Azelhof Catering: 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.
Azelhof Catering
Largest movements
- Tangible fixed assets +€236,442
up €236,442 (+25.9%), from €911,454 to €1.1m
of which Other tangible fixed assets: +€183,314
- Receivables after one year -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
- Cash +€191,403
up €191,403 (+273%), from €70,227 to €261,630
mainly Depreciation (+€226,527) and Receivables after one year (+€200,000)
- Receivables within one year -€114,430
down €114,430 (-80.4%), from €142,239 to €27,808
of which Other amounts receivable: -€95,313
- Accrued charges and deferred income +€141,811
up €141,811 (+43.7%), from €324,789 to €466,600
- Trade debts +€85,867
up €85,867 (+50.6%), from €169,667 to €255,534
- Debts after one year -€78,907
down €78,907 (-21.4%), from €367,907 to €289,000
- Profit (loss) carried forward -€35,030
down €35,030 (-28.8%), from €121,749 to €86,719
- Current portion of long-term debt -€31,630
down €31,630 (-35.7%), from €88,591 to €56,961
- Gross operating margin +€113,413
up €113,413 (+9.2%), from €1.2m to €1.4m
- Staff costs +€102,787
up €102,787 (+11.5%), from €896,537 to €999,324
- Depreciation +€46,917
up €46,917 (+26.1%), from €179,610 to €226,527
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.
Derived cash bridge
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 | €1,516,815 | €1,611,308 | +€94,493 | +6.2% |
| Fixed assets | 21/28 | €913,142 | €1,148,849 | +€235,707 | +25.8% |
| Intangible fixed assets | 21 | €1,298 | €563 | -€735 | -56.6% |
| Tangible fixed assets | 22/27 | €911,454 | €1,147,896 | +€236,442 | +25.9% |
| Plant, machinery and equipment | 23 | €108,952 | €140,181 | +€31,229 | +28.7% |
| Furniture and vehicles | 24 | €9,016 | €30,915 | +€21,899 | +243% |
| Other tangible fixed assets | 26 | €793,486 | €976,799 | +€183,314 | +23.1% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €603,674 | €462,459 | -€141,214 | -23.4% |
| Amounts receivable after more than one year | 29 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Other amounts receivable | 291 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Stocks and contracts in progress | 3 | €61,121 | €47,095 | -€14,026 | -22.9% |
| Stocks | 30/36 | €61,121 | €47,095 | -€14,026 | -22.9% |
| Amounts receivable within one year | 40/41 | €142,239 | €27,808 | -€114,430 | -80.4% |
| Trade receivables | 40 | €23,187 | €4,070 | -€19,118 | -82.4% |
| Other amounts receivable | 41 | €119,051 | €23,738 | -€95,313 | -80.1% |
| Cash at bank and in hand | 54/58 | €70,227 | €261,630 | +€191,403 | +273% |
| Deferred charges and accrued income | 490/1 | €30,087 | €25,926 | -€4,161 | -13.8% |
| Total equity and liabilities | 10/49 | €1,516,815 | €1,611,308 | +€94,493 | +6.2% |
| Equity | 10/15 | €331,312 | €296,282 | -€35,030 | -10.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €59,563 | €59,563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,650 | €3,650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,650 | €3,650 | = | 0.0% |
| Distributable reserves | 133 | €55,913 | €55,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,749 | €86,719 | -€35,030 | -28.8% |
| Amounts payable | 17/49 | €1,185,504 | €1,315,026 | +€129,522 | +10.9% |
| Amounts payable after more than one year | 17 | €367,907 | €289,000 | -€78,907 | -21.4% |
| Financial debts | 170/4 | €367,907 | €289,000 | -€78,907 | -21.4% |
| Amounts payable within one year | 42/48 | €492,808 | €559,426 | +€66,618 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €88,591 | €56,961 | -€31,630 | -35.7% |
| Trade debts | 44 | €169,667 | €255,534 | +€85,867 | +50.6% |
| Suppliers | 440/4 | €169,667 | €255,534 | +€85,867 | +50.6% |
| Advances received on contracts in progress | 46 | - | €1,893 | +€1,893 | |
| Taxes, remuneration and social security | 45 | €108,949 | €116,393 | +€7,444 | +6.8% |
| Taxes | 450/3 | €34,239 | €24,444 | -€9,795 | -28.6% |
| Remuneration and social security | 454/9 | €74,710 | €91,949 | +€17,239 | +23.1% |
| Other amounts payable | 47/48 | €125,601 | €128,646 | +€3,044 | +2.4% |
| Accrued charges and deferred income | 492/3 | €324,789 | €466,600 | +€141,811 | +43.7% |
| Non-recurring operating income | 76A | €62 | €0 | -€62 | -100% |
| Remuneration, social security and pensions | 62 | €896,537 | €999,324 | +€102,787 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,610 | €226,527 | +€46,917 | +26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €684 | +€684 | |
| Other operating charges | 640/8 | €16,093 | €16,124 | +€31 | +0.2% |
| Non-recurring operating charges | 66A | €34,324 | -€435 | -€34,759 | |
| Gross operating margin | 9900 | €1,239,020 | €1,352,433 | +€113,413 | +9.2% |
| Operating profit (loss) | 9901 | €112,455 | €110,208 | -€2,247 | -2.0% |
| Financial income | 75/76B | €17,895 | €9,070 | -€8,826 | -49.3% |
| Recurring financial income | 75 | €17,895 | €9,070 | -€8,826 | -49.3% |
| Financial charges | 65/66B | €12,238 | €15,613 | +€3,375 | +27.6% |
| Recurring financial charges | 65 | €12,238 | €15,613 | +€3,375 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €118,113 | €103,664 | -€14,449 | -12.2% |
| Income taxes | 67/77 | €14,526 | €18,694 | +€4,168 | +28.7% |
| Profit (loss) for the period | 9904 | €103,587 | €84,970 | -€18,617 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,587 | €84,970 | -€18,617 | -18.0% |
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 23 October 2026 via checked.be.