IMMO AXXES: 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.
IMMO AXXES
Largest movements
- Cash -€579,550
down €579,550 (-89.1%), from €650,390 to €70,840
mainly Other debts (-€900,000) and Tax, wage and social debts (-€10,682)
- Tangible fixed assets -€143,855
down €143,855 (-5.8%), from €2.5m to €2.3m
of which Land and buildings: -€143,219
- Other debts -€900,000
down €900,000 (-90.0%), from €1.0m to €100,000
- Profit (loss) carried forward +€156,331
up €156,331 (+19.1%), from €819,453 to €975,784
- Gross operating margin +€25,548
up €25,548 (+7.3%), from €349,428 to €374,976
- Taxes +€6,318
up €6,318 (+13.8%), from €45,792 to €52,110
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,213,127 | €2,458,781 | -€754,345 | -23.5% |
| Fixed assets | 21/28 | €2,473,358 | €2,329,503 | -€143,855 | -5.8% |
| Tangible fixed assets | 22/27 | €2,473,358 | €2,329,503 | -€143,855 | -5.8% |
| Land and buildings | 22 | €2,471,523 | €2,328,303 | -€143,219 | -5.8% |
| Plant, machinery and equipment | 23 | €1,835 | €1,199 | -€636 | -34.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €739,769 | €129,279 | -€610,490 | -82.5% |
| Amounts receivable within one year | 40/41 | €377 | €762 | +€385 | +102.1% |
| Trade receivables | 40 | €377 | €762 | +€385 | +102.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €650,390 | €70,840 | -€579,550 | -89.1% |
| Deferred charges and accrued income | 490/1 | €89,001 | €57,676 | -€31,325 | -35.2% |
| Total equity and liabilities | 10/49 | €3,213,127 | €2,458,781 | -€754,345 | -23.5% |
| Equity | 10/15 | €2,194,453 | €2,350,784 | +€156,331 | +7.1% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,000 | €125,000 | = | 0.0% |
| Legal reserve | 130 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €819,453 | €975,784 | +€156,331 | +19.1% |
| Amounts payable | 17/49 | €1,018,674 | €107,997 | -€910,677 | -89.4% |
| Amounts payable after more than one year | 17 | €7,504 | €7,504 | = | 0.0% |
| Other amounts payable | 178/9 | €7,504 | €7,504 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,011,169 | €100,493 | -€910,677 | -90.1% |
| Trade debts | 44 | €377 | €382 | +€5 | +1.3% |
| Suppliers | 440/4 | €377 | €382 | +€5 | +1.3% |
| Taxes, remuneration and social security | 45 | €10,792 | €110 | -€10,682 | -99.0% |
| Taxes | 450/3 | €10,792 | €110 | -€10,682 | -99.0% |
| Other amounts payable | 47/48 | €1,000,000 | €100,000 | -€900,000 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,378 | €143,855 | -€522 | -0.4% |
| Other operating charges | 640/8 | €21,858 | €22,650 | +€792 | +3.6% |
| Gross operating margin | 9900 | €349,428 | €374,976 | +€25,548 | +7.3% |
| Operating profit (loss) | 9901 | €183,192 | €208,470 | +€25,278 | +13.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €183,168 | €208,442 | +€25,274 | +13.8% |
| Income taxes | 67/77 | €45,792 | €52,110 | +€6,318 | +13.8% |
| Profit (loss) for the period | 9904 | €137,376 | €156,331 | +€18,955 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,376 | €156,331 | +€18,955 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.