AZIINOD: 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.
AZIINOD
Largest movements
- Receivables within one year +€9,684
up €9,684 (+89.0%), from €10,879 to €20,563
of which Other amounts receivable: +€9,521
- Cash +€9,146
up €9,146 (+159%), from €5,757 to €14,902
mainly Net result for the year (+€15,847) and Tax, wage and social debts (+€2,056)
- Tangible fixed assets -€384
down €384 (-36.9%), from €1,040 to €656
- Profit (loss) carried forward +€15,847
up €15,847 (+676%), from €2,343 to €18,190
- Tax, wage and social debts +€2,056
up €2,056 (+17.2%), from €11,937 to €13,993
of which Taxes: +€4,006
- Trade debts +€733
up €733 (+407%), from €180 to €913
- Accrued charges and deferred income -€440
no longer reported in 2025 (was €440)
- Gross operating margin +€16,861
up €16,861 (+474%), from €3,559 to €20,420
- Taxes +€3,634
up €3,634 (+374%), from €973 to €4,607
- Financial income +€502
up €502 (+5,023,400%), from €0 to €502
- Depreciation +€272
up €272 (+243%), from €112 to €384
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 | €17,924 | €36,121 | +€18,196 | +102% |
| Fixed assets | 21/28 | €1,040 | €656 | -€384 | -36.9% |
| Tangible fixed assets | 22/27 | €1,040 | €656 | -€384 | -36.9% |
| Furniture and vehicles | 24 | €1,040 | €656 | -€384 | -36.9% |
| Current assets | 29/58 | €16,885 | €35,465 | +€18,580 | +110% |
| Amounts receivable within one year | 40/41 | €10,879 | €20,563 | +€9,684 | +89.0% |
| Trade receivables | 40 | €10,805 | €10,968 | +€163 | +1.5% |
| Other amounts receivable | 41 | €74 | €9,595 | +€9,521 | +12,954% |
| Cash at bank and in hand | 54/58 | €5,757 | €14,902 | +€9,146 | +159% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €17,924 | €36,121 | +€18,196 | +102% |
| Equity | 10/15 | €5,367 | €21,214 | +€15,847 | +295% |
| Contributions | 10/11 | €3,024 | €3,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,343 | €18,190 | +€15,847 | +676% |
| Amounts payable | 17/49 | €12,557 | €14,907 | +€2,349 | +18.7% |
| Amounts payable within one year | 42/48 | €12,117 | €14,907 | +€2,789 | +23.0% |
| Trade debts | 44 | €180 | €913 | +€733 | +407% |
| Suppliers | 440/4 | €180 | €913 | +€733 | +407% |
| Taxes, remuneration and social security | 45 | €11,937 | €13,993 | +€2,056 | +17.2% |
| Taxes | 450/3 | €9,987 | €13,993 | +€4,006 | +40.1% |
| Remuneration and social security | 454/9 | €1,950 | - | -€1,950 | |
| Other amounts payable | 47/48 | €0 | - | -€0 | |
| Accrued charges and deferred income | 492/3 | €440 | - | -€440 | |
| Remuneration, social security and pensions | 62 | €76 | - | -€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112 | €384 | +€272 | +243% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €3,559 | €20,420 | +€16,861 | +474% |
| Operating profit (loss) | 9901 | €3,320 | €20,036 | +€16,716 | +503% |
| Financial income | 75/76B | €0 | €502 | +€502 | +5,023,400% |
| Recurring financial income | 75 | €0 | €502 | +€502 | +5,023,400% |
| Financial charges | 65/66B | €4 | €84 | +€80 | +1,904% |
| Recurring financial charges | 65 | €4 | €84 | +€80 | +1,904% |
| Profit (loss) for the period before taxes | 9903 | €3,316 | €20,455 | +€17,138 | +517% |
| Income taxes | 67/77 | €973 | €4,607 | +€3,634 | +374% |
| Profit (loss) for the period | 9904 | €2,343 | €15,847 | +€13,504 | +576% |
| Profit (loss) for the period to be appropriated | 9905 | €2,343 | €15,847 | +€13,504 | +576% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.