AXXESS: 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.
AXXESS
Largest movements
- Cash -€138,789
down €138,789 (-77.7%), from €178,599 to €39,810
mainly Investment in fixed assets (net) (-€109,647) and Other debts (-€97,082)
- Tangible fixed assets +€86,584
up €86,584 (+310.8%), from €27,861 to €114,445
of which Furniture and vehicles: +€87,827
- Deferred charges and accrued income -€5,361
no longer reported in 2025 (was €5,361)
- Other debts -€97,082
down €97,082 (-74.0%), from €131,106 to €34,025
- Debts after one year +€32,833
new in 2025: €32,833
- Current portion of long-term debt +€8,762
new in 2025: €8,762
- Trade debts -€3,714
down €3,714 (-24.6%), from €15,093 to €11,378
- Gross operating margin -€146,603
down €146,603 (-74.5%), from €196,892 to €50,290
- Taxes -€40,704
down €40,704 (-90.2%), from €45,150 to €4,446
- Depreciation +€13,010
up €13,010 (+129.4%), from €10,054 to €23,064
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,366 | €174,554 | -€59,812 | -25.5% |
| Fixed assets | 21/28 | €27,861 | €114,445 | +€86,584 | +310.8% |
| Tangible fixed assets | 22/27 | €27,861 | €114,445 | +€86,584 | +310.8% |
| Plant, machinery and equipment | 23 | €6,609 | €5,366 | -€1,243 | -18.8% |
| Furniture and vehicles | 24 | €21,252 | €109,079 | +€87,827 | +413.3% |
| Current assets | 29/58 | €206,505 | €60,109 | -€146,396 | -70.9% |
| Amounts receivable within one year | 40/41 | €22,545 | €20,298 | -€2,246 | -10.0% |
| Trade receivables | 40 | €22,545 | €20,191 | -€2,354 | -10.4% |
| Other amounts receivable | 41 | €0 | €108 | +€108 | +1079500.0% |
| Cash at bank and in hand | 54/58 | €178,599 | €39,810 | -€138,789 | -77.7% |
| Deferred charges and accrued income | 490/1 | €5,361 | - | -€5,361 | |
| Total equity and liabilities | 10/49 | €234,366 | €174,554 | -€59,812 | -25.5% |
| Equity | 10/15 | €75,644 | €75,696 | +€52 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,444 | €18,444 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,584 | €16,584 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,600 | €38,652 | +€52 | +0.1% |
| Amounts payable | 17/49 | €158,722 | €98,858 | -€59,864 | -37.7% |
| Amounts payable after more than one year | 17 | - | €32,833 | +€32,833 | |
| Financial debts | 170/4 | - | €32,833 | +€32,833 | |
| Amounts payable within one year | 42/48 | €158,722 | €66,024 | -€92,698 | -58.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,762 | +€8,762 | |
| Trade debts | 44 | €15,093 | €11,378 | -€3,714 | -24.6% |
| Suppliers | 440/4 | €15,093 | €11,378 | -€3,714 | -24.6% |
| Taxes, remuneration and social security | 45 | €12,523 | €11,860 | -€664 | -5.3% |
| Taxes | 450/3 | €12,523 | €11,860 | -€664 | -5.3% |
| Other amounts payable | 47/48 | €131,106 | €34,025 | -€97,082 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,054 | €23,064 | +€13,010 | +129.4% |
| Other operating charges | 640/8 | €1,659 | €966 | -€693 | -41.8% |
| Gross operating margin | 9900 | €196,892 | €50,290 | -€146,603 | -74.5% |
| Operating profit (loss) | 9901 | €185,179 | €26,260 | -€158,919 | -85.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €97 | €962 | +€865 | +891.8% |
| Recurring financial charges | 65 | €97 | €962 | +€865 | +891.8% |
| Profit (loss) for the period before taxes | 9903 | €185,082 | €25,298 | -€159,784 | -86.3% |
| Income taxes | 67/77 | €45,150 | €4,446 | -€40,704 | -90.2% |
| Profit (loss) for the period | 9904 | €139,932 | €20,852 | -€119,080 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €139,932 | €20,852 | -€119,080 | -85.1% |
Source: filed annual accounts (NBB), financial years ended 1 July 2024 and 1 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.