DEN AZALEE: what changed
What changed
DEN AZALEE
NACE 88.993, Social work activities without accommodation
filed annual accounts (NBB)
Net result for the year
€340,447
2024 · €711,844-€371,398
Equity
€15.5m
2024 · €15.2m+€372,867
Cash
€1.4m
2024 · €1.6m-€234,921
Balance sheet total
€17.3m
2024 · €16.5m+€781,812
Largest movements
Assets
- Current investments +€999,944
up €999,944 (+28.1%), from €3.6m to €4.6m
- Receivables within one year -€330,714
down €330,714 (-18.0%), from €1.8m to €1.5m
of which Other amounts receivable: -€246,354
- Tangible fixed assets +€308,823
up €308,823 (+4.2%), from €7.3m to €7.6m
of which Assets under construction and advance payments: +€377,289
- Cash -€234,921
down €234,921 (-14.3%), from €1.6m to €1.4m
mainly Current investments (-€999,944) and Investment in fixed assets (net) (-€848,737)
Equity and liabilities
- Debts within one year +€386,526
up €386,526 (+29.0%), from €1.3m to €1.7m
- Profit (loss) carried forward +€273,447
up €273,447 (+2.3%), from €12.1m to €12.3m
Income statement
- Services and other goods +€298,373
up €298,373 (+24.0%), from €1.2m to €1.5m
- Staff costs +€287,495
up €287,495 (+3.9%), from €7.4m to €7.7m
- Turnover +€130,267
up €130,267 (+2.9%), from €4.5m to €4.7m
- Goods and materials -€84,508
down €84,508 (-22.2%), from €380,951 to €296,443
of which Change in stocks: decrease (increase): -€56,021
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€711,844
Turnover
+€130,267
Other operating income
-€7,679
Goods and materials
+€84,508
Services and other goods
-€298,373
Staff costs
-€287,495
Depreciation
+€37,162
Other operating charges
-€44,419
Other operating items
+€45,614
Financial income
-€28,912
Financial charges
-€2,070
Result 2025
€340,447
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
-€1.8m
Financing
+€32,420
Cash 2024
€1.6m
From operations (derived)
+€1.6m
Net result for the year
+€340,447
Depreciation
+€532,401
Stocks and contracts
-€40,262
Receivables within one year
+€330,714
Deferred charges and accrued income
+€9,095
Debts within one year
+€386,526
Accrued charges and deferred income
+€22,419
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€848,737
Current investments
-€999,944
Financing
+€32,420
Contributions, distributions and other
+€32,420
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,501,844 | €17,283,656 | +€781,812 | +4.7% |
| Fixed assets | 21/28 | €9,310,437 | €9,626,774 | +€316,337 | +3.4% |
| Intangible fixed assets | 21 | €16,995 | €21,912 | +€4,918 | +28.9% |
| Tangible fixed assets | 22/27 | €7,323,663 | €7,632,486 | +€308,823 | +4.2% |
| Land and buildings | 22 | €6,051,138 | €5,900,427 | -€150,712 | -2.5% |
| Plant, machinery and equipment | 23 | €532,195 | €606,062 | +€73,867 | +13.9% |
| Furniture and vehicles | 24 | €178,098 | €188,428 | +€10,331 | +5.8% |
| Other tangible fixed assets | 26 | €4,580 | €2,627 | -€1,953 | -42.6% |
| Assets under construction and advance payments | 27 | €557,652 | €934,941 | +€377,289 | +67.7% |
| Financial fixed assets | 28 | €1,969,779 | €1,972,376 | +€2,597 | +0.1% |
| Affiliated companies | 280/1 | €1,939,849 | €1,942,446 | +€2,597 | +0.1% |
| Participating interests | 280 | €1,939,849 | €1,942,446 | +€2,597 | +0.1% |
| Other financial fixed assets | 284/8 | €29,930 | €29,930 | = | 0.0% |
| Shares | 284 | €15,500 | €15,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €14,430 | €14,430 | = | 0.0% |
| Current assets | 29/58 | €7,191,406 | €7,656,882 | +€465,475 | +6.5% |
| Stocks and contracts in progress | 3 | €135,606 | €175,868 | +€40,262 | +29.7% |
| Stocks | 30/36 | €135,606 | €175,868 | +€40,262 | +29.7% |
| Goods purchased for resale | 34 | €135,606 | €175,868 | +€40,262 | +29.7% |
| Amounts receivable within one year | 40/41 | €1,832,864 | €1,502,150 | -€330,714 | -18.0% |
| Trade receivables | 40 | €1,253,647 | €1,169,287 | -€84,361 | -6.7% |
| Other amounts receivable | 41 | €579,217 | €332,863 | -€246,354 | -42.5% |
| Current investments | 50/53 | €3,552,979 | €4,552,923 | +€999,944 | +28.1% |
| Cash at bank and in hand | 54/58 | €1,646,007 | €1,411,086 | -€234,921 | -14.3% |
| Deferred charges and accrued income | 490/1 | €23,949 | €14,854 | -€9,095 | -38.0% |
| Total equity and liabilities | 10/49 | €16,501,844 | €17,283,656 | +€781,812 | +4.7% |
| Equity | 10/15 | €15,165,370 | €15,538,237 | +€372,867 | +2.5% |
| Contributions | 10/11 | €133,416 | €195,308 | +€61,892 | +46.4% |
| Capital | 10 | €133,416 | €195,308 | +€61,892 | +46.4% |
| Reserves | 13 | €2,833,000 | €2,900,000 | +€67,000 | +2.4% |
| Profit (loss) carried forward | 14 | €12,072,238 | €12,345,684 | +€273,447 | +2.3% |
| Investment grants | 15 | €126,716 | €97,244 | -€29,472 | -23.3% |
| Amounts payable | 17/49 | €1,336,474 | €1,745,419 | +€408,945 | +30.6% |
| Amounts payable within one year | 42/48 | €1,334,229 | €1,720,755 | +€386,526 | +29.0% |
| Trade debts | 44 | €459,446 | €650,788 | +€191,342 | +41.6% |
| Suppliers | 440/4 | €459,446 | €650,788 | +€191,342 | +41.6% |
| Taxes, remuneration and social security | 45 | €860,345 | €1,049,841 | +€189,496 | +22.0% |
| Taxes | 450/3 | €140,580 | €166,601 | +€26,022 | +18.5% |
| Remuneration and social security | 454/9 | €719,765 | €883,240 | +€163,474 | +22.7% |
| Accrued charges and deferred income | 492/3 | €2,245 | €24,664 | +€22,419 | +999% |
| Operating income | 70/76A | €10,251,843 | €10,436,542 | +€184,699 | +1.8% |
| Turnover | 70 | €4,525,519 | €4,655,785 | +€130,267 | +2.9% |
| Membership fees, donations, legacies and grants | 73 | €5,441,442 | €5,503,553 | +€62,111 | +1.1% |
| Other operating income | 74 | €284,882 | €277,203 | -€7,679 | -2.7% |
| Operating charges | 60/66A | €9,594,303 | €10,119,418 | +€525,114 | +5.5% |
| Goods for resale, raw materials and consumables | 60 | €380,951 | €296,443 | -€84,508 | -22.2% |
| Purchases | 600/8 | €365,191 | €336,704 | -€28,487 | -7.8% |
| Change in stocks: decrease (increase) | 609 | €15,760 | -€40,262 | -€56,021 | |
| Services and other goods | 61 | €1,245,381 | €1,543,754 | +€298,373 | +24.0% |
| Remuneration, social security and pensions | 62 | €7,371,433 | €7,658,928 | +€287,495 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569,563 | €532,401 | -€37,162 | -6.5% |
| Other operating charges | 640/8 | €43,473 | €87,892 | +€44,419 | +102% |
| Operating profit (loss) | 9901 | €657,540 | €317,124 | -€340,416 | -51.8% |
| Financial income | 75/76B | €72,930 | €44,018 | -€28,912 | -39.6% |
| Recurring financial income | 75 | €72,930 | €44,018 | -€28,912 | -39.6% |
| Income from current assets | 751 | €65,171 | €43,811 | -€21,360 | -32.8% |
| Other financial income | 752/9 | €7,759 | €207 | -€7,552 | -97.3% |
| Financial charges | 65/66B | €18,626 | €20,696 | +€2,070 | +11.1% |
| Recurring financial charges | 65 | €18,626 | €20,696 | +€2,070 | +11.1% |
| Debt charges | 650 | €330 | €238 | -€92 | -27.7% |
| Other financial charges | 652/9 | €18,296 | €20,457 | +€2,161 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €711,844 | €340,447 | -€371,398 | -52.2% |
| Profit (loss) for the period | 9904 | €711,844 | €340,447 | -€371,398 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €711,844 | €340,447 | -€371,398 | -52.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.