AZARA DYNAMICS: 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.
AZARA DYNAMICS
Largest movements
- Stocks and contracts -€5,975
down €5,975 (-45.3%), from €13,184 to €7,209
- Cash +€4,920
up €4,920 (+45.9%), from €10,710 to €15,630
mainly Stocks and contracts (+€5,975) and Trade debts (+€3,222)
- Receivables within one year -€2,318
down €2,318 (-40.7%), from €5,703 to €3,385
of which Trade receivables: -€4,011
- Tangible fixed assets -€999
down €999 (-15.4%), from €6,499 to €5,500
of which Plant, machinery and equipment: -€2,837
- Financial fixed assets +€850
new in 2025: €850
- Tax, wage and social debts -€4,708
down €4,708 (-39.2%), from €12,004 to €7,296
- Trade debts +€3,222
up €3,222 (+65.6%), from €4,910 to €8,133
- Reserves -€1,915
down €1,915 (-34.1%), from €5,610 to €3,694
- Gross operating margin -€3,092
down €3,092 (-26.4%), from €11,733 to €8,641
- Financial charges +€3,058
up €3,058 (+197.6%), from €1,548 to €4,606
- Other operating charges +€1,714
up €1,714 (+234.5%), from €731 to €2,445
- Taxes -€1,533
down €1,533 (-77.7%), from €1,972 to €440
- Depreciation +€1,054
up €1,054 (+52.4%), from €2,011 to €3,065
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 | €36,096 | €32,793 | -€3,303 | -9.2% |
| Fixed assets | 21/28 | €6,499 | €6,350 | -€149 | -2.3% |
| Tangible fixed assets | 22/27 | €6,499 | €5,500 | -€999 | -15.4% |
| Plant, machinery and equipment | 23 | €6,499 | €3,662 | -€2,837 | -43.6% |
| Furniture and vehicles | 24 | - | €1,837 | +€1,837 | |
| Financial fixed assets | 28 | - | €850 | +€850 | |
| Current assets | 29/58 | €29,597 | €26,443 | -€3,154 | -10.7% |
| Stocks and contracts in progress | 3 | €13,184 | €7,209 | -€5,975 | -45.3% |
| Stocks | 30/36 | €13,184 | €7,209 | -€5,975 | -45.3% |
| Amounts receivable within one year | 40/41 | €5,703 | €3,385 | -€2,318 | -40.7% |
| Trade receivables | 40 | €5,335 | €1,324 | -€4,011 | -75.2% |
| Other amounts receivable | 41 | €368 | €2,060 | +€1,692 | +459.5% |
| Cash at bank and in hand | 54/58 | €10,710 | €15,630 | +€4,920 | +45.9% |
| Deferred charges and accrued income | 490/1 | - | €219 | +€219 | |
| Total equity and liabilities | 10/49 | €36,096 | €32,793 | -€3,303 | -9.2% |
| Equity | 10/15 | €10,610 | €8,694 | -€1,915 | -18.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,610 | €3,694 | -€1,915 | -34.1% |
| Distributable reserves | 133 | €5,610 | €3,694 | -€1,915 | -34.1% |
| Amounts payable | 17/49 | €25,486 | €24,098 | -€1,388 | -5.4% |
| Amounts payable within one year | 42/48 | €25,486 | €24,036 | -€1,450 | -5.7% |
| Trade debts | 44 | €4,910 | €8,133 | +€3,222 | +65.6% |
| Suppliers | 440/4 | €4,910 | €8,133 | +€3,222 | +65.6% |
| Taxes, remuneration and social security | 45 | €12,004 | €7,296 | -€4,708 | -39.2% |
| Taxes | 450/3 | €12,004 | €7,296 | -€4,708 | -39.2% |
| Other amounts payable | 47/48 | €8,572 | €8,608 | +€36 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €3,065 | +€1,054 | +52.4% |
| Other operating charges | 640/8 | €731 | €2,445 | +€1,714 | +234.5% |
| Gross operating margin | 9900 | €11,733 | €8,641 | -€3,092 | -26.4% |
| Operating profit (loss) | 9901 | €8,990 | €3,130 | -€5,860 | -65.2% |
| Financial income | 75/76B | €139 | €0 | -€139 | -100.0% |
| Recurring financial income | 75 | €139 | €0 | -€139 | -100.0% |
| Financial charges | 65/66B | €1,548 | €4,606 | +€3,058 | +197.6% |
| Recurring financial charges | 65 | €1,548 | €4,606 | +€3,058 | +197.6% |
| Profit (loss) for the period before taxes | 9903 | €7,582 | -€1,476 | -€9,058 | |
| Income taxes | 67/77 | €1,972 | €440 | -€1,533 | -77.7% |
| Profit (loss) for the period | 9904 | €5,610 | -€1,915 | -€7,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,610 | -€1,915 | -€7,525 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.