Azon Group: 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.
Azon Group
Largest movements
- Receivables within one year +€9,290
up €9,290 (+39.3%), from €23,666 to €32,956
of which Trade receivables: +€5,042
- Tangible fixed assets +€3,688
up €3,688 (+322%), from €1,146 to €4,834
of which Plant, machinery and equipment: +€3,786
- Cash +€2,292
up €2,292 (+406%), from €564 to €2,856
mainly Tax, wage and social debts (+€25,830) and Short-term financial debts (+€2,667)
- Deferred charges and accrued income +€1,081
new in 2025: €1,081
- Tax, wage and social debts +€25,830
up €25,830 (+115%), from €22,434 to €48,264
of which Remuneration and social security: +€15,909
- Profit (loss) carried forward -€15,547
down €15,547 (-178%), from -€8,716 to -€24,262
- Short-term financial debts +€2,667
up €2,667 (+21,390%), from €12 to €2,680
- Trade debts +€2,054
up €2,054 (+248%), from €827 to €2,882
- Other debts +€1,345
up €1,345 (+16.2%), from €8,319 to €9,664
- Gross operating margin +€40,067
up €40,067, from -€7,577 to €32,490
- Staff costs +€39,471
up €39,471 (+7,472%), from €528 to €39,999
- Depreciation +€1,616
up €1,616 (+288%), from €560 to €2,176
- Other operating charges +€542
up €542 (+49.4%), from €1,097 to €1,639
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 | €25,377 | €41,727 | +€16,350 | +64.4% |
| Fixed assets | 21/28 | €1,146 | €4,834 | +€3,688 | +322% |
| Tangible fixed assets | 22/27 | €1,146 | €4,834 | +€3,688 | +322% |
| Plant, machinery and equipment | 23 | €801 | €4,587 | +€3,786 | +472% |
| Furniture and vehicles | 24 | €345 | €247 | -€98 | -28.3% |
| Current assets | 29/58 | €24,230 | €36,893 | +€12,663 | +52.3% |
| Amounts receivable within one year | 40/41 | €23,666 | €32,956 | +€9,290 | +39.3% |
| Trade receivables | 40 | €20,221 | €25,263 | +€5,042 | +24.9% |
| Other amounts receivable | 41 | €3,445 | €7,692 | +€4,248 | +123% |
| Cash at bank and in hand | 54/58 | €564 | €2,856 | +€2,292 | +406% |
| Deferred charges and accrued income | 490/1 | - | €1,081 | +€1,081 | |
| Total equity and liabilities | 10/49 | €25,377 | €41,727 | +€16,350 | +64.4% |
| Equity | 10/15 | -€6,216 | -€21,762 | -€15,547 | -250% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,716 | -€24,262 | -€15,547 | -178% |
| Amounts payable | 17/49 | €31,592 | €63,489 | +€31,897 | +101% |
| Amounts payable within one year | 42/48 | €31,592 | €63,489 | +€31,897 | +101% |
| Financial debts | 43 | €12 | €2,680 | +€2,667 | +21,390% |
| Credit institutions | 430/8 | €12 | €2,680 | +€2,667 | +21,390% |
| Trade debts | 44 | €827 | €2,882 | +€2,054 | +248% |
| Suppliers | 440/4 | €827 | €2,882 | +€2,054 | +248% |
| Taxes, remuneration and social security | 45 | €22,434 | €48,264 | +€25,830 | +115% |
| Taxes | 450/3 | €3,404 | €13,325 | +€9,921 | +291% |
| Remuneration and social security | 454/9 | €19,030 | €34,939 | +€15,909 | +83.6% |
| Other amounts payable | 47/48 | €8,319 | €9,664 | +€1,345 | +16.2% |
| Remuneration, social security and pensions | 62 | €528 | €39,999 | +€39,471 | +7,472% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €2,176 | +€1,616 | +288% |
| Other operating charges | 640/8 | €1,097 | €1,639 | +€542 | +49.4% |
| Gross operating margin | 9900 | -€7,577 | €32,490 | +€40,067 | |
| Operating profit (loss) | 9901 | -€9,763 | -€11,325 | -€1,562 | -16.0% |
| Financial income | 75/76B | €37 | €280 | +€243 | +649% |
| Recurring financial income | 75 | €37 | €280 | +€243 | +649% |
| Financial charges | 65/66B | €4,339 | €4,426 | +€86 | +2.0% |
| Recurring financial charges | 65 | €4,339 | €4,426 | +€86 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,065 | -€15,471 | -€1,406 | -10.0% |
| Income taxes | 67/77 | - | €76 | +€76 | |
| Profit (loss) for the period | 9904 | -€14,065 | -€15,547 | -€1,482 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,065 | -€15,547 | -€1,482 | -10.5% |
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 18 October 2026 via checked.be.