AZERI T.M: what changed
AZERI T.M
Largest movements
- Stocks and contracts +€8,867
up €8,867 (+3.4%), from €264,465 to €273,332
- Formation expenses +€7,280
new in 2025: €7,280
- Financial fixed assets -€7,280
no longer reported in 2025 (was €7,280)
- Cash -€3,618
down €3,618 (-21.2%), from €17,044 to €13,426
mainly Trade debts (-€61,422) and Tax, wage and social debts (-€15,491)
- Trade debts -€61,422
down €61,422 (-35.1%), from €175,076 to €113,654
- Profit (loss) carried forward +€46,933
up €46,933 (+915%), from €5,132 to €52,065
- Other debts +€32,835
up €32,835 (+111%), from €29,683 to €62,518
- Tax, wage and social debts -€15,491
down €15,491 (-23.7%), from €65,450 to €49,959
of which Taxes: -€20,507
- Reserves +€4,485
up €4,485 (+359%), from €1,248 to €5,733
- Turnover -€730,314
no longer reported in 2025 (was €730,314)
- Purchases and services -€629,257
no longer reported in 2025 (was €629,257)
- Staff costs -€14,799
down €14,799 (-24.7%), from €60,026 to €45,227
- Other operating charges +€11,356
up €11,356 (+449%), from €2,527 to €13,883
- Gross operating margin +€10,526
up €10,526 (+10.4%), from €101,057 to €111,583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,789 | €296,775 | +€7,986 | +2.8% |
| Formation expenses | 20 | - | €7,280 | +€7,280 | |
| Fixed assets | 21/28 | €7,280 | - | -€7,280 | |
| Financial fixed assets | 28 | €7,280 | - | -€7,280 | |
| Current assets | 29/58 | €281,509 | €289,495 | +€7,986 | +2.8% |
| Stocks and contracts in progress | 3 | €264,465 | €273,332 | +€8,867 | +3.4% |
| Stocks | 30/36 | €264,465 | €273,332 | +€8,867 | +3.4% |
| Amounts receivable within one year | 40/41 | - | €2,737 | +€2,737 | |
| Other amounts receivable | 41 | - | €2,737 | +€2,737 | |
| Cash at bank and in hand | 54/58 | €17,044 | €13,426 | -€3,618 | -21.2% |
| Total equity and liabilities | 10/49 | €288,789 | €296,775 | +€7,986 | +2.8% |
| Equity | 10/15 | €18,580 | €69,998 | +€51,418 | +277% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Contributions outside capital | 11 | €12,200 | - | -€12,200 | |
| Other | 1109/19 | €12,200 | - | -€12,200 | |
| Reserves | 13 | €1,248 | €5,733 | +€4,485 | +359% |
| Non-distributable reserves | 130/1 | €1,248 | €5,733 | +€4,485 | +359% |
| Reserves not available under the articles | 1311 | €1,248 | €1,248 | -€0 | 0.0% |
| Other | 1319 | - | €4,485 | +€4,485 | |
| Profit (loss) carried forward | 14 | €5,132 | €52,065 | +€46,933 | +915% |
| Amounts payable | 17/49 | €270,209 | €226,777 | -€43,432 | -16.1% |
| Amounts payable within one year | 42/48 | €270,209 | €226,130 | -€44,079 | -16.3% |
| Trade debts | 44 | €175,076 | €113,654 | -€61,422 | -35.1% |
| Suppliers | 440/4 | €175,076 | €113,654 | -€61,422 | -35.1% |
| Taxes, remuneration and social security | 45 | €65,450 | €49,959 | -€15,491 | -23.7% |
| Taxes | 450/3 | €25,480 | €4,973 | -€20,507 | -80.5% |
| Remuneration and social security | 454/9 | €39,970 | €44,986 | +€5,016 | +12.5% |
| Other amounts payable | 47/48 | €29,683 | €62,518 | +€32,835 | +111% |
| Accrued charges and deferred income | 492/3 | - | €647 | +€647 | |
| Turnover | 70 | €730,314 | - | -€730,314 | |
| Goods, raw materials, services and sundry goods | 60/61 | €629,257 | - | -€629,257 | |
| Remuneration, social security and pensions | 62 | €60,026 | €45,227 | -€14,799 | -24.7% |
| Other operating charges | 640/8 | €2,527 | €13,883 | +€11,356 | +449% |
| Gross operating margin | 9900 | €101,057 | €111,583 | +€10,526 | +10.4% |
| Operating profit (loss) | 9901 | €38,504 | €52,474 | +€13,970 | +36.3% |
| Financial income | 75/76B | €647 | - | -€647 | |
| Recurring financial income | 75 | €647 | - | -€647 | |
| Financial charges | 65/66B | €238 | €409 | +€171 | +71.7% |
| Recurring financial charges | 65 | €238 | €409 | +€171 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €38,913 | €52,065 | +€13,152 | +33.8% |
| Profit (loss) for the period | 9904 | €38,913 | €52,065 | +€13,152 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,913 | €52,065 | +€13,152 | +33.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.