AZOUZI MB: 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.
AZOUZI MB
Largest movements
- Receivables within one year -€13,363
down €13,363 (-80.7%), from €16,565 to €3,202
of which Trade receivables: -€12,273
- Cash -€2,934
down €2,934 (-62.4%), from €4,701 to €1,767
mainly Trade debts (-€15,727) and Other debts (-€6,222)
- Tangible fixed assets -€2,714
down €2,714 (-45.1%), from €6,023 to €3,308
- Trade debts -€15,727
down €15,727 (-76.2%), from €20,629 to €4,902
- Other debts -€6,222
no longer reported in 2025 (was €6,222)
- Profit (loss) carried forward +€2,938
up €2,938 (+671%), from €438 to €3,376
- Gross operating margin +€5,519
up €5,519 (+175%), from €3,159 to €8,677
- Staff costs +€1,280
new in 2025: €1,280
- Other operating charges +€888
up €888 (+150%), from €591 to €1,479
- Depreciation +€593
up €593 (+28.0%), from €2,121 to €2,714
- Financial charges +€149
up €149 (+1,782%), from €8 to €157
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 | €27,289 | €8,278 | -€19,011 | -69.7% |
| Fixed assets | 21/28 | €6,023 | €3,308 | -€2,714 | -45.1% |
| Tangible fixed assets | 22/27 | €6,023 | €3,308 | -€2,714 | -45.1% |
| Furniture and vehicles | 24 | €6,023 | €3,308 | -€2,714 | -45.1% |
| Current assets | 29/58 | €21,266 | €4,969 | -€16,297 | -76.6% |
| Amounts receivable within one year | 40/41 | €16,565 | €3,202 | -€13,363 | -80.7% |
| Trade receivables | 40 | €15,193 | €2,920 | -€12,273 | -80.8% |
| Other amounts receivable | 41 | €1,372 | €282 | -€1,090 | -79.4% |
| Cash at bank and in hand | 54/58 | €4,701 | €1,767 | -€2,934 | -62.4% |
| Total equity and liabilities | 10/49 | €27,289 | €8,278 | -€19,011 | -69.7% |
| Equity | 10/15 | €438 | €3,376 | +€2,938 | +671% |
| Profit (loss) carried forward | 14 | €438 | €3,376 | +€2,938 | +671% |
| Amounts payable | 17/49 | €26,851 | €4,902 | -€21,949 | -81.7% |
| Amounts payable within one year | 42/48 | €26,851 | €4,902 | -€21,949 | -81.7% |
| Trade debts | 44 | €20,629 | €4,902 | -€15,727 | -76.2% |
| Suppliers | 440/4 | €20,629 | €4,902 | -€15,727 | -76.2% |
| Other amounts payable | 47/48 | €6,222 | - | -€6,222 | |
| Remuneration, social security and pensions | 62 | - | €1,280 | +€1,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,121 | €2,714 | +€593 | +28.0% |
| Other operating charges | 640/8 | €591 | €1,479 | +€888 | +150% |
| Gross operating margin | 9900 | €3,159 | €8,677 | +€5,519 | +175% |
| Operating profit (loss) | 9901 | €446 | €3,204 | +€2,758 | +618% |
| Financial charges | 65/66B | €8 | €157 | +€149 | +1,782% |
| Recurring financial charges | 65 | €8 | €157 | +€149 | +1,782% |
| Profit (loss) for the period before taxes | 9903 | €438 | €3,047 | +€2,609 | +596% |
| Income taxes | 67/77 | - | €109 | +€109 | |
| Profit (loss) for the period | 9904 | €438 | €2,938 | +€2,500 | +571% |
| Profit (loss) for the period to be appropriated | 9905 | €438 | €2,938 | +€2,500 | +571% |
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 25 October 2026 via checked.be.