AZEBO: 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.
AZEBO
Largest movements
- Tangible fixed assets +€22,252
up €22,252 (+2.3%), from €956,086 to €978,337
- Trade debts +€41,503
up €41,503 (+90.3%), from €45,982 to €87,485
- Profit (loss) carried forward -€13,419
down €13,419 (-5.3%), from -€254,699 to -€268,118
- Gross operating margin +€3,792
up €3,792 (+38.7%), from €9,791 to €13,582
- Depreciation -€1,188
down €1,188 (-19.4%), from €6,109 to €4,921
- Other operating charges -€506
down €506 (-7.9%), from €6,397 to €5,891
- Financial charges +€270
up €270 (+1.7%), from €15,919 to €16,189
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 | €965,701 | €989,971 | +€24,270 | +2.5% |
| Fixed assets | 21/28 | €956,086 | €978,337 | +€22,252 | +2.3% |
| Tangible fixed assets | 22/27 | €956,086 | €978,337 | +€22,252 | +2.3% |
| Land and buildings | 22 | €956,086 | €978,337 | +€22,252 | +2.3% |
| Current assets | 29/58 | €9,615 | €11,633 | +€2,018 | +21.0% |
| Amounts receivable within one year | 40/41 | €6,704 | €10,606 | +€3,901 | +58.2% |
| Other amounts receivable | 41 | €6,704 | €10,606 | +€3,901 | +58.2% |
| Cash at bank and in hand | 54/58 | €2,004 | €2 | -€2,002 | -99.9% |
| Deferred charges and accrued income | 490/1 | €907 | €1,026 | +€119 | +13.1% |
| Total equity and liabilities | 10/49 | €965,701 | €989,971 | +€24,270 | +2.5% |
| Equity | 10/15 | €416,906 | €403,488 | -€13,419 | -3.2% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Revaluation surpluses | 12 | €221,605 | €221,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,699 | -€268,118 | -€13,419 | -5.3% |
| Amounts payable | 17/49 | €548,794 | €586,483 | +€37,689 | +6.9% |
| Amounts payable after more than one year | 17 | €485,100 | €480,648 | -€4,453 | -0.9% |
| Financial debts | 170/4 | €467,197 | €451,502 | -€15,695 | -3.4% |
| Other amounts payable | 178/9 | €17,903 | €29,145 | +€11,242 | +62.8% |
| Amounts payable within one year | 42/48 | €63,694 | €105,836 | +€42,141 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €15,562 | €16,200 | +€639 | +4.1% |
| Trade debts | 44 | €45,982 | €87,485 | +€41,503 | +90.3% |
| Suppliers | 440/4 | €45,982 | €87,485 | +€41,503 | +90.3% |
| Other amounts payable | 47/48 | €2,150 | €2,150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,109 | €4,921 | -€1,188 | -19.4% |
| Other operating charges | 640/8 | €6,397 | €5,891 | -€506 | -7.9% |
| Gross operating margin | 9900 | €9,791 | €13,582 | +€3,792 | +38.7% |
| Operating profit (loss) | 9901 | -€2,715 | €2,770 | +€5,485 | |
| Financial charges | 65/66B | €15,919 | €16,189 | +€270 | +1.7% |
| Recurring financial charges | 65 | €15,919 | €16,189 | +€270 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,634 | -€13,419 | +€5,216 | +28.0% |
| Profit (loss) for the period | 9904 | -€18,634 | -€13,419 | +€5,216 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,634 | -€13,419 | +€5,216 | +28.0% |
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 30 September 2026 via checked.be.