Stukadoor Azo: what changed
Stukadoor Azo
Largest movements
- Receivables within one year -€10,087
down €10,087 (-15.4%), from €65,461 to €55,374
of which Trade receivables: -€10,943
- Tangible fixed assets -€4,408
down €4,408 (-45.4%), from €9,717 to €5,309
of which Plant, machinery and equipment: -€5,121
- Cash -€1,647
no longer reported in 2025 (was €1,647)
mainly Trade debts (-€9,793) and Tax, wage and social debts (-€6,158)
- Trade debts -€9,793
down €9,793 (-96.7%), from €10,126 to €333
- Tax, wage and social debts -€6,158
down €6,158 (-79.2%), from €7,771 to €1,613
of which Taxes: -€3,500
- Other debts -€4,597
down €4,597 (-52.1%), from €8,823 to €4,226
- Short-term financial debts +€3,126
new in 2025: €3,126
- Profit (loss) carried forward +€1,280
up €1,280 (+2.6%), from €50,105 to €51,384
- Gross operating margin +€1,345
up €1,345 (+9.8%), from €13,774 to €15,119
- Other operating charges -€1,001
down €1,001 (-36.4%), from €2,754 to €1,753
- Financial charges +€761
up €761 (+17.6%), from €4,314 to €5,076
- Taxes +€537
up €537 (+53.7%), from €1,000 to €1,537
- Depreciation +€357
up €357 (+7.0%), from €5,121 to €5,478
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,825 | €60,683 | -€16,142 | -21.0% |
| Fixed assets | 21/28 | €9,717 | €5,309 | -€4,408 | -45.4% |
| Tangible fixed assets | 22/27 | €9,717 | €5,309 | -€4,408 | -45.4% |
| Plant, machinery and equipment | 23 | €9,717 | €4,595 | -€5,121 | -52.7% |
| Furniture and vehicles | 24 | - | €713 | +€713 | |
| Current assets | 29/58 | €67,108 | €55,374 | -€11,734 | -17.5% |
| Amounts receivable within one year | 40/41 | €65,461 | €55,374 | -€10,087 | -15.4% |
| Trade receivables | 40 | €57,043 | €46,100 | -€10,943 | -19.2% |
| Other amounts receivable | 41 | €8,419 | €9,274 | +€856 | +10.2% |
| Cash at bank and in hand | 54/58 | €1,647 | - | -€1,647 | |
| Total equity and liabilities | 10/49 | €76,825 | €60,683 | -€16,142 | -21.0% |
| Equity | 10/15 | €50,105 | €51,385 | +€1,281 | +2.6% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | €50,105 | €51,384 | +€1,280 | +2.6% |
| Amounts payable | 17/49 | €26,720 | €9,298 | -€17,422 | -65.2% |
| Amounts payable within one year | 42/48 | €26,720 | €9,298 | -€17,422 | -65.2% |
| Financial debts | 43 | - | €3,126 | +€3,126 | |
| Credit institutions | 430/8 | - | €3,126 | +€3,126 | |
| Trade debts | 44 | €10,126 | €333 | -€9,793 | -96.7% |
| Suppliers | 440/4 | €10,126 | €333 | -€9,793 | -96.7% |
| Taxes, remuneration and social security | 45 | €7,771 | €1,613 | -€6,158 | -79.2% |
| Taxes | 450/3 | €4,500 | €1,000 | -€3,500 | -77.8% |
| Remuneration and social security | 454/9 | €3,271 | €613 | -€2,658 | -81.3% |
| Other amounts payable | 47/48 | €8,823 | €4,226 | -€4,597 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,121 | €5,478 | +€357 | +7.0% |
| Other operating charges | 640/8 | €2,754 | €1,753 | -€1,001 | -36.4% |
| Gross operating margin | 9900 | €13,774 | €15,119 | +€1,345 | +9.8% |
| Operating profit (loss) | 9901 | €5,899 | €7,889 | +€1,989 | +33.7% |
| Financial income | 75/76B | €0 | €4 | +€4 | +3,980% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +3,980% |
| Financial charges | 65/66B | €4,314 | €5,076 | +€761 | +17.6% |
| Recurring financial charges | 65 | €4,314 | €5,076 | +€761 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €1,585 | €2,817 | +€1,232 | +77.7% |
| Income taxes | 67/77 | €1,000 | €1,537 | +€537 | +53.7% |
| Profit (loss) for the period | 9904 | €585 | €1,280 | +€694 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €585 | €1,280 | +€694 | +119% |
Next steps
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 7 November 2026 via checked.be.