AZZOUZ: 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.
AZZOUZ
Largest movements
- Tangible fixed assets +€36,903
up €36,903 (+691.3%), from €5,338 to €42,241
- Financial fixed assets +€2,100
new in 2025: €2,100
- Cash +€1,504
up €1,504 (+1783.7%), from €84 to €1,588
mainly Trade debts (+€17,606) and Debts after one year (+€15,614)
- Trade debts +€17,606
up €17,606 (+229.4%), from €7,676 to €25,281
- Debts after one year +€15,614
new in 2025: €15,614
- Profit (loss) carried forward +€12,265
up €12,265, from -€6,701 to €5,564
- Other debts -€8,851
down €8,851 (-68.1%), from €12,991 to €4,140
- Current portion of long-term debt +€3,185
new in 2025: €3,185
- Gross operating margin +€6,569
up €6,569 (+28.2%), from €23,282 to €29,852
- Depreciation +€5,012
up €5,012 (+672.3%), from €746 to €5,758
- Other operating charges -€2,678
down €2,678 (-49.0%), from €5,463 to €2,785
- Taxes +€1,804
new in 2025: €1,804
- Staff costs +€561
new in 2025: €561
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 | €21,496 | €61,940 | +€40,444 | +188.1% |
| Fixed assets | 21/28 | €5,338 | €44,341 | +€39,003 | +730.7% |
| Tangible fixed assets | 22/27 | €5,338 | €42,241 | +€36,903 | +691.3% |
| Furniture and vehicles | 24 | €5,338 | €42,241 | +€36,903 | +691.3% |
| Financial fixed assets | 28 | - | €2,100 | +€2,100 | |
| Current assets | 29/58 | €16,158 | €17,599 | +€1,441 | +8.9% |
| Amounts receivable within one year | 40/41 | €16,074 | €16,011 | -€63 | -0.4% |
| Trade receivables | 40 | €16,074 | €13,366 | -€2,708 | -16.8% |
| Other amounts receivable | 41 | - | €2,645 | +€2,645 | |
| Cash at bank and in hand | 54/58 | €84 | €1,588 | +€1,504 | +1783.7% |
| Total equity and liabilities | 10/49 | €21,496 | €61,940 | +€40,444 | +188.1% |
| Equity | 10/15 | -€4,701 | €7,564 | +€12,265 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,701 | €5,564 | +€12,265 | |
| Amounts payable | 17/49 | €26,197 | €54,376 | +€28,179 | +107.6% |
| Amounts payable after more than one year | 17 | - | €15,614 | +€15,614 | |
| Financial debts | 170/4 | - | €15,614 | +€15,614 | |
| Amounts payable within one year | 42/48 | €26,197 | €38,762 | +€12,565 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,185 | +€3,185 | |
| Trade debts | 44 | €7,676 | €25,281 | +€17,606 | +229.4% |
| Suppliers | 440/4 | €7,676 | €25,281 | +€17,606 | +229.4% |
| Taxes, remuneration and social security | 45 | €5,530 | €6,155 | +€625 | +11.3% |
| Taxes | 450/3 | €3,930 | €6,123 | +€2,193 | +55.8% |
| Remuneration and social security | 454/9 | €1,600 | €32 | -€1,568 | -98.0% |
| Other amounts payable | 47/48 | €12,991 | €4,140 | -€8,851 | -68.1% |
| Remuneration, social security and pensions | 62 | - | €561 | +€561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €746 | €5,758 | +€5,012 | +672.3% |
| Other operating charges | 640/8 | €5,463 | €2,785 | -€2,678 | -49.0% |
| Non-recurring operating charges | 66A | €6,502 | €6,194 | -€308 | -4.7% |
| Gross operating margin | 9900 | €23,282 | €29,852 | +€6,569 | +28.2% |
| Operating profit (loss) | 9901 | €10,572 | €14,554 | +€3,983 | +37.7% |
| Financial income | 75/76B | €0 | €5 | +€5 | +6350.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +6350.0% |
| Financial charges | 65/66B | €277 | €490 | +€213 | +77.1% |
| Recurring financial charges | 65 | €277 | €490 | +€213 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €10,295 | €14,069 | +€3,774 | +36.7% |
| Income taxes | 67/77 | - | €1,804 | +€1,804 | |
| Profit (loss) for the period | 9904 | €10,295 | €12,265 | +€1,970 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,295 | €12,265 | +€1,970 | +19.1% |
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 10 October 2026 via checked.be.