AXXIO: 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.
AXXIO
Largest movements
- Receivables within one year -€30,204
down €30,204 (-46.0%), from €65,632 to €35,427
of which Trade receivables: -€42,988
- Cash +€21,016
up €21,016 (+7.6%), from €276,020 to €297,035
mainly Net result for the year (+€39,775) and Receivables within one year (+€30,204)
- Deferred charges and accrued income -€14,382
down €14,382 (-33.3%), from €43,199 to €28,817
- Tangible fixed assets -€13,791
down €13,791 (-10.3%), from €134,410 to €120,619
of which Land and buildings: -€12,843
- Reserves -€44,226
down €44,226 (-22.1%), from €200,290 to €156,064
- Other debts +€27,763
up €27,763 (+49.4%), from €56,238 to €84,000
- Tax, wage and social debts -€12,098
down €12,098 (-53.2%), from €22,738 to €10,639
of which Taxes: -€8,260
- Trade debts -€8,800
down €8,800 (-44.3%), from €19,864 to €11,064
- Gross operating margin -€51,669
down €51,669 (-38.8%), from €133,316 to €81,647
- Taxes -€12,509
down €12,509 (-40.3%), from €31,005 to €18,496
- Depreciation -€2,850
down €2,850 (-12.1%), from €23,542 to €20,692
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 | €519,260 | €481,898 | -€37,361 | -7.2% |
| Fixed assets | 21/28 | €134,410 | €120,619 | -€13,791 | -10.3% |
| Tangible fixed assets | 22/27 | €134,410 | €120,619 | -€13,791 | -10.3% |
| Land and buildings | 22 | €113,912 | €101,068 | -€12,843 | -11.3% |
| Furniture and vehicles | 24 | €15,924 | €11,404 | -€4,520 | -28.4% |
| Other tangible fixed assets | 26 | €4,574 | €8,147 | +€3,572 | +78.1% |
| Current assets | 29/58 | €384,850 | €361,280 | -€23,570 | -6.1% |
| Amounts receivable within one year | 40/41 | €65,632 | €35,427 | -€30,204 | -46.0% |
| Trade receivables | 40 | €60,997 | €18,009 | -€42,988 | -70.5% |
| Other amounts receivable | 41 | €4,635 | €17,418 | +€12,784 | +276% |
| Cash at bank and in hand | 54/58 | €276,020 | €297,035 | +€21,016 | +7.6% |
| Deferred charges and accrued income | 490/1 | €43,199 | €28,817 | -€14,382 | -33.3% |
| Total equity and liabilities | 10/49 | €519,260 | €481,898 | -€37,361 | -7.2% |
| Equity | 10/15 | €420,421 | €376,195 | -€44,225 | -10.5% |
| Contributions | 10/11 | €177,501 | €177,501 | = | 0.0% |
| Reserves | 13 | €200,290 | €156,064 | -€44,226 | -22.1% |
| Distributable reserves | 133 | €200,290 | €156,064 | -€44,226 | -22.1% |
| Profit (loss) carried forward | 14 | €42,630 | €42,631 | +€1 | 0.0% |
| Amounts payable | 17/49 | €98,839 | €105,703 | +€6,864 | +6.9% |
| Amounts payable within one year | 42/48 | €98,839 | €105,703 | +€6,864 | +6.9% |
| Trade debts | 44 | €19,864 | €11,064 | -€8,800 | -44.3% |
| Suppliers | 440/4 | €19,864 | €11,064 | -€8,800 | -44.3% |
| Taxes, remuneration and social security | 45 | €22,738 | €10,639 | -€12,098 | -53.2% |
| Taxes | 450/3 | €14,238 | €5,977 | -€8,260 | -58.0% |
| Remuneration and social security | 454/9 | €8,500 | €4,662 | -€3,838 | -45.2% |
| Other amounts payable | 47/48 | €56,238 | €84,000 | +€27,763 | +49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,542 | €20,692 | -€2,850 | -12.1% |
| Other operating charges | 640/8 | €2,341 | €2,626 | +€285 | +12.2% |
| Gross operating margin | 9900 | €133,316 | €81,647 | -€51,669 | -38.8% |
| Operating profit (loss) | 9901 | €107,433 | €58,328 | -€49,104 | -45.7% |
| Financial income | 75/76B | €36 | €134 | +€99 | +276% |
| Recurring financial income | 75 | €36 | €134 | +€99 | +276% |
| Financial charges | 65/66B | €170 | €192 | +€21 | +12.6% |
| Recurring financial charges | 65 | €170 | €192 | +€21 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €107,298 | €58,271 | -€49,027 | -45.7% |
| Income taxes | 67/77 | €31,005 | €18,496 | -€12,509 | -40.3% |
| Profit (loss) for the period | 9904 | €76,293 | €39,775 | -€36,519 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,293 | €39,775 | -€36,519 | -47.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.