AZ DECO: 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.
AZ DECO
Largest movements
- Receivables within one year +€146,524
up €146,524 (+423.2%), from €34,621 to €181,145
of which Other amounts receivable: +€83,452
- Cash -€26,929
down €26,929 (-52.4%), from €51,402 to €24,473
mainly Receivables within one year (-€146,524) and Investment in fixed assets (net) (-€20,758)
- Stocks and contracts +€20,620
up €20,620 (+12.5%), from €165,040 to €185,660
- Tangible fixed assets +€16,907
up €16,907 (+554.1%), from €3,051 to €19,958
of which Plant, machinery and equipment: +€16,278
- Trade debts +€147,562
up €147,562 (+85.1%), from €173,334 to €320,896
of which Suppliers: +€142,419
- Profit (loss) carried forward +€14,203
up €14,203 (+36.1%), from €39,336 to €53,539
- Advances received -€8,809
no longer reported in 2025 (was €8,809)
- Tax, wage and social debts +€7,112
up €7,112 (+54.7%), from €13,009 to €20,121
of which Remuneration and social security: +€5,733
- Purchases and services -€96,050
down €96,050 (-22.4%), from €428,682 to €332,632
- Turnover -€95,819
down €95,819 (-18.1%), from €529,370 to €433,551
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 | €254,488 | €411,609 | +€157,121 | +61.7% |
| Fixed assets | 21/28 | €3,425 | €20,331 | +€16,906 | +493.6% |
| Tangible fixed assets | 22/27 | €3,051 | €19,958 | +€16,907 | +554.1% |
| Plant, machinery and equipment | 23 | €1,663 | €17,941 | +€16,278 | +978.8% |
| Furniture and vehicles | 24 | €1,388 | €2,017 | +€629 | +45.3% |
| Financial fixed assets | 28 | €374 | €373 | -€1 | -0.3% |
| Current assets | 29/58 | €251,063 | €391,278 | +€140,215 | +55.8% |
| Stocks and contracts in progress | 3 | €165,040 | €185,660 | +€20,620 | +12.5% |
| Stocks | 30/36 | €165,040 | €185,660 | +€20,620 | +12.5% |
| Amounts receivable within one year | 40/41 | €34,621 | €181,145 | +€146,524 | +423.2% |
| Trade receivables | 40 | €29,083 | €92,155 | +€63,072 | +216.9% |
| Other amounts receivable | 41 | €5,538 | €88,990 | +€83,452 | +1506.9% |
| Cash at bank and in hand | 54/58 | €51,402 | €24,473 | -€26,929 | -52.4% |
| Total equity and liabilities | 10/49 | €254,488 | €411,609 | +€157,121 | +61.7% |
| Equity | 10/15 | €49,336 | €63,539 | +€14,203 | +28.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,336 | €53,539 | +€14,203 | +36.1% |
| Amounts payable | 17/49 | €205,152 | €348,070 | +€142,918 | +69.7% |
| Amounts payable within one year | 42/48 | €205,152 | €348,070 | +€142,918 | +69.7% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €173,334 | €320,896 | +€147,562 | +85.1% |
| Suppliers | 440/4 | €173,334 | €315,753 | +€142,419 | +82.2% |
| Bills of exchange payable | 441 | - | €5,143 | +€5,143 | |
| Advances received on contracts in progress | 46 | €8,809 | - | -€8,809 | |
| Taxes, remuneration and social security | 45 | €13,009 | €20,121 | +€7,112 | +54.7% |
| Taxes | 450/3 | €5,214 | €6,593 | +€1,379 | +26.4% |
| Remuneration and social security | 454/9 | €7,795 | €13,528 | +€5,733 | +73.5% |
| Other amounts payable | 47/48 | €5,000 | €2,053 | -€2,947 | -58.9% |
| Turnover | 70 | €529,370 | €433,551 | -€95,819 | -18.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €428,682 | €332,632 | -€96,050 | -22.4% |
| Remuneration, social security and pensions | 62 | €70,776 | €71,206 | +€430 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975 | €3,852 | +€2,877 | +295.1% |
| Other operating charges | 640/8 | €191 | €1,439 | +€1,248 | +653.4% |
| Gross operating margin | 9900 | €100,688 | €100,919 | +€231 | +0.2% |
| Operating profit (loss) | 9901 | €28,746 | €24,422 | -€4,324 | -15.0% |
| Financial income | 75/76B | €55 | €1,936 | +€1,881 | +3420.0% |
| Recurring financial income | 75 | €55 | €1,936 | +€1,881 | +3420.0% |
| Financial charges | 65/66B | €10,748 | €7,535 | -€3,213 | -29.9% |
| Recurring financial charges | 65 | €10,748 | €7,535 | -€3,213 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €18,053 | €18,823 | +€770 | +4.3% |
| Income taxes | 67/77 | €4,051 | €4,619 | +€568 | +14.0% |
| Profit (loss) for the period | 9904 | €14,002 | €14,204 | +€202 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,002 | €14,204 | +€202 | +1.4% |
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 4 October 2026 via checked.be.