AZRAF DEP: 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.
AZRAF DEP
Largest movements
- Tangible fixed assets +€14,067
up €14,067 (+370%), from €3,800 to €17,866
- Cash +€5,195
up €5,195 (+16.4%), from €31,614 to €36,809
mainly Trade debts (+€13,914) and Tax, wage and social debts (+€5,440)
- Receivables within one year +€2,444
up €2,444 (+37.1%), from €6,592 to €9,036
- Trade debts +€13,914
up €13,914 (+135%), from €10,341 to €24,254
- Tax, wage and social debts +€5,440
up €5,440 (+88.4%), from €6,154 to €11,594
of which Taxes: +€3,194
- Profit (loss) carried forward +€1,852
up €1,852 (+10.7%), from €17,253 to €19,105
- Gross operating margin -€3,129
down €3,129 (-5.8%), from €53,798 to €50,669
- Other operating charges -€2,593
down €2,593 (-82.0%), from €3,162 to €569
- Taxes -€686
down €686 (-55.3%), from €1,241 to €555
- Staff costs +€602
up €602 (+1.3%), from €45,419 to €46,021
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 | €49,408 | €70,613 | +€21,205 | +42.9% |
| Fixed assets | 21/28 | €3,800 | €17,866 | +€14,067 | +370% |
| Tangible fixed assets | 22/27 | €3,800 | €17,866 | +€14,067 | +370% |
| Furniture and vehicles | 24 | €3,800 | €17,866 | +€14,067 | +370% |
| Current assets | 29/58 | €45,609 | €52,747 | +€7,138 | +15.7% |
| Stocks and contracts in progress | 3 | €7,403 | €6,903 | -€500 | -6.8% |
| Stocks | 30/36 | €7,403 | €6,903 | -€500 | -6.8% |
| Amounts receivable within one year | 40/41 | €6,592 | €9,036 | +€2,444 | +37.1% |
| Trade receivables | 40 | €6,592 | €9,036 | +€2,444 | +37.1% |
| Cash at bank and in hand | 54/58 | €31,614 | €36,809 | +€5,195 | +16.4% |
| Total equity and liabilities | 10/49 | €49,408 | €70,613 | +€21,205 | +42.9% |
| Equity | 10/15 | €32,913 | €34,765 | +€1,852 | +5.6% |
| Contributions | 10/11 | €13,800 | €13,800 | = | 0.0% |
| Contributions outside capital | 11 | €13,800 | €13,800 | = | 0.0% |
| Other | 1109/19 | €13,800 | €13,800 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,253 | €19,105 | +€1,852 | +10.7% |
| Amounts payable | 17/49 | €16,495 | €35,848 | +€19,353 | +117% |
| Amounts payable within one year | 42/48 | €16,495 | €35,848 | +€19,353 | +117% |
| Trade debts | 44 | €10,341 | €24,254 | +€13,914 | +135% |
| Suppliers | 440/4 | €10,341 | €24,254 | +€13,914 | +135% |
| Taxes, remuneration and social security | 45 | €6,154 | €11,594 | +€5,440 | +88.4% |
| Taxes | 450/3 | €2,070 | €5,263 | +€3,194 | +154% |
| Remuneration and social security | 454/9 | €4,085 | €6,331 | +€2,246 | +55.0% |
| Non-recurring operating income | 76A | €3,902 | - | -€3,902 | |
| Remuneration, social security and pensions | 62 | €45,419 | €46,021 | +€602 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,846 | €1,433 | -€413 | -22.4% |
| Other operating charges | 640/8 | €3,162 | €569 | -€2,593 | -82.0% |
| Gross operating margin | 9900 | €53,798 | €50,669 | -€3,129 | -5.8% |
| Operating profit (loss) | 9901 | €3,370 | €2,645 | -€725 | -21.5% |
| Financial income | 75/76B | €37 | €35 | -€2 | -4.9% |
| Recurring financial income | 75 | €37 | €35 | -€2 | -4.9% |
| Financial charges | 65/66B | €299 | €274 | -€26 | -8.6% |
| Recurring financial charges | 65 | €299 | €274 | -€26 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €3,108 | €2,406 | -€701 | -22.6% |
| Income taxes | 67/77 | €1,241 | €555 | -€686 | -55.3% |
| Profit (loss) for the period | 9904 | €1,867 | €1,852 | -€15 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,867 | €1,852 | -€15 | -0.8% |
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 19 October 2026 via checked.be.