AZIBI: 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.
AZIBI
Largest movements
- Receivables within one year -€977,692
down €977,692 (-61.8%), from €1.6m to €604,272
of which Other amounts receivable: -€1.0m
- Current portion of long-term debt -€800,000
down €800,000 (-100.0%), from €800,000 to €0
- Profit (loss) carried forward -€115,323
down €115,323 (-4.1%), from €2.8m to €2.7m
- Other debts -€46,775
down €46,775 (-29.2%), from €160,450 to €113,675
- Gross operating margin -€117,745
down €117,745 (-90.9%), from €129,555 to €11,810
- Financial income -€15,783
down €15,783 (-44.1%), from €35,788 to €20,005
- Financial charges -€8,866
down €8,866 (-24.8%), from €35,811 to €26,946
- Depreciation +€7,344
up €7,344 (+20.2%), from €36,331 to €43,674
- Other operating charges -€3,299
down €3,299 (-53.1%), from €6,208 to €2,909
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 | €3,823,468 | €2,845,220 | -€978,248 | -25.6% |
| Fixed assets | 21/28 | €2,220,578 | €2,216,534 | -€4,044 | -0.2% |
| Tangible fixed assets | 22/27 | €1,441,376 | €1,437,332 | -€4,044 | -0.3% |
| Land and buildings | 22 | €1,433,888 | €1,432,153 | -€1,736 | -0.1% |
| Plant, machinery and equipment | 23 | €3,751 | €2,935 | -€815 | -21.7% |
| Furniture and vehicles | 24 | €3,737 | €2,244 | -€1,493 | -40.0% |
| Financial fixed assets | 28 | €779,202 | €779,202 | = | 0.0% |
| Current assets | 29/58 | €1,602,889 | €628,686 | -€974,204 | -60.8% |
| Amounts receivable within one year | 40/41 | €1,581,964 | €604,272 | -€977,692 | -61.8% |
| Trade receivables | 40 | €0 | €35,500 | +€35,500 | |
| Other amounts receivable | 41 | €1,581,964 | €568,772 | -€1.0m | -64.0% |
| Cash at bank and in hand | 54/58 | €4,061 | €19,281 | +€15,221 | +374.8% |
| Deferred charges and accrued income | 490/1 | €16,865 | €5,132 | -€11,733 | -69.6% |
| Total equity and liabilities | 10/49 | €3,823,468 | €2,845,220 | -€978,248 | -25.6% |
| Equity | 10/15 | €2,839,822 | €2,724,498 | -€115,323 | -4.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,821,272 | €2,705,948 | -€115,323 | -4.1% |
| Amounts payable | 17/49 | €983,646 | €120,721 | -€862,925 | -87.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €983,646 | €119,159 | -€864,487 | -87.9% |
| Current portion of amounts payable after more than one year | 42 | €800,000 | €0 | -€800,000 | -100.0% |
| Trade debts | 44 | €12,850 | €1,374 | -€11,477 | -89.3% |
| Suppliers | 440/4 | €12,850 | €1,374 | -€11,477 | -89.3% |
| Taxes, remuneration and social security | 45 | €10,346 | €4,111 | -€6,235 | -60.3% |
| Taxes | 450/3 | €7,846 | €1,611 | -€6,235 | -79.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €160,450 | €113,675 | -€46,775 | -29.2% |
| Accrued charges and deferred income | 492/3 | - | €1,562 | +€1,562 | |
| Non-recurring operating income | 76A | €120,983 | €0 | -€120,983 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,331 | €43,674 | +€7,344 | +20.2% |
| Other operating charges | 640/8 | €6,208 | €2,909 | -€3,299 | -53.1% |
| Gross operating margin | 9900 | €129,555 | €11,810 | -€117,745 | -90.9% |
| Operating profit (loss) | 9901 | €87,017 | -€34,772 | -€121,789 | |
| Financial income | 75/76B | €35,788 | €20,005 | -€15,783 | -44.1% |
| Recurring financial income | 75 | €35,788 | €20,005 | -€15,783 | -44.1% |
| Financial charges | 65/66B | €35,811 | €26,946 | -€8,866 | -24.8% |
| Recurring financial charges | 65 | €35,811 | €26,946 | -€8,866 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €86,994 | -€41,713 | -€128,706 | |
| Income taxes | 67/77 | €4,633 | €3,611 | -€1,022 | -22.1% |
| Profit (loss) for the period | 9904 | €82,361 | -€45,323 | -€127,684 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,361 | -€45,323 | -€127,684 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.