AXONE: what changed
AXONE
Largest movements
- Receivables within one year +€50,913
up €50,913 (+43.8%), from €116,182 to €167,095
of which Trade receivables: +€48,347
- Tangible fixed assets -€16,612
down €16,612 (-10.0%), from €166,661 to €150,049
of which Land and buildings: -€9,640
- Cash -€7,519
down €7,519 (-17.9%), from €42,113 to €34,594
mainly Receivables within one year (-€50,913) and Debts after one year (-€24,526)
- Profit (loss) carried forward +€42,638
up €42,638, from -€25,634 to €17,004
- Debts after one year -€24,526
down €24,526 (-18.6%), from €132,082 to €107,555
of which Financial debts: -€24,526
- Trade debts +€4,873
up €4,873 (+7.9%), from €61,768 to €66,641
- Tax, wage and social debts +€4,769
up €4,769 (+63.0%), from €7,575 to €12,344
- Gross operating margin +€41,406
up €41,406 (+97.0%), from €42,669 to €84,074
- Taxes +€10,530
up €10,530 (+553%), from €1,904 to €12,434
- Other operating charges +€1,592
up €1,592 (+25.6%), from €6,220 to €7,812
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,020 | €355,587 | +€26,566 | +8.1% |
| Fixed assets | 21/28 | €166,661 | €150,049 | -€16,612 | -10.0% |
| Tangible fixed assets | 22/27 | €166,661 | €150,049 | -€16,612 | -10.0% |
| Land and buildings | 22 | €140,565 | €130,925 | -€9,640 | -6.9% |
| Plant, machinery and equipment | 23 | €483 | €322 | -€161 | -33.3% |
| Furniture and vehicles | 24 | €25,613 | €18,802 | -€6,811 | -26.6% |
| Current assets | 29/58 | €162,359 | €205,538 | +€43,178 | +26.6% |
| Amounts receivable within one year | 40/41 | €116,182 | €167,095 | +€50,913 | +43.8% |
| Trade receivables | 40 | €108,131 | €156,478 | +€48,347 | +44.7% |
| Other amounts receivable | 41 | €8,051 | €10,617 | +€2,566 | +31.9% |
| Current investments | 50/53 | €2,140 | €2,156 | +€17 | +0.8% |
| Cash at bank and in hand | 54/58 | €42,113 | €34,594 | -€7,519 | -17.9% |
| Deferred charges and accrued income | 490/1 | €1,924 | €1,692 | -€232 | -12.1% |
| Total equity and liabilities | 10/49 | €329,020 | €355,587 | +€26,566 | +8.1% |
| Equity | 10/15 | €10,666 | €53,304 | +€42,638 | +400% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,300 | €11,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,634 | €17,004 | +€42,638 | |
| Amounts payable | 17/49 | €318,354 | €302,283 | -€16,071 | -5.0% |
| Amounts payable after more than one year | 17 | €132,082 | €107,555 | -€24,526 | -18.6% |
| Financial debts | 170/4 | €130,482 | €105,955 | -€24,526 | -18.8% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €186,272 | €194,727 | +€8,455 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €23,882 | €24,526 | +€644 | +2.7% |
| Trade debts | 44 | €61,768 | €66,641 | +€4,873 | +7.9% |
| Suppliers | 440/4 | €61,768 | €66,641 | +€4,873 | +7.9% |
| Taxes, remuneration and social security | 45 | €7,575 | €12,344 | +€4,769 | +63.0% |
| Taxes | 450/3 | €7,575 | €12,344 | +€4,769 | +63.0% |
| Other amounts payable | 47/48 | €93,048 | €91,217 | -€1,831 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,315 | €16,612 | +€297 | +1.8% |
| Other operating charges | 640/8 | €6,220 | €7,812 | +€1,592 | +25.6% |
| Gross operating margin | 9900 | €42,669 | €84,074 | +€41,406 | +97.0% |
| Operating profit (loss) | 9901 | €20,134 | €59,651 | +€39,517 | +196% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €5,203 | €4,579 | -€624 | -12.0% |
| Recurring financial charges | 65 | €5,203 | €4,579 | -€624 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €14,934 | €55,072 | +€40,139 | +269% |
| Income taxes | 67/77 | €1,904 | €12,434 | +€10,530 | +553% |
| Profit (loss) for the period | 9904 | €13,029 | €42,638 | +€29,608 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €13,029 | €42,638 | +€29,608 | +227% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.