AOZ MANAGEMENT: 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.
AOZ MANAGEMENT
Largest movements
- Receivables within one year -€42,627
down €42,627 (-74.8%), from €56,965 to €14,339
of which Other amounts receivable: -€23,509
- Cash -€25,697
down €25,697 (-25.9%), from €99,215 to €73,518
mainly Contributions, distributions and other (-€179,346) and Tax, wage and social debts (-€9,012)
- Reserves -€120,299
no longer reported in 2025 (was €120,299)
- Other debts +€60,574
new in 2025: €60,574
- Tax, wage and social debts -€9,012
down €9,012 (-27.8%), from €32,379 to €23,367
No income-statement line moved by more than 1% of the activity.
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 | €158,707 | €89,401 | -€69,306 | -43.7% |
| Fixed assets | 21/28 | €2,445 | €1,544 | -€901 | -36.8% |
| Tangible fixed assets | 22/27 | €2,445 | €1,544 | -€901 | -36.8% |
| Furniture and vehicles | 24 | €2,445 | €1,544 | -€901 | -36.8% |
| Current assets | 29/58 | €156,262 | €87,857 | -€68,405 | -43.8% |
| Amounts receivable within one year | 40/41 | €56,965 | €14,339 | -€42,627 | -74.8% |
| Trade receivables | 40 | €33,457 | €14,339 | -€19,118 | -57.1% |
| Other amounts receivable | 41 | €23,509 | - | -€23,509 | |
| Cash at bank and in hand | 54/58 | €99,215 | €73,518 | -€25,697 | -25.9% |
| Deferred charges and accrued income | 490/1 | €82 | - | -€82 | |
| Total equity and liabilities | 10/49 | €158,707 | €89,401 | -€69,306 | -43.7% |
| Equity | 10/15 | €124,299 | €4,000 | -€120,299 | -96.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €120,299 | - | -€120,299 | |
| Distributable reserves | 133 | €120,299 | - | -€120,299 | |
| Amounts payable | 17/49 | €34,408 | €85,401 | +€50,993 | +148% |
| Amounts payable within one year | 42/48 | €34,408 | €85,401 | +€50,993 | +148% |
| Trade debts | 44 | €2,029 | €1,461 | -€568 | -28.0% |
| Suppliers | 440/4 | €2,029 | €1,461 | -€568 | -28.0% |
| Taxes, remuneration and social security | 45 | €32,379 | €23,367 | -€9,012 | -27.8% |
| Taxes | 450/3 | €32,379 | €23,367 | -€9,012 | -27.8% |
| Other amounts payable | 47/48 | - | €60,574 | +€60,574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668 | €901 | +€233 | +34.8% |
| Other operating charges | 640/8 | €1,652 | €2,070 | +€418 | +25.3% |
| Gross operating margin | 9900 | €78,735 | €79,231 | +€496 | +0.6% |
| Operating profit (loss) | 9901 | €76,415 | €76,260 | -€154 | -0.2% |
| Financial charges | 65/66B | €1,471 | €1,092 | -€379 | -25.8% |
| Recurring financial charges | 65 | €1,471 | €1,092 | -€379 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €74,943 | €75,168 | +€225 | +0.3% |
| Income taxes | 67/77 | €16,224 | €16,121 | -€103 | -0.6% |
| Profit (loss) for the period | 9904 | €58,719 | €59,047 | +€328 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,719 | €59,047 | +€328 | +0.6% |
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 19 October 2026 via checked.be.