Azelis EMEA HUB: 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.
What changed
Azelis EMEA HUB
NACE 46.120, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€427,800
2024 · €456,009-€28,209
Equity
€2.1m
2024 · €1.7m+€427,800
Cash
-
not filed
Balance sheet total
€9.7m
2024 · €14.3m-€4.5m
Largest movements
Assets
- Receivables within one year -€3.7m
down €3.7m (-29.5%), from €12.6m to €8.9m
of which Trade receivables: -€3.1m
- Stocks and contracts -€648,616
down €648,616 (-67.1%), from €967,180 to €318,563
- Intangible fixed assets -€172,683
down €172,683 (-25.2%), from €684,092 to €511,408
Equity and liabilities
- Short-term financial debts -€3.2m
down €3.2m (-89.4%), from €3.5m to €373,543
- Trade debts -€1.7m
down €1.7m (-20.3%), from €8.6m to €6.8m
- Profit (loss) carried forward +€427,800
up €427,800 (+36.1%), from €1.2m to €1.6m
Income statement
- Turnover +€3.4m
up €3.4m (+8.5%), from €39.8m to €43.2m
- Goods and materials +€2.9m
up €2.9m (+7.3%), from €39.0m to €41.9m
of which Purchases: +€2.3m
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.
Result 2024
€456,009
Turnover
+€3.4m
Other operating income
-€65,293
Goods and materials
-€2.9m
Services and other goods
-€186,486
Staff costs
-€6,727
Depreciation
-€59,775
Write-downs
-€126,623
Other operating charges
-€2
Financial income
-€58,513
Financial charges
-€82,206
Taxes
+€15,942
Result 2025
€427,800
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,262,726 | €9,720,162 | -€4.5m | -31.8% |
| Fixed assets | 21/28 | €685,097 | €512,413 | -€172,683 | -25.2% |
| Intangible fixed assets | 21 | €684,092 | €511,408 | -€172,683 | -25.2% |
| Financial fixed assets | 28 | €1,005 | €1,005 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,005 | €1,005 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,005 | €1,005 | = | 0.0% |
| Current assets | 29/58 | €13,577,629 | €9,207,748 | -€4.4m | -32.2% |
| Stocks and contracts in progress | 3 | €967,180 | €318,563 | -€648,616 | -67.1% |
| Stocks | 30/36 | €967,180 | €318,563 | -€648,616 | -67.1% |
| Goods purchased for resale | 34 | €967,180 | €318,563 | -€648,616 | -67.1% |
| Amounts receivable within one year | 40/41 | €12,610,450 | €8,889,175 | -€3.7m | -29.5% |
| Trade receivables | 40 | €11,503,613 | €8,388,026 | -€3.1m | -27.1% |
| Other amounts receivable | 41 | €1,106,837 | €501,148 | -€605,688 | -54.7% |
| Deferred charges and accrued income | 490/1 | - | €10 | +€10 | |
| Total equity and liabilities | 10/49 | €14,262,726 | €9,720,162 | -€4.5m | -31.8% |
| Equity | 10/15 | €1,690,540 | €2,118,340 | +€427,800 | +25.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €438,500 | €438,500 | = | 0.0% |
| Share premium | 1100/10 | €438,500 | €438,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,184,390 | €1,612,190 | +€427,800 | +36.1% |
| Amounts payable | 17/49 | €12,572,186 | €7,601,822 | -€5.0m | -39.5% |
| Amounts payable within one year | 42/48 | €12,555,694 | €7,587,345 | -€5.0m | -39.6% |
| Financial debts | 43 | €3,534,613 | €373,543 | -€3.2m | -89.4% |
| Other loans | 439 | €3,534,613 | €373,543 | -€3.2m | -89.4% |
| Trade debts | 44 | €8,582,191 | €6,842,571 | -€1.7m | -20.3% |
| Suppliers | 440/4 | €8,582,191 | €6,842,571 | -€1.7m | -20.3% |
| Taxes, remuneration and social security | 45 | €407,346 | €371,231 | -€36,115 | -8.9% |
| Taxes | 450/3 | €369,525 | €342,714 | -€26,811 | -7.3% |
| Remuneration and social security | 454/9 | €37,821 | €28,517 | -€9,304 | -24.6% |
| Other amounts payable | 47/48 | €31,544 | - | -€31,544 | |
| Accrued charges and deferred income | 492/3 | €16,492 | €14,477 | -€2,015 | -12.2% |
| Operating income | 70/76A | €39,918,686 | €43,257,805 | +€3.3m | +8.4% |
| Turnover | 70 | €39,832,891 | €43,237,303 | +€3.4m | +8.5% |
| Other operating income | 74 | €85,795 | €20,502 | -€65,293 | -76.1% |
| Operating charges | 60/66A | €39,339,982 | €42,582,533 | +€3.2m | +8.2% |
| Goods for resale, raw materials and consumables | 60 | €38,988,106 | €41,851,045 | +€2.9m | +7.3% |
| Purchases | 600/8 | €38,902,378 | €41,197,185 | +€2.3m | +5.9% |
| Change in stocks: decrease (increase) | 609 | €85,728 | €653,860 | +€568,132 | +663% |
| Services and other goods | 61 | €177,985 | €364,470 | +€186,486 | +105% |
| Remuneration, social security and pensions | 62 | €192,645 | €199,371 | +€6,727 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,908 | €172,683 | +€59,775 | +52.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€131,779 | -€5,157 | +€126,623 | +96.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Operating profit (loss) | 9901 | €578,704 | €675,272 | +€96,568 | +16.7% |
| Financial income | 75/76B | €441,082 | €382,569 | -€58,513 | -13.3% |
| Recurring financial income | 75 | €441,082 | €382,569 | -€58,513 | -13.3% |
| Income from current assets | 751 | €236 | €10 | -€226 | -95.7% |
| Other financial income | 752/9 | €440,847 | €382,559 | -€58,288 | -13.2% |
| Financial charges | 65/66B | €389,588 | €471,795 | +€82,206 | +21.1% |
| Recurring financial charges | 65 | €389,588 | €471,795 | +€82,206 | +21.1% |
| Debt charges | 650 | €243,989 | €113,136 | -€130,852 | -53.6% |
| Other financial charges | 652/9 | €145,600 | €358,658 | +€213,059 | +146% |
| Profit (loss) for the period before taxes | 9903 | €630,198 | €586,046 | -€44,152 | -7.0% |
| Income taxes | 67/77 | €174,189 | €158,246 | -€15,942 | -9.2% |
| Taxes | 670/3 | €174,189 | €158,246 | -€15,942 | -9.2% |
| Profit (loss) for the period | 9904 | €456,009 | €427,800 | -€28,209 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €456,009 | €427,800 | -€28,209 | -6.2% |
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.