AZ PUBLICITE: 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 PUBLICITE
Largest movements
- Receivables within one year +€9,688
up €9,688 (+9.0%), from €107,844 to €117,532
of which Other amounts receivable: +€13,626
- Tangible fixed assets -€9,298
down €9,298 (-17.7%), from €52,641 to €43,344
of which Leasing and similar rights: -€15,812
- Stocks and contracts +€3,000
up €3,000 (+50.0%), from €6,000 to €9,000
- Short-term financial debts +€28,205
new in 2025: €28,205
- Debts after one year -€14,672
down €14,672 (-50.8%), from €28,863 to €14,191
- Profit (loss) carried forward +€11,023
up €11,023 (+37.1%), from €29,743 to €40,766
- Other debts -€10,503
down €10,503 (-43.6%), from €24,061 to €13,559
- Trade debts -€4,756
down €4,756 (-10.4%), from €45,794 to €41,038
- Write-downs +€16,035
up €16,035, from -€500 to €15,535
- Gross operating margin +€3,548
up €3,548 (+6.3%), from €56,495 to €60,043
- Taxes -€3,254
down €3,254 (-38.9%), from €8,361 to €5,107
- Other operating charges +€1,955
up €1,955 (+112%), from €1,743 to €3,698
- Financial charges -€1,879
down €1,879 (-31.0%), from €6,055 to €4,176
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 | €167,745 | €170,219 | +€2,473 | +1.5% |
| Fixed assets | 21/28 | €52,641 | €43,344 | -€9,298 | -17.7% |
| Tangible fixed assets | 22/27 | €52,641 | €43,344 | -€9,298 | -17.7% |
| Furniture and vehicles | 24 | €7,081 | €13,596 | +€6,515 | +92.0% |
| Leasing and similar rights | 25 | €45,560 | €29,748 | -€15,812 | -34.7% |
| Current assets | 29/58 | €115,104 | €126,875 | +€11,771 | +10.2% |
| Stocks and contracts in progress | 3 | €6,000 | €9,000 | +€3,000 | +50.0% |
| Stocks | 30/36 | €6,000 | €9,000 | +€3,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €107,844 | €117,532 | +€9,688 | +9.0% |
| Trade receivables | 40 | €59,368 | €55,430 | -€3,938 | -6.6% |
| Other amounts receivable | 41 | €48,476 | €62,102 | +€13,626 | +28.1% |
| Cash at bank and in hand | 54/58 | €1,260 | - | -€1,260 | |
| Deferred charges and accrued income | 490/1 | - | €343 | +€343 | |
| Total equity and liabilities | 10/49 | €167,745 | €170,219 | +€2,473 | +1.5% |
| Equity | 10/15 | €36,038 | €47,061 | +€11,023 | +30.6% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €45 | €45 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45 | €45 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45 | €45 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,743 | €40,766 | +€11,023 | +37.1% |
| Amounts payable | 17/49 | €131,708 | €123,158 | -€8,550 | -6.5% |
| Amounts payable after more than one year | 17 | €28,863 | €14,191 | -€14,672 | -50.8% |
| Financial debts | 170/4 | €28,863 | €14,191 | -€14,672 | -50.8% |
| Amounts payable within one year | 42/48 | €102,844 | €108,966 | +€6,122 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €14,060 | €13,473 | -€587 | -4.2% |
| Financial debts | 43 | - | €28,205 | +€28,205 | |
| Credit institutions | 430/8 | - | €28,205 | +€28,205 | |
| Trade debts | 44 | €45,794 | €41,038 | -€4,756 | -10.4% |
| Suppliers | 440/4 | €45,794 | €41,038 | -€4,756 | -10.4% |
| Advances received on contracts in progress | 46 | €1,635 | - | -€1,635 | |
| Taxes, remuneration and social security | 45 | €17,294 | €12,691 | -€4,603 | -26.6% |
| Taxes | 450/3 | €16,381 | €12,691 | -€3,690 | -22.5% |
| Remuneration and social security | 454/9 | €913 | - | -€913 | |
| Other amounts payable | 47/48 | €24,061 | €13,559 | -€10,503 | -43.6% |
| Non-recurring operating income | 76A | €1,485 | €7,803 | +€6,318 | +425% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,735 | €20,492 | +€1,757 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€500 | €15,535 | +€16,035 | |
| Other operating charges | 640/8 | €1,743 | €3,698 | +€1,955 | +112% |
| Non-recurring operating charges | 66A | €6 | €55 | +€49 | +755% |
| Gross operating margin | 9900 | €56,495 | €60,043 | +€3,548 | +6.3% |
| Operating profit (loss) | 9901 | €36,510 | €20,262 | -€16,247 | -44.5% |
| Financial income | 75/76B | €11 | €44 | +€33 | +314% |
| Recurring financial income | 75 | €11 | €44 | +€33 | +314% |
| Financial charges | 65/66B | €6,055 | €4,176 | -€1,879 | -31.0% |
| Recurring financial charges | 65 | €6,055 | €4,176 | -€1,879 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €30,466 | €16,130 | -€14,336 | -47.1% |
| Income taxes | 67/77 | €8,361 | €5,107 | -€3,254 | -38.9% |
| Profit (loss) for the period | 9904 | €22,104 | €11,023 | -€11,081 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,104 | €11,023 | -€11,081 | -50.1% |
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 16 October 2026 via checked.be.