AZ 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 GROUP
Largest movements
- Cash -€21,131
down €21,131 (-68.7%), from €30,775 to €9,644
mainly Current portion of long-term debt (-€12,060) and Other debts (-€6,570)
- Tangible fixed assets -€10,371
down €10,371 (-32.5%), from €31,934 to €21,563
of which Furniture and vehicles: -€9,510
- Current portion of long-term debt -€12,060
down €12,060 (-68.2%), from €17,685 to €5,625
- Other debts -€6,570
down €6,570 (-49.5%), from €13,269 to €6,699
- Debts after one year -€5,625
down €5,625 (-46.6%), from €12,076 to €6,451
- Trade debts -€5,558
down €5,558 (-43.2%), from €12,877 to €7,320
- Tax, wage and social debts -€1,913
down €1,913 (-15.9%), from €12,055 to €10,142
of which Taxes: -€4,648
- Gross operating margin -€57,935
down €57,935 (-54.5%), from €106,214 to €48,279
- Staff costs -€37,714
down €37,714 (-57.3%), from €65,857 to €28,143
- Write-downs +€15,943
up €15,943, from -€15,943 to €0
- Other operating charges -€15,443
down €15,443 (-89.7%), from €17,221 to €1,779
- Taxes -€4,648
down €4,648 (-80.7%), from €5,756 to €1,108
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 | €96,665 | €65,388 | -€31,276 | -32.4% |
| Fixed assets | 21/28 | €36,445 | €25,590 | -€10,855 | -29.8% |
| Intangible fixed assets | 21 | €1,280 | €796 | -€484 | -37.8% |
| Tangible fixed assets | 22/27 | €31,934 | €21,563 | -€10,371 | -32.5% |
| Plant, machinery and equipment | 23 | €4,629 | €3,969 | -€661 | -14.3% |
| Furniture and vehicles | 24 | €25,372 | €15,862 | -€9,510 | -37.5% |
| Other tangible fixed assets | 26 | €1,932 | €1,732 | -€200 | -10.4% |
| Financial fixed assets | 28 | €3,231 | €3,231 | = | 0.0% |
| Current assets | 29/58 | €60,220 | €39,799 | -€20,422 | -33.9% |
| Stocks and contracts in progress | 3 | €9,378 | €10,126 | +€748 | +8.0% |
| Stocks | 30/36 | €9,378 | €5,851 | -€3,527 | -37.6% |
| Contracts in progress | 37 | - | €4,275 | +€4,275 | |
| Amounts receivable within one year | 40/41 | €19,653 | €19,111 | -€542 | -2.8% |
| Trade receivables | 40 | €14,667 | €16,266 | +€1,599 | +10.9% |
| Other amounts receivable | 41 | €4,986 | €2,845 | -€2,141 | -42.9% |
| Cash at bank and in hand | 54/58 | €30,775 | €9,644 | -€21,131 | -68.7% |
| Deferred charges and accrued income | 490/1 | €414 | €917 | +€503 | +121% |
| Total equity and liabilities | 10/49 | €96,665 | €65,388 | -€31,276 | -32.4% |
| Equity | 10/15 | €28,703 | €28,952 | +€248 | +0.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,703 | €25,952 | +€248 | +1.0% |
| Amounts payable | 17/49 | €67,962 | €36,437 | -€31,525 | -46.4% |
| Amounts payable after more than one year | 17 | €12,076 | €6,451 | -€5,625 | -46.6% |
| Financial debts | 170/4 | €12,076 | €6,451 | -€5,625 | -46.6% |
| Amounts payable within one year | 42/48 | €55,886 | €29,786 | -€26,100 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €17,685 | €5,625 | -€12,060 | -68.2% |
| Trade debts | 44 | €12,877 | €7,320 | -€5,558 | -43.2% |
| Suppliers | 440/4 | €12,877 | €7,320 | -€5,558 | -43.2% |
| Taxes, remuneration and social security | 45 | €12,055 | €10,142 | -€1,913 | -15.9% |
| Taxes | 450/3 | €5,756 | €1,108 | -€4,648 | -80.7% |
| Remuneration and social security | 454/9 | €6,299 | €9,033 | +€2,735 | +43.4% |
| Other amounts payable | 47/48 | €13,269 | €6,699 | -€6,570 | -49.5% |
| Accrued charges and deferred income | 492/3 | €0 | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €65,857 | €28,143 | -€37,714 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,345 | €13,184 | +€3,839 | +41.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,943 | €0 | +€15,943 | |
| Other operating charges | 640/8 | €17,221 | €1,779 | -€15,443 | -89.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €106,214 | €48,279 | -€57,935 | -54.5% |
| Operating profit (loss) | 9901 | €29,733 | €5,173 | -€24,560 | -82.6% |
| Financial income | 75/76B | €2 | €0 | -€1 | -89.6% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -89.6% |
| Financial charges | 65/66B | €4,370 | €3,816 | -€553 | -12.7% |
| Recurring financial charges | 65 | €4,370 | €3,816 | -€553 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €25,365 | €1,357 | -€24,008 | -94.7% |
| Income taxes | 67/77 | €5,756 | €1,108 | -€4,648 | -80.7% |
| Profit (loss) for the period | 9904 | €19,609 | €248 | -€19,361 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,609 | €248 | -€19,361 | -98.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.