AZRAK 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.
AZRAK GROUP
Largest movements
- Receivables within one year +€7,587
up €7,587 (+10.2%), from €74,357 to €81,944
of which Trade receivables: +€7,714
- Intangible fixed assets -€7,322
no longer reported in 2025 (was €7,322)
- Tangible fixed assets -€6,193
down €6,193 (-39.9%), from €15,505 to €9,312
of which Furniture and vehicles: -€5,001
- Financial fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Deferred charges and accrued income -€2,039
down €2,039 (-89.7%), from €2,274 to €235
- Trade debts -€17,723
down €17,723 (-50.6%), from €35,060 to €17,337
- Profit (loss) carried forward +€13,185
up €13,185 (+65.1%), from €20,262 to €33,447
- Tax, wage and social debts -€8,602
down €8,602 (-41.8%), from €20,578 to €11,976
of which Remuneration and social security: -€6,092
- Short-term financial debts +€2,173
up €2,173 (+33.1%), from €6,558 to €8,731
of which Credit institutions: +€8,731
- Turnover -€63,640
down €63,640 (-25.6%), from €248,495 to €184,855
- Gross operating margin -€45,182
down €45,182 (-53.3%), from €84,773 to €39,591
- Staff costs -€31,945
down €31,945 (-74.3%), from €43,007 to €11,062
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,458 | €91,491 | -€10,967 | -10.7% |
| Fixed assets | 21/28 | €25,827 | €9,312 | -€16,515 | -63.9% |
| Intangible fixed assets | 21 | €7,322 | - | -€7,322 | |
| Tangible fixed assets | 22/27 | €15,505 | €9,312 | -€6,193 | -39.9% |
| Plant, machinery and equipment | 23 | €2,852 | €1,660 | -€1,192 | -41.8% |
| Furniture and vehicles | 24 | €12,653 | €7,652 | -€5,001 | -39.5% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €76,631 | €82,179 | +€5,548 | +7.2% |
| Amounts receivable within one year | 40/41 | €74,357 | €81,944 | +€7,587 | +10.2% |
| Trade receivables | 40 | €28,085 | €35,799 | +€7,714 | +27.5% |
| Other amounts receivable | 41 | €46,272 | €46,145 | -€127 | -0.3% |
| Deferred charges and accrued income | 490/1 | €2,274 | €235 | -€2,039 | -89.7% |
| Total equity and liabilities | 10/49 | €102,458 | €91,491 | -€10,967 | -10.7% |
| Equity | 10/15 | €40,262 | €53,447 | +€13,185 | +32.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,262 | €33,447 | +€13,185 | +65.1% |
| Amounts payable | 17/49 | €62,196 | €38,044 | -€24,152 | -38.8% |
| Amounts payable within one year | 42/48 | €62,196 | €38,044 | -€24,152 | -38.8% |
| Financial debts | 43 | €6,558 | €8,731 | +€2,173 | +33.1% |
| Credit institutions | 430/8 | - | €8,731 | +€8,731 | |
| Other loans | 439 | €6,558 | - | -€6,558 | |
| Trade debts | 44 | €35,060 | €17,337 | -€17,723 | -50.6% |
| Suppliers | 440/4 | €35,060 | €17,337 | -€17,723 | -50.6% |
| Taxes, remuneration and social security | 45 | €20,578 | €11,976 | -€8,602 | -41.8% |
| Taxes | 450/3 | €9,564 | €7,054 | -€2,510 | -26.2% |
| Remuneration and social security | 454/9 | €11,014 | €4,922 | -€6,092 | -55.3% |
| Turnover | 70 | €248,495 | €184,855 | -€63,640 | -25.6% |
| Non-recurring operating income | 76A | €1,561 | €4,825 | +€3,264 | +209% |
| Remuneration, social security and pensions | 62 | €43,007 | €11,062 | -€31,945 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,178 | €3,189 | -€1,989 | -38.4% |
| Other operating charges | 640/8 | €3,111 | €4,135 | +€1,024 | +32.9% |
| Non-recurring operating charges | 66A | €585 | - | -€585 | |
| Gross operating margin | 9900 | €84,773 | €39,591 | -€45,182 | -53.3% |
| Operating profit (loss) | 9901 | €32,892 | €21,205 | -€11,687 | -35.5% |
| Financial income | 75/76B | - | €839 | +€839 | |
| Recurring financial income | 75 | - | €839 | +€839 | |
| Non-recurring financial income | 76B | - | €839 | +€839 | |
| Financial charges | 65/66B | €477 | €1,678 | +€1,201 | +252% |
| Recurring financial charges | 65 | €477 | €1,678 | +€1,201 | +252% |
| Profit (loss) for the period before taxes | 9903 | €32,415 | €20,366 | -€12,049 | -37.2% |
| Income taxes | 67/77 | €7,049 | €7,181 | +€132 | +1.9% |
| Profit (loss) for the period | 9904 | €25,366 | €13,185 | -€12,181 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,366 | €13,185 | -€12,181 | -48.0% |
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 27 October 2026 via checked.be.