AZZA & 4T: 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.
AZZA & 4T
Largest movements
- Cash +€7,734
up €7,734 (+148.0%), from €5,226 to €12,960
mainly Net result for the year (+€15,351) and Depreciation (+€5,375)
- Tangible fixed assets -€5,375
down €5,375 (-50.0%), from €10,750 to €5,375
- Deferred charges and accrued income -€559
no longer reported in 2025 (was €559)
- Receivables within one year -€249
down €249 (-27.6%), from €903 to €654
of which Other amounts receivable: -€605
- Profit (loss) carried forward +€15,351
up €15,351, from -€10,501 to €4,850
- Debts after one year -€9,100
down €9,100 (-60.7%), from €15,000 to €5,900
- Tax, wage and social debts -€3,458
down €3,458 (-97.1%), from €3,560 to €102
of which Remuneration and social security: -€3,458
- Other debts -€784
down €784 (-32.8%), from €2,391 to €1,608
- Trade debts -€458
down €458 (-46.4%), from €988 to €529
- Gross operating margin +€15,008
up €15,008 (+100.4%), from €14,944 to €29,951
- Other operating charges +€2,086
up €2,086 (+206.1%), from €1,012 to €3,098
- Staff costs +€1,799
up €1,799 (+43.3%), from €4,158 to €5,957
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 | €17,438 | €18,989 | +€1,551 | +8.9% |
| Fixed assets | 21/28 | €10,750 | €5,375 | -€5,375 | -50.0% |
| Tangible fixed assets | 22/27 | €10,750 | €5,375 | -€5,375 | -50.0% |
| Furniture and vehicles | 24 | €10,750 | €5,375 | -€5,375 | -50.0% |
| Current assets | 29/58 | €6,688 | €13,614 | +€6,926 | +103.6% |
| Amounts receivable within one year | 40/41 | €903 | €654 | -€249 | -27.6% |
| Trade receivables | 40 | - | €356 | +€356 | |
| Other amounts receivable | 41 | €903 | €298 | -€605 | -67.0% |
| Cash at bank and in hand | 54/58 | €5,226 | €12,960 | +€7,734 | +148.0% |
| Deferred charges and accrued income | 490/1 | €559 | - | -€559 | |
| Total equity and liabilities | 10/49 | €17,438 | €18,989 | +€1,551 | +8.9% |
| Equity | 10/15 | -€4,501 | €10,850 | +€15,351 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,501 | €4,850 | +€15,351 | |
| Amounts payable | 17/49 | €21,939 | €8,139 | -€13,800 | -62.9% |
| Amounts payable after more than one year | 17 | €15,000 | €5,900 | -€9,100 | -60.7% |
| Other amounts payable | 178/9 | €15,000 | €5,900 | -€9,100 | -60.7% |
| Amounts payable within one year | 42/48 | €6,939 | €2,239 | -€4,700 | -67.7% |
| Trade debts | 44 | €988 | €529 | -€458 | -46.4% |
| Suppliers | 440/4 | €988 | €529 | -€458 | -46.4% |
| Taxes, remuneration and social security | 45 | €3,560 | €102 | -€3,458 | -97.1% |
| Taxes | 450/3 | €79 | €79 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,481 | €23 | -€3,458 | -99.3% |
| Other amounts payable | 47/48 | €2,391 | €1,608 | -€784 | -32.8% |
| Remuneration, social security and pensions | 62 | €4,158 | €5,957 | +€1,799 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,375 | €5,375 | = | 0.0% |
| Other operating charges | 640/8 | €1,012 | €3,098 | +€2,086 | +206.1% |
| Gross operating margin | 9900 | €14,944 | €29,951 | +€15,008 | +100.4% |
| Operating profit (loss) | 9901 | €4,399 | €15,522 | +€11,123 | +252.9% |
| Financial charges | 65/66B | €154 | €171 | +€17 | +10.9% |
| Recurring financial charges | 65 | €154 | €171 | +€17 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €4,245 | €15,351 | +€11,106 | +261.6% |
| Profit (loss) for the period | 9904 | €4,245 | €15,351 | +€11,106 | +261.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,245 | €15,351 | +€11,106 | +261.6% |
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 2 October 2026 via checked.be.