AZAN-ALI: 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.
AZAN-ALI
Largest movements
- Receivables within one year -€18,673
no longer reported in 2025 (was €18,673)
of which Trade receivables: -€13,000
- Cash +€6,156
up €6,156 (+193%), from €3,186 to €9,342
mainly Receivables within one year (+€18,673) and Trade debts (+€8,920)
- Tangible fixed assets -€2,405
down €2,405 (-44.8%), from €5,371 to €2,967
- Other debts -€13,576
down €13,576 (-15.1%), from €90,092 to €76,516
- Trade debts +€8,920
up €8,920 (+1,131%), from €789 to €9,708
- Profit (loss) carried forward -€5,801
down €5,801 (-28.0%), from -€20,716 to -€26,517
- Tax, wage and social debts -€4,464
down €4,464 (-85.0%), from €5,250 to €786
of which Remuneration and social security: -€5,250
- Gross operating margin -€11,783
down €11,783 (-20.7%), from €56,856 to €45,073
- Other operating charges -€4,528
down €4,528 (-8.5%), from €52,997 to €48,470
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 | €94,016 | €79,094 | -€14,922 | -15.9% |
| Fixed assets | 21/28 | €5,444 | €3,040 | -€2,405 | -44.2% |
| Tangible fixed assets | 22/27 | €5,371 | €2,967 | -€2,405 | -44.8% |
| Furniture and vehicles | 24 | €5,371 | €2,967 | -€2,405 | -44.8% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €88,571 | €76,054 | -€12,517 | -14.1% |
| Stocks and contracts in progress | 3 | €66,712 | €66,712 | = | 0.0% |
| Stocks | 30/36 | €66,712 | €66,712 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,673 | - | -€18,673 | |
| Trade receivables | 40 | €13,000 | - | -€13,000 | |
| Other amounts receivable | 41 | €5,673 | - | -€5,673 | |
| Cash at bank and in hand | 54/58 | €3,186 | €9,342 | +€6,156 | +193% |
| Total equity and liabilities | 10/49 | €94,016 | €79,094 | -€14,922 | -15.9% |
| Equity | 10/15 | -€2,116 | -€7,917 | -€5,801 | -274% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,716 | -€26,517 | -€5,801 | -28.0% |
| Amounts payable | 17/49 | €96,131 | €87,010 | -€9,121 | -9.5% |
| Amounts payable within one year | 42/48 | €96,131 | €87,010 | -€9,121 | -9.5% |
| Trade debts | 44 | €789 | €9,708 | +€8,920 | +1,131% |
| Suppliers | 440/4 | €789 | €9,708 | +€8,920 | +1,131% |
| Taxes, remuneration and social security | 45 | €5,250 | €786 | -€4,464 | -85.0% |
| Taxes | 450/3 | - | €786 | +€786 | |
| Remuneration and social security | 454/9 | €5,250 | - | -€5,250 | |
| Other amounts payable | 47/48 | €90,092 | €76,516 | -€13,576 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,106 | €2,405 | +€298 | +14.2% |
| Other operating charges | 640/8 | €52,997 | €48,470 | -€4,528 | -8.5% |
| Gross operating margin | 9900 | €56,856 | €45,073 | -€11,783 | -20.7% |
| Operating profit (loss) | 9901 | €1,752 | -€5,801 | -€7,554 | |
| Profit (loss) for the period before taxes | 9903 | €1,752 | -€5,801 | -€7,554 | |
| Profit (loss) for the period | 9904 | €1,752 | -€5,801 | -€7,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,752 | -€5,801 | -€7,554 |
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 21 October 2026 via checked.be.