AXVA: 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.
AXVA
Largest movements
- Cash -€106,487
down €106,487 (-37.8%), from €281,535 to €175,048
mainly Trade debts (-€173,804) and Contributions, distributions and other (-€70,000)
- Tangible fixed assets -€20,459
down €20,459 (-17.0%), from €120,607 to €100,148
- Receivables within one year +€13,359
up €13,359 (+3.8%), from €352,056 to €365,415
of which Other amounts receivable: +€140,719
- Trade debts -€173,804
down €173,804 (-34.0%), from €511,289 to €337,486
- Tax, wage and social debts +€32,788
up €32,788 (+224%), from €14,613 to €47,401
of which Taxes: +€33,950
- Short-term financial debts +€21,685
up €21,685, from €0 to €21,685
- Staff costs -€18,697
down €18,697 (-78.1%), from €23,925 to €5,228
- Gross operating margin +€12,986
up €12,986 (+9.6%), from €134,821 to €147,807
- Depreciation +€8,746
up €8,746 (+37.3%), from €23,470 to €32,216
- Taxes +€7,835
up €7,835 (+42.5%), from €18,451 to €26,286
- Financial income +€6,402
new in 2025: €6,402
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 | €979,610 | €870,339 | -€109,271 | -11.2% |
| Fixed assets | 21/28 | €137,645 | €117,186 | -€20,459 | -14.9% |
| Tangible fixed assets | 22/27 | €120,607 | €100,148 | -€20,459 | -17.0% |
| Plant, machinery and equipment | 23 | €120,607 | €100,148 | -€20,459 | -17.0% |
| Financial fixed assets | 28 | €17,038 | €17,038 | = | 0.0% |
| Current assets | 29/58 | €841,965 | €753,153 | -€88,812 | -10.5% |
| Stocks and contracts in progress | 3 | €207,953 | €207,428 | -€525 | -0.3% |
| Stocks | 30/36 | €207,953 | €207,428 | -€525 | -0.3% |
| Amounts receivable within one year | 40/41 | €352,056 | €365,415 | +€13,359 | +3.8% |
| Trade receivables | 40 | €269,960 | €142,600 | -€127,360 | -47.2% |
| Other amounts receivable | 41 | €82,096 | €222,814 | +€140,719 | +171% |
| Cash at bank and in hand | 54/58 | €281,535 | €175,048 | -€106,487 | -37.8% |
| Deferred charges and accrued income | 490/1 | €422 | €5,262 | +€4,840 | +1,148% |
| Total equity and liabilities | 10/49 | €979,610 | €870,339 | -€109,271 | -11.2% |
| Equity | 10/15 | €453,083 | €459,838 | +€6,755 | +1.5% |
| Contributions | 10/11 | €118,550 | €118,550 | = | 0.0% |
| Reserves | 13 | €334,533 | €341,288 | +€6,755 | +2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,271 | €3,271 | = | 0.0% |
| Distributable reserves | 133 | €331,263 | €338,018 | +€6,755 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €526,527 | €410,501 | -€116,026 | -22.0% |
| Amounts payable within one year | 42/48 | €526,527 | €409,697 | -€116,830 | -22.2% |
| Financial debts | 43 | €0 | €21,685 | +€21,685 | |
| Credit institutions | 430/8 | €0 | €21,685 | +€21,685 | |
| Trade debts | 44 | €511,289 | €337,486 | -€173,804 | -34.0% |
| Suppliers | 440/4 | €511,289 | €337,486 | -€173,804 | -34.0% |
| Taxes, remuneration and social security | 45 | €14,613 | €47,401 | +€32,788 | +224% |
| Taxes | 450/3 | €13,451 | €47,401 | +€33,950 | +252% |
| Remuneration and social security | 454/9 | €1,162 | €0 | -€1,162 | -100% |
| Other amounts payable | 47/48 | €625 | €3,125 | +€2,500 | +400% |
| Accrued charges and deferred income | 492/3 | - | €804 | +€804 | |
| Remuneration, social security and pensions | 62 | €23,925 | €5,228 | -€18,697 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,470 | €32,216 | +€8,746 | +37.3% |
| Other operating charges | 640/8 | €16,767 | €13,164 | -€3,603 | -21.5% |
| Gross operating margin | 9900 | €134,821 | €147,807 | +€12,986 | +9.6% |
| Operating profit (loss) | 9901 | €70,658 | €97,199 | +€26,540 | +37.6% |
| Financial income | 75/76B | - | €6,402 | +€6,402 | |
| Recurring financial income | 75 | - | €6,402 | +€6,402 | |
| Financial charges | 65/66B | €927 | €560 | -€367 | -39.6% |
| Recurring financial charges | 65 | €927 | €560 | -€367 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €69,732 | €103,041 | +€33,309 | +47.8% |
| Income taxes | 67/77 | €18,451 | €26,286 | +€7,835 | +42.5% |
| Profit (loss) for the period | 9904 | €51,281 | €76,755 | +€25,474 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,281 | €76,755 | +€25,474 | +49.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.