AY-TEZ: 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.
AY-TEZ
Largest movements
- Cash +€8,329
up €8,329 (+140%), from €5,953 to €14,282
mainly Net result for the year (+€45,193) and Investment in fixed assets (net) (+€8,280)
- Tangible fixed assets -€8,280
no longer reported in 2025 (was €8,280)
of which Other tangible fixed assets: -€6,716
- Stocks and contracts -€7,773
down €7,773 (-7.7%), from €101,120 to €93,347
- Other debts -€52,693
down €52,693 (-82.9%), from €63,526 to €10,833
- Profit (loss) carried forward +€45,193
up €45,193, from -€40,007 to €5,185
- Gross operating margin +€17,930
up €17,930 (+53.7%), from €33,389 to €51,319
- Depreciation -€5,592
no longer reported in 2025 (was €5,592)
- Other operating charges +€3,271
up €3,271 (+671%), from €487 to €3,758
- Taxes +€2,243
new in 2025: €2,243
- Staff costs -€2,227
no longer reported in 2025 (was €2,227)
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 | €125,853 | €118,261 | -€7,592 | -6.0% |
| Fixed assets | 21/28 | €18,780 | €10,500 | -€8,280 | -44.1% |
| Tangible fixed assets | 22/27 | €8,280 | - | -€8,280 | |
| Plant, machinery and equipment | 23 | €1,564 | - | -€1,564 | |
| Other tangible fixed assets | 26 | €6,716 | - | -€6,716 | |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €107,073 | €107,761 | +€688 | +0.6% |
| Stocks and contracts in progress | 3 | €101,120 | €93,347 | -€7,773 | -7.7% |
| Stocks | 30/36 | €101,120 | €93,347 | -€7,773 | -7.7% |
| Amounts receivable within one year | 40/41 | - | €133 | +€133 | |
| Other amounts receivable | 41 | - | €133 | +€133 | |
| Cash at bank and in hand | 54/58 | €5,953 | €14,282 | +€8,329 | +140% |
| Total equity and liabilities | 10/49 | €125,853 | €118,261 | -€7,592 | -6.0% |
| Equity | 10/15 | €59,993 | €105,185 | +€45,193 | +75.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,007 | €5,185 | +€45,193 | |
| Amounts payable | 17/49 | €65,860 | €13,076 | -€52,784 | -80.1% |
| Amounts payable within one year | 42/48 | €65,860 | €13,076 | -€52,784 | -80.1% |
| Taxes, remuneration and social security | 45 | €2,334 | €2,243 | -€91 | -3.9% |
| Taxes | 450/3 | €2,334 | €2,243 | -€91 | -3.9% |
| Other amounts payable | 47/48 | €63,526 | €10,833 | -€52,693 | -82.9% |
| Non-recurring operating income | 76A | - | €56,460 | +€56,460 | |
| Remuneration, social security and pensions | 62 | €2,227 | - | -€2,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,592 | - | -€5,592 | |
| Other operating charges | 640/8 | €487 | €3,758 | +€3,271 | +671% |
| Gross operating margin | 9900 | €33,389 | €51,319 | +€17,930 | +53.7% |
| Operating profit (loss) | 9901 | €25,084 | €47,561 | +€22,477 | +89.6% |
| Financial charges | 65/66B | €927 | €125 | -€802 | -86.5% |
| Recurring financial charges | 65 | €927 | €125 | -€802 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €24,156 | €47,436 | +€23,279 | +96.4% |
| Income taxes | 67/77 | - | €2,243 | +€2,243 | |
| Profit (loss) for the period | 9904 | €24,156 | €45,193 | +€21,036 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,156 | €45,193 | +€21,036 | +87.1% |
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 23 October 2026 via checked.be.