AZ ENGINEERING: 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 ENGINEERING
Largest movements
- Receivables within one year -€18,142
down €18,142 (-32.7%), from €55,506 to €37,364
of which Trade receivables: -€32,868
- Cash +€5,316
up €5,316 (+5.7%), from €92,561 to €97,877
mainly Net result for the year (+€29,804) and Receivables within one year (+€18,142)
- Tangible fixed assets -€3,725
down €3,725 (-7.4%), from €50,616 to €46,891
of which Furniture and vehicles: -€2,237
- Tax, wage and social debts -€24,693
down €24,693 (-70.9%), from €34,829 to €10,136
- Trade debts +€7,507
up €7,507 (+115.0%), from €6,527 to €14,035
- Other debts +€4,156
up €4,156 (+45.4%), from €9,148 to €13,304
- Debts after one year -€4,106
down €4,106 (-40.0%), from €10,275 to €6,169
- Gross operating margin -€44,019
down €44,019 (-43.1%), from €102,047 to €58,029
- Taxes -€13,876
down €13,876 (-55.1%), from €25,203 to €11,328
- Depreciation -€1,029
down €1,029 (-6.4%), from €16,053 to €15,024
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 | €201,130 | €184,295 | -€16,835 | -8.4% |
| Fixed assets | 21/28 | €50,641 | €46,916 | -€3,725 | -7.4% |
| Tangible fixed assets | 22/27 | €50,616 | €46,891 | -€3,725 | -7.4% |
| Plant, machinery and equipment | 23 | €1,034 | €191 | -€843 | -81.5% |
| Furniture and vehicles | 24 | €43,521 | €41,285 | -€2,237 | -5.1% |
| Other tangible fixed assets | 26 | €6,061 | €5,415 | -€645 | -10.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €150,489 | €137,380 | -€13,110 | -8.7% |
| Amounts receivable within one year | 40/41 | €55,506 | €37,364 | -€18,142 | -32.7% |
| Trade receivables | 40 | €55,506 | €22,638 | -€32,868 | -59.2% |
| Other amounts receivable | 41 | - | €14,726 | +€14,726 | |
| Cash at bank and in hand | 54/58 | €92,561 | €97,877 | +€5,316 | +5.7% |
| Deferred charges and accrued income | 490/1 | €2,422 | €2,139 | -€284 | -11.7% |
| Total equity and liabilities | 10/49 | €201,130 | €184,295 | -€16,835 | -8.4% |
| Equity | 10/15 | €127,412 | €127,412 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €115,012 | €115,012 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €113,152 | €113,152 | = | 0.0% |
| Amounts payable | 17/49 | €73,718 | €56,883 | -€16,835 | -22.8% |
| Amounts payable after more than one year | 17 | €10,275 | €6,169 | -€4,106 | -40.0% |
| Financial debts | 170/4 | €10,275 | €6,169 | -€4,106 | -40.0% |
| Amounts payable within one year | 42/48 | €63,257 | €50,425 | -€12,832 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €12,752 | €12,951 | +€198 | +1.6% |
| Trade debts | 44 | €6,527 | €14,035 | +€7,507 | +115.0% |
| Suppliers | 440/4 | €6,527 | €14,035 | +€7,507 | +115.0% |
| Taxes, remuneration and social security | 45 | €34,829 | €10,136 | -€24,693 | -70.9% |
| Taxes | 450/3 | €34,829 | €10,136 | -€24,693 | -70.9% |
| Other amounts payable | 47/48 | €9,148 | €13,304 | +€4,156 | +45.4% |
| Accrued charges and deferred income | 492/3 | €187 | €289 | +€103 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,053 | €15,024 | -€1,029 | -6.4% |
| Other operating charges | 640/8 | €1,575 | €998 | -€577 | -36.7% |
| Gross operating margin | 9900 | €102,047 | €58,029 | -€44,019 | -43.1% |
| Operating profit (loss) | 9901 | €84,419 | €42,007 | -€42,413 | -50.2% |
| Financial income | 75/76B | €811 | €320 | -€491 | -60.6% |
| Recurring financial income | 75 | €811 | €320 | -€491 | -60.6% |
| Financial charges | 65/66B | €1,216 | €1,195 | -€22 | -1.8% |
| Recurring financial charges | 65 | €1,216 | €1,195 | -€22 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €84,014 | €41,132 | -€42,882 | -51.0% |
| Income taxes | 67/77 | €25,203 | €11,328 | -€13,876 | -55.1% |
| Profit (loss) for the period | 9904 | €58,810 | €29,804 | -€29,006 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,810 | €29,804 | -€29,006 | -49.3% |
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 5 October 2026 via checked.be.