AXXI: 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
AXXI
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€863,053
2024 · €668,961+€194,092
Equity
€2.7m
2024 · €2.3m+€404,053
Cash
€509,663
2024 · €579,105-€69,442
Balance sheet total
€7.8m
2024 · €7.7m+€106,414
Largest movements
Assets
- Receivables within one year +€347,785
up €347,785 (+23.4%), from €1.5m to €1.8m
of which Trade receivables: +€295,613
- Current investments -€100,000
down €100,000 (-12.5%), from €800,000 to €700,000
Equity and liabilities
- Debts after one year -€440,777
down €440,777 (-11.7%), from €3.8m to €3.3m
of which Financial debts: -€420,264
- Reserves +€404,053
up €404,053 (+21.1%), from €1.9m to €2.3m
of which Distributable reserves: +€277,753
- Other debts +€177,523
up €177,523 (+27.2%), from €653,661 to €831,184
Income statement
- Gross operating margin +€261,044
up €261,044 (+6.5%), from €4.0m to €4.3m
- Staff costs +€185,761
up €185,761 (+8.0%), from €2.3m to €2.5m
- Depreciation -€111,847
down €111,847 (-16.8%), from €667,584 to €555,737
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
€668,961
Gross operating margin
+€261,044
Staff costs
-€185,761
Depreciation
+€111,847
Other operating charges
+€8,449
Financial income
-€5,950
Financial charges
+€8,789
Taxes
-€4,326
Result 2025
€863,053
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
+€1.2m
Investment
-€406,413
Financing
-€895,657
Cash 2024
€579,105
From operations (derived)
+€1.2m
Net result for the year
+€863,053
Depreciation
+€555,737
Receivables after one year
+€29,937
Receivables within one year
-€347,785
Deferred charges and accrued income
-€7,332
Trade debts
-€65,778
Tax, wage and social debts
+€46,767
Other debts
+€177,523
Accrued charges and deferred income
-€19,494
Investment (derived)
-€406,413
Investment in fixed assets (net)
-€506,413
Current investments
+€100,000
Financing
-€895,657
Debts after one year
-€440,777
Current portion of long-term debt
+€4,120
Contributions, distributions and other
-€459,000
Cash 2025
€509,663
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,654,742 | €7,761,157 | +€106,414 | +1.4% |
| Fixed assets | 21/28 | €4,631,623 | €4,582,299 | -€49,324 | -1.1% |
| Intangible fixed assets | 21 | €567,347 | €513,957 | -€53,390 | -9.4% |
| Tangible fixed assets | 22/27 | €4,064,226 | €4,068,291 | +€4,066 | +0.1% |
| Land and buildings | 22 | €264,931 | €152,893 | -€112,038 | -42.3% |
| Plant, machinery and equipment | 23 | €49,043 | €65,960 | +€16,916 | +34.5% |
| Furniture and vehicles | 24 | €304,572 | €593,296 | +€288,724 | +94.8% |
| Leasing and similar rights | 25 | €3,445,679 | €3,256,143 | -€189,536 | -5.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €3,023,119 | €3,178,858 | +€155,739 | +5.2% |
| Amounts receivable after more than one year | 29 | €102,905 | €72,968 | -€29,937 | -29.1% |
| Other amounts receivable | 291 | €102,905 | €72,968 | -€29,937 | -29.1% |
| Amounts receivable within one year | 40/41 | €1,484,110 | €1,831,895 | +€347,785 | +23.4% |
| Trade receivables | 40 | €979,614 | €1,275,227 | +€295,613 | +30.2% |
| Other amounts receivable | 41 | €504,496 | €556,669 | +€52,173 | +10.3% |
| Current investments | 50/53 | €800,000 | €700,000 | -€100,000 | -12.5% |
| Cash at bank and in hand | 54/58 | €579,105 | €509,663 | -€69,442 | -12.0% |
| Deferred charges and accrued income | 490/1 | €56,999 | €64,332 | +€7,332 | +12.9% |
| Total equity and liabilities | 10/49 | €7,654,742 | €7,761,157 | +€106,414 | +1.4% |
| Equity | 10/15 | €2,284,175 | €2,688,228 | +€404,053 | +17.7% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €1,914,175 | €2,318,228 | +€404,053 | +21.1% |
| Tax-exempt reserves | 132 | €324,554 | €450,854 | +€126,300 | +38.9% |
| Distributable reserves | 133 | €1,589,621 | €1,867,374 | +€277,753 | +17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,370,567 | €5,072,928 | -€297,639 | -5.5% |
| Amounts payable after more than one year | 17 | €3,751,416 | €3,310,639 | -€440,777 | -11.7% |
| Financial debts | 170/4 | €3,578,239 | €3,157,974 | -€420,264 | -11.7% |
| Other amounts payable | 178/9 | €173,177 | €152,665 | -€20,513 | -11.8% |
| Amounts payable within one year | 42/48 | €1,574,152 | €1,736,784 | +€162,632 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €416,145 | €420,264 | +€4,120 | +1.0% |
| Trade debts | 44 | €93,474 | €27,696 | -€65,778 | -70.4% |
| Suppliers | 440/4 | €93,474 | €27,696 | -€65,778 | -70.4% |
| Taxes, remuneration and social security | 45 | €410,872 | €457,639 | +€46,767 | +11.4% |
| Taxes | 450/3 | €133,565 | €161,945 | +€28,380 | +21.2% |
| Remuneration and social security | 454/9 | €277,307 | €295,694 | +€18,388 | +6.6% |
| Other amounts payable | 47/48 | €653,661 | €831,184 | +€177,523 | +27.2% |
| Accrued charges and deferred income | 492/3 | €44,999 | €25,505 | -€19,494 | -43.3% |
| Non-recurring operating income | 76A | €20 | €0 | -€20 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,330,102 | €2,515,863 | +€185,761 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667,584 | €555,737 | -€111,847 | -16.8% |
| Other operating charges | 640/8 | €43,427 | €34,979 | -€8,449 | -19.5% |
| Gross operating margin | 9900 | €3,995,891 | €4,256,935 | +€261,044 | +6.5% |
| Operating profit (loss) | 9901 | €954,777 | €1,150,356 | +€195,579 | +20.5% |
| Financial income | 75/76B | €21,480 | €15,530 | -€5,950 | -27.7% |
| Recurring financial income | 75 | €21,480 | €15,530 | -€5,950 | -27.7% |
| Financial charges | 65/66B | €102,697 | €93,907 | -€8,789 | -8.6% |
| Recurring financial charges | 65 | €102,697 | €93,907 | -€8,789 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €873,560 | €1,071,978 | +€198,418 | +22.7% |
| Income taxes | 67/77 | €204,599 | €208,925 | +€4,326 | +2.1% |
| Profit (loss) for the period | 9904 | €668,961 | €863,053 | +€194,092 | +29.0% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €668,961 | €736,753 | +€67,792 | +10.1% |
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 4 October 2026 via checked.be.