AZZAM: 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.
What changed
AZZAM
NACE 96.210, Hairdressing and barber services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€56,727
2024 · €1,839-€58,566
Equity
-€133,994
2024 · -€80,243-€53,751
Cash
€168
2024 · €648-€480
Balance sheet total
€26,423
2024 · €43,227-€16,804
Largest movements
Assets
- Receivables within one year -€16,324
down €16,324 (-38.3%), from €42,579 to €26,255
of which Trade receivables: -€26,353
- Cash -€480
down €480 (-74.1%), from €648 to €168
mainly Net result for the year (-€56,727)
Equity and liabilities
- Profit (loss) carried forward -€53,751
down €53,751 (-66.2%), from -€81,243 to -€134,994
- Other debts +€20,200
up €20,200 (+21.4%), from €94,456 to €114,656
- Trade debts +€9,442
up €9,442, from €0 to €9,442
of which Suppliers: +€9,442
- Tax, wage and social debts +€7,305
up €7,305 (+25.2%), from €29,014 to €36,319
of which Remuneration and social security: +€7,754
Income statement
- Gross operating margin -€55,724
down €55,724, from €29,986 to -€25,738
- Turnover +€6,020
new in 2025: €6,020
- Other operating charges -€4,775
down €4,775 (-99.5%), from €4,800 to €25
- Purchases and services -€4,279
down €4,279 (-11.9%), from €36,037 to €31,758
- Staff costs +€3,118
up €3,118 (+13.4%), from €23,264 to €26,382
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.
Result 2024
€1,839
Gross operating margin
-€55,724
Staff costs
-€3,118
Other operating charges
+€4,775
Other operating items
-€4,389
Financial charges
-€110
Result 2025
-€56,727
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3,456
Investment
€0
Financing
+€2,976
Cash 2024
€648
From operations (derived)
-€3,456
Net result for the year
-€56,727
Receivables within one year
+€16,324
Trade debts
+€9,442
Tax, wage and social debts
+€7,305
Other debts
+€20,200
Financing
+€2,976
Contributions, distributions and other
+€2,976
Cash 2025
€168
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,227 | €26,423 | -€16,804 | -38.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €43,227 | €26,423 | -€16,804 | -38.9% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €42,579 | €26,255 | -€16,324 | -38.3% |
| Trade receivables | 40 | €41,849 | €15,496 | -€26,353 | -63.0% |
| Other amounts receivable | 41 | €729 | €10,759 | +€10,029 | +1,375% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €648 | €168 | -€480 | -74.1% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €43,227 | €26,423 | -€16,804 | -38.9% |
| Equity | 10/15 | -€80,243 | -€133,994 | -€53,751 | -67.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €0 | €0 | = | |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | -€81,243 | -€134,994 | -€53,751 | -66.2% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,470 | €160,416 | +€36,947 | +29.9% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €123,470 | €160,416 | +€36,947 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €0 | €9,442 | +€9,442 | |
| Suppliers | 440/4 | €0 | €9,442 | +€9,442 | |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €29,014 | €36,319 | +€7,305 | +25.2% |
| Taxes | 450/3 | €9,982 | €9,533 | -€449 | -4.5% |
| Remuneration and social security | 454/9 | €19,032 | €26,786 | +€7,754 | +40.7% |
| Other amounts payable | 47/48 | €94,456 | €114,656 | +€20,200 | +21.4% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | - | €6,020 | +€6,020 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €36,037 | €31,758 | -€4,279 | -11.9% |
| Remuneration, social security and pensions | 62 | €23,264 | €26,382 | +€3,118 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €0 | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €4,800 | €25 | -€4,775 | -99.5% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | - | €4,389 | +€4,389 | |
| Gross operating margin | 9900 | €29,986 | -€25,738 | -€55,724 | |
| Operating profit (loss) | 9901 | €1,922 | -€56,534 | -€58,456 | |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €83 | €193 | +€110 | +133% |
| Recurring financial charges | 65 | €83 | €193 | +€110 | +133% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €1,839 | -€56,727 | -€58,566 | |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €1,839 | -€56,727 | -€58,566 | |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,839 | -€56,727 | -€58,566 |
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 15 October 2026 via checked.be.