AZARAJ: 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.
AZARAJ
Largest movements
- Receivables within one year +€3,359
up €3,359 (+35.8%), from €9,391 to €12,750
of which Trade receivables: +€2,216
- Cash -€2,421
down €2,421 (-33.0%), from €7,341 to €4,920
mainly Receivables within one year (-€3,359) and Investment in fixed assets (net) (-€2,000)
- Tangible fixed assets +€1,668
new in 2025: €1,668
- Other debts +€2,259
up €2,259 (+14.5%), from €15,581 to €17,840
- Trade debts +€1,235
new in 2025: €1,235
- Profit (loss) carried forward -€889
down €889 (-17.8%), from -€5,001 to -€5,890
- Other operating charges +€901
new in 2025: €901
- Depreciation +€332
new in 2025: €332
- Financial charges +€128
new in 2025: €128
- Gross operating margin +€70
up €70 (+17.7%), from €393 to €463
- Financial income +€10
new in 2025: €10
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 | €16,780 | €19,386 | +€2,606 | +15.5% |
| Fixed assets | 21/28 | - | €1,668 | +€1,668 | |
| Tangible fixed assets | 22/27 | - | €1,668 | +€1,668 | |
| Furniture and vehicles | 24 | - | €1,668 | +€1,668 | |
| Current assets | 29/58 | €16,780 | €17,717 | +€938 | +5.6% |
| Amounts receivable within one year | 40/41 | €9,391 | €12,750 | +€3,359 | +35.8% |
| Trade receivables | 40 | €7,252 | €9,468 | +€2,216 | +30.6% |
| Other amounts receivable | 41 | €2,139 | €3,282 | +€1,143 | +53.4% |
| Cash at bank and in hand | 54/58 | €7,341 | €4,920 | -€2,421 | -33.0% |
| Deferred charges and accrued income | 490/1 | €47 | €47 | = | 0.0% |
| Total equity and liabilities | 10/49 | €16,780 | €19,386 | +€2,606 | +15.5% |
| Equity | 10/15 | €1,199 | €310 | -€889 | -74.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,001 | -€5,890 | -€889 | -17.8% |
| Amounts payable | 17/49 | €15,581 | €19,075 | +€3,495 | +22.4% |
| Amounts payable within one year | 42/48 | €15,581 | €19,075 | +€3,495 | +22.4% |
| Trade debts | 44 | - | €1,235 | +€1,235 | |
| Suppliers | 440/4 | - | €1,235 | +€1,235 | |
| Other amounts payable | 47/48 | €15,581 | €17,840 | +€2,259 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €332 | +€332 | |
| Other operating charges | 640/8 | - | €901 | +€901 | |
| Gross operating margin | 9900 | €393 | €463 | +€70 | +17.7% |
| Operating profit (loss) | 9901 | €393 | -€770 | -€1,163 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | - | €128 | +€128 | |
| Recurring financial charges | 65 | - | €128 | +€128 | |
| Profit (loss) for the period before taxes | 9903 | €393 | -€889 | -€1,282 | |
| Profit (loss) for the period | 9904 | €393 | -€889 | -€1,282 | |
| Profit (loss) for the period to be appropriated | 9905 | €393 | -€889 | -€1,282 |
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 11 October 2026 via checked.be.