A.Z.P: 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.P
Largest movements
- Tangible fixed assets -€9,247
down €9,247 (-12.7%), from €72,776 to €63,529
of which Other tangible fixed assets: -€9,047
- Intangible fixed assets -€2,450
down €2,450 (-33.3%), from €7,349 to €4,900
- Profit (loss) carried forward -€13,245
down €13,245 (-16.6%), from -€79,644 to -€92,889
- Trade debts +€1,548
up €1,548 (+195%), from €796 to €2,344
- Gross operating margin +€47,324
up €47,324 (+96.8%), from -€48,872 to -€1,548
- Financial charges -€551
no longer reported in 2025 (was €551)
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 | €80,775 | €69,078 | -€11,697 | -14.5% |
| Fixed assets | 21/28 | €80,125 | €68,429 | -€11,697 | -14.6% |
| Intangible fixed assets | 21 | €7,349 | €4,900 | -€2,450 | -33.3% |
| Tangible fixed assets | 22/27 | €72,776 | €63,529 | -€9,247 | -12.7% |
| Furniture and vehicles | 24 | €400 | €200 | -€200 | -50.0% |
| Other tangible fixed assets | 26 | €72,376 | €63,329 | -€9,047 | -12.5% |
| Current assets | 29/58 | €650 | €650 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €650 | €650 | = | 0.0% |
| Total equity and liabilities | 10/49 | €80,775 | €69,078 | -€11,697 | -14.5% |
| Equity | 10/15 | -€60,882 | -€74,127 | -€13,245 | -21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162 | €162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162 | €162 | = | 0.0% |
| Reserves not available under the articles | 1311 | €162 | €162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,644 | -€92,889 | -€13,245 | -16.6% |
| Amounts payable | 17/49 | €141,657 | €143,205 | +€1,548 | +1.1% |
| Amounts payable within one year | 42/48 | €141,657 | €143,205 | +€1,548 | +1.1% |
| Trade debts | 44 | €796 | €2,344 | +€1,548 | +195% |
| Suppliers | 440/4 | €796 | €2,344 | +€1,548 | +195% |
| Taxes, remuneration and social security | 45 | €4,509 | €4,509 | = | 0.0% |
| Taxes | 450/3 | €4,509 | €4,509 | = | 0.0% |
| Other amounts payable | 47/48 | €136,352 | €136,352 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,697 | €11,697 | = | 0.0% |
| Gross operating margin | 9900 | -€48,872 | -€1,548 | +€47,324 | +96.8% |
| Operating profit (loss) | 9901 | -€60,569 | -€13,245 | +€47,324 | +78.1% |
| Financial charges | 65/66B | €551 | - | -€551 | |
| Recurring financial charges | 65 | €551 | - | -€551 | |
| Profit (loss) for the period before taxes | 9903 | -€61,120 | -€13,245 | +€47,875 | +78.3% |
| Profit (loss) for the period | 9904 | -€61,120 | -€13,245 | +€47,875 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,120 | -€13,245 | +€47,875 | +78.3% |
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 22 October 2026 via checked.be.