AZOLLA: 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.
What changed
AZOLLA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,705
2024 · -€128,616+€119,911
Equity
€2.6m
2024 · €2.6m-€8,705
Cash
€4,768
2024 · €6,672-€1,903
Balance sheet total
€5.9m
2024 · €5.8m+€93,112
Largest movements
Assets
- Intangible fixed assets +€62,183
up €62,183 (+9.8%), from €635,480 to €697,663
Equity and liabilities
- Trade debts +€130,902
up €130,902 (+129%), from €101,240 to €232,142
Income statement
- Depreciation -€88,102
down €88,102 (-25.0%), from €353,069 to €264,967
- Turnover +€55,019
up €55,019 (+9.8%), from €562,056 to €617,075
- Staff costs +€36,269
up €36,269 (+9.1%), from €397,236 to €433,505
- Other operating charges +€10,895
up €10,895 (+260%), from €4,194 to €15,089
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.
Result 2024
-€128,616
Turnover
+€55,019
Other operating income
+€4,156
Services and other goods
+€173
Staff costs
-€36,269
Depreciation
+€88,102
Other operating charges
-€10,895
Other operating items
+€20,618
Financial charges
-€992
Result 2025
-€8,705
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€325,247
Investment
-€327,150
Financing
€0
Cash 2024
€6,672
From operations (derived)
+€325,247
Net result for the year
-€8,705
Depreciation
+€264,967
Receivables within one year
-€32,828
Deferred charges and accrued income
-€4
Trade debts
+€130,902
Tax, wage and social debts
-€42,119
Other debts
+€13,033
Investment (derived)
-€327,150
Investment in fixed assets (net)
-€327,150
Cash 2025
€4,768
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,813,498 | €5,906,610 | +€93,112 | +1.6% |
| Fixed assets | 21/28 | €5,799,558 | €5,861,741 | +€62,183 | +1.1% |
| Intangible fixed assets | 21 | €635,480 | €697,663 | +€62,183 | +9.8% |
| Financial fixed assets | 28 | €5,164,078 | €5,164,078 | = | 0.0% |
| Affiliated companies | 280/1 | €5,164,078 | €5,164,078 | = | 0.0% |
| Participating interests | 280 | €5,164,078 | €5,164,078 | = | 0.0% |
| Current assets | 29/58 | €13,941 | €44,869 | +€30,929 | +222% |
| Amounts receivable within one year | 40/41 | €6,438 | €39,266 | +€32,828 | +510% |
| Trade receivables | 40 | - | €32,314 | +€32,314 | |
| Other amounts receivable | 41 | €6,438 | €6,952 | +€514 | +8.0% |
| Cash at bank and in hand | 54/58 | €6,672 | €4,768 | -€1,903 | -28.5% |
| Deferred charges and accrued income | 490/1 | €831 | €835 | +€4 | +0.5% |
| Total equity and liabilities | 10/49 | €5,813,498 | €5,906,610 | +€93,112 | +1.6% |
| Equity | 10/15 | €2,560,557 | €2,551,852 | -€8,705 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,541,957 | €2,533,252 | -€8,705 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,540,097 | €2,531,392 | -€8,705 | -0.3% |
| Amounts payable | 17/49 | €3,252,941 | €3,354,758 | +€101,817 | +3.1% |
| Amounts payable within one year | 42/48 | €3,252,941 | €3,354,758 | +€101,817 | +3.1% |
| Trade debts | 44 | €101,240 | €232,142 | +€130,902 | +129% |
| Suppliers | 440/4 | €101,240 | €232,142 | +€130,902 | +129% |
| Taxes, remuneration and social security | 45 | €150,856 | €108,737 | -€42,119 | -27.9% |
| Taxes | 450/3 | €53,478 | €37,712 | -€15,766 | -29.5% |
| Remuneration and social security | 454/9 | €97,378 | €71,026 | -€26,352 | -27.1% |
| Other amounts payable | 47/48 | €3,000,845 | €3,013,879 | +€13,033 | +0.4% |
| Operating income | 70/76A | €771,716 | €851,509 | +€79,793 | +10.3% |
| Turnover | 70 | €562,056 | €617,075 | +€55,019 | +9.8% |
| Own construction capitalised | 72 | €160,992 | €181,610 | +€20,618 | +12.8% |
| Other operating income | 74 | €48,668 | €52,824 | +€4,156 | +8.5% |
| Operating charges | 60/66A | €821,001 | €779,890 | -€41,110 | -5.0% |
| Services and other goods | 61 | €66,502 | €66,329 | -€173 | -0.3% |
| Remuneration, social security and pensions | 62 | €397,236 | €433,505 | +€36,269 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353,069 | €264,967 | -€88,102 | -25.0% |
| Other operating charges | 640/8 | €4,194 | €15,089 | +€10,895 | +260% |
| Operating profit (loss) | 9901 | -€49,284 | €71,619 | +€120,904 | |
| Financial charges | 65/66B | €79,332 | €80,324 | +€992 | +1.3% |
| Recurring financial charges | 65 | €79,332 | €80,324 | +€992 | +1.3% |
| Debt charges | 650 | €77,750 | €74,229 | -€3,521 | -4.5% |
| Other financial charges | 652/9 | €1,582 | €6,095 | +€4,513 | +285% |
| Profit (loss) for the period before taxes | 9903 | -€128,616 | -€8,705 | +€119,911 | +93.2% |
| Profit (loss) for the period | 9904 | -€128,616 | -€8,705 | +€119,911 | +93.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,616 | -€8,705 | +€119,911 | +93.2% |
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.