AZINGRO: 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.
AZINGRO
Largest movements
- Cash +€298,154
up €298,154 (+222%), from €134,270 to €432,424
mainly Trade debts (+€266,701) and Net result for the year (+€128,110)
- Stocks and contracts +€110,067
up €110,067 (+53.6%), from €205,529 to €315,596
- Tangible fixed assets -€64,832
down €64,832 (-61.6%), from €105,209 to €40,377
of which Furniture and vehicles: -€65,423
- Receivables within one year -€37,570
down €37,570 (-7.8%), from €479,617 to €442,047
of which Trade receivables: -€76,129
- Deferred charges and accrued income +€20,002
up €20,002 (+162%), from €12,332 to €32,334
- Trade debts +€266,701
up €266,701 (+107%), from €250,126 to €516,826
- Profit (loss) carried forward +€68,110
up €68,110 (+12.8%), from €531,414 to €599,524
- Staff costs +€44,132
up €44,132 (+185%), from €23,855 to €67,987
- Gross operating margin +€20,769
up €20,769 (+8.6%), from €242,296 to €263,065
- Financial income +€8,124
up €8,124 (+435%), from €1,869 to €9,993
- Write-downs +€7,245
up €7,245, from -€5,107 to €2,137
- Taxes -€6,530
down €6,530 (-14.5%), from €44,910 to €38,380
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 | €940,536 | €1,265,164 | +€324,628 | +34.5% |
| Fixed assets | 21/28 | €108,788 | €42,763 | -€66,025 | -60.7% |
| Intangible fixed assets | 21 | €3,578 | €2,386 | -€1,193 | -33.3% |
| Tangible fixed assets | 22/27 | €105,209 | €40,377 | -€64,832 | -61.6% |
| Plant, machinery and equipment | 23 | €667 | €1,258 | +€590 | +88.4% |
| Furniture and vehicles | 24 | €104,542 | €39,120 | -€65,423 | -62.6% |
| Current assets | 29/58 | €831,748 | €1,222,401 | +€390,653 | +47.0% |
| Stocks and contracts in progress | 3 | €205,529 | €315,596 | +€110,067 | +53.6% |
| Stocks | 30/36 | €205,529 | €315,596 | +€110,067 | +53.6% |
| Amounts receivable within one year | 40/41 | €479,617 | €442,047 | -€37,570 | -7.8% |
| Trade receivables | 40 | €428,272 | €352,143 | -€76,129 | -17.8% |
| Other amounts receivable | 41 | €51,345 | €89,903 | +€38,558 | +75.1% |
| Cash at bank and in hand | 54/58 | €134,270 | €432,424 | +€298,154 | +222% |
| Deferred charges and accrued income | 490/1 | €12,332 | €32,334 | +€20,002 | +162% |
| Total equity and liabilities | 10/49 | €940,536 | €1,265,164 | +€324,628 | +34.5% |
| Equity | 10/15 | €599,064 | €667,174 | +€68,110 | +11.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €531,414 | €599,524 | +€68,110 | +12.8% |
| Amounts payable | 17/49 | €341,472 | €597,990 | +€256,518 | +75.1% |
| Amounts payable within one year | 42/48 | €336,419 | €596,689 | +€260,270 | +77.4% |
| Trade debts | 44 | €250,126 | €516,826 | +€266,701 | +107% |
| Suppliers | 440/4 | €250,126 | €516,826 | +€266,701 | +107% |
| Advances received on contracts in progress | 46 | €9,707 | - | -€9,707 | |
| Taxes, remuneration and social security | 45 | €15,821 | €19,862 | +€4,042 | +25.5% |
| Taxes | 450/3 | €5,886 | €2,451 | -€3,435 | -58.4% |
| Remuneration and social security | 454/9 | €9,935 | €17,411 | +€7,477 | +75.3% |
| Other amounts payable | 47/48 | €60,766 | €60,000 | -€766 | -1.3% |
| Accrued charges and deferred income | 492/3 | €5,054 | €1,302 | -€3,752 | -74.2% |
| Remuneration, social security and pensions | 62 | €23,855 | €67,987 | +€44,132 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,369 | €15,822 | -€548 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,107 | €2,137 | +€7,245 | |
| Other operating charges | 640/8 | €1,389 | €3,360 | +€1,971 | +142% |
| Non-recurring operating charges | 66A | - | €206 | +€206 | |
| Gross operating margin | 9900 | €242,296 | €263,065 | +€20,769 | +8.6% |
| Operating profit (loss) | 9901 | €205,790 | €173,553 | -€32,237 | -15.7% |
| Financial income | 75/76B | €1,869 | €9,993 | +€8,124 | +435% |
| Recurring financial income | 75 | €1,869 | €9,993 | +€8,124 | +435% |
| Financial charges | 65/66B | €13,198 | €17,057 | +€3,859 | +29.2% |
| Recurring financial charges | 65 | €13,198 | €17,057 | +€3,859 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €194,462 | €166,490 | -€27,973 | -14.4% |
| Income taxes | 67/77 | €44,910 | €38,380 | -€6,530 | -14.5% |
| Profit (loss) for the period | 9904 | €149,553 | €128,110 | -€21,443 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €149,553 | €128,110 | -€21,443 | -14.3% |
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 13 October 2026 via checked.be.