AAZ CONCEPT: 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 CONCEPT
Largest movements
- Stocks and contracts -€250,073
down €250,073 (-100.0%), from €250,073 to €0
- Receivables within one year +€69,432
up €69,432 (+2204.4%), from €3,150 to €72,582
of which Other amounts receivable: +€64,685
- Cash +€41,011
up €41,011 (+101.7%), from €40,334 to €81,345
mainly Stocks and contracts (+€250,073) and Accrued charges and deferred income (+€29,219)
- Deferred charges and accrued income +€15,418
up €15,418 (+753.6%), from €2,046 to €17,464
- Tangible fixed assets +€4,827
up €4,827, from €0 to €4,827
- Other debts -€118,353
down €118,353 (-100.0%), from €118,353 to €0
- Tax, wage and social debts -€40,078
down €40,078 (-86.0%), from €46,619 to €6,541
- Accrued charges and deferred income +€29,219
up €29,219, from €0 to €29,219
- Reserves +€10,762
up €10,762 (+10.2%), from €105,935 to €116,697
- Trade debts -€5,660
down €5,660 (-31.7%), from €17,858 to €12,199
of which Suppliers: -€3,770
- Gross operating margin -€107,092
down €107,092 (-85.6%), from €125,166 to €18,073
- Taxes -€20,579
down €20,579 (-81.9%), from €25,138 to €4,559
- Financial income +€1,658
up €1,658 (+243.6%), from €681 to €2,339
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 | €295,602 | €176,217 | -€119,385 | -40.4% |
| Fixed assets | 21/28 | €0 | €4,827 | +€4,827 | |
| Tangible fixed assets | 22/27 | €0 | €4,827 | +€4,827 | |
| Furniture and vehicles | 24 | €0 | €4,827 | +€4,827 | |
| Current assets | 29/58 | €295,602 | €171,390 | -€124,212 | -42.0% |
| Stocks and contracts in progress | 3 | €250,073 | €0 | -€250,073 | -100.0% |
| Stocks | 30/36 | €250,073 | €0 | -€250,073 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,150 | €72,582 | +€69,432 | +2204.4% |
| Trade receivables | 40 | €3,150 | €7,897 | +€4,747 | +150.7% |
| Other amounts receivable | 41 | €0 | €64,685 | +€64,685 | |
| Cash at bank and in hand | 54/58 | €40,334 | €81,345 | +€41,011 | +101.7% |
| Deferred charges and accrued income | 490/1 | €2,046 | €17,464 | +€15,418 | +753.6% |
| Total equity and liabilities | 10/49 | €295,602 | €176,217 | -€119,385 | -40.4% |
| Equity | 10/15 | €112,135 | €122,897 | +€10,762 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,935 | €116,697 | +€10,762 | +10.2% |
| Distributable reserves | 133 | €105,935 | €116,697 | +€10,762 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,468 | €53,321 | -€130,147 | -70.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €183,468 | €24,102 | -€159,366 | -86.9% |
| Financial debts | 43 | €638 | €5,363 | +€4,725 | +741.2% |
| Credit institutions | 430/8 | €638 | €5,363 | +€4,725 | +741.2% |
| Trade debts | 44 | €17,858 | €12,199 | -€5,660 | -31.7% |
| Suppliers | 440/4 | €15,968 | €12,199 | -€3,770 | -23.6% |
| Bills of exchange payable | 441 | €1,890 | €0 | -€1,890 | -100.0% |
| Taxes, remuneration and social security | 45 | €46,619 | €6,541 | -€40,078 | -86.0% |
| Taxes | 450/3 | €46,619 | €6,541 | -€40,078 | -86.0% |
| Other amounts payable | 47/48 | €118,353 | €0 | -€118,353 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €29,219 | +€29,219 | |
| Non-recurring operating income | 76A | €348 | €0 | -€348 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666 | €1,010 | +€344 | +51.6% |
| Other operating charges | 640/8 | €1,269 | €857 | -€412 | -32.5% |
| Non-recurring operating charges | 66A | €22 | €1,243 | +€1,221 | +5630.7% |
| Gross operating margin | 9900 | €125,166 | €18,073 | -€107,092 | -85.6% |
| Operating profit (loss) | 9901 | €123,208 | €14,963 | -€108,245 | -87.9% |
| Financial income | 75/76B | €681 | €2,339 | +€1,658 | +243.6% |
| Recurring financial income | 75 | €681 | €2,339 | +€1,658 | +243.6% |
| Financial charges | 65/66B | €1,692 | €1,981 | +€290 | +17.1% |
| Recurring financial charges | 65 | €1,692 | €1,981 | +€290 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €122,197 | €15,321 | -€106,876 | -87.5% |
| Income taxes | 67/77 | €25,138 | €4,559 | -€20,579 | -81.9% |
| Profit (loss) for the period | 9904 | €97,059 | €10,762 | -€86,297 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,059 | €10,762 | -€86,297 | -88.9% |
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.