AZU: what changed
Two fiscal 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.
AZU
Largest movements
- Cash -€14,007
no longer reported in 2025 (was €14,007)
mainly Net result for the year (-€8,473) and Other debts (-€4,000)
- Receivables within one year +€1,490
new in 2025: €1,490
- Profit (loss) carried forward -€8,473
down €8,473 (-12.8%), from -€66,195 to -€74,668
- Other debts -€4,000
down €4,000 (-5.4%), from €74,369 to €70,370
- Trade debts +€2,599
up €2,599 (+360.1%), from €722 to €3,321
- Tax, wage and social debts -€2,222
no longer reported in 2025 (was €2,222)
- Accrued charges and deferred income -€423
down €423 (-47.5%), from €890 to €467
- Gross operating margin +€14,852
up €14,852 (+67.8%), from -€21,904 to -€7,052
- Other operating charges -€1,297
down €1,297 (-93.8%), from €1,383 to €86
- Financial charges +€1,264
up €1,264 (+1805.9%), from €70 to €1,334
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 | €14,007 | €1,490 | -€12,518 | -89.4% |
| Current assets | 29/58 | €14,007 | €1,490 | -€12,518 | -89.4% |
| Amounts receivable within one year | 40/41 | - | €1,490 | +€1,490 | |
| Other amounts receivable | 41 | - | €1,490 | +€1,490 | |
| Cash at bank and in hand | 54/58 | €14,007 | - | -€14,007 | |
| Total equity and liabilities | 10/49 | €14,007 | €1,490 | -€12,518 | -89.4% |
| Equity | 10/15 | -€64,195 | -€72,668 | -€8,473 | -13.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,195 | -€74,668 | -€8,473 | -12.8% |
| Amounts payable | 17/49 | €78,202 | €74,157 | -€4,045 | -5.2% |
| Amounts payable within one year | 42/48 | €77,313 | €73,690 | -€3,622 | -4.7% |
| Trade debts | 44 | €722 | €3,321 | +€2,599 | +360.1% |
| Suppliers | 440/4 | €722 | €3,321 | +€2,599 | +360.1% |
| Taxes, remuneration and social security | 45 | €2,222 | - | -€2,222 | |
| Taxes | 450/3 | €2,222 | - | -€2,222 | |
| Other amounts payable | 47/48 | €74,369 | €70,370 | -€4,000 | -5.4% |
| Accrued charges and deferred income | 492/3 | €890 | €467 | -€423 | -47.5% |
| Other operating charges | 640/8 | €1,383 | €86 | -€1,297 | -93.8% |
| Non-recurring operating charges | 66A | €7,710 | - | -€7,710 | |
| Gross operating margin | 9900 | -€21,904 | -€7,052 | +€14,852 | +67.8% |
| Operating profit (loss) | 9901 | -€30,996 | -€7,138 | +€23,858 | +77.0% |
| Financial charges | 65/66B | €70 | €1,334 | +€1,264 | +1805.9% |
| Recurring financial charges | 65 | €70 | €1,334 | +€1,264 | +1805.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,066 | -€8,473 | +€22,594 | +72.7% |
| Profit (loss) for the period | 9904 | -€31,066 | -€8,473 | +€22,594 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,066 | -€8,473 | +€22,594 | +72.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.