AXYVER: 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.
AXYVER
Largest movements
- Tangible fixed assets -€151,903
down €151,903 (-77.5%), from €196,082 to €44,178
of which Other tangible fixed assets: -€150,240
- Cash -€4,501
down €4,501 (-57.5%), from €7,830 to €3,329
mainly Net result for the year (-€104,873) and Debts after one year (-€63,296)
- Deferred charges and accrued income -€3,528
down €3,528 (-100.0%), from €3,528 to €0
- Profit (loss) carried forward -€104,873
down €104,873 (-9.0%), from -€1.2m to -€1.3m
- Debts after one year -€63,296
down €63,296 (-7.3%), from €863,133 to €799,837
- Trade debts +€10,891
up €10,891 (+51.2%), from €21,268 to €32,159
- Gross operating margin -€24,226
down €24,226 (-21.3%), from €113,496 to €89,270
- Depreciation -€12,872
down €12,872 (-7.8%), from €164,775 to €151,903
- Other operating charges -€6,287
down €6,287 (-18.2%), from €34,559 to €28,272
- Financial charges +€3,187
up €3,187 (+29.6%), from €10,780 to €13,968
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 | €251,335 | €90,163 | -€161,173 | -64.1% |
| Fixed assets | 21/28 | €196,082 | €44,178 | -€151,903 | -77.5% |
| Tangible fixed assets | 22/27 | €196,082 | €44,178 | -€151,903 | -77.5% |
| Land and buildings | 22 | €8,282 | €6,618 | -€1,663 | -20.1% |
| Other tangible fixed assets | 26 | €187,800 | €37,560 | -€150,240 | -80.0% |
| Current assets | 29/58 | €55,254 | €45,984 | -€9,270 | -16.8% |
| Amounts receivable within one year | 40/41 | €43,896 | €42,656 | -€1,240 | -2.8% |
| Trade receivables | 40 | €41,055 | €29,010 | -€12,045 | -29.3% |
| Other amounts receivable | 41 | €2,841 | €13,645 | +€10,804 | +380.3% |
| Cash at bank and in hand | 54/58 | €7,830 | €3,329 | -€4,501 | -57.5% |
| Deferred charges and accrued income | 490/1 | €3,528 | €0 | -€3,528 | -100.0% |
| Total equity and liabilities | 10/49 | €251,335 | €90,163 | -€161,173 | -64.1% |
| Equity | 10/15 | -€1,118,075 | -€1,222,948 | -€104,873 | -9.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,168,075 | -€1,272,948 | -€104,873 | -9.0% |
| Amounts payable | 17/49 | €1,369,410 | €1,313,110 | -€56,300 | -4.1% |
| Amounts payable after more than one year | 17 | €863,133 | €799,837 | -€63,296 | -7.3% |
| Financial debts | 170/4 | €863,133 | €799,837 | -€63,296 | -7.3% |
| Amounts payable within one year | 42/48 | €506,278 | €513,273 | +€6,996 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €67,610 | €65,356 | -€2,254 | -3.3% |
| Trade debts | 44 | €21,268 | €32,159 | +€10,891 | +51.2% |
| Suppliers | 440/4 | €21,268 | €32,159 | +€10,891 | +51.2% |
| Taxes, remuneration and social security | 45 | €5,426 | €5,426 | = | 0.0% |
| Taxes | 450/3 | €5,426 | €5,426 | = | 0.0% |
| Other amounts payable | 47/48 | €411,974 | €410,332 | -€1,641 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,775 | €151,903 | -€12,872 | -7.8% |
| Other operating charges | 640/8 | €34,559 | €28,272 | -€6,287 | -18.2% |
| Gross operating margin | 9900 | €113,496 | €89,270 | -€24,226 | -21.3% |
| Operating profit (loss) | 9901 | -€85,838 | -€90,905 | -€5,067 | -5.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,780 | €13,968 | +€3,187 | +29.6% |
| Recurring financial charges | 65 | €10,780 | €13,968 | +€3,187 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | -€96,618 | -€104,873 | -€8,255 | -8.5% |
| Profit (loss) for the period | 9904 | -€96,618 | -€104,873 | -€8,255 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,618 | -€104,873 | -€8,255 | -8.5% |
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 29 September 2026 via checked.be.