AZUDOEMEDA: 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.
AZUDOEMEDA
Largest movements
- Cash +€4,497
up €4,497 (+231%), from €1,951 to €6,449
mainly Other debts (+€14,624) and Depreciation (+€6,160)
- Tangible fixed assets +€2,481
up €2,481 (+13.2%), from €18,742 to €21,223
of which Plant, machinery and equipment: +€1,836
- Receivables within one year -€1,057
no longer reported in 2025 (was €1,057)
- Formation expenses -€560
down €560 (-31.3%), from €1,790 to €1,230
- Other debts +€14,624
up €14,624 (+88.7%), from €16,489 to €31,113
- Profit (loss) carried forward -€7,970
down €7,970, from €3,220 to -€4,750
- Trade debts -€1,245
down €1,245 (-73.4%), from €1,695 to €450
- Accrued charges and deferred income +€305
new in 2025: €305
- Gross operating margin -€12,317
down €12,317, from €10,922 to -€1,395
- Depreciation +€1,140
up €1,140 (+22.7%), from €5,021 to €6,160
- Taxes -€440
no longer reported in 2025 (was €440)
- Other operating charges +€165
up €165 (+92.0%), from €180 to €345
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 | €23,844 | €29,342 | +€5,498 | +23.1% |
| Formation expenses | 20 | €1,790 | €1,230 | -€560 | -31.3% |
| Fixed assets | 21/28 | €18,742 | €21,223 | +€2,481 | +13.2% |
| Tangible fixed assets | 22/27 | €18,742 | €21,223 | +€2,481 | +13.2% |
| Plant, machinery and equipment | 23 | €3,408 | €5,244 | +€1,836 | +53.9% |
| Furniture and vehicles | 24 | €15,333 | €15,979 | +€646 | +4.2% |
| Current assets | 29/58 | €3,313 | €6,889 | +€3,577 | +108% |
| Amounts receivable within one year | 40/41 | €1,057 | - | -€1,057 | |
| Other amounts receivable | 41 | €1,057 | - | -€1,057 | |
| Cash at bank and in hand | 54/58 | €1,951 | €6,449 | +€4,497 | +231% |
| Deferred charges and accrued income | 490/1 | €305 | €441 | +€136 | +44.6% |
| Total equity and liabilities | 10/49 | €23,844 | €29,342 | +€5,498 | +23.1% |
| Equity | 10/15 | €5,220 | -€2,750 | -€7,970 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,220 | -€4,750 | -€7,970 | |
| Amounts payable | 17/49 | €18,624 | €32,093 | +€13,469 | +72.3% |
| Amounts payable within one year | 42/48 | €18,624 | €31,788 | +€13,164 | +70.7% |
| Trade debts | 44 | €1,695 | €450 | -€1,245 | -73.4% |
| Suppliers | 440/4 | €1,695 | €450 | -€1,245 | -73.4% |
| Taxes, remuneration and social security | 45 | €440 | €225 | -€215 | -48.9% |
| Taxes | 450/3 | €440 | €225 | -€215 | -48.9% |
| Other amounts payable | 47/48 | €16,489 | €31,113 | +€14,624 | +88.7% |
| Accrued charges and deferred income | 492/3 | - | €305 | +€305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,021 | €6,160 | +€1,140 | +22.7% |
| Other operating charges | 640/8 | €180 | €345 | +€165 | +92.0% |
| Gross operating margin | 9900 | €10,922 | -€1,395 | -€12,317 | |
| Operating profit (loss) | 9901 | €5,722 | -€7,900 | -€13,622 | |
| Financial charges | 65/66B | €69 | €70 | +€1 | +1.9% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €5,653 | -€7,970 | -€13,623 | |
| Income taxes | 67/77 | €440 | - | -€440 | |
| Profit (loss) for the period | 9904 | €5,213 | -€7,970 | -€13,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,213 | -€7,970 | -€13,183 |
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 21 October 2026 via checked.be.