L'AXXESSOIRE: 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.
L'AXXESSOIRE
Largest movements
- Cash -€33,548
down €33,548 (-26.9%), from €124,876 to €91,329
mainly Contributions, distributions and other (-€23,284) and Accrued charges and deferred income (-€20,019)
- Tangible fixed assets -€20,774
down €20,774 (-25.3%), from €82,272 to €61,498
- Receivables within one year +€3,764
up €3,764 (+6.3%), from €59,961 to €63,725
of which Other amounts receivable: +€3,886
- Accrued charges and deferred income -€20,019
no longer reported in 2025 (was €20,019)
- Reserves -€16,488
down €16,488 (-10.4%), from €158,369 to €141,881
of which Distributable reserves: -€8,733
- Debts after one year -€9,380
down €9,380 (-34.6%), from €27,130 to €17,749
- Depreciation +€11,472
up €11,472 (+123%), from €9,302 to €20,774
- Taxes -€3,603
down €3,603 (-28.2%), from €12,760 to €9,157
- Financial income -€930
down €930 (-72.0%), from €1,291 to €361
- Gross operating margin -€742
down €742 (-2.1%), from €36,092 to €35,350
- Financial charges +€596
up €596 (+71.9%), from €829 to €1,425
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 | €268,464 | €218,428 | -€50,036 | -18.6% |
| Fixed assets | 21/28 | €82,272 | €61,498 | -€20,774 | -25.3% |
| Tangible fixed assets | 22/27 | €82,272 | €61,498 | -€20,774 | -25.3% |
| Furniture and vehicles | 24 | €82,272 | €61,498 | -€20,774 | -25.3% |
| Current assets | 29/58 | €186,191 | €156,930 | -€29,262 | -15.7% |
| Amounts receivable within one year | 40/41 | €59,961 | €63,725 | +€3,764 | +6.3% |
| Trade receivables | 40 | €772 | €650 | -€122 | -15.8% |
| Other amounts receivable | 41 | €59,189 | €63,075 | +€3,886 | +6.6% |
| Cash at bank and in hand | 54/58 | €124,876 | €91,329 | -€33,548 | -26.9% |
| Deferred charges and accrued income | 490/1 | €1,354 | €1,876 | +€522 | +38.6% |
| Total equity and liabilities | 10/49 | €268,464 | €218,428 | -€50,036 | -18.6% |
| Equity | 10/15 | €190,595 | €174,107 | -€16,488 | -8.7% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Capital | 10 | €32,226 | €32,226 | = | 0.0% |
| Issued capital | 100 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €158,369 | €141,881 | -€16,488 | -10.4% |
| Non-distributable reserves | 130/1 | €3,223 | €3,223 | = | 0.0% |
| Legal reserve | 130 | €3,223 | €3,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,286 | €17,531 | -€7,755 | -30.7% |
| Distributable reserves | 133 | €129,860 | €121,127 | -€8,733 | -6.7% |
| Provisions and deferred taxes | 16 | €4,397 | €1,812 | -€2,585 | -58.8% |
| Deferred taxes | 168 | €4,397 | €1,812 | -€2,585 | -58.8% |
| Amounts payable | 17/49 | €73,471 | €42,509 | -€30,962 | -42.1% |
| Amounts payable after more than one year | 17 | €27,130 | €17,749 | -€9,380 | -34.6% |
| Financial debts | 170/4 | €27,130 | €17,749 | -€9,380 | -34.6% |
| Amounts payable within one year | 42/48 | €26,323 | €24,760 | -€1,563 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €9,369 | €9,380 | +€12 | +0.1% |
| Trade debts | 44 | €4,205 | €3,330 | -€875 | -20.8% |
| Suppliers | 440/4 | €4,205 | €3,330 | -€875 | -20.8% |
| Taxes, remuneration and social security | 45 | €12,749 | €12,050 | -€699 | -5.5% |
| Taxes | 450/3 | €12,749 | €12,050 | -€699 | -5.5% |
| Accrued charges and deferred income | 492/3 | €20,019 | - | -€20,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,302 | €20,774 | +€11,472 | +123% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €36,092 | €35,350 | -€742 | -2.1% |
| Operating profit (loss) | 9901 | €26,650 | €14,432 | -€12,218 | -45.8% |
| Financial income | 75/76B | €1,291 | €361 | -€930 | -72.0% |
| Recurring financial income | 75 | €1,291 | €361 | -€930 | -72.0% |
| Financial charges | 65/66B | €829 | €1,425 | +€596 | +71.9% |
| Recurring financial charges | 65 | €829 | €1,425 | +€596 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €27,111 | €13,367 | -€13,744 | -50.7% |
| Transfer from deferred taxes | 780 | €3,942 | €2,585 | -€1,357 | -34.4% |
| Income taxes | 67/77 | €12,760 | €9,157 | -€3,603 | -28.2% |
| Profit (loss) for the period | 9904 | €18,293 | €6,796 | -€11,498 | -62.9% |
| Transfer from tax-exempt reserves | 789 | €10,169 | €7,755 | -€2,414 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,462 | €14,551 | -€13,911 | -48.9% |
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 16 October 2026 via checked.be.