AXTI: 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.
AXTI
Largest movements
- Cash -€16,419
down €16,419 (-23.7%), from €69,233 to €52,814
mainly Contributions, distributions and other (-€39,000) and Debts after one year (-€32,086)
- Intangible fixed assets -€7,500
down €7,500 (-36.4%), from €20,625 to €13,125
- Tangible fixed assets -€6,441
down €6,441 (-1.6%), from €405,030 to €398,589
of which Land and buildings: -€14,161
- Debts after one year -€32,086
down €32,086 (-14.0%), from €229,161 to €197,075
- Other debts +€24,000
up €24,000 (+160%), from €15,000 to €39,000
- Trade debts -€12,513
down €12,513 (-52.4%), from €23,885 to €11,372
- Reserves -€10,800
down €10,800 (-5.8%), from €186,660 to €175,860
- Gross operating margin -€9,755
down €9,755 (-6.8%), from €142,622 to €132,867
- Staff costs +€4,164
up €4,164 (+8.1%), from €51,176 to €55,340
- Depreciation +€1,991
up €1,991 (+7.8%), from €25,435 to €27,426
- Financial charges -€1,453
down €1,453 (-16.7%), from €8,683 to €7,230
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 | €540,482 | €507,594 | -€32,888 | -6.1% |
| Fixed assets | 21/28 | €431,867 | €419,584 | -€12,284 | -2.8% |
| Intangible fixed assets | 21 | €20,625 | €13,125 | -€7,500 | -36.4% |
| Tangible fixed assets | 22/27 | €405,030 | €398,589 | -€6,441 | -1.6% |
| Land and buildings | 22 | €379,562 | €365,401 | -€14,161 | -3.7% |
| Plant, machinery and equipment | 23 | €20,723 | €30,140 | +€9,417 | +45.4% |
| Furniture and vehicles | 24 | €2,370 | €1,295 | -€1,075 | -45.4% |
| Other tangible fixed assets | 26 | €2,376 | €1,754 | -€622 | -26.2% |
| Financial fixed assets | 28 | €6,212 | €7,870 | +€1,657 | +26.7% |
| Current assets | 29/58 | €108,615 | €88,011 | -€20,604 | -19.0% |
| Stocks and contracts in progress | 3 | €18,522 | €18,819 | +€297 | +1.6% |
| Stocks | 30/36 | €18,522 | €18,819 | +€297 | +1.6% |
| Amounts receivable within one year | 40/41 | €18,819 | €14,568 | -€4,251 | -22.6% |
| Trade receivables | 40 | €2,500 | €5,622 | +€3,122 | +125% |
| Other amounts receivable | 41 | €16,319 | €8,947 | -€7,373 | -45.2% |
| Cash at bank and in hand | 54/58 | €69,233 | €52,814 | -€16,419 | -23.7% |
| Deferred charges and accrued income | 490/1 | €2,040 | €1,809 | -€231 | -11.3% |
| Total equity and liabilities | 10/49 | €540,482 | €507,594 | -€32,888 | -6.1% |
| Equity | 10/15 | €219,157 | €208,449 | -€10,708 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,660 | €175,860 | -€10,800 | -5.8% |
| Distributable reserves | 133 | €186,660 | €175,860 | -€10,800 | -5.8% |
| Profit (loss) carried forward | 14 | €13,897 | €13,989 | +€92 | +0.7% |
| Amounts payable | 17/49 | €321,325 | €299,145 | -€22,180 | -6.9% |
| Amounts payable after more than one year | 17 | €229,161 | €197,075 | -€32,086 | -14.0% |
| Financial debts | 170/4 | €229,161 | €197,075 | -€32,086 | -14.0% |
| Amounts payable within one year | 42/48 | €91,806 | €101,749 | +€9,942 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €38,617 | €39,225 | +€608 | +1.6% |
| Trade debts | 44 | €23,885 | €11,372 | -€12,513 | -52.4% |
| Suppliers | 440/4 | €23,885 | €11,372 | -€12,513 | -52.4% |
| Taxes, remuneration and social security | 45 | €14,304 | €12,152 | -€2,152 | -15.0% |
| Taxes | 450/3 | €6,979 | €4,871 | -€2,109 | -30.2% |
| Remuneration and social security | 454/9 | €7,325 | €7,281 | -€44 | -0.6% |
| Other amounts payable | 47/48 | €15,000 | €39,000 | +€24,000 | +160% |
| Accrued charges and deferred income | 492/3 | €358 | €322 | -€36 | -10.1% |
| Remuneration, social security and pensions | 62 | €51,176 | €55,340 | +€4,164 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,435 | €27,426 | +€1,991 | +7.8% |
| Other operating charges | 640/8 | €2,581 | €2,597 | +€15 | +0.6% |
| Gross operating margin | 9900 | €142,622 | €132,867 | -€9,755 | -6.8% |
| Operating profit (loss) | 9901 | €63,431 | €47,504 | -€15,926 | -25.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.6% |
| Financial charges | 65/66B | €8,683 | €7,230 | -€1,453 | -16.7% |
| Recurring financial charges | 65 | €8,683 | €7,230 | -€1,453 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €54,749 | €40,274 | -€14,475 | -26.4% |
| Income taxes | 67/77 | €12,504 | €11,982 | -€522 | -4.2% |
| Profit (loss) for the period | 9904 | €42,245 | €28,292 | -€13,952 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,245 | €28,292 | -€13,952 | -33.0% |
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 17 October 2026 via checked.be.