AZCOM: 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.
AZCOM
Largest movements
- Receivables within one year +€28,858
up €28,858 (+329.1%), from €8,770 to €37,628
of which Trade receivables: +€26,808
- Cash -€15,654
down €15,654 (-15.2%), from €103,187 to €87,533
mainly Receivables within one year (-€28,858) and Tax, wage and social debts (-€7,835)
- Trade debts +€14,621
up €14,621 (+15.5%), from €94,078 to €108,699
- Tax, wage and social debts -€7,835
down €7,835 (-91.0%), from €8,613 to €778
of which Remuneration and social security: -€7,128
- Profit (loss) carried forward +€7,464
up €7,464 (+68.3%), from -€10,936 to -€3,472
- Gross operating margin +€4,721
up €4,721 (+81.0%), from €5,827 to €10,548
- Depreciation +€1,172
up €1,172 (+267.6%), from €438 to €1,610
- Financial charges +€410
up €410 (+61.7%), from €664 to €1,074
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 | €114,455 | €128,028 | +€13,573 | +11.9% |
| Fixed assets | 21/28 | €2,498 | €2,867 | +€369 | +14.8% |
| Tangible fixed assets | 22/27 | €2,498 | €2,867 | +€369 | +14.8% |
| Furniture and vehicles | 24 | €2,498 | €2,867 | +€369 | +14.8% |
| Current assets | 29/58 | €111,957 | €125,161 | +€13,204 | +11.8% |
| Amounts receivable within one year | 40/41 | €8,770 | €37,628 | +€28,858 | +329.1% |
| Trade receivables | 40 | €7,076 | €33,884 | +€26,808 | +378.9% |
| Other amounts receivable | 41 | €1,694 | €3,744 | +€2,050 | +121.0% |
| Cash at bank and in hand | 54/58 | €103,187 | €87,533 | -€15,654 | -15.2% |
| Total equity and liabilities | 10/49 | €114,455 | €128,028 | +€13,573 | +11.9% |
| Equity | 10/15 | €9,064 | €16,528 | +€7,464 | +82.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,936 | -€3,472 | +€7,464 | +68.3% |
| Amounts payable | 17/49 | €105,391 | €111,500 | +€6,109 | +5.8% |
| Amounts payable within one year | 42/48 | €105,391 | €111,500 | +€6,109 | +5.8% |
| Trade debts | 44 | €94,078 | €108,699 | +€14,621 | +15.5% |
| Suppliers | 440/4 | €94,078 | €108,699 | +€14,621 | +15.5% |
| Taxes, remuneration and social security | 45 | €8,613 | €778 | -€7,835 | -91.0% |
| Taxes | 450/3 | €1,235 | €528 | -€707 | -57.2% |
| Remuneration and social security | 454/9 | €7,378 | €250 | -€7,128 | -96.6% |
| Other amounts payable | 47/48 | €2,700 | €2,023 | -€677 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €1,610 | +€1,172 | +267.6% |
| Other operating charges | 640/8 | €407 | €400 | -€7 | -1.7% |
| Gross operating margin | 9900 | €5,827 | €10,548 | +€4,721 | +81.0% |
| Operating profit (loss) | 9901 | €4,982 | €8,538 | +€3,556 | +71.4% |
| Financial charges | 65/66B | €664 | €1,074 | +€410 | +61.7% |
| Recurring financial charges | 65 | €664 | €1,074 | +€410 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | €4,318 | €7,464 | +€3,146 | +72.9% |
| Profit (loss) for the period | 9904 | €4,318 | €7,464 | +€3,146 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,318 | €7,464 | +€3,146 | +72.9% |
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 28 September 2026 via checked.be.