AZRAM: 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.
AZRAM
Largest movements
- Cash -€15,625
down €15,625 (-41.1%), from €38,059 to €22,434
mainly Other debts (-€18,382) and Tax, wage and social debts (-€3,507)
- Tangible fixed assets -€634
down €634 (-19.0%), from €3,343 to €2,709
of which Furniture and vehicles: -€615
- Other debts -€18,382
down €18,382 (-89.5%), from €20,549 to €2,168
- Profit (loss) carried forward +€5,031
no longer reported in 2025 (was -€5,031)
- Tax, wage and social debts -€3,507
down €3,507 (-41.4%), from €8,469 to €4,961
of which Remuneration and social security: -€2,845
- Gross operating margin +€9,905
up €9,905 (+59.9%), from €16,550 to €26,455
- Staff costs +€2,214
up €2,214 (+24.4%), from €9,091 to €11,304
- Taxes +€1,364
up €1,364 (+78.8%), from €1,731 to €3,095
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.
Cash bridge derived
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 | €46,019 | €29,533 | -€16,487 | -35.8% |
| Fixed assets | 21/28 | €3,343 | €2,709 | -€634 | -19.0% |
| Tangible fixed assets | 22/27 | €3,343 | €2,709 | -€634 | -19.0% |
| Furniture and vehicles | 24 | €3,325 | €2,709 | -€615 | -18.5% |
| Other tangible fixed assets | 26 | €18 | - | -€18 | |
| Current assets | 29/58 | €42,677 | €26,823 | -€15,853 | -37.1% |
| Stocks and contracts in progress | 3 | €2,891 | €2,891 | = | 0.0% |
| Stocks | 30/36 | €2,891 | €2,891 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,727 | €1,498 | -€228 | -13.2% |
| Trade receivables | 40 | €961 | €941 | -€20 | -2.1% |
| Other amounts receivable | 41 | €766 | €557 | -€209 | -27.2% |
| Cash at bank and in hand | 54/58 | €38,059 | €22,434 | -€15,625 | -41.1% |
| Total equity and liabilities | 10/49 | €46,019 | €29,533 | -€16,487 | -35.8% |
| Equity | 10/15 | €13,569 | €18,838 | +€5,269 | +38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €238 | +€238 | |
| Distributable reserves | 133 | - | €238 | +€238 | |
| Profit (loss) carried forward | 14 | -€5,031 | - | +€5,031 | |
| Amounts payable | 17/49 | €32,450 | €10,694 | -€21,756 | -67.0% |
| Amounts payable within one year | 42/48 | €32,450 | €10,694 | -€21,756 | -67.0% |
| Trade debts | 44 | €3,432 | €3,565 | +€133 | +3.9% |
| Suppliers | 440/4 | €3,432 | €3,565 | +€133 | +3.9% |
| Taxes, remuneration and social security | 45 | €8,469 | €4,961 | -€3,507 | -41.4% |
| Taxes | 450/3 | €5,024 | €4,361 | -€663 | -13.2% |
| Remuneration and social security | 454/9 | €3,445 | €600 | -€2,845 | -82.6% |
| Other amounts payable | 47/48 | €20,549 | €2,168 | -€18,382 | -89.5% |
| Remuneration, social security and pensions | 62 | €9,091 | €11,304 | +€2,214 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,807 | €1,725 | -€82 | -4.5% |
| Other operating charges | 640/8 | €5,113 | €4,891 | -€222 | -4.3% |
| Gross operating margin | 9900 | €16,550 | €26,455 | +€9,905 | +59.9% |
| Operating profit (loss) | 9901 | €539 | €8,534 | +€7,995 | +1483.0% |
| Financial income | 75/76B | €16 | €12 | -€4 | -26.9% |
| Recurring financial income | 75 | €16 | €12 | -€4 | -26.9% |
| Financial charges | 65/66B | €154 | €181 | +€28 | +18.0% |
| Recurring financial charges | 65 | €154 | €181 | +€28 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €402 | €8,364 | +€7,963 | +1983.0% |
| Income taxes | 67/77 | €1,731 | €3,095 | +€1,364 | +78.8% |
| Profit (loss) for the period | 9904 | -€1,330 | €5,269 | +€6,599 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,330 | €5,269 | +€6,599 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.