AZR AMBITION: what changed
AZR AMBITION
Largest movements
- Receivables within one year +€19,449
up €19,449 (+102%), from €19,135 to €38,584
- Cash +€12,627
up €12,627 (+216%), from €5,849 to €18,476
mainly Trade debts (+€33,065) and Stocks and contracts (+€3,075)
- Stocks and contracts -€3,075
down €3,075 (-10.8%), from €28,505 to €25,430
- Trade debts +€33,065
up €33,065 (+1,916%), from €1,726 to €34,791
- Advances received -€8,500
down €8,500 (-97.7%), from €8,700 to €200
- Profit (loss) carried forward +€2,877
up €2,877 (+78.2%), from €3,679 to €6,557
- Gross operating margin +€930
up €930 (+22.9%), from €4,062 to €4,992
- Taxes +€386
up €386 (+67.5%), from €573 to €959
- Depreciation -€82
down €82 (-14.4%), from €573 to €491
- Other operating charges -€55
down €55 (-9.7%), from €566 to €511
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,364 | €82,874 | +€28,510 | +52.4% |
| Fixed assets | 21/28 | €875 | €384 | -€491 | -56.1% |
| Tangible fixed assets | 22/27 | €875 | €384 | -€491 | -56.1% |
| Furniture and vehicles | 24 | €875 | €384 | -€491 | -56.1% |
| Current assets | 29/58 | €53,490 | €82,490 | +€29,001 | +54.2% |
| Stocks and contracts in progress | 3 | €28,505 | €25,430 | -€3,075 | -10.8% |
| Stocks | 30/36 | €28,505 | €25,430 | -€3,075 | -10.8% |
| Amounts receivable within one year | 40/41 | €19,135 | €38,584 | +€19,449 | +102% |
| Trade receivables | 40 | €19,135 | €38,584 | +€19,449 | +102% |
| Cash at bank and in hand | 54/58 | €5,849 | €18,476 | +€12,627 | +216% |
| Total equity and liabilities | 10/49 | €54,364 | €82,874 | +€28,510 | +52.4% |
| Equity | 10/15 | €5,629 | €8,507 | +€2,877 | +51.1% |
| Contributions | 10/11 | €1,950 | €1,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,679 | €6,557 | +€2,877 | +78.2% |
| Amounts payable | 17/49 | €48,735 | €74,368 | +€25,633 | +52.6% |
| Amounts payable within one year | 42/48 | €48,735 | €74,368 | +€25,633 | +52.6% |
| Trade debts | 44 | €1,726 | €34,791 | +€33,065 | +1,916% |
| Suppliers | 440/4 | €1,726 | €34,791 | +€33,065 | +1,916% |
| Advances received on contracts in progress | 46 | €8,700 | €200 | -€8,500 | -97.7% |
| Taxes, remuneration and social security | 45 | €4,634 | €5,065 | +€431 | +9.3% |
| Taxes | 450/3 | €4,634 | €5,065 | +€431 | +9.3% |
| Other amounts payable | 47/48 | €33,675 | €34,312 | +€636 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573 | €491 | -€82 | -14.4% |
| Other operating charges | 640/8 | €566 | €511 | -€55 | -9.7% |
| Gross operating margin | 9900 | €4,062 | €4,992 | +€930 | +22.9% |
| Operating profit (loss) | 9901 | €2,923 | €3,990 | +€1,067 | +36.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €169 | €153 | -€16 | -9.5% |
| Recurring financial charges | 65 | €169 | €153 | -€16 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €2,756 | €3,837 | +€1,080 | +39.2% |
| Income taxes | 67/77 | €573 | €959 | +€386 | +67.5% |
| Profit (loss) for the period | 9904 | €2,184 | €2,877 | +€694 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,184 | €2,877 | +€694 | +31.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.