AZ Services: 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 Services
Largest movements
- Receivables within one year +€44,362
up €44,362 (+15.7%), from €282,281 to €326,643
of which Other amounts receivable: +€22,764
- Deferred charges and accrued income +€8,978
up €8,978 (+262%), from €3,429 to €12,408
- Trade debts +€33,296
up €33,296 (+92.8%), from €35,894 to €69,190
- Profit (loss) carried forward +€14,838
up €14,838 (+6.3%), from €235,554 to €250,392
- Tax, wage and social debts +€9,053
up €9,053 (+10.0%), from €90,921 to €99,974
of which Remuneration and social security: +€7,737
- Staff costs +€85,066
up €85,066 (+50.2%), from €169,309 to €254,375
- Taxes -€31,949
down €31,949 (-75.8%), from €42,148 to €10,198
- Gross operating margin -€22,118
down €22,118 (-5.9%), from €374,677 to €352,559
- Depreciation +€12,646
up €12,646 (+29.9%), from €42,363 to €55,009
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 | €565,352 | €621,435 | +€56,083 | +9.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €205,870 | €211,696 | +€5,827 | +2.8% |
| Tangible fixed assets | 22/27 | €205,870 | €206,696 | +€827 | +0.4% |
| Plant, machinery and equipment | 23 | €8,026 | €6,900 | -€1,127 | -14.0% |
| Furniture and vehicles | 24 | €194,770 | €199,797 | +€5,027 | +2.6% |
| Leasing and similar rights | 25 | €3,073 | - | -€3,073 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €359,482 | €409,738 | +€50,256 | +14.0% |
| Stocks and contracts in progress | 3 | €796 | €842 | +€47 | +5.8% |
| Stocks | 30/36 | €796 | €842 | +€47 | +5.8% |
| Amounts receivable within one year | 40/41 | €282,281 | €326,643 | +€44,362 | +15.7% |
| Trade receivables | 40 | €214,842 | €236,440 | +€21,598 | +10.1% |
| Other amounts receivable | 41 | €67,440 | €90,203 | +€22,764 | +33.8% |
| Cash at bank and in hand | 54/58 | €72,976 | €69,845 | -€3,130 | -4.3% |
| Deferred charges and accrued income | 490/1 | €3,429 | €12,408 | +€8,978 | +262% |
| Total equity and liabilities | 10/49 | €565,352 | €621,435 | +€56,083 | +9.9% |
| Equity | 10/15 | €254,154 | €268,992 | +€14,838 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,554 | €250,392 | +€14,838 | +6.3% |
| Amounts payable | 17/49 | €311,198 | €352,443 | +€41,245 | +13.3% |
| Amounts payable after more than one year | 17 | €143,542 | €140,680 | -€2,863 | -2.0% |
| Financial debts | 170/4 | €143,542 | €140,680 | -€2,863 | -2.0% |
| Amounts payable within one year | 42/48 | €167,656 | €211,763 | +€44,107 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €37,091 | €38,682 | +€1,591 | +4.3% |
| Financial debts | 43 | €3,750 | €3,917 | +€167 | +4.4% |
| Other loans | 439 | €3,750 | €3,917 | +€167 | +4.4% |
| Trade debts | 44 | €35,894 | €69,190 | +€33,296 | +92.8% |
| Suppliers | 440/4 | €35,894 | €69,190 | +€33,296 | +92.8% |
| Taxes, remuneration and social security | 45 | €90,921 | €99,974 | +€9,053 | +10.0% |
| Taxes | 450/3 | €46,190 | €47,506 | +€1,316 | +2.8% |
| Remuneration and social security | 454/9 | €44,731 | €52,468 | +€7,737 | +17.3% |
| Non-recurring operating income | 76A | €67,500 | - | -€67,500 | |
| Remuneration, social security and pensions | 62 | €169,309 | €254,375 | +€85,066 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,363 | €55,009 | +€12,646 | +29.9% |
| Other operating charges | 640/8 | €5,256 | €8,949 | +€3,693 | +70.3% |
| Gross operating margin | 9900 | €374,677 | €352,559 | -€22,118 | -5.9% |
| Operating profit (loss) | 9901 | €157,749 | €34,225 | -€123,524 | -78.3% |
| Financial income | 75/76B | €3,054 | €2,960 | -€95 | -3.1% |
| Recurring financial income | 75 | €3,054 | €2,960 | -€95 | -3.1% |
| Financial charges | 65/66B | €15,048 | €12,149 | -€2,899 | -19.3% |
| Recurring financial charges | 65 | €15,048 | €12,149 | -€2,899 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €145,756 | €25,036 | -€120,720 | -82.8% |
| Income taxes | 67/77 | €42,148 | €10,198 | -€31,949 | -75.8% |
| Profit (loss) for the period | 9904 | €103,608 | €14,838 | -€88,770 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,608 | €14,838 | -€88,770 | -85.7% |
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 29 October 2026 via checked.be.