AXBRO: 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.
AXBRO
Largest movements
- Cash +€26,183
up €26,183 (+91.4%), from €28,642 to €54,826
mainly Net result for the year (+€27,627) and Depreciation (+€5,761)
- Stocks and contracts +€16,203
up €16,203 (+16.2%), from €99,777 to €115,980
- Tangible fixed assets -€5,761
down €5,761 (-34.6%), from €16,655 to €10,895
of which Furniture and vehicles: -€3,494
- Receivables within one year -€1,842
down €1,842 (-63.3%), from €2,912 to €1,069
- Reserves +€15,000
up €15,000 (+55.4%), from €27,087 to €42,087
of which Distributable reserves: +€15,000
- Profit (loss) carried forward +€7,627
up €7,627 (+10.6%), from €71,815 to €79,441
- Tax, wage and social debts +€5,618
up €5,618 (+30.8%), from €18,235 to €23,852
- Other debts +€4,116
up €4,116 (+70.2%), from €5,860 to €9,975
- Gross operating margin +€13,101
up €13,101 (+45.1%), from €29,072 to €42,173
- Taxes +€1,675
up €1,675 (+25.8%), from €6,489 to €8,164
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 | €148,917 | €183,074 | +€34,157 | +22.9% |
| Fixed assets | 21/28 | €16,885 | €11,125 | -€5,761 | -34.1% |
| Tangible fixed assets | 22/27 | €16,655 | €10,895 | -€5,761 | -34.6% |
| Land and buildings | 22 | €4,084 | €2,774 | -€1,310 | -32.1% |
| Plant, machinery and equipment | 23 | €2,459 | €1,502 | -€957 | -38.9% |
| Furniture and vehicles | 24 | €10,112 | €6,618 | -€3,494 | -34.6% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €132,031 | €171,949 | +€39,918 | +30.2% |
| Stocks and contracts in progress | 3 | €99,777 | €115,980 | +€16,203 | +16.2% |
| Stocks | 30/36 | €99,777 | €115,980 | +€16,203 | +16.2% |
| Amounts receivable within one year | 40/41 | €2,912 | €1,069 | -€1,842 | -63.3% |
| Other amounts receivable | 41 | €2,912 | €1,069 | -€1,842 | -63.3% |
| Cash at bank and in hand | 54/58 | €28,642 | €54,826 | +€26,183 | +91.4% |
| Deferred charges and accrued income | 490/1 | €700 | €74 | -€626 | -89.4% |
| Total equity and liabilities | 10/49 | €148,917 | €183,074 | +€34,157 | +22.9% |
| Equity | 10/15 | €117,902 | €140,529 | +€22,627 | +19.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €27,087 | €42,087 | +€15,000 | +55.4% |
| Tax-exempt reserves | 132 | €187 | €187 | = | 0.0% |
| Distributable reserves | 133 | €26,900 | €41,900 | +€15,000 | +55.8% |
| Profit (loss) carried forward | 14 | €71,815 | €79,441 | +€7,627 | +10.6% |
| Amounts payable | 17/49 | €31,015 | €42,545 | +€11,530 | +37.2% |
| Amounts payable within one year | 42/48 | €31,015 | €42,545 | +€11,530 | +37.2% |
| Financial debts | 43 | €2,951 | €2,939 | -€12 | -0.4% |
| Credit institutions | 430/8 | €2,951 | €2,939 | -€12 | -0.4% |
| Trade debts | 44 | €3,970 | €5,778 | +€1,808 | +45.6% |
| Suppliers | 440/4 | €3,970 | €5,778 | +€1,808 | +45.6% |
| Taxes, remuneration and social security | 45 | €18,235 | €23,852 | +€5,618 | +30.8% |
| Taxes | 450/3 | €18,235 | €23,852 | +€5,618 | +30.8% |
| Other amounts payable | 47/48 | €5,860 | €9,975 | +€4,116 | +70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,509 | €5,761 | +€252 | +4.6% |
| Other operating charges | 640/8 | €176 | €128 | -€48 | -27.3% |
| Gross operating margin | 9900 | €29,072 | €42,173 | +€13,101 | +45.1% |
| Operating profit (loss) | 9901 | €23,387 | €36,284 | +€12,897 | +55.1% |
| Financial income | 75/76B | €185 | €1 | -€184 | -99.5% |
| Recurring financial income | 75 | €185 | €1 | -€184 | -99.5% |
| Financial charges | 65/66B | €452 | €494 | +€42 | +9.2% |
| Recurring financial charges | 65 | €452 | €494 | +€42 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €23,120 | €35,791 | +€12,671 | +54.8% |
| Income taxes | 67/77 | €6,489 | €8,164 | +€1,675 | +25.8% |
| Profit (loss) for the period | 9904 | €16,631 | €27,627 | +€10,996 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,631 | €27,627 | +€10,996 | +66.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.