AZVIP: 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.
AZVIP
Largest movements
- Receivables within one year +€33,299
up €33,299 (+139.4%), from €23,879 to €57,178
of which Trade receivables: +€34,316
- Tangible fixed assets +€5,017
up €5,017 (+101.4%), from €4,945 to €9,962
- Deferred charges and accrued income -€1,243
no longer reported in 2025 (was €1,243)
- Cash +€1,149
up €1,149 (+181.9%), from €632 to €1,781
mainly Net result for the year (+€31,301) and Tax, wage and social debts (+€9,305)
- Profit (loss) carried forward +€31,301
up €31,301, from -€29,754 to €1,547
- Tax, wage and social debts +€9,305
up €9,305 (+49.6%), from €18,744 to €28,048
of which Taxes: +€7,355
- Trade debts -€2,938
down €2,938 (-40.6%), from €7,246 to €4,308
- Turnover +€106,068
new in 2025: €106,068
- Purchases and services +€49,561
new in 2025: €49,561
- Financial charges -€31,240
down €31,240 (-93.1%), from €33,571 to €2,331
- Gross operating margin +€20,183
up €20,183 (+55.5%), from €36,381 to €56,564
- Staff costs -€8,547
down €8,547 (-39.6%), from €21,567 to €13,019
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 | €30,699 | €68,921 | +€38,222 | +124.5% |
| Fixed assets | 21/28 | €4,945 | €9,962 | +€5,017 | +101.4% |
| Tangible fixed assets | 22/27 | €4,945 | €9,962 | +€5,017 | +101.4% |
| Furniture and vehicles | 24 | €4,945 | €9,962 | +€5,017 | +101.4% |
| Current assets | 29/58 | €25,753 | €58,959 | +€33,205 | +128.9% |
| Amounts receivable within one year | 40/41 | €23,879 | €57,178 | +€33,299 | +139.4% |
| Trade receivables | 40 | €9,049 | €43,366 | +€34,316 | +379.2% |
| Other amounts receivable | 41 | €14,830 | €13,812 | -€1,018 | -6.9% |
| Cash at bank and in hand | 54/58 | €632 | €1,781 | +€1,149 | +181.9% |
| Deferred charges and accrued income | 490/1 | €1,243 | - | -€1,243 | |
| Total equity and liabilities | 10/49 | €30,699 | €68,921 | +€38,222 | +124.5% |
| Equity | 10/15 | €4,709 | €36,010 | +€31,301 | +664.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,463 | €32,463 | = | 0.0% |
| Distributable reserves | 133 | €32,463 | €32,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,754 | €1,547 | +€31,301 | |
| Amounts payable | 17/49 | €25,990 | €32,911 | +€6,921 | +26.6% |
| Amounts payable within one year | 42/48 | €25,990 | €32,356 | +€6,366 | +24.5% |
| Trade debts | 44 | €7,246 | €4,308 | -€2,938 | -40.6% |
| Suppliers | 440/4 | €7,246 | €4,308 | -€2,938 | -40.6% |
| Taxes, remuneration and social security | 45 | €18,744 | €28,048 | +€9,305 | +49.6% |
| Taxes | 450/3 | €18,084 | €25,440 | +€7,355 | +40.7% |
| Remuneration and social security | 454/9 | €659 | €2,609 | +€1,949 | +295.7% |
| Accrued charges and deferred income | 492/3 | - | €555 | +€555 | |
| Turnover | 70 | - | €106,068 | +€106,068 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €49,561 | +€49,561 | |
| Remuneration, social security and pensions | 62 | €21,567 | €13,019 | -€8,547 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,174 | €2,850 | -€2,324 | -44.9% |
| Other operating charges | 640/8 | €6,931 | €661 | -€6,270 | -90.5% |
| Gross operating margin | 9900 | €36,381 | €56,564 | +€20,183 | +55.5% |
| Operating profit (loss) | 9901 | €2,709 | €40,033 | +€37,324 | +1377.7% |
| Financial income | 75/76B | €1,107 | €155 | -€952 | -86.0% |
| Recurring financial income | 75 | €1,107 | €155 | -€952 | -86.0% |
| Financial charges | 65/66B | €33,571 | €2,331 | -€31,240 | -93.1% |
| Recurring financial charges | 65 | €33,571 | €2,331 | -€31,240 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,754 | €37,858 | +€67,613 | |
| Income taxes | 67/77 | - | €6,557 | +€6,557 | |
| Profit (loss) for the period | 9904 | -€29,754 | €31,301 | +€61,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,754 | €31,301 | +€61,056 |
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 5 October 2026 via checked.be.