DAXE: 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.
DAXE
Largest movements
- Receivables within one year +€13,245
up €13,245 (+58.6%), from €22,607 to €35,852
of which Other amounts receivable: +€8,204
- Tangible fixed assets -€5,105
down €5,105 (-17.3%), from €29,512 to €24,407
of which Other tangible fixed assets: -€3,726
- Tax, wage and social debts +€8,266
up €8,266 (+64.3%), from €12,859 to €21,125
of which Remuneration and social security: +€4,500
- Trade debts +€5,151
up €5,151 (+76.0%), from €6,780 to €11,931
- Profit (loss) carried forward -€4,486
down €4,486 (-19.3%), from -€23,229 to -€27,715
- Gross operating margin -€5,418
down €5,418 (-23.0%), from €23,544 to €18,126
- Financial charges -€1,305
down €1,305 (-14.4%), from €9,068 to €7,762
- Other operating charges +€672
up €672 (+101%), from €665 to €1,337
- Financial income +€236
up €236 (+298%), from €79 to €315
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,119 | €60,259 | +€8,140 | +15.6% |
| Fixed assets | 21/28 | €29,512 | €24,407 | -€5,105 | -17.3% |
| Tangible fixed assets | 22/27 | €29,512 | €24,407 | -€5,105 | -17.3% |
| Plant, machinery and equipment | 23 | €1,351 | €431 | -€920 | -68.1% |
| Furniture and vehicles | 24 | €3,174 | €2,715 | -€459 | -14.5% |
| Other tangible fixed assets | 26 | €24,988 | €21,261 | -€3,726 | -14.9% |
| Current assets | 29/58 | €22,607 | €35,852 | +€13,245 | +58.6% |
| Amounts receivable within one year | 40/41 | €22,607 | €35,852 | +€13,245 | +58.6% |
| Trade receivables | 40 | €19,125 | €24,166 | +€5,041 | +26.4% |
| Other amounts receivable | 41 | €3,482 | €11,686 | +€8,204 | +236% |
| Total equity and liabilities | 10/49 | €52,119 | €60,259 | +€8,140 | +15.6% |
| Equity | 10/15 | €17,338 | €12,851 | -€4,486 | -25.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €40,466 | €40,466 | = | 0.0% |
| Distributable reserves | 133 | €40,466 | €40,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,229 | -€27,715 | -€4,486 | -19.3% |
| Amounts payable | 17/49 | €34,782 | €47,408 | +€12,626 | +36.3% |
| Amounts payable after more than one year | 17 | €536 | - | -€536 | |
| Financial debts | 170/4 | €536 | - | -€536 | |
| Amounts payable within one year | 42/48 | €34,245 | €47,408 | +€13,163 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €1,028 | €536 | -€491 | -47.8% |
| Financial debts | 43 | €13,579 | €13,816 | +€237 | +1.7% |
| Credit institutions | 430/8 | €13,579 | €13,816 | +€237 | +1.7% |
| Trade debts | 44 | €6,780 | €11,931 | +€5,151 | +76.0% |
| Suppliers | 440/4 | €6,780 | €11,931 | +€5,151 | +76.0% |
| Taxes, remuneration and social security | 45 | €12,859 | €21,125 | +€8,266 | +64.3% |
| Taxes | 450/3 | €12,859 | €16,625 | +€3,766 | +29.3% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | €8,524 | -€211 | -2.4% |
| Other operating charges | 640/8 | €665 | €1,337 | +€672 | +101% |
| Gross operating margin | 9900 | €23,544 | €18,126 | -€5,418 | -23.0% |
| Operating profit (loss) | 9901 | €14,144 | €8,266 | -€5,878 | -41.6% |
| Financial income | 75/76B | €79 | €315 | +€236 | +298% |
| Recurring financial income | 75 | €79 | €315 | +€236 | +298% |
| Financial charges | 65/66B | €9,068 | €7,762 | -€1,305 | -14.4% |
| Recurring financial charges | 65 | €9,068 | €7,762 | -€1,305 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €5,155 | €818 | -€4,337 | -84.1% |
| Income taxes | 67/77 | €5,169 | €5,305 | +€136 | +2.6% |
| Profit (loss) for the period | 9904 | -€14 | -€4,486 | -€4,473 | -32,911% |
| Profit (loss) for the period to be appropriated | 9905 | -€14 | -€4,486 | -€4,473 | -32,911% |
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 25 October 2026 via checked.be.