Belgian Extra Azaleas: 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.
Belgian Extra Azaleas
Largest movements
- Cash +€441,364
up €441,364 (+183%), from €241,644 to €683,008
mainly Current investments (+€400,000) and Other debts (+€300,189)
- Current investments -€400,000
down €400,000 (-100%), from €400,000 to €0
- Receivables within one year -€52,012
down €52,012 (-36.1%), from €144,060 to €92,047
of which Trade receivables: -€46,305
- Deferred charges and accrued income -€12,012
down €12,012 (-72.2%), from €16,633 to €4,621
- Tangible fixed assets +€11,024
up €11,024 (+6.2%), from €178,726 to €189,750
of which Land and buildings: +€14,174
- Other debts +€300,189
up €300,189 (+1,017,936%), from €29 to €300,219
- Reserves -€300,000
down €300,000 (-42.3%), from €709,760 to €409,760
of which Distributable reserves: -€300,000
- Trade debts -€38,905
down €38,905 (-78.6%), from €49,510 to €10,604
- Profit (loss) carried forward +€21,204
up €21,204 (+164%), from €12,943 to €34,148
- Depreciation -€15,985
down €15,985 (-26.9%), from €59,494 to €43,509
- Taxes +€4,545
up €4,545 (+504%), from €903 to €5,448
- Financial income +€2,413
up €2,413 (+18.4%), from €13,111 to €15,524
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 | €999,173 | €977,360 | -€21,812 | -2.2% |
| Fixed assets | 21/28 | €178,726 | €189,750 | +€11,024 | +6.2% |
| Tangible fixed assets | 22/27 | €178,726 | €189,750 | +€11,024 | +6.2% |
| Land and buildings | 22 | €152,542 | €166,716 | +€14,174 | +9.3% |
| Plant, machinery and equipment | 23 | €26,184 | €23,034 | -€3,150 | -12.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €820,447 | €787,610 | -€32,836 | -4.0% |
| Stocks and contracts in progress | 3 | €18,110 | €7,934 | -€10,176 | -56.2% |
| Stocks | 30/36 | €18,110 | €7,934 | -€10,176 | -56.2% |
| Amounts receivable within one year | 40/41 | €144,060 | €92,047 | -€52,012 | -36.1% |
| Trade receivables | 40 | €125,018 | €78,712 | -€46,305 | -37.0% |
| Other amounts receivable | 41 | €19,042 | €13,335 | -€5,707 | -30.0% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100% |
| Cash at bank and in hand | 54/58 | €241,644 | €683,008 | +€441,364 | +183% |
| Deferred charges and accrued income | 490/1 | €16,633 | €4,621 | -€12,012 | -72.2% |
| Total equity and liabilities | 10/49 | €999,173 | €977,360 | -€21,812 | -2.2% |
| Equity | 10/15 | €940,117 | €658,793 | -€281,324 | -29.9% |
| Contributions | 10/11 | €207,600 | €207,600 | = | 0.0% |
| Capital | 10 | €207,600 | €207,600 | = | 0.0% |
| Issued capital | 100 | €207,600 | €207,600 | = | 0.0% |
| Reserves | 13 | €709,760 | €409,760 | -€300,000 | -42.3% |
| Non-distributable reserves | 130/1 | €20,760 | €20,760 | = | 0.0% |
| Legal reserve | 130 | €20,760 | €20,760 | = | 0.0% |
| Distributable reserves | 133 | €689,000 | €389,000 | -€300,000 | -43.5% |
| Profit (loss) carried forward | 14 | €12,943 | €34,148 | +€21,204 | +164% |
| Investment grants | 15 | €9,814 | €7,285 | -€2,529 | -25.8% |
| Amounts payable | 17/49 | €59,055 | €318,567 | +€259,512 | +439% |
| Amounts payable within one year | 42/48 | €59,055 | €318,567 | +€259,512 | +439% |
| Trade debts | 44 | €49,510 | €10,604 | -€38,905 | -78.6% |
| Suppliers | 440/4 | €49,510 | €10,604 | -€38,905 | -78.6% |
| Taxes, remuneration and social security | 45 | €9,516 | €7,745 | -€1,772 | -18.6% |
| Taxes | 450/3 | €205 | €341 | +€136 | +66.1% |
| Remuneration and social security | 454/9 | €9,311 | €7,404 | -€1,907 | -20.5% |
| Other amounts payable | 47/48 | €29 | €300,219 | +€300,189 | +1,017,936% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €153,858 | €155,618 | +€1,760 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,494 | €43,509 | -€15,985 | -26.9% |
| Other operating charges | 640/8 | €3,465 | €3,979 | +€515 | +14.9% |
| Gross operating margin | 9900 | €216,444 | €215,109 | -€1,335 | -0.6% |
| Operating profit (loss) | 9901 | -€373 | €12,002 | +€12,375 | |
| Financial income | 75/76B | €13,111 | €15,524 | +€2,413 | +18.4% |
| Recurring financial income | 75 | €13,111 | €15,524 | +€2,413 | +18.4% |
| Financial charges | 65/66B | €944 | €874 | -€70 | -7.4% |
| Recurring financial charges | 65 | €944 | €874 | -€70 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €11,794 | €26,652 | +€14,859 | +126% |
| Income taxes | 67/77 | €903 | €5,448 | +€4,545 | +504% |
| Profit (loss) for the period | 9904 | €10,891 | €21,204 | +€10,314 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,891 | €21,204 | +€10,314 | +94.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.