AXXES: 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.
What changed
AXXES
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.4m
2024 · €8.0m-€586,312
Equity
€14.9m
2024 · €16.5m-€1.6m
Cash
€18,350
2024 · €648,129-€629,779
Balance sheet total
€43.9m
2024 · €46.3m-€2.4m
Largest movements
Assets
- Receivables after one year -€5.3m
down €5.3m (-84.0%), from €6.3m to €1.0m
- Receivables within one year +€4.8m
up €4.8m (+29.9%), from €16.1m to €21.0m
of which Other amounts receivable: +€6.0m
- Financial fixed assets -€830,830
down €830,830 (-3.9%), from €21.6m to €20.7m
of which Affiliated companies: -€827,470
- Cash -€629,779
down €629,779 (-97.2%), from €648,129 to €18,350
mainly Debts after one year (-€21.6m) and Contributions, distributions and other (-€9.0m)
- Deferred charges and accrued income -€469,405
down €469,405 (-66.5%), from €705,906 to €236,501
Equity and liabilities
- Debts after one year -€21.6m
down €21.6m (-100.0%), from €21.6m to €0
- Other debts +€18.7m
up €18.7m, from €0 to €18.7m
- Trade debts +€2.0m
up €2.0m (+37.6%), from €5.2m to €7.2m
- Reserves -€1.6m
down €1.6m (-9.5%), from €16.4m to €14.9m
of which Distributable reserves: -€1.6m
Income statement
- Turnover -€33.2m
down €33.2m (-33.1%), from €100.3m to €67.1m
- Services and other goods -€20.6m
down €20.6m (-34.0%), from €60.7m to €40.1m
- Staff costs -€10.1m
down €10.1m (-31.9%), from €31.6m to €21.5m
- Financial income +€4.3m
up €4.3m (+1256.7%), from €338,362 to €4.6m
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
€8.0m
Turnover
-€33.2m
Other operating income
-€945,136
Services and other goods
+€20.6m
Staff costs
+€10.1m
Depreciation
-€32,717
Write-downs
-€20,786
Other operating charges
+€21,821
Other operating items
-€653,323
Financial income
+€4.3m
Financial charges
-€851,625
Taxes
+€100,668
Result 2025
€7.4m
Cash bridge derived
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
+€29.3m
Investment
+€659,066
Financing
-€30.6m
Cash 2024
€648,129
From operations (derived)
+€29.3m
Net result for the year
+€7.4m
Depreciation
+€252,314
Receivables after one year
+€5.3m
Receivables within one year
-€4.8m
Deferred charges and accrued income
+€469,405
Trade debts
+€2.0m
Tax, wage and social debts
+€180,424
Other debts
+€18.7m
Accrued charges and deferred income
-€115,113
Investment (derived)
+€659,066
Investment in fixed assets (net)
+€659,066
Financing
-€30.6m
Debts after one year
-€21.6m
Contributions, distributions and other
-€9.0m
Cash 2025
€18,350
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,307,992 | €43,868,909 | -€2.4m | -5.3% |
| Fixed assets | 21/28 | €22,566,893 | €21,655,513 | -€911,380 | -4.0% |
| Intangible fixed assets | 21 | €131,671 | €135,875 | +€4,204 | +3.2% |
| Tangible fixed assets | 22/27 | €872,944 | €788,191 | -€84,754 | -9.7% |
| Land and buildings | 22 | €140,343 | €118,812 | -€21,531 | -15.3% |
| Furniture and vehicles | 24 | €316,233 | €287,218 | -€29,015 | -9.2% |
| Other tangible fixed assets | 26 | €416,369 | €382,161 | -€34,208 | -8.2% |
| Financial fixed assets | 28 | €21,562,278 | €20,731,447 | -€830,830 | -3.9% |
| Affiliated companies | 280/1 | €21,555,283 | €20,727,813 | -€827,470 | -3.8% |
| Participating interests | 280 | €21,555,283 | €20,727,813 | -€827,470 | -3.8% |
| Other financial fixed assets | 284/8 | €6,995 | €3,635 | -€3,360 | -48.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,995 | €3,635 | -€3,360 | -48.0% |
| Current assets | 29/58 | €23,741,099 | €22,213,396 | -€1.5m | -6.4% |
| Amounts receivable after more than one year | 29 | €6,250,000 | €1,000,000 | -€5.3m | -84.0% |
| Other amounts receivable | 291 | €6,250,000 | €1,000,000 | -€5.3m | -84.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €16,137,064 | €20,958,546 | +€4.8m | +29.9% |
| Trade receivables | 40 | €12,077,738 | €10,857,281 | -€1.2m | -10.1% |
| Other amounts receivable | 41 | €4,059,326 | €10,101,265 | +€6.0m | +148.8% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €648,129 | €18,350 | -€629,779 | -97.2% |
| Deferred charges and accrued income | 490/1 | €705,906 | €236,501 | -€469,405 | -66.5% |
| Total equity and liabilities | 10/49 | €46,307,992 | €43,868,909 | -€2.4m | -5.3% |
| Equity | 10/15 | €16,487,542 | €14,921,556 | -€1.6m | -9.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €16,425,568 | €14,859,582 | -€1.6m | -9.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €16,419,371 | €14,853,385 | -€1.6m | -9.5% |
| Amounts payable | 17/49 | €29,820,450 | €28,947,354 | -€873,096 | -2.9% |
| Amounts payable after more than one year | 17 | €21,551,283 | €0 | -€21.6m | -100.0% |
| Financial debts | 170/4 | €21,551,283 | €0 | -€21.6m | -100.0% |
| Other loans | 174 | €21,551,283 | €0 | -€21.6m | -100.0% |
| Amounts payable within one year | 42/48 | €8,100,441 | €28,893,741 | +€20.8m | +256.7% |
| Trade debts | 44 | €5,197,800 | €7,153,088 | +€2.0m | +37.6% |
| Suppliers | 440/4 | €5,197,800 | €7,153,088 | +€2.0m | +37.6% |
| Taxes, remuneration and social security | 45 | €2,902,641 | €3,083,065 | +€180,424 | +6.2% |
| Taxes | 450/3 | €461,809 | €643,318 | +€181,509 | +39.3% |
| Remuneration and social security | 454/9 | €2,440,832 | €2,439,746 | -€1,085 | 0.0% |
| Other amounts payable | 47/48 | €0 | €18,657,588 | +€18.7m | |
| Accrued charges and deferred income | 492/3 | €168,726 | €53,613 | -€115,113 | -68.2% |
| Operating income | 70/76A | €102,915,486 | €68,121,828 | -€34.8m | -33.8% |
| Turnover | 70 | €100,335,946 | €67,148,452 | -€33.2m | -33.1% |
| Own construction capitalised | 72 | €71,946 | €63,719 | -€8,227 | -11.4% |
| Other operating income | 74 | €1,806,131 | €860,995 | -€945,136 | -52.3% |
| Non-recurring operating income | 76A | €701,463 | €48,663 | -€652,800 | -93.1% |
| Operating charges | 60/66A | €92,606,797 | €61,900,649 | -€30.7m | -33.2% |
| Services and other goods | 61 | €60,714,514 | €40,077,260 | -€20.6m | -34.0% |
| Remuneration, social security and pensions | 62 | €31,634,925 | €21,542,053 | -€10.1m | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,598 | €252,314 | +€32,717 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,786 | +€20,786 | |
| Other operating charges | 640/8 | €29,826 | €8,005 | -€21,821 | -73.2% |
| Non-recurring operating charges | 66A | €7,934 | €230 | -€7,705 | -97.1% |
| Operating profit (loss) | 9901 | €10,308,688 | €6,221,180 | -€4.1m | -39.7% |
| Financial income | 75/76B | €338,362 | €4,590,515 | +€4.3m | +1256.7% |
| Recurring financial income | 75 | €338,362 | €4,590,515 | +€4.3m | +1256.7% |
| Income from financial fixed assets | 750 | - | €4,176,530 | +€4.2m | |
| Income from current assets | 751 | €320,808 | €402,113 | +€81,304 | +25.3% |
| Other financial income | 752/9 | €17,553 | €11,873 | -€5,680 | -32.4% |
| Financial charges | 65/66B | €581,968 | €1,433,593 | +€851,625 | +146.3% |
| Recurring financial charges | 65 | €477,961 | €1,433,593 | +€955,632 | +199.9% |
| Debt charges | 650 | €461,086 | €1,429,294 | +€968,209 | +210.0% |
| Other financial charges | 652/9 | €16,876 | €4,299 | -€12,576 | -74.5% |
| Non-recurring financial charges | 66B | €104,007 | €0 | -€104,007 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €10,065,082 | €9,378,101 | -€686,980 | -6.8% |
| Income taxes | 67/77 | €2,044,755 | €1,944,088 | -€100,668 | -4.9% |
| Taxes | 670/3 | €2,131,756 | €1,944,088 | -€187,669 | -8.8% |
| Tax adjustments and reversals of tax provisions | 77 | €87,001 | €0 | -€87,001 | -100.0% |
| Profit (loss) for the period | 9904 | €8,020,326 | €7,434,014 | -€586,312 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,020,326 | €7,434,014 | -€586,312 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.