AZ EXPRESS: 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 EXPRESS
Largest movements
- Receivables within one year -€10,213
down €10,213 (-76.0%), from €13,438 to €3,225
of which Trade receivables: -€12,275
- Cash -€3,236
down €3,236 (-67.6%), from €4,784 to €1,548
mainly Net result for the year (-€21,578) and Tax, wage and social debts (-€2,430)
- Tangible fixed assets -€2,594
down €2,594 (-37.9%), from €6,853 to €4,259
of which Furniture and vehicles: -€2,200
- Stocks and contracts -€312
no longer reported in 2025 (was €312)
- Profit (loss) carried forward -€21,578
down €21,578, from €10,020 to -€11,558
- Trade debts +€3,272
up €3,272 (+329%), from €996 to €4,267
- Tax, wage and social debts -€2,430
down €2,430 (-24.7%), from €9,841 to €7,411
of which Remuneration and social security: -€1,432
- Accrued charges and deferred income +€2,429
new in 2025: €2,429
- Other debts +€1,954
up €1,954 (+55.3%), from €3,530 to €5,484
- Staff costs +€17,194
up €17,194 (+157%), from €10,986 to €28,181
- Gross operating margin -€9,264
down €9,264 (-48.0%), from €19,282 to €10,019
- Taxes -€1,534
no longer reported in 2025 (was €1,534)
- Other operating charges -€913
down €913 (-58.7%), from €1,554 to €641
- Depreciation +€295
up €295 (+12.8%), from €2,299 to €2,594
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 | €25,387 | €9,033 | -€16,354 | -64.4% |
| Fixed assets | 21/28 | €6,853 | €4,259 | -€2,594 | -37.9% |
| Tangible fixed assets | 22/27 | €6,853 | €4,259 | -€2,594 | -37.9% |
| Plant, machinery and equipment | 23 | €777 | €383 | -€394 | -50.8% |
| Furniture and vehicles | 24 | €6,076 | €3,876 | -€2,200 | -36.2% |
| Current assets | 29/58 | €18,534 | €4,774 | -€13,760 | -74.2% |
| Stocks and contracts in progress | 3 | €312 | - | -€312 | |
| Stocks | 30/36 | €312 | - | -€312 | |
| Amounts receivable within one year | 40/41 | €13,438 | €3,225 | -€10,213 | -76.0% |
| Trade receivables | 40 | €12,653 | €378 | -€12,275 | -97.0% |
| Other amounts receivable | 41 | €785 | €2,847 | +€2,062 | +263% |
| Cash at bank and in hand | 54/58 | €4,784 | €1,548 | -€3,236 | -67.6% |
| Total equity and liabilities | 10/49 | €25,387 | €9,033 | -€16,354 | -64.4% |
| Equity | 10/15 | €11,020 | -€10,558 | -€21,578 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,020 | -€11,558 | -€21,578 | |
| Amounts payable | 17/49 | €14,367 | €19,591 | +€5,224 | +36.4% |
| Amounts payable within one year | 42/48 | €14,367 | €17,162 | +€2,795 | +19.5% |
| Trade debts | 44 | €996 | €4,267 | +€3,272 | +329% |
| Suppliers | 440/4 | €996 | €4,267 | +€3,272 | +329% |
| Taxes, remuneration and social security | 45 | €9,841 | €7,411 | -€2,430 | -24.7% |
| Taxes | 450/3 | €6,632 | €5,633 | -€999 | -15.1% |
| Remuneration and social security | 454/9 | €3,209 | €1,777 | -€1,432 | -44.6% |
| Other amounts payable | 47/48 | €3,530 | €5,484 | +€1,954 | +55.3% |
| Accrued charges and deferred income | 492/3 | - | €2,429 | +€2,429 | |
| Remuneration, social security and pensions | 62 | €10,986 | €28,181 | +€17,194 | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299 | €2,594 | +€295 | +12.8% |
| Other operating charges | 640/8 | €1,554 | €641 | -€913 | -58.7% |
| Gross operating margin | 9900 | €19,282 | €10,019 | -€9,264 | -48.0% |
| Operating profit (loss) | 9901 | €4,443 | -€21,398 | -€25,840 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €184 | €180 | -€3 | -1.8% |
| Recurring financial charges | 65 | €184 | €180 | -€3 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €4,259 | -€21,578 | -€25,837 | |
| Income taxes | 67/77 | €1,534 | - | -€1,534 | |
| Profit (loss) for the period | 9904 | €2,725 | -€21,578 | -€24,303 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,725 | -€21,578 | -€24,303 |
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 13 October 2026 via checked.be.