AZ CONCEPT: 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.
AZ CONCEPT
Largest movements
- Receivables within one year -€89,663
down €89,663 (-92.9%), from €96,553 to €6,891
of which Trade receivables: -€86,676
- Cash +€3,749
up €3,749 (+143%), from €2,628 to €6,377
mainly Receivables within one year (+€89,663) and Investment in fixed assets (net) (+€1,898)
- Trade debts -€60,339
down €60,339 (-83.8%), from €71,977 to €11,638
- Debts after one year -€18,275
down €18,275 (-6.9%), from €265,783 to €247,508
- Profit (loss) carried forward -€8,208
down €8,208 (-93.5%), from €8,775 to €567
- Gross operating margin -€20,788
down €20,788, from €13,839 to -€6,948
- Taxes -€3,222
no longer reported in 2025 (was €3,222)
- Other operating charges +€1,010
up €1,010 (+583%), from €173 to €1,183
- Depreciation -€877
no longer reported in 2025 (was €877)
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 | €370,603 | €282,734 | -€87,870 | -23.7% |
| Fixed assets | 21/28 | €1,898 | - | -€1,898 | |
| Tangible fixed assets | 22/27 | €1,898 | - | -€1,898 | |
| Furniture and vehicles | 24 | €1,898 | - | -€1,898 | |
| Current assets | 29/58 | €368,705 | €282,734 | -€85,972 | -23.3% |
| Stocks and contracts in progress | 3 | €269,467 | €269,467 | = | 0.0% |
| Stocks | 30/36 | €269,467 | €269,467 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,553 | €6,891 | -€89,663 | -92.9% |
| Trade receivables | 40 | €93,566 | €6,891 | -€86,676 | -92.6% |
| Other amounts receivable | 41 | €2,987 | - | -€2,987 | |
| Cash at bank and in hand | 54/58 | €2,628 | €6,377 | +€3,749 | +143% |
| Deferred charges and accrued income | 490/1 | €58 | - | -€58 | |
| Total equity and liabilities | 10/49 | €370,603 | €282,734 | -€87,870 | -23.7% |
| Equity | 10/15 | €27,375 | €19,167 | -€8,208 | -30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,775 | €567 | -€8,208 | -93.5% |
| Amounts payable | 17/49 | €343,228 | €263,567 | -€79,662 | -23.2% |
| Amounts payable after more than one year | 17 | €265,783 | €247,508 | -€18,275 | -6.9% |
| Other amounts payable | 178/9 | €265,783 | €247,508 | -€18,275 | -6.9% |
| Amounts payable within one year | 42/48 | €76,101 | €16,058 | -€60,042 | -78.9% |
| Trade debts | 44 | €71,977 | €11,638 | -€60,339 | -83.8% |
| Suppliers | 440/4 | €71,977 | €11,638 | -€60,339 | -83.8% |
| Taxes, remuneration and social security | 45 | €3,222 | €2,844 | -€378 | -11.7% |
| Taxes | 450/3 | €3,222 | €2,844 | -€378 | -11.7% |
| Other amounts payable | 47/48 | €901 | €1,576 | +€675 | +74.9% |
| Accrued charges and deferred income | 492/3 | €1,345 | - | -€1,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €877 | - | -€877 | |
| Other operating charges | 640/8 | €173 | €1,183 | +€1,010 | +583% |
| Gross operating margin | 9900 | €13,839 | -€6,948 | -€20,788 | |
| Operating profit (loss) | 9901 | €12,789 | -€8,132 | -€20,921 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €105 | €77 | -€28 | -27.1% |
| Recurring financial charges | 65 | €105 | €77 | -€28 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €12,685 | -€8,208 | -€20,893 | |
| Income taxes | 67/77 | €3,222 | - | -€3,222 | |
| Profit (loss) for the period | 9904 | €9,463 | -€8,208 | -€17,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,463 | -€8,208 | -€17,671 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.