A&Z: 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.
A&Z
Largest movements
- Cash -€14,990
down €14,990 (-42.3%), from €35,462 to €20,472
mainly Net result for the year (-€23,291) and Receivables within one year (-€932)
- Tangible fixed assets -€9,056
down €9,056 (-24.4%), from €37,074 to €28,018
of which Furniture and vehicles: -€9,056
- Receivables within one year +€932
up €932 (+21.0%), from €4,433 to €5,365
of which Other amounts receivable: +€537
- Profit (loss) carried forward -€23,291
down €23,291 (-39.9%), from €58,404 to €35,113
- Gross operating margin -€5,326
down €5,326 (-63.7%), from -€8,367 to -€13,693
- Depreciation +€2,667
up €2,667 (+41.7%), from €6,389 to €9,056
- Taxes -€260
down €260, from €164 to -€96
- Other operating charges +€239
up €239 (+34.3%), from €696 to €935
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.
Cash bridge derived
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 | €76,969 | €53,855 | -€23,114 | -30.0% |
| Fixed assets | 21/28 | €37,074 | €28,018 | -€9,056 | -24.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €37,074 | €28,018 | -€9,056 | -24.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €37,074 | €28,018 | -€9,056 | -24.4% |
| Current assets | 29/58 | €39,895 | €25,837 | -€14,058 | -35.2% |
| Amounts receivable within one year | 40/41 | €4,433 | €5,365 | +€932 | +21.0% |
| Trade receivables | 40 | €1,210 | €1,605 | +€395 | +32.6% |
| Other amounts receivable | 41 | €3,223 | €3,760 | +€537 | +16.7% |
| Cash at bank and in hand | 54/58 | €35,462 | €20,472 | -€14,990 | -42.3% |
| Total equity and liabilities | 10/49 | €76,969 | €53,855 | -€23,114 | -30.0% |
| Equity | 10/15 | €75,707 | €52,416 | -€23,291 | -30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,903 | €4,903 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,043 | €3,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,404 | €35,113 | -€23,291 | -39.9% |
| Amounts payable | 17/49 | €1,262 | €1,439 | +€177 | +14.0% |
| Amounts payable within one year | 42/48 | €1,262 | €1,439 | +€177 | +14.0% |
| Trade debts | 44 | €529 | €786 | +€257 | +48.6% |
| Suppliers | 440/4 | €529 | €786 | +€257 | +48.6% |
| Taxes, remuneration and social security | 45 | €733 | €653 | -€80 | -11.0% |
| Taxes | 450/3 | €733 | €653 | -€80 | -11.0% |
| Non-recurring operating income | 76A | €3,502 | €826 | -€2,676 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,389 | €9,056 | +€2,667 | +41.7% |
| Other operating charges | 640/8 | €696 | €935 | +€239 | +34.3% |
| Gross operating margin | 9900 | -€8,367 | -€13,693 | -€5,326 | -63.7% |
| Operating profit (loss) | 9901 | -€15,452 | -€23,684 | -€8,231 | -53.3% |
| Financial income | 75/76B | €418 | €387 | -€31 | -7.5% |
| Recurring financial income | 75 | €418 | €387 | -€31 | -7.5% |
| Financial charges | 65/66B | €136 | €91 | -€45 | -33.2% |
| Recurring financial charges | 65 | €136 | €91 | -€45 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,169 | -€23,387 | -€8,218 | -54.2% |
| Income taxes | 67/77 | €164 | -€96 | -€260 | |
| Profit (loss) for the period | 9904 | -€15,333 | -€23,291 | -€7,958 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,333 | -€23,291 | -€7,958 | -51.9% |
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 10 October 2026 via checked.be.