AZFASHION: what changed
AZFASHION
Largest movements
- Cash -€1,460
down €1,460 (-59.5%), from €2,452 to €992
mainly Tax, wage and social debts (-€4,650) and Other debts (-€3,836)
- Deferred charges and accrued income -€540
no longer reported in 2025 (was €540)
- Tangible fixed assets -€106
down €106 (-3.8%), from €2,813 to €2,708
of which Furniture and vehicles: -€700
- Profit (loss) carried forward +€6,356
up €6,356 (+7.5%), from -€85,153 to -€78,797
- Tax, wage and social debts -€4,650
down €4,650 (-19.2%), from €24,200 to €19,550
- Other debts -€3,836
down €3,836 (-8.0%), from €47,661 to €43,825
- Gross operating margin +€3,109
up €3,109 (+77.5%), from €4,011 to €7,120
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 | €5,805 | €3,700 | -€2,105 | -36.3% |
| Fixed assets | 21/28 | €2,813 | €2,708 | -€106 | -3.8% |
| Tangible fixed assets | 22/27 | €2,813 | €2,708 | -€106 | -3.8% |
| Plant, machinery and equipment | 23 | - | €594 | +€594 | |
| Furniture and vehicles | 24 | €2,813 | €2,113 | -€700 | -24.9% |
| Current assets | 29/58 | €2,992 | €992 | -€2,000 | -66.8% |
| Cash at bank and in hand | 54/58 | €2,452 | €992 | -€1,460 | -59.5% |
| Deferred charges and accrued income | 490/1 | €540 | - | -€540 | |
| Total equity and liabilities | 10/49 | €5,805 | €3,700 | -€2,105 | -36.3% |
| Equity | 10/15 | -€66,056 | -€59,699 | +€6,356 | +9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €505 | €505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €505 | €505 | = | 0.0% |
| Reserves not available under the articles | 1311 | €505 | €505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,153 | -€78,797 | +€6,356 | +7.5% |
| Amounts payable | 17/49 | €71,861 | €63,399 | -€8,462 | -11.8% |
| Amounts payable within one year | 42/48 | €71,861 | €63,399 | -€8,462 | -11.8% |
| Trade debts | 44 | - | €24 | +€24 | |
| Suppliers | 440/4 | - | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | €24,200 | €19,550 | -€4,650 | -19.2% |
| Remuneration and social security | 454/9 | €24,200 | €19,550 | -€4,650 | -19.2% |
| Other amounts payable | 47/48 | €47,661 | €43,825 | -€3,836 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €710 | +€23 | +3.3% |
| Gross operating margin | 9900 | €4,011 | €7,120 | +€3,109 | +77.5% |
| Operating profit (loss) | 9901 | €3,324 | €6,410 | +€3,086 | +92.9% |
| Financial charges | 65/66B | €66 | €54 | -€12 | -18.3% |
| Recurring financial charges | 65 | €66 | €54 | -€12 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €3,258 | €6,356 | +€3,098 | +95.1% |
| Profit (loss) for the period | 9904 | €3,258 | €6,356 | +€3,098 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,258 | €6,356 | +€3,098 | +95.1% |
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 2 November 2026 via checked.be.