AXXON: 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
AXXON
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€43,477
2023 · -€86,363+€129,841
Equity
€8.6m
2023 · €8.5m+€43,477
Cash
€5,269
2023 · €21,960-€16,691
Balance sheet total
€19.7m
2023 · €19.5m+€175,795
Largest movements
Assets
- Tangible fixed assets +€207,239
up €207,239 (+1.2%), from €17.6m to €17.8m
of which Other tangible fixed assets: +€342,148
Equity and liabilities
- Short-term financial debts +€377,878
up €377,878 (+15.0%), from €2.5m to €2.9m
- Other debts -€266,425
down €266,425 (-82.4%), from €323,233 to €56,808
Income statement
- Gross operating margin +€269,634
up €269,634 (+37.8%), from €713,322 to €982,956
- Depreciation +€81,805
up €81,805 (+19.2%), from €426,065 to €507,870
- Financial charges +€47,512
up €47,512 (+16.2%), from €293,114 to €340,627
- Other operating charges +€16,785
up €16,785 (+20.6%), from €81,418 to €98,203
From the 2023 result to the 2024 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 2023
-€86,363
Gross operating margin
+€269,634
Depreciation
-€81,805
Other operating charges
-€16,785
Financial income
+€6,008
Financial charges
-€47,512
Taxes
+€302
Result 2024
€43,477
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€160,983
Investment
-€711,940
Financing
+€534,265
Cash 2023
€21,960
From operations (derived)
+€160,983
Net result for the year
+€43,477
Depreciation
+€507,870
Receivables after one year
+€8,788
Receivables within one year
+€2,069
Deferred charges and accrued income
+€726
Trade debts
-€125,302
Tax, wage and social debts
-€7,588
Other debts
-€266,425
Accrued charges and deferred income
-€2,632
Investment (derived)
-€711,940
Investment in fixed assets (net)
-€716,159
Current investments
+€4,219
Financing
+€534,265
Debts after one year
+€86,272
Current portion of long-term debt
+€70,115
Short-term financial debts
+€377,878
Cash 2024
€5,269
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,507,863 | €19,683,658 | +€175,795 | +0.9% |
| Fixed assets | 21/28 | €18,153,989 | €18,362,278 | +€208,289 | +1.1% |
| Tangible fixed assets | 22/27 | €17,576,739 | €17,783,978 | +€207,239 | +1.2% |
| Land and buildings | 22 | €5,291,476 | €5,156,827 | -€134,649 | -2.5% |
| Plant, machinery and equipment | 23 | €285 | €25 | -€260 | -91.3% |
| Other tangible fixed assets | 26 | €12,284,978 | €12,627,126 | +€342,148 | +2.8% |
| Financial fixed assets | 28 | €577,250 | €578,300 | +€1,050 | +0.2% |
| Current assets | 29/58 | €1,353,874 | €1,321,380 | -€32,494 | -2.4% |
| Amounts receivable after more than one year | 29 | €8,788 | - | -€8,788 | |
| Other amounts receivable | 291 | €8,788 | - | -€8,788 | |
| Amounts receivable within one year | 40/41 | €799,481 | €797,412 | -€2,069 | -0.3% |
| Trade receivables | 40 | €108,174 | €13,321 | -€94,854 | -87.7% |
| Other amounts receivable | 41 | €691,307 | €784,091 | +€92,784 | +13.4% |
| Current investments | 50/53 | €504,254 | €500,034 | -€4,219 | -0.8% |
| Cash at bank and in hand | 54/58 | €21,960 | €5,269 | -€16,691 | -76.0% |
| Deferred charges and accrued income | 490/1 | €19,392 | €18,666 | -€726 | -3.7% |
| Total equity and liabilities | 10/49 | €19,507,863 | €19,683,658 | +€175,795 | +0.9% |
| Equity | 10/15 | €8,541,105 | €8,584,582 | +€43,477 | +0.5% |
| Contributions | 10/11 | €7,059,250 | €7,059,250 | = | 0.0% |
| Capital | 10 | €7,059,250 | €7,059,250 | = | 0.0% |
| Issued capital | 100 | €7,119,250 | €7,119,250 | = | 0.0% |
| Uncalled capital | 101 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €956,721 | €956,721 | = | 0.0% |
| Non-distributable reserves | 130/1 | €686,925 | €686,925 | = | 0.0% |
| Legal reserve | 130 | €686,925 | €686,925 | = | 0.0% |
| Distributable reserves | 133 | €269,796 | €269,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €525,134 | €568,611 | +€43,477 | +8.3% |
| Amounts payable | 17/49 | €10,966,758 | €11,099,076 | +€132,318 | +1.2% |
| Amounts payable after more than one year | 17 | €7,166,857 | €7,253,129 | +€86,272 | +1.2% |
| Financial debts | 170/4 | €7,156,722 | €7,237,745 | +€81,023 | +1.1% |
| Other amounts payable | 178/9 | €10,135 | €15,384 | +€5,249 | +51.8% |
| Amounts payable within one year | 42/48 | €3,791,074 | €3,839,752 | +€48,678 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €544,386 | €614,501 | +€70,115 | +12.9% |
| Financial debts | 43 | €2,523,317 | €2,901,195 | +€377,878 | +15.0% |
| Credit institutions | 430/8 | €2,523,317 | €2,901,195 | +€377,878 | +15.0% |
| Trade debts | 44 | €375,701 | €250,399 | -€125,302 | -33.4% |
| Suppliers | 440/4 | €375,701 | €250,399 | -€125,302 | -33.4% |
| Taxes, remuneration and social security | 45 | €24,436 | €16,848 | -€7,588 | -31.1% |
| Taxes | 450/3 | €24,436 | €16,848 | -€7,588 | -31.1% |
| Other amounts payable | 47/48 | €323,233 | €56,808 | -€266,425 | -82.4% |
| Accrued charges and deferred income | 492/3 | €8,827 | €6,195 | -€2,632 | -29.8% |
| Non-recurring operating income | 76A | €47,742 | €377,750 | +€330,008 | +691.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426,065 | €507,870 | +€81,805 | +19.2% |
| Other operating charges | 640/8 | €81,418 | €98,203 | +€16,785 | +20.6% |
| Gross operating margin | 9900 | €713,322 | €982,956 | +€269,634 | +37.8% |
| Operating profit (loss) | 9901 | €205,840 | €376,883 | +€171,043 | +83.1% |
| Financial income | 75/76B | €1,213 | €7,221 | +€6,008 | +495.3% |
| Recurring financial income | 75 | €1,213 | €7,221 | +€6,008 | +495.3% |
| Financial charges | 65/66B | €293,114 | €340,627 | +€47,512 | +16.2% |
| Recurring financial charges | 65 | €293,114 | €340,627 | +€47,512 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€86,062 | €43,477 | +€129,539 | |
| Income taxes | 67/77 | €302 | - | -€302 | |
| Profit (loss) for the period | 9904 | -€86,363 | €43,477 | +€129,841 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,363 | €43,477 | +€129,841 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.