AZAPERK: what changed
Two fiscal 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.
AZAPERK
Largest movements
- Tangible fixed assets +€110,411
up €110,411 (+154.7%), from €71,387 to €181,798
of which Plant, machinery and equipment: +€111,181
- Receivables within one year +€54,425
up €54,425 (+100.2%), from €54,317 to €108,742
of which Trade receivables: +€54,432
- Cash -€13,912
down €13,912 (-50.8%), from €27,404 to €13,492
mainly Investment in fixed assets (net) (-€136,241) and Receivables within one year (-€54,425)
- Trade debts +€66,327
up €66,327 (+161.1%), from €41,172 to €107,499
- Short-term financial debts +€63,635
up €63,635 (+1414.1%), from €4,500 to €68,135
- Reserves +€10,337
up €10,337 (+16.8%), from €61,348 to €71,685
of which Distributable reserves: +€10,337
- Tax, wage and social debts +€8,566
up €8,566 (+20.9%), from €40,953 to €49,519
of which Remuneration and social security: +€9,869
- Depreciation +€9,275
up €9,275 (+56.0%), from €16,555 to €25,830
- Gross operating margin +€3,699
up €3,699 (+9.9%), from €37,499 to €41,199
- Financial charges +€1,350
up €1,350 (+299.0%), from €452 to €1,802
- Taxes -€563
down €563 (-35.3%), from €1,597 to €1,034
- Other operating charges -€467
down €467 (-19.0%), from €2,449 to €1,983
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.
Cash bridge derived
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 | €159,568 | €308,701 | +€149,133 | +93.5% |
| Fixed assets | 21/28 | €71,397 | €181,808 | +€110,411 | +154.6% |
| Tangible fixed assets | 22/27 | €71,387 | €181,798 | +€110,411 | +154.7% |
| Land and buildings | 22 | €10,035 | €8,599 | -€1,435 | -14.3% |
| Plant, machinery and equipment | 23 | €61,285 | €172,466 | +€111,181 | +181.4% |
| Furniture and vehicles | 24 | €68 | €733 | +€665 | +981.8% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €88,172 | €126,893 | +€38,722 | +43.9% |
| Stocks and contracts in progress | 3 | €4,898 | €4,078 | -€820 | -16.7% |
| Stocks | 30/36 | €4,898 | €4,078 | -€820 | -16.7% |
| Amounts receivable within one year | 40/41 | €54,317 | €108,742 | +€54,425 | +100.2% |
| Trade receivables | 40 | €54,310 | €108,742 | +€54,432 | +100.2% |
| Other amounts receivable | 41 | €7 | - | -€7 | |
| Cash at bank and in hand | 54/58 | €27,404 | €13,492 | -€13,912 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,552 | €581 | -€972 | -62.6% |
| Total equity and liabilities | 10/49 | €159,568 | €308,701 | +€149,133 | +93.5% |
| Equity | 10/15 | €70,294 | €80,631 | +€10,337 | +14.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €61,348 | €71,685 | +€10,337 | +16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,488 | €69,825 | +€10,337 | +17.4% |
| Profit (loss) carried forward | 14 | €2,749 | €2,749 | = | 0.0% |
| Amounts payable | 17/49 | €89,274 | €228,071 | +€138,797 | +155.5% |
| Amounts payable within one year | 42/48 | €86,666 | €225,194 | +€138,528 | +159.8% |
| Financial debts | 43 | €4,500 | €68,135 | +€63,635 | +1414.1% |
| Other loans | 439 | €4,500 | €68,135 | +€63,635 | +1414.1% |
| Trade debts | 44 | €41,172 | €107,499 | +€66,327 | +161.1% |
| Suppliers | 440/4 | €41,172 | €107,499 | +€66,327 | +161.1% |
| Taxes, remuneration and social security | 45 | €40,953 | €49,519 | +€8,566 | +20.9% |
| Taxes | 450/3 | €8,691 | €7,387 | -€1,304 | -15.0% |
| Remuneration and social security | 454/9 | €32,262 | €42,132 | +€9,869 | +30.6% |
| Other amounts payable | 47/48 | €41 | €41 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,609 | €2,877 | +€268 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,555 | €25,830 | +€9,275 | +56.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,231 | €820 | -€412 | -33.4% |
| Other operating charges | 640/8 | €2,449 | €1,983 | -€467 | -19.0% |
| Gross operating margin | 9900 | €37,499 | €41,199 | +€3,699 | +9.9% |
| Operating profit (loss) | 9901 | €17,264 | €12,566 | -€4,698 | -27.2% |
| Financial income | 75/76B | €752 | €606 | -€146 | -19.4% |
| Recurring financial income | 75 | €752 | €606 | -€146 | -19.4% |
| Financial charges | 65/66B | €452 | €1,802 | +€1,350 | +299.0% |
| Recurring financial charges | 65 | €452 | €1,802 | +€1,350 | +299.0% |
| Profit (loss) for the period before taxes | 9903 | €17,565 | €11,370 | -€6,194 | -35.3% |
| Income taxes | 67/77 | €1,597 | €1,034 | -€563 | -35.3% |
| Profit (loss) for the period | 9904 | €15,968 | €10,337 | -€5,631 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,968 | €10,337 | -€5,631 | -35.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.