Axyom Projects: 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.
Axyom Projects
Largest movements
- Deferred charges and accrued income +€47,527
up €47,527 (+222.5%), from €21,363 to €68,890
- Tangible fixed assets -€22,460
down €22,460 (-21.4%), from €105,169 to €82,709
of which Furniture and vehicles: -€22,008
- Receivables within one year -€10,791
down €10,791 (-6.1%), from €177,821 to €167,030
of which Trade receivables: -€22,673
- Cash -€7,831
down €7,831 (-5.6%), from €138,685 to €130,854
mainly Deferred charges and accrued income (-€47,527) and Net result for the year (-€24,546)
- Trade debts +€40,607
up €40,607 (+210.1%), from €19,330 to €59,937
- Profit (loss) carried forward -€24,546
down €24,546, from €15,864 to -€8,682
- Tax, wage and social debts -€15,029
down €15,029 (-11.1%), from €135,425 to €120,396
of which Remuneration and social security: -€13,354
- Debts after one year -€11,640
down €11,640 (-19.4%), from €59,973 to €48,333
- Accrued charges and deferred income +€10,855
new in 2025: €10,855
- Gross operating margin -€146,329
down €146,329 (-16.4%), from €894,083 to €747,754
- Turnover -€139,384
down €139,384 (-10.6%), from €1.3m to €1.2m
- Staff costs -€46,200
down €46,200 (-6.1%), from €756,662 to €710,462
- Taxes -€24,239
down €24,239 (-98.4%), from €24,637 to €398
- Other operating charges +€16,332
up €16,332 (+416.5%), from €3,921 to €20,253
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 | €443,038 | €449,483 | +€6,445 | +1.5% |
| Fixed assets | 21/28 | €105,169 | €82,709 | -€22,460 | -21.4% |
| Tangible fixed assets | 22/27 | €105,169 | €82,709 | -€22,460 | -21.4% |
| Plant, machinery and equipment | 23 | €1,298 | €846 | -€452 | -34.8% |
| Furniture and vehicles | 24 | €103,871 | €81,863 | -€22,008 | -21.2% |
| Current assets | 29/58 | €337,869 | €366,774 | +€28,905 | +8.6% |
| Amounts receivable within one year | 40/41 | €177,821 | €167,030 | -€10,791 | -6.1% |
| Trade receivables | 40 | €172,821 | €150,148 | -€22,673 | -13.1% |
| Other amounts receivable | 41 | €5,000 | €16,882 | +€11,882 | +237.6% |
| Cash at bank and in hand | 54/58 | €138,685 | €130,854 | -€7,831 | -5.6% |
| Deferred charges and accrued income | 490/1 | €21,363 | €68,890 | +€47,527 | +222.5% |
| Total equity and liabilities | 10/49 | €443,038 | €449,483 | +€6,445 | +1.5% |
| Equity | 10/15 | €191,015 | €166,469 | -€24,546 | -12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €168,951 | €168,951 | = | 0.0% |
| Distributable reserves | 133 | €168,951 | €168,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,864 | -€8,682 | -€24,546 | |
| Amounts payable | 17/49 | €252,023 | €283,014 | +€30,991 | +12.3% |
| Amounts payable after more than one year | 17 | €59,973 | €48,333 | -€11,640 | -19.4% |
| Financial debts | 170/4 | €59,973 | €48,333 | -€11,640 | -19.4% |
| Amounts payable within one year | 42/48 | €192,050 | €223,826 | +€31,776 | +16.5% |
| Financial debts | 43 | €37,295 | €43,493 | +€6,198 | +16.6% |
| Credit institutions | 430/8 | €37,295 | €43,493 | +€6,198 | +16.6% |
| Trade debts | 44 | €19,330 | €59,937 | +€40,607 | +210.1% |
| Suppliers | 440/4 | €19,330 | €59,937 | +€40,607 | +210.1% |
| Taxes, remuneration and social security | 45 | €135,425 | €120,396 | -€15,029 | -11.1% |
| Taxes | 450/3 | €49,330 | €47,655 | -€1,675 | -3.4% |
| Remuneration and social security | 454/9 | €86,095 | €72,741 | -€13,354 | -15.5% |
| Accrued charges and deferred income | 492/3 | - | €10,855 | +€10,855 | |
| Turnover | 70 | €1,313,138 | €1,173,754 | -€139,384 | -10.6% |
| Non-recurring operating income | 76A | €156 | €30,837 | +€30,681 | +19667.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €430,077 | €427,447 | -€2,630 | -0.6% |
| Remuneration, social security and pensions | 62 | €756,662 | €710,462 | -€46,200 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,550 | €27,340 | -€11,210 | -29.1% |
| Other operating charges | 640/8 | €3,921 | €20,253 | +€16,332 | +416.5% |
| Gross operating margin | 9900 | €894,083 | €747,754 | -€146,329 | -16.4% |
| Operating profit (loss) | 9901 | €94,950 | -€10,301 | -€105,251 | |
| Financial income | 75/76B | €1,910 | €1,822 | -€88 | -4.6% |
| Recurring financial income | 75 | €1,910 | €1,822 | -€88 | -4.6% |
| Financial charges | 65/66B | €8,647 | €15,669 | +€7,022 | +81.2% |
| Recurring financial charges | 65 | €8,647 | €15,669 | +€7,022 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €88,213 | -€24,148 | -€112,361 | |
| Income taxes | 67/77 | €24,637 | €398 | -€24,239 | -98.4% |
| Profit (loss) for the period | 9904 | €63,576 | -€24,546 | -€88,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,576 | -€24,546 | -€88,122 |
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 12 October 2026 via checked.be.