AYAZ: 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.
AYAZ
Largest movements
- Cash +€14,088
new in 2025: €14,088
mainly Net result for the year (+€11,040) and Trade debts (+€8,095)
- Receivables within one year +€3,911
up €3,911 (+6.8%), from €57,849 to €61,760
of which Trade receivables: +€11,370
- Reserves +€11,040
up €11,040 (+44.0%), from €25,081 to €36,121
- Trade debts +€8,095
up €8,095 (+26.4%), from €30,696 to €38,791
- Short-term financial debts -€2,153
no longer reported in 2025 (was €2,153)
- Gross operating margin +€6,296
up €6,296 (+40.2%), from €15,657 to €21,953
- Taxes +€2,742
up €2,742 (+78.4%), from €3,498 to €6,240
- Financial income -€380
down €380 (-32.3%), from €1,177 to €797
- Depreciation +€345
up €345 (+10.6%), from €3,264 to €3,609
- Other operating charges +€273
up €273 (+21.3%), from €1,280 to €1,553
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 | €79,140 | €97,050 | +€17,911 | +22.6% |
| Fixed assets | 21/28 | €15,957 | €15,907 | -€50 | -0.3% |
| Tangible fixed assets | 22/27 | €9,957 | €9,907 | -€50 | -0.5% |
| Land and buildings | 22 | - | €2,391 | +€2,391 | |
| Plant, machinery and equipment | 23 | - | €832 | +€832 | |
| Furniture and vehicles | 24 | €9,957 | €6,685 | -€3,273 | -32.9% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €63,182 | €81,143 | +€17,961 | +28.4% |
| Stocks and contracts in progress | 3 | €4,156 | €4,156 | = | 0.0% |
| Stocks | 30/36 | €4,156 | €4,156 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,849 | €61,760 | +€3,911 | +6.8% |
| Trade receivables | 40 | €35,137 | €46,507 | +€11,370 | +32.4% |
| Other amounts receivable | 41 | €22,712 | €15,253 | -€7,459 | -32.8% |
| Cash at bank and in hand | 54/58 | - | €14,088 | +€14,088 | |
| Deferred charges and accrued income | 490/1 | €1,177 | €1,139 | -€38 | -3.2% |
| Total equity and liabilities | 10/49 | €79,140 | €97,050 | +€17,911 | +22.6% |
| Equity | 10/15 | €37,481 | €48,521 | +€11,040 | +29.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,081 | €36,121 | +€11,040 | +44.0% |
| Distributable reserves | 133 | €25,081 | €36,121 | +€11,040 | +44.0% |
| Amounts payable | 17/49 | €41,659 | €48,529 | +€6,870 | +16.5% |
| Amounts payable within one year | 42/48 | €41,659 | €48,529 | +€6,870 | +16.5% |
| Financial debts | 43 | €2,153 | - | -€2,153 | |
| Credit institutions | 430/8 | €2,153 | - | -€2,153 | |
| Trade debts | 44 | €30,696 | €38,791 | +€8,095 | +26.4% |
| Suppliers | 440/4 | €30,696 | €38,791 | +€8,095 | +26.4% |
| Taxes, remuneration and social security | 45 | €8,809 | €9,738 | +€928 | +10.5% |
| Taxes | 450/3 | €8,809 | €9,738 | +€928 | +10.5% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,264 | €3,609 | +€345 | +10.6% |
| Other operating charges | 640/8 | €1,280 | €1,553 | +€273 | +21.3% |
| Gross operating margin | 9900 | €15,657 | €21,953 | +€6,296 | +40.2% |
| Operating profit (loss) | 9901 | €11,113 | €16,791 | +€5,678 | +51.1% |
| Financial income | 75/76B | €1,177 | €797 | -€380 | -32.3% |
| Recurring financial income | 75 | €1,177 | €797 | -€380 | -32.3% |
| Financial charges | 65/66B | €409 | €308 | -€101 | -24.7% |
| Recurring financial charges | 65 | €409 | €308 | -€101 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €11,881 | €17,281 | +€5,399 | +45.4% |
| Income taxes | 67/77 | €3,498 | €6,240 | +€2,742 | +78.4% |
| Profit (loss) for the period | 9904 | €8,384 | €11,040 | +€2,657 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,384 | €11,040 | +€2,657 | +31.7% |
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 14 October 2026 via checked.be.