AZERTY-ICT: 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.
AZERTY-ICT
Largest movements
- Receivables after one year -€20,000
down €20,000 (-26.7%), from €75,000 to €55,000
- Cash -€15,670
down €15,670 (-41.0%), from €38,224 to €22,554
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€20,125)
- Tangible fixed assets -€12,708
down €12,708 (-21.0%), from €60,653 to €47,945
of which Furniture and vehicles: -€12,496
- Receivables within one year +€10,899
up €10,899 (+50.3%), from €21,658 to €32,557
of which Trade receivables: +€8,924
- Deferred charges and accrued income -€3,620
down €3,620 (-70.4%), from €5,143 to €1,523
- Reserves -€30,180
down €30,180 (-23.3%), from €129,518 to €99,338
of which Distributable reserves: -€30,180
- Debts after one year -€20,125
down €20,125 (-49.5%), from €40,683 to €20,558
- Current portion of long-term debt +€5,450
up €5,450 (+59.8%), from €9,106 to €14,556
- Tax, wage and social debts +€3,865
up €3,865 (+126%), from €3,063 to €6,929
of which Taxes: +€3,865
- Gross operating margin +€5,162
up €5,162 (+12.7%), from €40,697 to €45,859
- Taxes +€3,301
up €3,301 (+55.0%), from €6,000 to €9,301
- Depreciation +€577
up €577 (+4.3%), from €13,350 to €13,927
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 | €200,678 | €159,580 | -€41,099 | -20.5% |
| Fixed assets | 21/28 | €60,653 | €47,945 | -€12,708 | -21.0% |
| Tangible fixed assets | 22/27 | €60,653 | €47,945 | -€12,708 | -21.0% |
| Plant, machinery and equipment | 23 | €563 | €1,257 | +€694 | +123% |
| Furniture and vehicles | 24 | €53,068 | €40,572 | -€12,496 | -23.5% |
| Other tangible fixed assets | 26 | €7,022 | €6,116 | -€905 | -12.9% |
| Current assets | 29/58 | €140,025 | €111,634 | -€28,391 | -20.3% |
| Amounts receivable after more than one year | 29 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Other amounts receivable | 291 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €21,658 | €32,557 | +€10,899 | +50.3% |
| Trade receivables | 40 | €13,744 | €22,667 | +€8,924 | +64.9% |
| Other amounts receivable | 41 | €7,915 | €9,890 | +€1,975 | +25.0% |
| Cash at bank and in hand | 54/58 | €38,224 | €22,554 | -€15,670 | -41.0% |
| Deferred charges and accrued income | 490/1 | €5,143 | €1,523 | -€3,620 | -70.4% |
| Total equity and liabilities | 10/49 | €200,678 | €159,580 | -€41,099 | -20.5% |
| Equity | 10/15 | €141,918 | €111,738 | -€30,180 | -21.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,518 | €99,338 | -€30,180 | -23.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €127,658 | €97,478 | -€30,180 | -23.6% |
| Amounts payable | 17/49 | €58,760 | €47,842 | -€10,919 | -18.6% |
| Amounts payable after more than one year | 17 | €40,683 | €20,558 | -€20,125 | -49.5% |
| Financial debts | 170/4 | €40,683 | €20,558 | -€20,125 | -49.5% |
| Amounts payable within one year | 42/48 | €18,078 | €27,284 | +€9,206 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €9,106 | €14,556 | +€5,450 | +59.8% |
| Financial debts | 43 | €2,039 | €2,000 | -€39 | -1.9% |
| Credit institutions | 430/8 | €2,039 | €2,000 | -€39 | -1.9% |
| Trade debts | 44 | €3,869 | €3,799 | -€70 | -1.8% |
| Suppliers | 440/4 | €3,869 | €3,799 | -€70 | -1.8% |
| Taxes, remuneration and social security | 45 | €3,063 | €6,929 | +€3,865 | +126% |
| Taxes | 450/3 | €3,063 | €6,929 | +€3,865 | +126% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €3,891 | - | -€3,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,350 | €13,927 | +€577 | +4.3% |
| Other operating charges | 640/8 | €1,835 | €1,406 | -€429 | -23.4% |
| Gross operating margin | 9900 | €40,697 | €45,859 | +€5,162 | +12.7% |
| Operating profit (loss) | 9901 | €25,512 | €30,526 | +€5,014 | +19.7% |
| Financial income | 75/76B | €224 | €143 | -€80 | -35.8% |
| Recurring financial income | 75 | €224 | €143 | -€80 | -35.8% |
| Financial charges | 65/66B | €1,465 | €1,549 | +€84 | +5.7% |
| Recurring financial charges | 65 | €1,465 | €1,549 | +€84 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €24,271 | €29,121 | +€4,850 | +20.0% |
| Income taxes | 67/77 | €6,000 | €9,301 | +€3,301 | +55.0% |
| Profit (loss) for the period | 9904 | €18,271 | €19,820 | +€1,549 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,271 | €19,820 | +€1,549 | +8.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.