AZO
Annual accounts 2025
full format, filed on 17-07-2026, 14 days before the deadline€46.4m
▲ 8.9%
€6.5m
▲ 16.5%
€6.8m
▲ 15.7%
€5.1m
▲ 8.4%
32.1%
▲ 5.0 percentage points
1.41
▲ 0.11
Money flows
of every €100 of turnover, €10.18 remains as profit in 2025Balance sheet
balance sheet total €38.5m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
32.1%
Higher than 36% of 384 companies in 2025.
1.41
Higher than 38% of 382 companies in 2025.
12.3%
Higher than 80% of 383 companies in 2025.
AZO
Middle half of the sector
80% of the sector
Full accounts in machinery and equipment (NACE 28)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
Men and women15% women
109.8 men and 20 women in full-time equivalents in 2025.
€108,669
Men €111,871, women €91,094 per full-time equivalent. Jobs differ, so this is not a pay gap.
+2 people
people who joined
people who left
In 2025, 16 people joined and 14 left. Training hours in 2025: 5,641.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
38.5m | 39.3m | 50.1m | 37.0m | 31.5m | 29.8m | 25.5m | 25.2m | 24.1m | 19.6m | 21.0m | 14.3m | 11.5m | 11.1m | 10.3m | 9.6m | 9.0m | 9.0m | 10.9m | |
20 |
0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
2.8m | 2.8m | 2.9m | 3.1m | 3.1m | 3.4m | 3.9m | 3.9m | 4.3m | 2.3m | 1.5m | 975,883 | 975,143 | 1.1m | 1.2m | 965,631 | 1.1m | 1.3m | 1.6m | |
21 |
30,205 | 6,999 | 0 | 0 | 24,505 | 57,388 | 90,271 | 181 | 548 | 940 | 1,561 | 3,701 | 1,866 | 3,507 | - | - | - | - | - | |
22/27 |
2.3m | 2.4m | 2.5m | 2.7m | 2.7m | 3.0m | 3.4m | 3.6m | 3.9m | 1.9m | 926,823 | 971,135 | 972,350 | 1.1m | 1.2m | 964,785 | 1.1m | 1.3m | 1.6m | |
22 |
1.9m | 2.0m | 2.1m | 2.3m | 2.2m | 2.4m | 2.7m | 2.9m | 3.1m | 1.5m | 575,360 | 574,734 | 627,370 | 690,293 | 762,985 | 809,617 | 895,553 | 991,304 | 1.2m | |
23 |
184,684 | 167,520 | 124,247 | 153,871 | 156,614 | 204,046 | 275,604 | 336,422 | 385,400 | 197,610 | 175,577 | 204,782 | 210,705 | 228,933 | 241,796 | 52,328 | 33,551 | 47,395 | 94,750 | |
24 |
252,059 | 284,978 | 247,776 | 260,611 | 310,430 | 326,958 | 449,696 | 328,687 | 430,040 | 180,486 | 175,886 | 191,619 | 134,276 | 131,181 | 147,016 | 102,839 | 184,693 | 236,244 | 283,589 | |
28 |
406,846 | 401,877 | 395,779 | 391,831 | 387,043 | 380,410 | 375,410 | 368,953 | 362,506 | 357,609 | 577,087 | 1,047 | 927 | 887 | 887 | 847 | 837 | 767 | 567 | |
280/1 |
404,879 | 400,310 | 394,412 | 389,157 | 384,369 | 379,283 | 374,283 | 367,827 | 361,380 | 355,328 | 576,000 | - | - | - | - | - | - | - | - | |
280 |
404,879 | 400,310 | 394,412 | 389,157 | 384,369 | 379,283 | 374,283 | 367,827 | 361,380 | 355,328 | 576,000 | - | - | - | - | - | - | - | - | |
284/8 |
1,967 | 1,567 | 1,367 | 2,674 | 2,674 | 1,127 | 1,127 | 1,127 | 1,127 | 2,281 | 1,087 | 1,047 | 927 | 887 | 887 | 847 | 837 | 767 | 567 | |
285/8 |
1,967 | 1,567 | 1,367 | 2,674 | 2,674 | 1,127 | 1,127 | 1,127 | 1,127 | 2,281 | 1,087 | 1,047 | 927 | 887 | 887 | 847 | 837 | 767 | 567 | |
29/58 |
35.7m | 36.4m | 47.2m | 34.0m | 28.4m | 26.4m | 21.6m | 21.3m | 19.8m | 17.4m | 19.4m | 13.3m | 10.5m | 10.0m | 9.1m | 8.6m | 7.9m | 7.7m | 9.4m | |
3 |
9.9m | 9.7m | 7.8m | 4.7m | 4.9m | 9.4m | 2.8m | 1.9m | 5.1m | 3.9m | 4.1m | 714,463 | 569,798 | 898,598 | 1.1m | 515,178 | 572,858 | 580,115 | 668,521 | |
30/36 |
4.9m | 3.6m | 5.5m | 3.6m | 3.2m | 2.5m | 2.1m | 1.6m | 3.5m | 1.6m | 799,422 | 714,463 | 569,798 | 648,597 | 536,525 | 503,647 | 570,860 | 578,072 | 612,753 | |
34 |
3.4m | 2.1m | 3.4m | 2.1m | 1.4m | 1.4m | 1.4m | 1.0m | 2.1m | 1.1m | 799,422 | 714,463 | 569,798 | 648,597 | 536,525 | 503,647 | 570,860 | 578,072 | 612,753 | |
36 |
1.5m | 1.6m | 2.1m | 1.5m | 1.7m | 1.1m | 700,313 | 547,327 | 1.4m | 570,335 | - | - | - | - | - | - | - | - | - | |
37 |
5.1m | 6.1m | 2.2m | 1.1m | 1.7m | 6.9m | 707,023 | 377,731 | 1.5m | 2.2m | 3.3m | - | - | 250,001 | 607,516 | 11,531 | 1,998 | 2,043 | 55,768 | |
40/41 |
11.6m | 12.6m | 20.5m | 12.3m | 10.5m | 13.1m | 6.7m | 6.4m | 9.2m | 7.0m | 9.1m | 7.9m | 6.1m | 7.2m | 5.4m | 6.3m | 6.5m | 5.7m | 7.8m | |
40 |
9.4m | 11.1m | 19.8m | 10.9m | 9.7m | 12.6m | 6.1m | 6.0m | 9.0m | 6.9m | 8.8m | 7.7m | 6.1m | 7.0m | 5.2m | 6.2m | 6.4m | 5.5m | 7.7m | |
41 |
2.2m | 1.5m | 749,537 | 1.4m | 797,686 | 490,465 | 569,894 | 389,814 | 229,812 | 78,813 | 321,936 | 231,102 | 68,318 | 142,890 | 220,676 | 70,341 | 93,698 | 183,460 | 49,514 | |
50/53 |
- | 4.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
51/53 |
- | 4.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
14.2m | 10.1m | 18.9m | 17.0m | 12.9m | 3.9m | 12.1m | 12.9m | 5.5m | 6.5m | 6.2m | 4.0m | 3.8m | 1.8m | 2.5m | 1.7m | 800,770 | 1.4m | 869,773 | |
490/1 |
8,965 | 21,621 | - | 4,313 | 33,522 | 31,309 | 7,994 | 17,200 | 3,232 | 17,651 | 6,181 | 662,023 | 43,859 | 104,094 | 104,217 | 138,588 | 37,142 | 65,390 | 59,718 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
38.5m | 39.3m | 50.1m | 37.0m | 31.5m | 29.8m | 25.5m | 25.2m | 24.1m | 19.6m | 21.0m | 14.3m | 11.5m | 11.1m | 10.3m | 9.6m | 9.0m | 9.0m | 10.9m | |
10/15 |
12.4m | 10.6m | 20.3m | 16.2m | 12.3m | 6.4m | 8.1m | 11.7m | 8.7m | 6.7m | 4.8m | 3.7m | 2.5m | 2.2m | 1.8m | 1.5m | 3.2m | 2.8m | 2.4m | |
10/11 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
10 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
13 |
12.2m | 10.5m | 20.2m | 16.0m | 12.1m | 6.3m | 8.0m | 11.5m | 8.6m | 6.6m | 4.6m | 2.4m | 2.4m | 2.0m | 1.6m | 1.3m | 3.0m | 2.7m | 2.3m | |
130/1 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
132 |
5,422 | 5,422 | 5,422 | 5,422 | 5,422 | 4,211 | 2,933 | 751,842 | 750,764 | 749,999 | 749,999 | - | - | - | - | - | - | - | - | |
133 |
12.2m | 10.5m | 20.1m | 16.0m | 12.1m | 6.3m | 8.0m | 10.7m | 7.8m | 5.8m | 3.8m | 2.4m | 2.4m | 2.0m | 1.6m | 1.3m | 3.0m | 2.6m | 2.3m | |
14 |
- | - | - | - | - | - | - | - | - | - | - | 1.2m | - | - | - | - | - | - | - | |
16 |
463,549 | 425,526 | 458,439 | 405,325 | 442,588 | 331,487 | 266,756 | 361,406 | 393,074 | 417,777 | 414,919 | 340,187 | 348,617 | 331,787 | 319,409 | 196,024 | 200,452 | 230,534 | 197,512 | |
160/5 |
463,549 | 425,526 | 458,439 | 405,325 | 442,588 | 331,487 | 266,756 | 361,406 | 393,074 | 417,777 | 414,919 | 340,187 | 348,617 | 331,787 | 319,409 | 196,024 | 200,452 | 230,534 | 197,512 | |
164/5 |
463,549 | 425,526 | 458,439 | 405,325 | 442,588 | 331,487 | 266,756 | 361,406 | 393,074 | 417,777 | 414,919 | 340,187 | 348,617 | 331,787 | 319,409 | 196,024 | 200,452 | 230,534 | 197,512 | |
17/49 |
25.7m | 28.2m | 29.3m | 20.5m | 18.7m | 23.0m | 17.1m | 13.2m | 15.0m | 12.5m | 15.8m | 10.3m | 8.6m | 8.6m | 8.2m | 7.9m | 5.6m | 6.0m | 8.3m | |
17 |
- | - | - | - | - | - | - | - | - | - | 40,076 | 200,380 | 360,684 | 520,988 | 681,292 | 841,596 | 2,631 | 95,226 | 391,255 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 40,076 | 200,380 | 360,684 | 520,988 | 681,292 | 841,596 | 2,631 | 95,226 | 391,255 | |
173 |
- | - | - | - | - | - | - | - | - | - | 40,076 | 200,380 | 360,684 | 520,988 | 681,292 | 841,596 | 2,631 | 95,226 | 391,255 | |
42/48 |
25.3m | 27.9m | 29.3m | 20.4m | 18.7m | 23.0m | 17.0m | 13.1m | 14.9m | 12.5m | 15.7m | 10.1m | 8.3m | 8.1m | 7.5m | 7.1m | 5.6m | 5.9m | 7.8m | |
42 |
- | - | - | - | - | - | - | - | - | 40,076 | 160,304 | 160,304 | 160,304 | 160,304 | 160,304 | 162,936 | 92,595 | 148,014 | 148,014 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33,428 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 33,428 | - | - | - | |
44 |
3.7m | 2.4m | 3.5m | 3.6m | 3.3m | 3.1m | 2.0m | 2.2m | 3.3m | 2.9m | 3.2m | 2.6m | 3.3m | 3.6m | 2.5m | 2.2m | 3.0m | 2.7m | 4.7m | |
440/4 |
3.7m | 2.4m | 3.5m | 3.6m | 3.3m | 3.1m | 2.0m | 2.2m | 3.3m | 2.9m | 3.2m | 2.6m | 3.3m | 3.6m | 2.5m | 2.2m | 3.0m | 2.7m | 4.7m | |
46 |
19.5m | 23.0m | 23.0m | 14.1m | 13.2m | 17.8m | 12.9m | 8.8m | 9.7m | 7.6m | 10.5m | 5.7m | 3.3m | 3.2m | 3.9m | 3.3m | 1.4m | 2.1m | 1.9m | |
45 |
2.1m | 2.5m | 2.7m | 2.6m | 2.2m | 2.1m | 2.1m | 2.1m | 2.0m | 1.9m | 1.8m | 1.6m | 1.6m | 1.1m | 921,663 | 1.4m | 1.2m | 929,675 | 1.0m | |
450/3 |
- | 336,773 | 378,374 | 364,805 | 326,070 | 265,859 | 265,959 | 255,474 | 249,686 | 407,896 | 259,639 | 260,883 | 447,246 | 315,247 | 229,357 | 646,456 | 553,946 | 282,807 | 388,689 | |
454/9 |
2.1m | 2.2m | 2.4m | 2.3m | 1.9m | 1.9m | 1.9m | 1.8m | 1.8m | 1.5m | 1.6m | 1.3m | 1.1m | 758,911 | 692,307 | 749,615 | 607,707 | 646,868 | 625,930 | |
47/48 |
12,166 | 11,891 | 8,866 | 12,166 | 12,166 | 11,984 | 11,523 | 11,523 | 9,900 | - | - | - | - | - | - | - | - | - | - | |
492/3 |
341,187 | 243,623 | 41,088 | 40,351 | 33,576 | 57,371 | 30,385 | 31,817 | 33,152 | 35,111 | 35,951 | 4,133 | 1,209 | 1,685 | 1,298 | 1,782 | 2,536 | 4,317 | 93,596 | |
| Income statement | ||||||||||||||||||||
70/76A |
46.7m | 47.7m | 48.1m | 41.0m | 39.9m | 40.2m | 27.9m | 35.9m | 28.3m | 30.5m | 35.5m | 23.8m | 24.2m | 22.3m | 21.0m | 19.8m | 20.2m | 23.2m | 19.9m | |
70 |
46.4m | 42.6m | 45.8m | 40.5m | 44.3m | 33.1m | 26.7m | 36.1m | 28.2m | 30.6m | 30.4m | 22.9m | 23.8m | 22.4m | 20.3m | 19.6m | 20.0m | 23.1m | 19.8m | |
71 |
-995,373 | 3.9m | 1.1m | -641,731 | -5.2m | 6.2m | 329,292 | -1.1m | -722,518 | -1.0m | 3.3m | - | -250,001 | -357,516 | 595,985 | 9,533 | - | - | - | |
74 |
1.3m | 1.2m | 1.1m | 1.1m | 884,617 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
22,350 | 29,220 | 20,653 | - | - | 39,751 | 15,829 | 283 | 17,703 | - | 380 | 12,500 | - | 6,810 | - | 10,250 | 12,604 | 5,000 | 1,956 | |
60/66A |
40.2m | 42.1m | 42.3m | 35.6m | 31.9m | 35.6m | 25.6m | 31.6m | 25.0m | 27.1m | 32.3m | 21.9m | 22.8m | 20.9m | 20.0m | 19.0m | 19.5m | 22.8m | 19.4m | |
60 |
20.4m | 24.1m | 25.4m | 20.3m | 18.5m | 23.5m | 13.0m | 19.0m | 13.5m | 15.9m | 21.2m | 12.2m | 13.1m | 11.9m | 11.3m | 10.5m | 11.3m | 13.7m | 11.6m | |
600/8 |
21.7m | 22.7m | 26.6m | 21.0m | 18.6m | 23.5m | 13.4m | 18.0m | 14.6m | 16.2m | 21.3m | 12.3m | 13.1m | 12.0m | 11.3m | 10.5m | 11.2m | 13.6m | 11.6m | |
609 |
-1.3m | 1.3m | -1.2m | -713,071 | -83,249 | 23,503 | -354,145 | 1.1m | -1.0m | -259,852 | -84,960 | -144,665 | 78,800 | -112,072 | -32,878 | 67,213 | 7,212 | 77,505 | 1,471 | |
61 |
4.9m | 3.5m | 2.9m | 2.6m | 2.1m | 1.9m | 2.0m | 2.1m | 2.1m | 2.3m | 2.4m | 1.9m | 2.0m | 2.0m | 1.9m | 2.0m | 1.9m | 2.6m | 1.8m | |
62 |
14.1m | 14.2m | 13.6m | 12.3m | 10.6m | 9.6m | 9.9m | 9.9m | 9.0m | 8.6m | 8.4m | 7.7m | 7.4m | 6.8m | 6.5m | 6.2m | 6.1m | 6.2m | 5.7m | |
630 |
349,344 | 338,497 | 354,840 | 404,157 | 442,434 | 476,057 | 495,538 | 499,442 | 385,208 | 215,631 | 159,310 | 144,749 | 165,167 | 175,879 | 160,456 | 182,193 | 232,214 | 279,224 | 347,979 | |
631/4 |
11,267 | - | - | - | 5,089 | 1,764 | - | - | - | 5,000 | - | - | - | -1,595 | 2,178 | 46,939 | 12,128 | - | - | |
635/8 |
38,023 | -32,913 | 53,114 | -37,263 | 111,101 | 64,731 | -94,650 | -31,668 | -24,703 | 2,858 | 74,732 | -8,430 | 16,830 | 12,378 | 123,385 | -4,428 | -30,082 | -30,535 | -20,539 | |
640/8 |
361,580 | 52,008 | 89,196 | 46,815 | 92,145 | 58,967 | 159,172 | 44,605 | 30,553 | 53,805 | 61,627 | 25,062 | 63,941 | 23,470 | 23,100 | 24,088 | 27,306 | 29,450 | 40,665 | |
66A |
1,250 | - | - | - | 16,261 | 12,260 | 41,955 | 2,337 | - | 18,718 | 88 | - | 16,691 | - | - | 19,498 | - | 800 | - | |
9901 |
6.5m | 5.6m | 5.8m | 5.4m | 8.1m | 4.6m | 2.3m | 4.3m | 3.2m | 3.4m | 3.2m | 1.9m | 1.5m | 1.4m | 1.0m | 801,236 | 672,754 | 454,612 | 479,633 | |
75/76B |
312,330 | 601,738 | 113,722 | 16,245 | 15,263 | 10,704 | 17,078 | 21,201 | 38,289 | 50,209 | 55,561 | 61,961 | 60,662 | 70,423 | 36,255 | 24,680 | 33,788 | 56,412 | 40,869 | |
75 |
307,760 | 595,841 | 108,467 | 11,456 | 10,177 | 5,703 | 10,621 | 14,754 | 32,237 | 50,209 | 55,561 | 61,961 | 60,662 | 70,423 | 36,255 | 24,680 | 33,788 | 56,412 | 40,869 | |
750 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
751 |
294,528 | 548,663 | 75,471 | 745 | 588 | 655 | 706 | 4,651 | 26,579 | 21,284 | 25,243 | 29,411 | 29,174 | 32,085 | 28,454 | 18,512 | 9,151 | 47,780 | 16,998 | |
752/9 |
13,232 | 47,178 | 32,996 | 10,711 | 9,589 | 5,048 | 9,915 | 10,102 | 5,658 | 28,925 | 30,318 | 32,550 | 31,488 | 38,338 | 7,801 | 6,168 | 24,637 | 8,632 | 23,871 | |
76B |
4,570 | 5,897 | 5,255 | 4,788 | 5,085 | 5,001 | 6,456 | 6,447 | 6,051 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
160,871 | 119,869 | 98,984 | 80,606 | 73,193 | 61,432 | 56,052 | 56,437 | 57,637 | 279,968 | 72,785 | 73,754 | 82,502 | 93,396 | 117,175 | 102,708 | 74,427 | 86,670 | 71,284 | |
65 |
160,871 | 119,869 | 98,984 | 80,606 | 73,193 | 61,432 | 56,052 | 56,437 | 57,637 | 59,296 | 72,785 | 73,754 | 82,502 | 93,396 | 117,175 | 102,708 | 74,427 | 86,670 | 71,284 | |
650 |
158,250 | 117,024 | 87,738 | 62,672 | 56,374 | 56,905 | 53,735 | 53,571 | 55,066 | 58,229 | 68,477 | 69,923 | 77,763 | 86,504 | 96,054 | 90,249 | 69,235 | 71,120 | 68,016 | |
652/9 |
2,621 | 2,844 | 11,246 | 17,933 | 16,819 | 4,527 | 2,317 | 2,866 | 2,571 | 1,067 | 4,309 | 3,831 | 4,739 | 6,892 | 21,121 | 12,459 | 5,193 | 15,550 | 3,267 | |
66B |
- | - | - | - | - | - | - | - | - | 220,672 | - | - | - | - | - | - | - | - | - | |
9903 |
6.6m | 6.0m | 5.8m | 5.3m | 8.0m | 4.5m | 2.3m | 4.2m | 3.2m | 3.2m | 3.2m | 1.9m | 1.4m | 1.3m | 955,631 | 713,959 | 644,718 | 428,555 | 451,174 | |
67/77 |
1.9m | 1.7m | 1.6m | 1.5m | 2.1m | 1.3m | 821,397 | 1.3m | 1.2m | 1.2m | 1.1m | 698,228 | 553,310 | 520,337 | 361,689 | 301,448 | 258,308 | 206,865 | 176,738 | |
670/3 |
1.9m | 1.7m | 1.6m | 1.5m | 2.1m | 1.3m | 821,397 | 1.3m | 1.2m | 1.2m | 1.1m | 698,228 | 555,006 | 520,337 | 377,641 | 301,448 | 258,308 | 207,721 | 179,349 | |
77 |
- | - | - | - | - | - | - | - | 3,486 | - | - | - | 1,697 | - | 15,952 | - | - | 856 | 2,611 | |
9904 |
4.7m | 4.3m | 4.2m | 3.9m | 5.9m | 3.3m | 1.5m | 2.9m | 2.0m | 2.0m | 2.0m | 1.2m | 861,790 | 818,804 | 593,942 | 412,511 | 386,410 | 221,690 | 274,436 | |
789 |
- | - | - | - | - | - | 749,999 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | 0 | 1,211 | 1,278 | 1,090 | 1,078 | 766 | - | 749,999 | - | - | - | - | - | - | - | - | |
9905 |
4.7m | 4.3m | 4.2m | 3.9m | 5.9m | 3.3m | 2.2m | 2.9m | 2.0m | 2.0m | 1.3m | 1.2m | 861,790 | 818,804 | 593,942 | 412,511 | 386,410 | 221,690 | 274,436 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
4.7m | 4.3m | 4.2m | 3.9m | 5.9m | 3.3m | 2.2m | 2.9m | 2.0m | 2.0m | 2.5m | 1.2m | 861,790 | 818,804 | 593,942 | 412,511 | 386,410 | 221,690 | 274,436 | |
791/2 |
3.0m | 14.0m | - | - | - | 5.0m | 5.0m | - | - | - | 1.0m | - | 500,000 | 400,000 | 300,000 | 2.2m | - | - | - | |
792 |
3.0m | 14.0m | - | - | - | 5.0m | 5.0m | - | - | - | 1.0m | - | 500,000 | 400,000 | 300,000 | 2.2m | - | - | - | |
691/2 |
4.7m | 4.3m | 4.2m | 3.9m | 5.9m | 3.3m | 2.2m | 2.9m | 2.0m | 2.0m | 2.5m | - | 861,790 | 818,804 | 593,942 | 412,511 | 386,410 | 221,690 | 274,436 | |
6921 |
4.7m | 4.3m | 4.2m | 3.9m | 5.9m | 3.3m | 2.2m | 2.9m | 2.0m | 2.0m | 2.5m | - | 861,790 | 818,804 | 593,942 | 412,511 | 386,410 | 221,690 | 274,436 | |
694/7 |
3.0m | 14.0m | - | - | - | 5.0m | 5.0m | - | - | - | 1.0m | - | 500,000 | 400,000 | 300,000 | 2.2m | - | - | - | |
694 |
3.0m | 14.0m | - | - | - | 5.0m | 5.0m | - | - | - | 1.0m | - | 500,000 | 400,000 | 300,000 | 2.2m | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
129.8 | 130.3 | 126.7 | 119.6 | 111.1 | 104.3 | 104 | 99.3 | 94.6 | 92.9 | 89.4 | 82.9 | 78.6 | 73.2 | 73.3 | 72.5 | 76.4 | 77.9 | 76.6 | |
Men (FTE)1003 |
109.8 | 110.2 | 107.3 | 102.1 | 96.3 | 91.1 | 90 | 84.6 | 79.1 | 77.8 | 75.3 | 70.3 | 66.6 | 62.9 | - | - | - | - | - | |
Women (FTE)1003 |
20 | 20.1 | 19.4 | 17.5 | 14.8 | 13.2 | 14 | 14.7 | 15.5 | 15.1 | 14.1 | 12.6 | 12 | 10.3 | - | - | - | - | - | |
Agency workers1501 |
0 | 0.5 | 0.7 | 1.1 | 0.4 | 0.1 | 0.1 | 0.3 | 0.5 | 0.2 | 0.4 | 0.2 | 0.8 | 1 | 0.4 | 0.5 | 1 | 2 | 0 | |
Hours worked1013 |
216,627 | 214,341 | 201,533 | 190,789 | 182,852 | 164,985 | 172,667 | 167,074 | 157,380 | 157,719 | 151,231 | 137,252 | 132,616 | 121,224 | 122,112 | 121,143 | 123,408 | 134,162 | 129,093 | |
| Document | ||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 67 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 17-07-2026 | 2026-00304976 | |
| 31-12-2024 | full format | 08-07-2025 | 2025-00242014 | |
| 31-12-2023 | full format | 09-07-2024 | 2024-00224243 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00240133 | |
| 31-12-2021 | full format | 04-07-2022 | 2022-20154466 | |
| 31-12-2020 | full format | 02-07-2021 | 2021-29000277 | |
| 31-12-2019 | full format | 30-06-2020 | 2020-22500192 | |
| 31-12-2018 | full format | 24-06-2019 | 2019-21600287 | |
| 31-12-2017 | full format | 29-06-2018 | 2018-26500340 | |
| 31-12-2016 | full format | 14-07-2017 | 2017-30900111 | |
| 31-12-2015 | full format | 30-06-2016 | 2016-24100390 | |
| 31-12-2014 | full format | 10-07-2015 | 2015-28700389 | |
| 31-12-2013 | full format | 27-06-2014 | 2014-21900466 | |
| 31-12-2012 | full format | 19-07-2013 | 2013-32900142 | |
| 31-12-2011 | full format | 10-07-2012 | 2012-27800031 | |
| 31-12-2010 | full format | 01-07-2011 | 2011-23300578 | |
| 31-12-2009 | full format | 06-07-2010 | 2010-27900214 | |
| 31-12-2008 | full format | 15-07-2009 | 2009-42100211 | |
| 31-12-2007 | full format | 11-07-2008 | 2008-41000112 | |
| 31-12-2006 | full format | 02-07-2007 | 2007-35000157 | |
| 31-12-2005 | full format | 06-07-2006 | 2006-42102073 | |
| 31-12-2004 | full format | 20-06-2005 | 2005-29000376 | |
| 31-12-2003 | full format | 22-07-2004 | 2004-49103127 | |
| 31-12-2002 | full format | 29-07-2003 | 2003-53203984 | |
| 31-12-2001 | full format | 05-07-2002 | 2002-34404385 | |
| 31-12-2000 | full format | 20-07-2001 | 2001-40803601 | |
| 31-12-1999 | full format | 12-07-2000 | 2000-40503644 | |
| 31-12-1998 | full format | 18-11-1999 | 1999-59203986 | |
| 31-12-1997 | abbreviated format | 20-07-1998 | 1998-34304601 | |
| 31-12-1996 | abbreviated format | 27-06-1997 | 1997-23500405 | |
| 31-12-1995 | abbreviated format | 25-07-1996 | 1996-37203665 |
Subsidies and aid
Flemish government 2022 to 2025, 6 entries, €24,046 awarded, €24,013 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,353 | €1,353 |
| 2024 | 1 | €8,239 | €8,239 |
| 2023 | 2 | €7,151 | €7,151 |
| 2022 | 2 | €7,303 | €7,270 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.8m | 5.9m | 6.1m | 5.8m | 8.5m | 5.1m | 2.8m | 4.8m | 3.6m | 3.6m | 3.4m | 2.0m | 1.6m | 1.5m | 1.2m | 983,428 | 904,968 | 733,836 | 827,612 | ||
| 5.1m | 4.7m | 4.5m | 4.3m | 6.3m | 3.8m | 2.0m | 3.4m | 2.4m | 2.2m | 2.2m | 1.3m | 1.0m | 994,683 | 754,398 | 594,704 | 618,624 | 500,913 | 622,415 | ||
| 304,846 | 320,621 | 147,502 | 340,742 | 222,552 | 44,507 | 435,724 | 136,707 | 2.4m | 1.2m | 688,858 | 145,368 | 122,671 | 78,710 | 347,467 | 80,623 | 94,574 | 216,441 | 302,037 | ||
| 4.1m | -8.8m | 2.0m | 4.0m | 9.1m | -8.3m | -746,580 | 7.3m | -1.0m | 293,532 | 2.2m | 223,569 | 1.9m | -623,525 | 762,007 | 907,785 | -553,642 | - | - | ||
| 10.4m | 8.5m | 17.9m | 13.5m | 9.7m | 3.4m | 4.6m | 8.1m | 4.9m | 4.9m | 3.7m | 3.3m | 2.3m | 2.0m | 1.6m | 1.5m | 2.3m | 1.9m | 1.6m | ||
| 14.0% | 13.1% | 12.6% | 13.3% | 18.2% | 13.9% | 8.8% | 11.8% | 11.4% | 11.2% | 10.6% | 8.2% | 6.1% | 6.0% | 5.1% | 4.1% | 3.4% | 2.0% | 2.4% | ||
| 32.1% | 27.1% | 40.6% | 43.6% | 39.1% | 21.6% | 32.0% | 46.3% | 36.3% | 34.2% | 22.7% | 25.9% | 22.0% | 19.6% | 17.1% | 15.2% | 35.4% | 31.2% | 22.4% | ||
| 1.41 | 1.30 | 1.61 | 1.66 | 1.52 | 1.15 | 1.27 | 1.62 | 1.33 | 1.39 | 1.24 | 1.33 | 1.28 | 1.24 | 1.21 | 1.22 | 1.41 | 1.32 | 1.20 | ||
| 1.02 | 0.96 | 1.35 | 1.43 | 1.26 | 0.74 | 1.11 | 1.47 | 0.99 | 1.08 | 0.98 | 1.26 | 1.21 | 1.13 | 1.06 | 1.14 | 1.30 | 1.22 | 1.11 | ||
| 2.08 | 2.65 | 1.44 | 1.27 | 1.52 | 3.59 | 2.10 | 1.13 | 1.71 | 1.86 | 3.32 | 2.77 | 3.40 | 3.95 | 4.68 | 5.42 | 1.76 | 2.12 | 3.39 | ||
| 38.2% | 40.7% | 20.5% | 23.9% | 47.8% | 51.1% | 18.2% | 25.0% | 23.2% | 29.2% | 43.0% | 31.6% | 34.0% | 37.6% | 33.8% | 28.2% | 12.1% | 7.9% | 11.2% | ||
| 12.3% | 11.0% | 8.3% | 10.4% | 18.7% | 11.0% | 5.8% | 11.6% | 8.4% | 10.0% | 9.8% | 8.2% | 7.5% | 7.4% | 5.8% | 4.3% | 4.3% | 2.5% | 2.5% | ||
| 43.18 | 50.46 | 69.75 | 92.68 | over 100 | 89.09 | 52.76 | 89.22 | 65.16 | 62.45 | 49.21 | 28.82 | 20.82 | 17.70 | 12.46 | 10.90 | 13.07 | 10.32 | 12.17 | ||
| 74 days | 95 days | 157 days | 98 days | 80 days | 139 days | 84 days | 61 days | 117 days | 82 days | 106 days | 123 days | 93 days | 115 days | 94 days | 115 days | 117 days | 88 days | 143 days | ||
| 53 days | 32 days | 46 days | 58 days | 58 days | 44 days | 49 days | 39 days | 76 days | 58 days | 50 days | 67 days | 79 days | 94 days | 69 days | 64 days | 83 days | 60 days | 129 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 133 | 131 | 129 | 125 | 117 |
| full-time | 113 | 117 | 119 | 118 | 111 |
| part-time | 20 | 14 | 10 | 7 | 6 |
| in full-time equivalents | 129 | 128.4 | 127.1 | 123.7 | 115.9 |
| 129.8 | 130.3 | 126.7 | 119.6 | 111.1 | |
| On a permanent contract | 133 | 131 | 129 | 125 | 117 |
| Joined | 16 | 14 | 15 | 19 | 21 |
| Left | 14 | 12 | 11 | 11 | 15 |
| Agency workers, average number | 0 | 0.5 | 0.7 | 1.1 | 0.4 |
| Training hours | 5,641 | 4,643 | 3,143 | 1,542 | 1,576 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| €917,206 | €917,206 | €917,206 | €917,206 | €917,206 | |
| €2.5m | €2.5m | €2.5m | €2.5m | €2.5m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €277,947 | €311,899 | €147,502 | €340,742 | €222,552 |
| Intangible fixed assets | €26,899 | €8,723 | - | - | - |
| €349,344 | €338,497 | €354,840 | €404,157 | €442,434 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
feesThe auditor is Moore Audit.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €18,000 | €17,500 | €17,500 | €17,500 | €17,500 |
| Other work by the auditor | €23,614 | €21,092 | €6,734 | €2,851 | €8,995 |
| Work by persons linked to the auditor | €11,069 | €14,713 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Insights on AZO
The operating result for 2025 is 17% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 71.8% to 66.7%. Equity is higher and debt is lower.