AXXACO: 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.
What changed
AXXACO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,527
2024 · €19,207+€3,320
Equity
€501,942
2024 · €479,415+€22,527
Cash
-
2024 · €2,720-€2,720
Balance sheet total
€884,093
2024 · €873,012+€11,081
Largest movements
Assets
- Tangible fixed assets +€9,054
up €9,054 (+1.3%), from €717,842 to €726,896
of which Land and buildings: +€8,095
Equity and liabilities
- Reserves +€22,500
up €22,500 (+17.1%), from €131,900 to €154,400
- Other debts -€8,901
down €8,901 (-8.1%), from €109,239 to €100,338
Income statement
- Gross operating margin +€7,000
up €7,000 (+15.5%), from €45,177 to €52,177
- Taxes +€2,507
up €2,507 (+29.8%), from €8,400 to €10,907
- Other operating charges +€1,320
up €1,320 (+45.2%), from €2,919 to €4,238
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.
Result 2024
€19,207
Gross operating margin
+€7,000
Depreciation
+€249
Other operating charges
-€1,320
Financial income
+€0
Financial charges
-€103
Taxes
-€2,507
Result 2025
€22,527
raises the resultlowers the result
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.
From operations
+€17,383
Investment
-€13,704
Financing
-€6,399
Cash 2024
€2,720
From operations (derived)
+€17,383
Net result for the year
+€22,527
Depreciation
+€4,649
Deferred charges and accrued income
-€4,746
Trade debts
-€171
Tax, wage and social debts
-€3,911
Other debts
-€8,901
Accrued charges and deferred income
+€7,935
Investment (derived)
-€13,704
Investment in fixed assets (net)
-€13,704
Financing
-€6,399
Debts after one year
-€295
Current portion of long-term debt
-€7,675
Short-term financial debts
+€1,571
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,012 | €884,093 | +€11,081 | +1.3% |
| Fixed assets | 21/28 | €867,842 | €876,896 | +€9,054 | +1.0% |
| Tangible fixed assets | 22/27 | €717,842 | €726,896 | +€9,054 | +1.3% |
| Land and buildings | 22 | €717,842 | €725,937 | +€8,095 | +1.1% |
| Furniture and vehicles | 24 | - | €960 | +€960 | |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €5,171 | €7,197 | +€2,026 | +39.2% |
| Cash at bank and in hand | 54/58 | €2,720 | - | -€2,720 | |
| Deferred charges and accrued income | 490/1 | €2,451 | €7,197 | +€4,746 | +194% |
| Total equity and liabilities | 10/49 | €873,012 | €884,093 | +€11,081 | +1.3% |
| Equity | 10/15 | €479,415 | €501,942 | +€22,527 | +4.7% |
| Contributions | 10/11 | €346,200 | €346,200 | = | 0.0% |
| Reserves | 13 | €131,900 | €154,400 | +€22,500 | +17.1% |
| Distributable reserves | 133 | €131,900 | €154,400 | +€22,500 | +17.1% |
| Profit (loss) carried forward | 14 | €1,315 | €1,342 | +€27 | +2.1% |
| Amounts payable | 17/49 | €393,597 | €382,151 | -€11,446 | -2.9% |
| Amounts payable after more than one year | 17 | €175,071 | €174,776 | -€295 | -0.2% |
| Financial debts | 170/4 | €173,121 | €172,826 | -€295 | -0.2% |
| Other amounts payable | 178/9 | €1,950 | €1,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,393 | €126,307 | -€19,086 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €18,917 | €11,242 | -€7,675 | -40.6% |
| Financial debts | 43 | €1,365 | €2,936 | +€1,571 | +115% |
| Credit institutions | 430/8 | €1,365 | €2,936 | +€1,571 | +115% |
| Trade debts | 44 | €909 | €738 | -€171 | -18.8% |
| Suppliers | 440/4 | €909 | €738 | -€171 | -18.8% |
| Taxes, remuneration and social security | 45 | €14,964 | €11,053 | -€3,911 | -26.1% |
| Taxes | 450/3 | €14,448 | €10,538 | -€3,911 | -27.1% |
| Remuneration and social security | 454/9 | €516 | €516 | = | 0.0% |
| Other amounts payable | 47/48 | €109,239 | €100,338 | -€8,901 | -8.1% |
| Accrued charges and deferred income | 492/3 | €73,132 | €81,067 | +€7,935 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,898 | €4,649 | -€249 | -5.1% |
| Other operating charges | 640/8 | €2,919 | €4,238 | +€1,320 | +45.2% |
| Gross operating margin | 9900 | €45,177 | €52,177 | +€7,000 | +15.5% |
| Operating profit (loss) | 9901 | €37,359 | €43,289 | +€5,930 | +15.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,753 | €9,856 | +€103 | +1.1% |
| Recurring financial charges | 65 | €9,753 | €9,856 | +€103 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €27,607 | €33,434 | +€5,827 | +21.1% |
| Income taxes | 67/77 | €8,400 | €10,907 | +€2,507 | +29.8% |
| Profit (loss) for the period | 9904 | €19,207 | €22,527 | +€3,320 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,207 | €22,527 | +€3,320 | +17.3% |
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 15 October 2026 via checked.be.