DAXON: 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.
DAXON
Largest movements
- Tangible fixed assets -€30,963
down €30,963 (-7.5%), from €415,072 to €384,109
of which Land and buildings: -€29,362
- Cash -€5,572
down €5,572 (-77.4%), from €7,202 to €1,630
mainly Debts after one year (-€38,529) and Other debts (-€21,685)
- Reserves +€40,647
up €40,647 (+19.1%), from €213,005 to €253,652
- Debts after one year -€38,529
down €38,529 (-37.2%), from €103,605 to €65,076
- Other debts -€21,685
down €21,685 (-35.6%), from €60,953 to €39,268
- Tax, wage and social debts -€7,529
down €7,529 (-59.1%), from €12,729 to €5,200
- Trade debts -€5,658
down €5,658 (-39.5%), from €14,333 to €8,675
- Gross operating margin +€8,667
up €8,667 (+7.8%), from €111,347 to €120,014
- Taxes +€2,760
up €2,760 (+16.8%), from €16,441 to €19,201
- Financial charges -€1,699
down €1,699 (-21.3%), from €7,971 to €6,272
- Other operating charges -€1,322
down €1,322 (-5.5%), from €24,031 to €22,708
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,570 | €390,471 | -€36,099 | -8.5% |
| Fixed assets | 21/28 | €416,272 | €385,309 | -€30,963 | -7.4% |
| Tangible fixed assets | 22/27 | €415,072 | €384,109 | -€30,963 | -7.5% |
| Land and buildings | 22 | €411,274 | €381,912 | -€29,362 | -7.1% |
| Furniture and vehicles | 24 | €3,798 | €2,197 | -€1,600 | -42.1% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €10,298 | €5,162 | -€5,136 | -49.9% |
| Amounts receivable within one year | 40/41 | - | €56 | +€56 | |
| Other amounts receivable | 41 | - | €56 | +€56 | |
| Cash at bank and in hand | 54/58 | €7,202 | €1,630 | -€5,572 | -77.4% |
| Deferred charges and accrued income | 490/1 | €3,096 | €3,476 | +€380 | +12.3% |
| Total equity and liabilities | 10/49 | €426,570 | €390,471 | -€36,099 | -8.5% |
| Equity | 10/15 | €231,605 | €272,252 | +€40,647 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,005 | €253,652 | +€40,647 | +19.1% |
| Distributable reserves | 133 | €213,005 | €253,652 | +€40,647 | +19.1% |
| Amounts payable | 17/49 | €194,965 | €118,219 | -€76,746 | -39.4% |
| Amounts payable after more than one year | 17 | €103,605 | €65,076 | -€38,529 | -37.2% |
| Financial debts | 170/4 | €103,605 | €65,076 | -€38,529 | -37.2% |
| Amounts payable within one year | 42/48 | €88,016 | €53,143 | -€34,873 | -39.6% |
| Trade debts | 44 | €14,333 | €8,675 | -€5,658 | -39.5% |
| Suppliers | 440/4 | €14,333 | €8,675 | -€5,658 | -39.5% |
| Taxes, remuneration and social security | 45 | €12,729 | €5,200 | -€7,529 | -59.1% |
| Taxes | 450/3 | €12,729 | €5,200 | -€7,529 | -59.1% |
| Other amounts payable | 47/48 | €60,953 | €39,268 | -€21,685 | -35.6% |
| Accrued charges and deferred income | 492/3 | €3,344 | - | -€3,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,456 | €31,185 | -€271 | -0.9% |
| Other operating charges | 640/8 | €24,031 | €22,708 | -€1,322 | -5.5% |
| Gross operating margin | 9900 | €111,347 | €120,014 | +€8,667 | +7.8% |
| Operating profit (loss) | 9901 | €55,860 | €66,120 | +€10,260 | +18.4% |
| Financial charges | 65/66B | €7,971 | €6,272 | -€1,699 | -21.3% |
| Recurring financial charges | 65 | €7,971 | €6,272 | -€1,699 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €47,889 | €59,848 | +€11,959 | +25.0% |
| Income taxes | 67/77 | €16,441 | €19,201 | +€2,760 | +16.8% |
| Profit (loss) for the period | 9904 | €31,448 | €40,647 | +€9,199 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,448 | €40,647 | +€9,199 | +29.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.