AZRA 61: 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.
AZRA 61
Largest movements
- Receivables within one year +€13,677
up €13,677 (+113%), from €12,086 to €25,763
of which Other amounts receivable: +€15,572
- Cash +€11,270
up €11,270 (+12.8%), from €88,096 to €99,366
mainly Net result for the year (+€31,248) and Depreciation (+€12,329)
- Tangible fixed assets -€7,296
down €7,296 (-18.5%), from €39,367 to €32,071
of which Furniture and vehicles: -€8,161
- Stocks and contracts -€5,964
down €5,964 (-54.7%), from €10,900 to €4,936
- Reserves +€30,391
up €30,391 (+29.6%), from €102,609 to €133,000
- Debts after one year -€10,412
down €10,412 (-59.0%), from €17,651 to €7,239
- Tax, wage and social debts -€7,970
down €7,970 (-63.6%), from €12,535 to €4,565
- Gross operating margin +€17,451
up €17,451 (+61.1%), from €28,569 to €46,020
- Taxes -€8,806
down €8,806 (-80.9%), from €10,883 to €2,077
- Financial income +€4,987
up €4,987 (+20,755%), from €24 to €5,011
of which Non-recurring financial income: +€4,312
- Other operating charges -€1,183
down €1,183 (-31.3%), from €3,777 to €2,594
- Depreciation +€711
up €711 (+6.1%), from €11,618 to €12,329
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 | €152,887 | €165,480 | +€12,593 | +8.2% |
| Fixed assets | 21/28 | €39,367 | €32,071 | -€7,296 | -18.5% |
| Tangible fixed assets | 22/27 | €39,367 | €32,071 | -€7,296 | -18.5% |
| Plant, machinery and equipment | 23 | - | €865 | +€865 | |
| Furniture and vehicles | 24 | €39,367 | €31,206 | -€8,161 | -20.7% |
| Current assets | 29/58 | €113,520 | €133,409 | +€19,889 | +17.5% |
| Stocks and contracts in progress | 3 | €10,900 | €4,936 | -€5,964 | -54.7% |
| Stocks | 30/36 | €10,900 | €4,936 | -€5,964 | -54.7% |
| Amounts receivable within one year | 40/41 | €12,086 | €25,763 | +€13,677 | +113% |
| Trade receivables | 40 | €1,908 | €13 | -€1,895 | -99.3% |
| Other amounts receivable | 41 | €10,178 | €25,750 | +€15,572 | +153% |
| Cash at bank and in hand | 54/58 | €88,096 | €99,366 | +€11,270 | +12.8% |
| Deferred charges and accrued income | 490/1 | €2,439 | €3,345 | +€906 | +37.1% |
| Total equity and liabilities | 10/49 | €152,887 | €165,480 | +€12,593 | +8.2% |
| Equity | 10/15 | €109,114 | €140,362 | +€31,248 | +28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €102,609 | €133,000 | +€30,391 | +29.6% |
| Distributable reserves | 133 | €102,609 | €133,000 | +€30,391 | +29.6% |
| Profit (loss) carried forward | 14 | €304 | €1,162 | +€858 | +282% |
| Amounts payable | 17/49 | €43,773 | €25,118 | -€18,656 | -42.6% |
| Amounts payable after more than one year | 17 | €17,651 | €7,239 | -€10,412 | -59.0% |
| Financial debts | 170/4 | €17,651 | €7,239 | -€10,412 | -59.0% |
| Amounts payable within one year | 42/48 | €26,122 | €17,879 | -€8,243 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €9,901 | €10,412 | +€512 | +5.2% |
| Trade debts | 44 | €3,271 | €2,902 | -€370 | -11.3% |
| Suppliers | 440/4 | €3,271 | €2,902 | -€370 | -11.3% |
| Taxes, remuneration and social security | 45 | €12,535 | €4,565 | -€7,970 | -63.6% |
| Taxes | 450/3 | €12,535 | €4,565 | -€7,970 | -63.6% |
| Other amounts payable | 47/48 | €415 | - | -€415 | |
| Non-recurring operating income | 76A | €8,542 | €1,141 | -€7,401 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,618 | €12,329 | +€711 | +6.1% |
| Other operating charges | 640/8 | €3,777 | €2,594 | -€1,183 | -31.3% |
| Gross operating margin | 9900 | €28,569 | €46,020 | +€17,451 | +61.1% |
| Operating profit (loss) | 9901 | €13,174 | €31,097 | +€17,923 | +136% |
| Financial income | 75/76B | €24 | €5,011 | +€4,987 | +20,755% |
| Recurring financial income | 75 | €24 | €700 | +€676 | +2,812% |
| Non-recurring financial income | 76B | - | €4,312 | +€4,312 | |
| Financial charges | 65/66B | €2,146 | €2,783 | +€637 | +29.7% |
| Recurring financial charges | 65 | €2,146 | €2,783 | +€637 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €11,052 | €33,326 | +€22,273 | +202% |
| Income taxes | 67/77 | €10,883 | €2,077 | -€8,806 | -80.9% |
| Profit (loss) for the period | 9904 | €169 | €31,248 | +€31,079 | +18,404% |
| Profit (loss) for the period to be appropriated | 9905 | €169 | €31,248 | +€31,079 | +18,404% |
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 23 October 2026 via checked.be.