AZAR ANTWERP: what changed
What changed
AZAR ANTWERP
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
-€265,569
2024 · €100,638-€366,207
Equity
€3.1m
2024 · €3.4m-€270,364
Cash
€1.4m
2024 · €1.0m+€400,982
Balance sheet total
€5.1m
2024 · €4.9m+€266,526
Largest movements
Assets
- Cash +€400,982
up €400,982 (+38.8%), from €1.0m to €1.4m
mainly Trade debts (+€535,277) and Stocks and contracts (+€238,415)
- Stocks and contracts -€238,415
down €238,415 (-8.6%), from €2.8m to €2.5m
- Receivables within one year +€131,088
up €131,088 (+15.0%), from €875,836 to €1.0m
of which Trade receivables: +€133,461
Equity and liabilities
- Trade debts +€535,277
up €535,277 (+133%), from €403,948 to €939,226
- Profit (loss) carried forward -€265,569
new in 2025: -€265,569
Income statement
- Gross operating margin -€359,987
down €359,987, from €230,952 to -€129,035
- Taxes +€16,713
up €16,713 (+245%), from €6,828 to €23,541
- Financial income +€13,552
up €13,552 (+113%), from €11,980 to €25,532
- Other operating charges -€5,062
down €5,062 (-41.6%), from €12,167 to €7,104
- Financial charges +€4,850
up €4,850 (+66.3%), from €7,314 to €12,164
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.
Result 2024
€100,638
Gross operating margin
-€359,987
Staff costs
-€3,230
Depreciation
-€42
Other operating charges
+€5,062
Financial income
+€13,552
Financial charges
-€4,850
Taxes
-€16,713
Result 2025
-€265,569
raises the resultlowers the result
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.
From operations
+€410,179
Investment
€0
Financing
-€9,198
Cash 2024
€1.0m
From operations (derived)
+€410,179
Net result for the year
-€265,569
Depreciation
+€27,267
Stocks and contracts
+€238,415
Receivables within one year
-€131,088
Deferred charges and accrued income
-€138
Provisions
-€1,598
Trade debts
+€535,277
Tax, wage and social debts
+€11,482
Other debts
-€3,868
Financing
-€9,198
Current portion of long-term debt
-€4,402
Contributions, distributions and other
-€4,795
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,871,733 | €5,138,259 | +€266,526 | +5.5% |
| Fixed assets | 21/28 | €183,721 | €156,454 | -€27,267 | -14.8% |
| Tangible fixed assets | 22/27 | €182,965 | €155,698 | -€27,267 | -14.9% |
| Land and buildings | 22 | €171,909 | €148,614 | -€23,295 | -13.6% |
| Plant, machinery and equipment | 23 | €7,814 | €5,210 | -€2,604 | -33.3% |
| Furniture and vehicles | 24 | €3,242 | €1,874 | -€1,368 | -42.2% |
| Financial fixed assets | 28 | €756 | €756 | = | 0.0% |
| Current assets | 29/58 | €4,688,011 | €4,981,804 | +€293,793 | +6.3% |
| Stocks and contracts in progress | 3 | €2,773,973 | €2,535,558 | -€238,415 | -8.6% |
| Stocks | 30/36 | €2,773,973 | €2,535,558 | -€238,415 | -8.6% |
| Amounts receivable within one year | 40/41 | €875,836 | €1,006,924 | +€131,088 | +15.0% |
| Trade receivables | 40 | €863,300 | €996,761 | +€133,461 | +15.5% |
| Other amounts receivable | 41 | €12,536 | €10,164 | -€2,373 | -18.9% |
| Cash at bank and in hand | 54/58 | €1,032,908 | €1,433,889 | +€400,982 | +38.8% |
| Deferred charges and accrued income | 490/1 | €5,295 | €5,433 | +€138 | +2.6% |
| Total equity and liabilities | 10/49 | €4,871,733 | €5,138,259 | +€266,526 | +5.5% |
| Equity | 10/15 | €3,409,224 | €3,138,860 | -€270,364 | -7.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €3,359,224 | €3,354,429 | -€4,795 | -0.1% |
| Non-distributable reserves | 130/1 | €756 | €756 | = | 0.0% |
| Reserves not available under the articles | 1311 | €756 | €756 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,652 | €43,856 | -€4,795 | -9.9% |
| Distributable reserves | 133 | €3,309,816 | €3,309,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€265,569 | -€265,569 | |
| Provisions and deferred taxes | 16 | €30,260 | €28,662 | -€1,598 | -5.3% |
| Deferred taxes | 168 | €30,260 | €28,662 | -€1,598 | -5.3% |
| Amounts payable | 17/49 | €1,432,248 | €1,970,737 | +€538,489 | +37.6% |
| Amounts payable after more than one year | 17 | €949,000 | €949,000 | = | 0.0% |
| Financial debts | 170/4 | €949,000 | €949,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €483,248 | €1,021,737 | +€538,489 | +111% |
| Current portion of amounts payable after more than one year | 42 | €4,402 | - | -€4,402 | |
| Trade debts | 44 | €403,948 | €939,226 | +€535,277 | +133% |
| Suppliers | 440/4 | €403,948 | €939,226 | +€535,277 | +133% |
| Taxes, remuneration and social security | 45 | €22,487 | €33,969 | +€11,482 | +51.1% |
| Taxes | 450/3 | €8,807 | €19,618 | +€10,810 | +123% |
| Remuneration and social security | 454/9 | €13,680 | €14,351 | +€671 | +4.9% |
| Other amounts payable | 47/48 | €52,411 | €48,543 | -€3,868 | -7.4% |
| Remuneration, social security and pensions | 62 | €95,154 | €98,384 | +€3,230 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,225 | €27,267 | +€42 | +0.2% |
| Other operating charges | 640/8 | €12,167 | €7,104 | -€5,062 | -41.6% |
| Gross operating margin | 9900 | €230,952 | -€129,035 | -€359,987 | |
| Operating profit (loss) | 9901 | €96,407 | -€261,789 | -€358,197 | |
| Financial income | 75/76B | €11,980 | €25,532 | +€13,552 | +113% |
| Recurring financial income | 75 | €11,980 | €25,532 | +€13,552 | +113% |
| Financial charges | 65/66B | €7,314 | €12,164 | +€4,850 | +66.3% |
| Recurring financial charges | 65 | €7,314 | €12,164 | +€4,850 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €101,072 | -€248,422 | -€349,494 | |
| Transfer from deferred taxes | 780 | €6,394 | €6,394 | = | 0.0% |
| Income taxes | 67/77 | €6,828 | €23,541 | +€16,713 | +245% |
| Profit (loss) for the period | 9904 | €100,638 | -€265,569 | -€366,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,638 | -€265,569 | -€366,207 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.