AZERTY MANAGEMENT: 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.
AZERTY MANAGEMENT
Largest movements
- Tangible fixed assets -€18,503
down €18,503 (-5.1%), from €360,967 to €342,464
- Provisions -€19,763
down €19,763 (-17.3%), from €114,497 to €94,734
- Other debts +€15,929
up €15,929 (+65.7%), from €24,254 to €40,183
- Profit (loss) carried forward -€13,290
down €13,290 (-6.3%), from €209,719 to €196,429
- Gross operating margin -€1,978
down €1,978 (-11.0%), from €18,008 to €16,029
- Provisions -€1,307
down €1,307 (-7.1%), from -€18,456 to -€19,763
- Depreciation -€621
down €621 (-3.2%), from €19,125 to €18,503
- Financial income -€496
down €496 (-38.9%), from €1,276 to €780
- Other operating charges +€211
up €211 (+5.6%), from €3,765 to €3,976
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 | €387,150 | €370,084 | -€17,066 | -4.4% |
| Fixed assets | 21/28 | €360,967 | €342,464 | -€18,503 | -5.1% |
| Tangible fixed assets | 22/27 | €360,967 | €342,464 | -€18,503 | -5.1% |
| Land and buildings | 22 | €360,967 | €342,464 | -€18,503 | -5.1% |
| Current assets | 29/58 | €26,183 | €27,620 | +€1,437 | +5.5% |
| Amounts receivable within one year | 40/41 | €113 | - | -€113 | |
| Trade receivables | 40 | €113 | - | -€113 | |
| Current investments | 50/53 | €20,118 | €20,118 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,575 | €5,915 | +€1,341 | +29.3% |
| Deferred charges and accrued income | 490/1 | €1,377 | €1,586 | +€209 | +15.2% |
| Total equity and liabilities | 10/49 | €387,150 | €370,084 | -€17,066 | -4.4% |
| Equity | 10/15 | €245,520 | €232,231 | -€13,290 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,202 | €17,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,530 | €16,530 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,530 | €16,530 | = | 0.0% |
| Tax-exempt reserves | 132 | €672 | €672 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,719 | €196,429 | -€13,290 | -6.3% |
| Provisions and deferred taxes | 16 | €114,497 | €94,734 | -€19,763 | -17.3% |
| Provisions for liabilities and charges | 160/5 | €114,497 | €94,734 | -€19,763 | -17.3% |
| Environmental obligations | 163 | €114,497 | €94,734 | -€19,763 | -17.3% |
| Amounts payable | 17/49 | €27,133 | €43,120 | +€15,986 | +58.9% |
| Amounts payable within one year | 42/48 | €24,254 | €40,183 | +€15,929 | +65.7% |
| Other amounts payable | 47/48 | €24,254 | €40,183 | +€15,929 | +65.7% |
| Accrued charges and deferred income | 492/3 | €2,879 | €2,937 | +€58 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,125 | €18,503 | -€621 | -3.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€18,456 | -€19,763 | -€1,307 | -7.1% |
| Other operating charges | 640/8 | €3,765 | €3,976 | +€211 | +5.6% |
| Gross operating margin | 9900 | €18,008 | €16,029 | -€1,978 | -11.0% |
| Operating profit (loss) | 9901 | €13,574 | €13,312 | -€261 | -1.9% |
| Financial income | 75/76B | €1,276 | €780 | -€496 | -38.9% |
| Recurring financial income | 75 | €1,276 | €780 | -€496 | -38.9% |
| Financial charges | 65/66B | €27,251 | €27,250 | -€1 | 0.0% |
| Recurring financial charges | 65 | €27,251 | €27,250 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,402 | -€13,158 | -€756 | -6.1% |
| Income taxes | 67/77 | €196 | €132 | -€64 | -32.5% |
| Profit (loss) for the period | 9904 | -€12,597 | -€13,290 | -€692 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,597 | -€13,290 | -€692 | -5.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.