AZEA: 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.
AZEA
Largest movements
- Stocks and contracts -€581
down €581 (-2.4%), from €24,624 to €24,044
- Profit (loss) carried forward -€3,091
down €3,091 (-1,220%), from -€253 to -€3,344
- Other debts +€1,399
up €1,399 (+686%), from €204 to €1,603
- Trade debts +€873
up €873 (+849%), from €103 to €976
- Gross operating margin -€3,711
down €3,711, from €1,961 to -€1,750
- Other operating charges +€600
new in 2025: €600
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 | €25,826 | €25,008 | -€819 | -3.2% |
| Current assets | 29/58 | €25,826 | €25,008 | -€819 | -3.2% |
| Stocks and contracts in progress | 3 | €24,624 | €24,044 | -€581 | -2.4% |
| Stocks | 30/36 | €24,624 | €24,044 | -€581 | -2.4% |
| Amounts receivable within one year | 40/41 | €1,117 | €960 | -€157 | -14.1% |
| Trade receivables | 40 | €1,074 | €917 | -€157 | -14.6% |
| Other amounts receivable | 41 | €43 | €43 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85 | €4 | -€81 | -95.2% |
| Total equity and liabilities | 10/49 | €25,826 | €25,008 | -€819 | -3.2% |
| Equity | 10/15 | €25,191 | €22,100 | -€3,091 | -12.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €445 | €445 | = | 0.0% |
| Non-distributable reserves | 130/1 | €185 | €185 | = | 0.0% |
| Reserves not available under the articles | 1311 | €185 | €185 | = | 0.0% |
| Distributable reserves | 133 | €260 | €260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253 | -€3,344 | -€3,091 | -1,220% |
| Amounts payable | 17/49 | €635 | €2,907 | +€2,272 | +358% |
| Amounts payable within one year | 42/48 | €635 | €2,907 | +€2,272 | +358% |
| Trade debts | 44 | €103 | €976 | +€873 | +849% |
| Suppliers | 440/4 | €103 | €976 | +€873 | +849% |
| Taxes, remuneration and social security | 45 | €328 | €328 | = | 0.0% |
| Taxes | 450/3 | €328 | €328 | = | 0.0% |
| Other amounts payable | 47/48 | €204 | €1,603 | +€1,399 | +686% |
| Other operating charges | 640/8 | - | €600 | +€600 | |
| Non-recurring operating charges | 66A | - | €645 | +€645 | |
| Gross operating margin | 9900 | €1,961 | -€1,750 | -€3,711 | |
| Operating profit (loss) | 9901 | €1,961 | -€2,995 | -€4,956 | |
| Financial charges | 65/66B | €96 | €96 | +€0 | +0.5% |
| Recurring financial charges | 65 | €96 | €96 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €1,865 | -€3,091 | -€4,956 | |
| Profit (loss) for the period | 9904 | €1,865 | -€3,091 | -€4,956 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,865 | -€3,091 | -€4,956 |
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 29 October 2026 via checked.be.