GROEP A.X.: 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.
GROEP A.X.
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+84.3%), from €1.3m to €2.4m
- Other debts +€3.2m
up €3.2m (+1,365%), from €236,070 to €3.5m
- Short-term financial debts -€2.7m
down €2.7m (-100%), from €2.7m to €0
- Debts after one year +€452,398
up €452,398 (+8.4%), from €5.4m to €5.8m
- Reserves -€263,359
down €263,359 (-47.4%), from €556,016 to €292,657
- Accrued charges and deferred income +€175,058
up €175,058 (+116%), from €151,035 to €326,093
- Financial income -€780,000
down €780,000 (-100%), from €780,000 to €0
- Financial charges -€48,628
down €48,628 (-9.0%), from €539,589 to €490,961
- Depreciation +€35,904
up €35,904 (+107%), from €33,567 to €69,471
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 | €10,975,292 | €11,986,766 | +€1.0m | +9.2% |
| Fixed assets | 21/28 | €10,060,828 | €11,138,415 | +€1.1m | +10.7% |
| Tangible fixed assets | 22/27 | €1,278,806 | €2,356,394 | +€1.1m | +84.3% |
| Land and buildings | 22 | €1,278,806 | €2,356,394 | +€1.1m | +84.3% |
| Financial fixed assets | 28 | €8,782,022 | €8,782,022 | = | 0.0% |
| Current assets | 29/58 | €914,464 | €848,350 | -€66,114 | -7.2% |
| Stocks and contracts in progress | 3 | €745,409 | €745,409 | = | 0.0% |
| Stocks | 30/36 | €745,409 | €745,409 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,871 | €65,860 | -€42,010 | -38.9% |
| Trade receivables | 40 | €105,142 | €65,860 | -€39,281 | -37.4% |
| Other amounts receivable | 41 | €2,729 | €0 | -€2,729 | -100% |
| Cash at bank and in hand | 54/58 | €61,184 | €37,081 | -€24,103 | -39.4% |
| Total equity and liabilities | 10/49 | €10,975,292 | €11,986,766 | +€1.0m | +9.2% |
| Equity | 10/15 | €871,016 | €607,657 | -€263,359 | -30.2% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €556,016 | €292,657 | -€263,359 | -47.4% |
| Distributable reserves | 133 | €556,016 | €292,657 | -€263,359 | -47.4% |
| Amounts payable | 17/49 | €10,104,276 | €11,379,108 | +€1.3m | +12.6% |
| Amounts payable after more than one year | 17 | €5,370,000 | €5,822,398 | +€452,398 | +8.4% |
| Financial debts | 170/4 | €5,370,000 | €5,822,398 | +€452,398 | +8.4% |
| Amounts payable within one year | 42/48 | €4,583,241 | €5,230,617 | +€647,377 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €1,635,000 | €1,672,602 | +€37,602 | +2.3% |
| Financial debts | 43 | €2,690,000 | €0 | -€2.7m | -100% |
| Credit institutions | 430/8 | €2,690,000 | €0 | -€2.7m | -100% |
| Trade debts | 44 | €22,171 | €78,348 | +€56,177 | +253% |
| Suppliers | 440/4 | €22,171 | €78,348 | +€56,177 | +253% |
| Taxes, remuneration and social security | 45 | €0 | €20,165 | +€20,165 | |
| Taxes | 450/3 | €0 | €20,165 | +€20,165 | |
| Other amounts payable | 47/48 | €236,070 | €3,459,503 | +€3.2m | +1,365% |
| Accrued charges and deferred income | 492/3 | €151,035 | €326,093 | +€175,058 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,567 | €69,471 | +€35,904 | +107% |
| Other operating charges | 640/8 | €13,960 | €14,523 | +€563 | +4.0% |
| Gross operating margin | 9900 | €314,548 | €311,595 | -€2,952 | -0.9% |
| Operating profit (loss) | 9901 | €267,021 | €227,601 | -€39,419 | -14.8% |
| Financial income | 75/76B | €780,000 | €0 | -€780,000 | -100% |
| Recurring financial income | 75 | €780,000 | €0 | -€780,000 | -100% |
| Financial charges | 65/66B | €539,589 | €490,961 | -€48,628 | -9.0% |
| Recurring financial charges | 65 | €539,589 | €490,961 | -€48,628 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €507,432 | -€263,359 | -€770,791 | |
| Profit (loss) for the period | 9904 | €507,432 | -€263,359 | -€770,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €507,432 | -€263,359 | -€770,791 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.