AZ-ENGINEERING GROUP: 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-ENGINEERING GROUP
Largest movements
- Receivables within one year +€198,963
up €198,963 (+153%), from €129,976 to €328,939
of which Trade receivables: +€180,370
- Tangible fixed assets +€150,574
up €150,574 (+420%), from €35,856 to €186,430
- Cash +€68,674
up €68,674 (+46.9%), from €146,285 to €214,959
mainly Net result for the year (+€506,822) and Tax, wage and social debts (+€32,028)
- Profit (loss) carried forward +€326,822
up €326,822 (+203%), from €161,078 to €487,901
- Reserves +€180,000
new in 2025: €180,000
- Trade debts -€90,015
down €90,015 (-76.0%), from €118,414 to €28,399
- Tax, wage and social debts +€32,028
new in 2025: €32,028
of which Taxes: +€19,086
- Other debts -€30,624
no longer reported in 2025 (was €30,624)
- Gross operating margin +€452,706
up €452,706 (+440%), from €102,856 to €555,562
- Staff costs +€27,782
new in 2025: €27,782
- Taxes +€18,000
new in 2025: €18,000
- Depreciation -€8,964
no longer reported in 2025 (was €8,964)
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 | €312,117 | €730,327 | +€418,211 | +134% |
| Fixed assets | 21/28 | €35,856 | €186,430 | +€150,574 | +420% |
| Tangible fixed assets | 22/27 | €35,856 | €186,430 | +€150,574 | +420% |
| Plant, machinery and equipment | 23 | - | €39,501 | +€39,501 | |
| Furniture and vehicles | 24 | €24,920 | €93,563 | +€68,643 | +275% |
| Leasing and similar rights | 25 | €10,936 | €53,366 | +€42,430 | +388% |
| Current assets | 29/58 | €276,261 | €543,897 | +€267,637 | +96.9% |
| Amounts receivable within one year | 40/41 | €129,976 | €328,939 | +€198,963 | +153% |
| Trade receivables | 40 | €102,758 | €283,127 | +€180,370 | +176% |
| Other amounts receivable | 41 | €27,218 | €45,812 | +€18,593 | +68.3% |
| Cash at bank and in hand | 54/58 | €146,285 | €214,959 | +€68,674 | +46.9% |
| Total equity and liabilities | 10/49 | €312,117 | €730,327 | +€418,211 | +134% |
| Equity | 10/15 | €163,078 | €669,901 | +€506,822 | +311% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €180,000 | +€180,000 | |
| Tax-exempt reserves | 132 | - | €180,000 | +€180,000 | |
| Profit (loss) carried forward | 14 | €161,078 | €487,901 | +€326,822 | +203% |
| Amounts payable | 17/49 | €149,039 | €60,427 | -€88,612 | -59.5% |
| Amounts payable within one year | 42/48 | €149,039 | €60,427 | -€88,612 | -59.5% |
| Trade debts | 44 | €118,414 | €28,399 | -€90,015 | -76.0% |
| Suppliers | 440/4 | €118,414 | €28,399 | -€90,015 | -76.0% |
| Taxes, remuneration and social security | 45 | - | €32,028 | +€32,028 | |
| Taxes | 450/3 | - | €19,086 | +€19,086 | |
| Remuneration and social security | 454/9 | - | €12,941 | +€12,941 | |
| Other amounts payable | 47/48 | €30,624 | - | -€30,624 | |
| Remuneration, social security and pensions | 62 | - | €27,782 | +€27,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,964 | - | -€8,964 | |
| Other operating charges | 640/8 | €2,640 | €4,004 | +€1,364 | +51.7% |
| Gross operating margin | 9900 | €102,856 | €555,562 | +€452,706 | +440% |
| Operating profit (loss) | 9901 | €91,252 | €523,776 | +€432,524 | +474% |
| Financial income | 75/76B | €0 | €1,114 | +€1,114 | +11,139,900% |
| Recurring financial income | 75 | €0 | €1,114 | +€1,114 | +11,139,900% |
| Financial charges | 65/66B | €4,390 | €68 | -€4,323 | -98.5% |
| Recurring financial charges | 65 | €4,390 | €68 | -€4,323 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €86,862 | €524,822 | +€437,961 | +504% |
| Income taxes | 67/77 | - | €18,000 | +€18,000 | |
| Profit (loss) for the period | 9904 | €86,862 | €506,822 | +€419,961 | +483% |
| Profit (loss) for the period to be appropriated | 9905 | €86,862 | €506,822 | +€419,961 | +483% |
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 28 October 2026 via checked.be.