A2Z: 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.
A2Z
Largest movements
- Cash -€4,931
down €4,931 (-29.1%), from €16,932 to €12,001
mainly Tax, wage and social debts (-€6,149) and Receivables within one year (-€1,575)
- Tangible fixed assets -€3,331
down €3,331 (-39.5%), from €8,427 to €5,096
of which Furniture and vehicles: -€2,635
- Receivables within one year +€1,575
up €1,575 (+34.9%), from €4,518 to €6,093
of which Trade receivables: +€1,386
- Tax, wage and social debts -€6,149
down €6,149 (-88.1%), from €6,983 to €835
- Other debts -€491
down €491 (-25.6%), from €1,915 to €1,425
- Taxes +€993
up €993, from -€158 to €835
- Gross operating margin +€530
up €530 (+12.7%), from €4,171 to €4,701
- Depreciation -€197
down €197 (-5.6%), from €3,528 to €3,331
- Financial charges +€138
up €138 (+132%), from €104 to €242
- Other operating charges -€87
down €87 (-23.2%), from €375 to €288
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 | €30,829 | €24,194 | -€6,635 | -21.5% |
| Fixed assets | 21/28 | €8,427 | €5,096 | -€3,331 | -39.5% |
| Tangible fixed assets | 22/27 | €8,427 | €5,096 | -€3,331 | -39.5% |
| Furniture and vehicles | 24 | €2,861 | €226 | -€2,635 | -92.1% |
| Other tangible fixed assets | 26 | €5,567 | €4,870 | -€696 | -12.5% |
| Current assets | 29/58 | €22,402 | €19,098 | -€3,304 | -14.7% |
| Amounts receivable within one year | 40/41 | €4,518 | €6,093 | +€1,575 | +34.9% |
| Trade receivables | 40 | €4,337 | €5,723 | +€1,386 | +32.0% |
| Other amounts receivable | 41 | €181 | €370 | +€189 | +104% |
| Cash at bank and in hand | 54/58 | €16,932 | €12,001 | -€4,931 | -29.1% |
| Deferred charges and accrued income | 490/1 | €951 | €1,004 | +€52 | +5.5% |
| Total equity and liabilities | 10/49 | €30,829 | €24,194 | -€6,635 | -21.5% |
| Equity | 10/15 | €19,582 | €19,587 | +€5 | 0.0% |
| Profit (loss) carried forward | 14 | €19,582 | €19,587 | +€5 | 0.0% |
| Amounts payable | 17/49 | €11,247 | €4,607 | -€6,640 | -59.0% |
| Amounts payable within one year | 42/48 | €11,247 | €4,607 | -€6,640 | -59.0% |
| Trade debts | 44 | €2,349 | €2,348 | -€0 | 0.0% |
| Suppliers | 440/4 | €2,349 | €2,348 | -€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €6,983 | €835 | -€6,149 | -88.1% |
| Taxes | 450/3 | €6,983 | €835 | -€6,149 | -88.1% |
| Other amounts payable | 47/48 | €1,915 | €1,425 | -€491 | -25.6% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,528 | €3,331 | -€197 | -5.6% |
| Other operating charges | 640/8 | €375 | €288 | -€87 | -23.2% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €4,171 | €4,701 | +€530 | +12.7% |
| Operating profit (loss) | 9901 | €268 | €1,081 | +€813 | +303% |
| Financial charges | 65/66B | €104 | €242 | +€138 | +132% |
| Recurring financial charges | 65 | €104 | €242 | +€138 | +132% |
| Profit (loss) for the period before taxes | 9903 | €164 | €839 | +€676 | +413% |
| Income taxes | 67/77 | -€158 | €835 | +€993 | |
| Profit (loss) for the period | 9904 | €322 | €5 | -€317 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €322 | €5 | -€317 | -98.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.