AXXES MERELBEKE: 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.
AXXES MERELBEKE
Largest movements
- Cash -€417,980
down €417,980 (-19.5%), from €2.1m to €1.7m
mainly Contributions, distributions and other (-€2.5m) and Investment in fixed assets (net) (-€200,246)
- Receivables within one year -€162,222
down €162,222 (-66.0%), from €245,955 to €83,733
of which Trade receivables: -€155,462
- Tangible fixed assets +€110,011
up €110,011 (+12.1%), from €912,091 to €1.0m
of which Land and buildings: +€110,764
- Other debts +€1.7m
new in 2025: €1.7m
- Contributions -€1.7m
down €1.7m (-78.0%), from €2.2m to €480,000
- Profit (loss) carried forward -€414,991
down €414,991 (-55.1%), from €753,661 to €338,671
- Tax, wage and social debts +€120,914
new in 2025: €120,914
- Trade debts -€90,305
down €90,305 (-55.2%), from €163,595 to €73,289
- Gross operating margin +€163,007
up €163,007 (+36.9%), from €441,958 to €604,965
- Taxes +€40,140
up €40,140 (+49.7%), from €80,774 to €120,914
- Depreciation +€24,895
up €24,895 (+38.1%), from €65,340 to €90,235
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 | €3,314,418 | €2,871,335 | -€443,084 | -13.4% |
| Fixed assets | 21/28 | €912,091 | €1,022,103 | +€110,011 | +12.1% |
| Tangible fixed assets | 22/27 | €912,091 | €1,022,103 | +€110,011 | +12.1% |
| Land and buildings | 22 | €911,339 | €1,022,103 | +€110,764 | +12.2% |
| Other tangible fixed assets | 26 | €752 | - | -€752 | |
| Current assets | 29/58 | €2,402,327 | €1,849,232 | -€553,095 | -23.0% |
| Amounts receivable within one year | 40/41 | €245,955 | €83,733 | -€162,222 | -66.0% |
| Trade receivables | 40 | €218,957 | €63,496 | -€155,462 | -71.0% |
| Other amounts receivable | 41 | €26,998 | €20,237 | -€6,760 | -25.0% |
| Cash at bank and in hand | 54/58 | €2,146,836 | €1,728,855 | -€417,980 | -19.5% |
| Deferred charges and accrued income | 490/1 | €9,536 | €36,643 | +€27,107 | +284% |
| Total equity and liabilities | 10/49 | €3,314,418 | €2,871,335 | -€443,084 | -13.4% |
| Equity | 10/15 | €2,973,911 | €866,671 | -€2.1m | -70.9% |
| Contributions | 10/11 | €2,180,000 | €480,000 | -€1.7m | -78.0% |
| Capital | 10 | €2,180,000 | €480,000 | -€1.7m | -78.0% |
| Issued capital | 100 | €2,180,000 | €480,000 | -€1.7m | -78.0% |
| Reserves | 13 | €40,250 | €48,000 | +€7,750 | +19.3% |
| Non-distributable reserves | 130/1 | €40,250 | €48,000 | +€7,750 | +19.3% |
| Legal reserve | 130 | €40,250 | €48,000 | +€7,750 | +19.3% |
| Profit (loss) carried forward | 14 | €753,661 | €338,671 | -€414,991 | -55.1% |
| Amounts payable | 17/49 | €340,507 | €2,004,664 | +€1.7m | +489% |
| Amounts payable within one year | 42/48 | €163,595 | €1,896,199 | +€1.7m | +1,059% |
| Trade debts | 44 | €163,595 | €73,289 | -€90,305 | -55.2% |
| Suppliers | 440/4 | €163,595 | €73,289 | -€90,305 | -55.2% |
| Taxes, remuneration and social security | 45 | - | €120,914 | +€120,914 | |
| Taxes | 450/3 | - | €120,914 | +€120,914 | |
| Other amounts payable | 47/48 | - | €1,701,995 | +€1.7m | |
| Accrued charges and deferred income | 492/3 | €176,912 | €108,465 | -€68,447 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,340 | €90,235 | +€24,895 | +38.1% |
| Other operating charges | 640/8 | €50,532 | €48,286 | -€2,246 | -4.4% |
| Gross operating margin | 9900 | €441,958 | €604,965 | +€163,007 | +36.9% |
| Operating profit (loss) | 9901 | €326,086 | €466,445 | +€140,359 | +43.0% |
| Financial income | 75/76B | €1,803 | €285 | -€1,518 | -84.2% |
| Recurring financial income | 75 | €1,803 | €285 | -€1,518 | -84.2% |
| Financial charges | 65/66B | €206 | €206 | +€0 | +0.2% |
| Recurring financial charges | 65 | €206 | €206 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €327,683 | €466,524 | +€138,841 | +42.4% |
| Income taxes | 67/77 | €80,774 | €120,914 | +€40,140 | +49.7% |
| Profit (loss) for the period | 9904 | €246,909 | €345,610 | +€98,701 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €246,909 | €345,610 | +€98,701 | +40.0% |
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 18 October 2026 via checked.be.