AAZ: what changed
Two fiscal 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.
AAZ
Largest movements
- Receivables within one year -€20,668
down €20,668 (-45.6%), from €45,335 to €24,667
of which Trade receivables: -€29,357
- Tangible fixed assets -€6,617
down €6,617 (-50.2%), from €13,185 to €6,568
- Cash -€3,959
no longer reported in 2025 (was €3,959)
mainly Trade debts (-€21,923) and Net result for the year (-€14,914)
- Trade debts -€21,923
down €21,923 (-99.5%), from €22,041 to €118
- Profit (loss) carried forward -€14,914
down €14,914 (-44.4%), from €33,612 to €18,697
- Tax, wage and social debts +€5,553
up €5,553 (+107.7%), from €5,158 to €10,711
- Gross operating margin -€15,392
down €15,392 (-82.4%), from €18,672 to €3,280
- Taxes +€7,066
new in 2025: €7,066
- Staff costs +€1,614
new in 2025: €1,614
- Other operating charges +€1,215
up €1,215 (+102.0%), from €1,190 to €2,405
- Financial charges +€249
up €249 (+102.1%), from €244 to €493
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 | €62,479 | €31,235 | -€31,244 | -50.0% |
| Fixed assets | 21/28 | €13,185 | €6,568 | -€6,617 | -50.2% |
| Tangible fixed assets | 22/27 | €13,185 | €6,568 | -€6,617 | -50.2% |
| Furniture and vehicles | 24 | €13,185 | €6,568 | -€6,617 | -50.2% |
| Current assets | 29/58 | €49,294 | €24,667 | -€24,627 | -50.0% |
| Amounts receivable within one year | 40/41 | €45,335 | €24,667 | -€20,668 | -45.6% |
| Trade receivables | 40 | €32,783 | €3,426 | -€29,357 | -89.5% |
| Other amounts receivable | 41 | €12,551 | €21,241 | +€8,689 | +69.2% |
| Cash at bank and in hand | 54/58 | €3,959 | - | -€3,959 | |
| Total equity and liabilities | 10/49 | €62,479 | €31,235 | -€31,244 | -50.0% |
| Equity | 10/15 | €35,112 | €20,197 | -€14,914 | -42.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,612 | €18,697 | -€14,914 | -44.4% |
| Amounts payable | 17/49 | €27,367 | €11,037 | -€16,329 | -59.7% |
| Amounts payable within one year | 42/48 | €27,367 | €11,037 | -€16,329 | -59.7% |
| Financial debts | 43 | - | €209 | +€209 | |
| Credit institutions | 430/8 | - | €209 | +€209 | |
| Trade debts | 44 | €22,041 | €118 | -€21,923 | -99.5% |
| Suppliers | 440/4 | €22,041 | €118 | -€21,923 | -99.5% |
| Taxes, remuneration and social security | 45 | €5,158 | €10,711 | +€5,553 | +107.7% |
| Taxes | 450/3 | €5,158 | €10,711 | +€5,553 | +107.7% |
| Other amounts payable | 47/48 | €168 | - | -€168 | |
| Remuneration, social security and pensions | 62 | - | €1,614 | +€1,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,407 | €6,617 | +€210 | +3.3% |
| Other operating charges | 640/8 | €1,190 | €2,405 | +€1,215 | +102.0% |
| Gross operating margin | 9900 | €18,672 | €3,280 | -€15,392 | -82.4% |
| Operating profit (loss) | 9901 | €11,075 | -€7,356 | -€18,431 | |
| Financial charges | 65/66B | €244 | €493 | +€249 | +102.1% |
| Recurring financial charges | 65 | €244 | €493 | +€249 | +102.1% |
| Profit (loss) for the period before taxes | 9903 | €10,831 | -€7,849 | -€18,680 | |
| Income taxes | 67/77 | - | €7,066 | +€7,066 | |
| Profit (loss) for the period | 9904 | €10,831 | -€14,914 | -€25,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,831 | -€14,914 | -€25,745 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.