 | €1,808,767 | €1,839,529 | +€30,762 | +1.7% |
| Tangible fixed assets | 22/27 | €221,853 | €247,581 | +€25,728 | +11.6% |
| Land and buildings | 22 | €207,556 | €230,443 | +€22,887 | +11.0% |
| Plant, machinery and equipment | 23 | €4,052 | €9,149 | +€5,097 | +126% |
| Furniture and vehicles | 24 | €10,244 | €7,988 | -€2,256 | -22.0% |
| Financial fixed assets | 28 | €1,586,915 | €1,591,948 | +€5,034 | +0.3% |
| Current assets | 29/58 | €320,155 | €333,435 | +€13,280 | +4.1% |
| Amounts receivable after more than one year | 29 | - | €179,551 | +€179,551 | |
| Other amounts receivable | 291 | - | €179,551 | +€179,551 | |
| Amounts receivable within one year | 40/41 | €258,551 | €27,310 | -€231,241 | -89.4% |
| Trade receivables | 40 | €2,075 | €17,075 | +€15,000 | +723% |
| Other amounts receivable | 41 | €256,476 | €10,235 | -€246,241 | -96.0% |
| Cash at bank and in hand | 54/58 | €53,909 | €119,494 | +€65,584 | +122% |
| Deferred charges and accrued income | 490/1 | €7,695 | €7,081 | -€614 | -8.0% |
| Total equity and liabilities | 10/49 | €2,128,922 | €2,172,965 | +€44,042 | +2.1% |
| Equity | 10/15 | €1,230,382 | €1,238,143 | +€7,762 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,181,514 | €1,189,276 | +€7,762 | +0.7% |
| Distributable reserves | 133 | €1,181,514 | €1,189,276 | +€7,762 | +0.7% |
| Profit (loss) carried forward | 14 | €28,867 | €28,867 | = | 0.0% |
| Amounts payable | 17/49 | €898,541 | €934,821 | +€36,280 | +4.0% |
| Amounts payable after more than one year | 17 | €509,224 | €581,531 | +€72,306 | +14.2% |
| Financial debts | 170/4 | €509,224 | €581,531 | +€72,306 | +14.2% |
| Amounts payable within one year | 42/48 | €343,044 | €287,384 | -€55,660 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €9,425 | €42,694 | +€33,268 | +353% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €20,960 | €17,473 | -€3,486 | -16.6% |
| Suppliers | 440/4 | €20,960 | €17,473 | -€3,486 | -16.6% |
| Taxes, remuneration and social security | 45 | €114,503 | €114,773 | +€270 | +0.2% |
| Taxes | 450/3 | €114,503 | €114,773 | +€270 | +0.2% |
| Other amounts payable | 47/48 | €188,156 | €102,444 | -€85,712 | -45.6% |
| Accrued charges and deferred income | 492/3 | €46,273 | €65,907 | +€19,634 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,929 | €75,400 | +€38,471 | +104% |
| Other operating charges | 640/8 | €1,709 | €1,754 | +€44 | +2.6% |
| Gross operating margin | 9900 | €80,998 | €85,525 | +€4,527 | +5.6% |
| Operating profit (loss) | 9901 | €42,360 | €8,371 | -€33,989 | -80.2% |
| Financial income | 75/76B | €1,281,316 | €34,014 | -€1.2m | -97.3% |
| Recurring financial income | 75 | €1,281,316 | €9,114 | -€1.3m | -99.3% |
| Non-recurring financial income | 76B | €1,281,316 | €24,900 | -€1.3m | -98.1% |
| Financial charges | 65/66B | €19,658 | €27,324 | +€7,666 | +39.0% |
| Recurring financial charges | 65 | €19,658 | €27,324 | +€7,666 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €1,304,017 | €15,061 | -€1.3m | -98.8% |
| Income taxes | 67/77 | €124,503 | €7,300 | -€117,204 | -94.1% |
| Profit (loss) for the period | 9904 | €1,179,514 | €7,762 | -€1.2m | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,179,514 | €7,762 | -€1.2m | -99.3% |
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.