AXZON: 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.
AXZON
Largest movements
- Cash +€97,741
up €97,741 (+66.0%), from €148,201 to €245,943
mainly Net result for the year (+€268,854) and Other debts (+€218,929)
- Receivables within one year +€13,397
up €13,397 (+3.3%), from €408,967 to €422,364
of which Trade receivables: +€39,053
- Other debts +€218,929
up €218,929 (+104%), from €211,071 to €430,000
- Tax, wage and social debts -€72,664
down €72,664 (-58.7%), from €123,831 to €51,166
- Debts after one year -€20,118
down €20,118 (-63.9%), from €31,467 to €11,349
- Profit (loss) carried forward +€18,854
up €18,854 (+28.1%), from €67,092 to €85,946
- Accrued charges and deferred income -€12,115
down €12,115 (-100%), from €12,115 to €0
- Gross operating margin +€86,900
up €86,900 (+33.7%), from €258,034 to €344,934
- Taxes +€31,273
up €31,273 (+51.8%), from €60,394 to €91,666
- Financial income +€21,268
up €21,268, from €0 to €21,268
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.
Derived cash bridge
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 | €557,168 | €672,031 | +€114,862 | +20.6% |
| Current assets | 29/58 | €557,168 | €672,031 | +€114,862 | +20.6% |
| Amounts receivable within one year | 40/41 | €408,967 | €422,364 | +€13,397 | +3.3% |
| Trade receivables | 40 | €14,245 | €53,299 | +€39,053 | +274% |
| Other amounts receivable | 41 | €394,722 | €369,065 | -€25,657 | -6.5% |
| Cash at bank and in hand | 54/58 | €148,201 | €245,943 | +€97,741 | +66.0% |
| Deferred charges and accrued income | 490/1 | €0 | €3,724 | +€3,724 | |
| Total equity and liabilities | 10/49 | €557,168 | €672,031 | +€114,862 | +20.6% |
| Equity | 10/15 | €134,742 | €153,596 | +€18,854 | +14.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,092 | €85,946 | +€18,854 | +28.1% |
| Amounts payable | 17/49 | €422,426 | €518,435 | +€96,008 | +22.7% |
| Amounts payable after more than one year | 17 | €31,467 | €11,349 | -€20,118 | -63.9% |
| Financial debts | 170/4 | €31,467 | €11,349 | -€20,118 | -63.9% |
| Amounts payable within one year | 42/48 | €378,845 | €507,086 | +€128,241 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €29,827 | €20,118 | -€9,709 | -32.6% |
| Trade debts | 44 | €14,116 | €5,802 | -€8,314 | -58.9% |
| Suppliers | 440/4 | €14,116 | €5,802 | -€8,314 | -58.9% |
| Taxes, remuneration and social security | 45 | €123,831 | €51,166 | -€72,664 | -58.7% |
| Taxes | 450/3 | €123,831 | €51,166 | -€72,664 | -58.7% |
| Other amounts payable | 47/48 | €211,071 | €430,000 | +€218,929 | +104% |
| Accrued charges and deferred income | 492/3 | €12,115 | €0 | -€12,115 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,218 | €528 | -€690 | -56.7% |
| Gross operating margin | 9900 | €258,034 | €344,934 | +€86,900 | +33.7% |
| Operating profit (loss) | 9901 | €256,816 | €344,406 | +€87,589 | +34.1% |
| Financial income | 75/76B | €0 | €21,268 | +€21,268 | |
| Recurring financial income | 75 | €0 | €21,268 | +€21,268 | |
| Financial charges | 65/66B | €5,975 | €5,153 | -€821 | -13.7% |
| Recurring financial charges | 65 | €5,975 | €5,153 | -€821 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €250,842 | €360,520 | +€109,679 | +43.7% |
| Income taxes | 67/77 | €60,394 | €91,666 | +€31,273 | +51.8% |
| Profit (loss) for the period | 9904 | €190,448 | €268,854 | +€78,406 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €190,448 | €268,854 | +€78,406 | +41.2% |
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 16 October 2026 via checked.be.