AZ PROJECTS EN CONSULTING: 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 PROJECTS EN CONSULTING
Largest movements
- Current investments +€36,069
up €36,069 (+56.6%), from €63,679 to €99,748
- Cash +€29,617
up €29,617 (+24.7%), from €120,136 to €149,753
mainly Other debts (+€243,201) and Net result for the year (+€49,082)
- Receivables within one year -€8,617
down €8,617 (-42.4%), from €20,322 to €11,705
of which Trade receivables: -€9,024
- Other debts +€243,201
up €243,201 (+1,315%), from €18,500 to €261,701
- Profit (loss) carried forward -€187,277
no longer reported in 2025 (was €187,277)
- Gross operating margin -€14,170
down €14,170 (-18.3%), from €77,237 to €63,067
- Financial income +€4,636
up €4,636 (+432%), from €1,074 to €5,710
- Taxes -€4,404
down €4,404 (-21.7%), from €20,249 to €15,845
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 | €211,753 | €266,237 | +€54,484 | +25.7% |
| Fixed assets | 21/28 | €7,616 | €5,031 | -€2,585 | -33.9% |
| Tangible fixed assets | 22/27 | €7,616 | €5,031 | -€2,585 | -33.9% |
| Land and buildings | 22 | €2,116 | €1,761 | -€355 | -16.8% |
| Plant, machinery and equipment | 23 | €1,414 | €197 | -€1,217 | -86.1% |
| Furniture and vehicles | 24 | €4,086 | €3,073 | -€1,013 | -24.8% |
| Current assets | 29/58 | €204,137 | €261,206 | +€57,069 | +28.0% |
| Amounts receivable within one year | 40/41 | €20,322 | €11,705 | -€8,617 | -42.4% |
| Trade receivables | 40 | €15,501 | €6,477 | -€9,024 | -58.2% |
| Other amounts receivable | 41 | €4,821 | €5,228 | +€407 | +8.4% |
| Current investments | 50/53 | €63,679 | €99,748 | +€36,069 | +56.6% |
| Cash at bank and in hand | 54/58 | €120,136 | €149,753 | +€29,617 | +24.7% |
| Total equity and liabilities | 10/49 | €211,753 | €266,237 | +€54,484 | +25.7% |
| Equity | 10/15 | €188,277 | €1,000 | -€187,277 | -99.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,277 | - | -€187,277 | |
| Amounts payable | 17/49 | €23,476 | €265,237 | +€241,760 | +1,030% |
| Amounts payable within one year | 42/48 | €23,476 | €265,237 | +€241,760 | +1,030% |
| Taxes, remuneration and social security | 45 | €4,976 | €3,535 | -€1,441 | -29.0% |
| Taxes | 450/3 | €4,976 | €3,535 | -€1,441 | -29.0% |
| Other amounts payable | 47/48 | €18,500 | €261,701 | +€243,201 | +1,315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €2,585 | +€48 | +1.9% |
| Other operating charges | 640/8 | €770 | €791 | +€22 | +2.8% |
| Gross operating margin | 9900 | €77,237 | €63,067 | -€14,170 | -18.3% |
| Operating profit (loss) | 9901 | €73,930 | €59,691 | -€14,240 | -19.3% |
| Financial income | 75/76B | €1,074 | €5,710 | +€4,636 | +432% |
| Recurring financial income | 75 | €1,074 | €5,710 | +€4,636 | +432% |
| Financial charges | 65/66B | €384 | €474 | +€90 | +23.3% |
| Recurring financial charges | 65 | €384 | €474 | +€90 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €74,620 | €64,927 | -€9,693 | -13.0% |
| Income taxes | 67/77 | €20,249 | €15,845 | -€4,404 | -21.7% |
| Profit (loss) for the period | 9904 | €54,371 | €49,082 | -€5,289 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,371 | €49,082 | -€5,289 | -9.7% |
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 26 October 2026 via checked.be.