Azobé: 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.
Azobé
Largest movements
- Cash +€16,322
up €16,322 (+87.6%), from €18,635 to €34,957
mainly Trade debts (+€11,399) and Depreciation (+€7,349)
- Tangible fixed assets -€7,349
down €7,349 (-91.7%), from €8,018 to €669
of which Leasing and similar rights: -€6,672
- Receivables within one year +€2,700
up €2,700 (+41.4%), from €6,525 to €9,226
of which Trade receivables: +€5,432
- Deferred charges and accrued income -€795
down €795 (-54.3%), from €1,465 to €670
- Trade debts +€11,399
up €11,399 (+1924.3%), from €592 to €11,991
- Other debts +€7,345
up €7,345 (+37.6%), from €19,532 to €26,876
- Current portion of long-term debt -€5,696
down €5,696 (-83.2%), from €6,847 to €1,151
- Tax, wage and social debts +€2,016
up €2,016 (+425.8%), from €474 to €2,490
of which Taxes: +€2,243
- Accrued charges and deferred income -€1,768
no longer reported in 2025 (was €1,768)
- Gross operating margin +€6,102
up €6,102 (+54.1%), from €11,280 to €17,383
- Taxes +€1,622
up €1,622 (+261.4%), from €621 to €2,243
- Depreciation -€697
down €697 (-8.7%), from €8,046 to €7,349
- Financial charges -€462
down €462 (-77.9%), from €593 to €131
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 | €35,143 | €46,022 | +€10,879 | +31.0% |
| Fixed assets | 21/28 | €8,518 | €1,169 | -€7,349 | -86.3% |
| Tangible fixed assets | 22/27 | €8,018 | €669 | -€7,349 | -91.7% |
| Plant, machinery and equipment | 23 | €677 | - | -€677 | |
| Leasing and similar rights | 25 | €7,341 | €669 | -€6,672 | -90.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €26,625 | €44,853 | +€18,228 | +68.5% |
| Amounts receivable within one year | 40/41 | €6,525 | €9,226 | +€2,700 | +41.4% |
| Trade receivables | 40 | €2,612 | €8,044 | +€5,432 | +207.9% |
| Other amounts receivable | 41 | €3,913 | €1,182 | -€2,731 | -69.8% |
| Cash at bank and in hand | 54/58 | €18,635 | €34,957 | +€16,322 | +87.6% |
| Deferred charges and accrued income | 490/1 | €1,465 | €670 | -€795 | -54.3% |
| Total equity and liabilities | 10/49 | €35,143 | €46,022 | +€10,879 | +31.0% |
| Equity | 10/15 | €4,780 | €3,514 | -€1,266 | -26.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €1,280 | €14 | -€1,266 | -98.9% |
| Distributable reserves | 133 | €1,280 | €14 | -€1,266 | -98.9% |
| Amounts payable | 17/49 | €30,363 | €42,508 | +€12,145 | +40.0% |
| Amounts payable after more than one year | 17 | €1,151 | - | -€1,151 | |
| Financial debts | 170/4 | €1,151 | - | -€1,151 | |
| Amounts payable within one year | 42/48 | €27,444 | €42,508 | +€15,064 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €6,847 | €1,151 | -€5,696 | -83.2% |
| Trade debts | 44 | €592 | €11,991 | +€11,399 | +1924.3% |
| Suppliers | 440/4 | €592 | €11,991 | +€11,399 | +1924.3% |
| Taxes, remuneration and social security | 45 | €474 | €2,490 | +€2,016 | +425.8% |
| Taxes | 450/3 | €248 | €2,490 | +€2,243 | +906.0% |
| Remuneration and social security | 454/9 | €226 | - | -€226 | |
| Other amounts payable | 47/48 | €19,532 | €26,876 | +€7,345 | +37.6% |
| Accrued charges and deferred income | 492/3 | €1,768 | - | -€1,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,046 | €7,349 | -€697 | -8.7% |
| Other operating charges | 640/8 | €844 | €818 | -€26 | -3.1% |
| Gross operating margin | 9900 | €11,280 | €17,383 | +€6,102 | +54.1% |
| Operating profit (loss) | 9901 | €2,391 | €9,216 | +€6,825 | +285.5% |
| Financial income | 75/76B | €8 | €91 | +€84 | +1113.3% |
| Recurring financial income | 75 | €8 | €91 | +€84 | +1113.3% |
| Financial charges | 65/66B | €593 | €131 | -€462 | -77.9% |
| Recurring financial charges | 65 | €593 | €131 | -€462 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €1,805 | €9,176 | +€7,371 | +408.4% |
| Income taxes | 67/77 | €621 | €2,243 | +€1,622 | +261.4% |
| Profit (loss) for the period | 9904 | €1,184 | €6,934 | +€5,749 | +485.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,184 | €6,934 | +€5,749 | +485.4% |
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 5 October 2026 via checked.be.