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.
AXXI
Largest movements
- Stocks and contracts -€423,282
down €423,282 (-38.1%), from €1.1m to €688,624
- Receivables within one year +€291,053
up €291,053 (+2133.1%), from €13,645 to €304,698
of which Trade receivables: +€239,438
- Short-term financial debts -€200,000
no longer reported in 2025 (was €200,000)
- Tax, wage and social debts +€99,441
up €99,441 (+10800.9%), from €921 to €100,362
- Other debts -€90,917
down €90,917 (-11.7%), from €776,711 to €685,794
- Reserves +€41,633
up €41,633 (+35.0%), from €118,800 to €160,432
of which Distributable reserves: +€42,029
- Gross operating margin -€31,843
down €31,843 (-28.4%), from €112,225 to €80,382
- Financial charges -€10,796
down €10,796 (-46.6%), from €23,151 to €12,355
- Depreciation -€3,494
down €3,494 (-50.5%), from €6,923 to €3,429
- Taxes +€2,210
up €2,210 (+10.6%), from €20,881 to €23,091
- Financial income +€1,508
up €1,508 (+10435.0%), from €14 to €1,522
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 | €1,232,304 | €1,093,550 | -€138,754 | -11.3% |
| Fixed assets | 21/28 | €40,981 | €30,787 | -€10,194 | -24.9% |
| Tangible fixed assets | 22/27 | €39,361 | €30,167 | -€9,194 | -23.4% |
| Land and buildings | 22 | €2,560 | - | -€2,560 | |
| Plant, machinery and equipment | 23 | - | €1,687 | +€1,687 | |
| Furniture and vehicles | 24 | €1,604 | €590 | -€1,013 | -63.2% |
| Other tangible fixed assets | 26 | €35,197 | €27,890 | -€7,307 | -20.8% |
| Financial fixed assets | 28 | €1,620 | €620 | -€1,000 | -61.7% |
| Current assets | 29/58 | €1,191,323 | €1,062,763 | -€128,560 | -10.8% |
| Stocks and contracts in progress | 3 | €1,111,906 | €688,624 | -€423,282 | -38.1% |
| Stocks | 30/36 | €1,111,906 | €688,624 | -€423,282 | -38.1% |
| Amounts receivable within one year | 40/41 | €13,645 | €304,698 | +€291,053 | +2133.1% |
| Trade receivables | 40 | €10,260 | €249,698 | +€239,438 | +2333.6% |
| Other amounts receivable | 41 | €3,385 | €55,000 | +€51,615 | +1525.0% |
| Current investments | 50/53 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €61,938 | €67,511 | +€5,573 | +9.0% |
| Deferred charges and accrued income | 490/1 | €835 | €1,930 | +€1,095 | +131.2% |
| Total equity and liabilities | 10/49 | €1,232,304 | €1,093,550 | -€138,754 | -11.3% |
| Equity | 10/15 | €137,400 | €179,032 | +€41,633 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,800 | €160,432 | +€41,633 | +35.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €397 | - | -€397 | |
| Distributable reserves | 133 | €116,543 | €158,572 | +€42,029 | +36.1% |
| Provisions and deferred taxes | 16 | €132 | - | -€132 | |
| Deferred taxes | 168 | €132 | - | -€132 | |
| Amounts payable | 17/49 | €1,094,772 | €914,518 | -€180,254 | -16.5% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,020,922 | €836,818 | -€184,104 | -18.0% |
| Financial debts | 43 | €200,000 | - | -€200,000 | |
| Credit institutions | 430/8 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €43,290 | €50,662 | +€7,372 | +17.0% |
| Suppliers | 440/4 | €43,290 | €50,662 | +€7,372 | +17.0% |
| Taxes, remuneration and social security | 45 | €921 | €100,362 | +€99,441 | +10800.9% |
| Taxes | 450/3 | €921 | €100,362 | +€99,441 | +10800.9% |
| Other amounts payable | 47/48 | €776,711 | €685,794 | -€90,917 | -11.7% |
| Accrued charges and deferred income | 492/3 | €3,850 | €7,700 | +€3,850 | +100.0% |
| Non-recurring operating income | 76A | - | €13,777 | +€13,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,923 | €3,429 | -€3,494 | -50.5% |
| Other operating charges | 640/8 | €990 | €1,338 | +€349 | +35.2% |
| Non-recurring operating charges | 66A | - | €190 | +€190 | |
| Gross operating margin | 9900 | €112,225 | €80,382 | -€31,843 | -28.4% |
| Operating profit (loss) | 9901 | €104,312 | €75,424 | -€28,888 | -27.7% |
| Financial income | 75/76B | €14 | €1,522 | +€1,508 | +10435.0% |
| Recurring financial income | 75 | €14 | €1,522 | +€1,508 | +10435.0% |
| Financial charges | 65/66B | €23,151 | €12,355 | -€10,796 | -46.6% |
| Recurring financial charges | 65 | €23,151 | €12,355 | -€10,796 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €81,175 | €64,592 | -€16,584 | -20.4% |
| Transfer from deferred taxes | 780 | - | €132 | +€132 | |
| Income taxes | 67/77 | €20,881 | €23,091 | +€2,210 | +10.6% |
| Profit (loss) for the period | 9904 | €60,294 | €41,633 | -€18,662 | -31.0% |
| Transfer from tax-exempt reserves | 789 | - | €397 | +€397 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,294 | €42,029 | -€18,265 | -30.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.