A-ZIMUT: 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-ZIMUT
Largest movements
- Receivables within one year -€45,702
down €45,702 (-99.9%), from €45,752 to €49
of which Trade receivables: -€45,752
- Cash -€38,253
down €38,253 (-24.0%), from €159,703 to €121,450
mainly Net result for the year (-€61,121) and Other debts (-€17,117)
- Tangible fixed assets -€10,571
down €10,571 (-16.7%), from €63,300 to €52,728
of which Land and buildings: -€7,655
- Profit (loss) carried forward -€61,121
down €61,121 (-899%), from -€6,799 to -€67,921
- Other debts -€17,117
down €17,117 (-10.2%), from €168,632 to €151,515
- Tax, wage and social debts -€15,482
down €15,482 (-96.3%), from €16,076 to €593
- Gross operating margin -€77,061
down €77,061, from €28,961 to -€48,100
- Taxes -€5,127
down €5,127 (-97.1%), from €5,282 to €156
- Financial income +€615
up €615 (+891%), from €69 to €684
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,158 | €175,718 | -€94,440 | -35.0% |
| Fixed assets | 21/28 | €63,300 | €52,728 | -€10,571 | -16.7% |
| Tangible fixed assets | 22/27 | €63,300 | €52,728 | -€10,571 | -16.7% |
| Land and buildings | 22 | €54,305 | €46,651 | -€7,655 | -14.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,994 | €6,078 | -€2,917 | -32.4% |
| Current assets | 29/58 | €206,858 | €122,990 | -€83,868 | -40.5% |
| Amounts receivable within one year | 40/41 | €45,752 | €49 | -€45,702 | -99.9% |
| Trade receivables | 40 | €45,752 | - | -€45,752 | |
| Other amounts receivable | 41 | - | €49 | +€49 | |
| Cash at bank and in hand | 54/58 | €159,703 | €121,450 | -€38,253 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,404 | €1,491 | +€87 | +6.2% |
| Total equity and liabilities | 10/49 | €270,158 | €175,718 | -€94,440 | -35.0% |
| Equity | 10/15 | €84,232 | €23,111 | -€61,121 | -72.6% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €90,632 | €90,632 | = | 0.0% |
| Distributable reserves | 133 | €90,632 | €90,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,799 | -€67,921 | -€61,121 | -899% |
| Amounts payable | 17/49 | €185,926 | €152,607 | -€33,318 | -17.9% |
| Amounts payable within one year | 42/48 | €185,926 | €152,607 | -€33,318 | -17.9% |
| Trade debts | 44 | €1,218 | €499 | -€719 | -59.1% |
| Suppliers | 440/4 | €1,218 | €499 | -€719 | -59.1% |
| Taxes, remuneration and social security | 45 | €16,076 | €593 | -€15,482 | -96.3% |
| Taxes | 450/3 | €16,076 | €593 | -€15,482 | -96.3% |
| Other amounts payable | 47/48 | €168,632 | €151,515 | -€17,117 | -10.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,000 | €12,620 | +€10,620 | +531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,929 | €11,136 | +€207 | +1.9% |
| Other operating charges | 640/8 | €870 | €742 | -€129 | -14.8% |
| Gross operating margin | 9900 | €28,961 | -€48,100 | -€77,061 | |
| Operating profit (loss) | 9901 | €17,162 | -€59,977 | -€77,140 | |
| Financial income | 75/76B | €69 | €684 | +€615 | +891% |
| Recurring financial income | 75 | €69 | €684 | +€615 | +891% |
| Financial charges | 65/66B | €1,827 | €1,673 | -€154 | -8.4% |
| Recurring financial charges | 65 | €1,827 | €1,673 | -€154 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €15,405 | -€60,966 | -€76,370 | |
| Income taxes | 67/77 | €5,282 | €156 | -€5,127 | -97.1% |
| Profit (loss) for the period | 9904 | €10,122 | -€61,121 | -€71,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,122 | -€61,121 | -€71,244 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.