AZARIUS: 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.
AZARIUS
Largest movements
- Cash +€125,910
up €125,910 (+38.2%), from €329,776 to €455,686
mainly Net result for the year (+€218,337) and Depreciation (+€98,497)
- Tangible fixed assets -€63,597
down €63,597 (-10.1%), from €627,935 to €564,338
of which Leasing and similar rights: -€55,117
- Reserves +€216,482
up €216,482 (+31.7%), from €683,931 to €900,412
of which Distributable reserves: +€218,337
- Debts after one year -€65,132
down €65,132 (-12.3%), from €531,534 to €466,403
of which Financial debts: -€65,202
- Other debts -€35,117
down €35,117 (-38.3%), from €91,611 to €56,494
- Tax, wage and social debts -€20,997
down €20,997 (-41.8%), from €50,227 to €29,230
of which Taxes: -€18,976
- Gross operating margin -€108,915
down €108,915 (-17.4%), from €626,015 to €517,100
- Taxes -€24,466
down €24,466 (-19.7%), from €124,250 to €99,783
- Depreciation -€24,271
down €24,271 (-19.8%), from €122,768 to €98,497
- Financial charges -€13,660
down €13,660 (-12.1%), from €112,776 to €99,116
- Financial income +€7,426
up €7,426 (+36.2%), from €20,487 to €27,914
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 | €1,471,645 | €1,540,032 | +€68,387 | +4.6% |
| Fixed assets | 21/28 | €627,935 | €564,338 | -€63,597 | -10.1% |
| Tangible fixed assets | 22/27 | €627,935 | €564,338 | -€63,597 | -10.1% |
| Furniture and vehicles | 24 | €99,206 | €76,188 | -€23,018 | -23.2% |
| Leasing and similar rights | 25 | €441,766 | €386,648 | -€55,117 | -12.5% |
| Other tangible fixed assets | 26 | €86,963 | €101,501 | +€14,538 | +16.7% |
| Current assets | 29/58 | €843,710 | €975,694 | +€131,984 | +15.6% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €3,584 | +€3,584 | |
| Trade receivables | 40 | - | €3,584 | +€3,584 | |
| Cash at bank and in hand | 54/58 | €329,776 | €455,686 | +€125,910 | +38.2% |
| Deferred charges and accrued income | 490/1 | €13,935 | €16,425 | +€2,490 | +17.9% |
| Total equity and liabilities | 10/49 | €1,471,645 | €1,540,032 | +€68,387 | +4.6% |
| Equity | 10/15 | €702,481 | €920,817 | +€218,337 | +31.1% |
| Contributions | 10/11 | €18,550 | €20,405 | +€1,855 | +10.0% |
| Reserves | 13 | €683,931 | €900,412 | +€216,482 | +31.7% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €682,076 | €900,412 | +€218,337 | +32.0% |
| Amounts payable | 17/49 | €769,164 | €619,215 | -€149,949 | -19.5% |
| Amounts payable after more than one year | 17 | €531,534 | €466,403 | -€65,132 | -12.3% |
| Financial debts | 170/4 | €517,240 | €452,039 | -€65,202 | -12.6% |
| Other amounts payable | 178/9 | €14,294 | €14,364 | +€70 | +0.5% |
| Amounts payable within one year | 42/48 | €233,160 | €151,062 | -€82,098 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €76,822 | €65,202 | -€11,620 | -15.1% |
| Trade debts | 44 | €14,500 | €137 | -€14,364 | -99.1% |
| Suppliers | 440/4 | €14,500 | €137 | -€14,364 | -99.1% |
| Taxes, remuneration and social security | 45 | €50,227 | €29,230 | -€20,997 | -41.8% |
| Taxes | 450/3 | €48,206 | €29,230 | -€18,976 | -39.4% |
| Remuneration and social security | 454/9 | €2,021 | - | -€2,021 | |
| Other amounts payable | 47/48 | €91,611 | €56,494 | -€35,117 | -38.3% |
| Accrued charges and deferred income | 492/3 | €4,470 | €1,750 | -€2,720 | -60.9% |
| Remuneration, social security and pensions | 62 | €16,671 | €16,873 | +€202 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,768 | €98,497 | -€24,271 | -19.8% |
| Other operating charges | 640/8 | €10,366 | €12,409 | +€2,043 | +19.7% |
| Gross operating margin | 9900 | €626,015 | €517,100 | -€108,915 | -17.4% |
| Operating profit (loss) | 9901 | €476,211 | €389,322 | -€86,889 | -18.2% |
| Financial income | 75/76B | €20,487 | €27,914 | +€7,426 | +36.2% |
| Recurring financial income | 75 | €20,487 | €27,914 | +€7,426 | +36.2% |
| Financial charges | 65/66B | €112,776 | €99,116 | -€13,660 | -12.1% |
| Recurring financial charges | 65 | €112,776 | €99,116 | -€13,660 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €383,923 | €318,120 | -€65,803 | -17.1% |
| Income taxes | 67/77 | €124,250 | €99,783 | -€24,466 | -19.7% |
| Profit (loss) for the period | 9904 | €259,673 | €218,337 | -€41,337 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €259,673 | €218,337 | -€41,337 | -15.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.