AZ-Tech: 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-Tech
Largest movements
- Cash +€27,014
up €27,014 (+213.0%), from €12,684 to €39,698
mainly Net result for the year (+€35,836) and Tax, wage and social debts (+€6,177)
- Receivables within one year +€13,946
up €13,946 (+84.6%), from €16,492 to €30,438
of which Trade receivables: +€9,846
- Deferred charges and accrued income +€779
new in 2025: €779
- Reserves +€35,836
up €35,836 (+148.2%), from €24,181 to €60,017
- Tax, wage and social debts +€6,177
up €6,177 (+101.8%), from €6,067 to €12,244
of which Taxes: +€6,177
- Gross operating margin +€23,210
up €23,210 (+96.3%), from €24,100 to €47,310
- Taxes +€4,567
up €4,567 (+95.7%), from €4,771 to €9,337
- Other operating charges +€906
up €906 (+225.7%), from €401 to €1,307
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.
Cash bridge derived
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 | €34,482 | €76,761 | +€42,279 | +122.6% |
| Fixed assets | 21/28 | €5,306 | €5,847 | +€540 | +10.2% |
| Tangible fixed assets | 22/27 | €806 | €1,347 | +€540 | +67.0% |
| Plant, machinery and equipment | 23 | €806 | €377 | -€429 | -53.2% |
| Furniture and vehicles | 24 | - | €969 | +€969 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €29,176 | €70,915 | +€41,739 | +143.1% |
| Amounts receivable within one year | 40/41 | €16,492 | €30,438 | +€13,946 | +84.6% |
| Trade receivables | 40 | €0 | €9,846 | +€9,846 | |
| Other amounts receivable | 41 | €16,492 | €20,591 | +€4,099 | +24.9% |
| Cash at bank and in hand | 54/58 | €12,684 | €39,698 | +€27,014 | +213.0% |
| Deferred charges and accrued income | 490/1 | - | €779 | +€779 | |
| Total equity and liabilities | 10/49 | €34,482 | €76,761 | +€42,279 | +122.6% |
| Equity | 10/15 | €27,181 | €63,017 | +€35,836 | +131.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,181 | €60,017 | +€35,836 | +148.2% |
| Distributable reserves | 133 | €24,181 | €60,017 | +€35,836 | +148.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €7,301 | €13,744 | +€6,444 | +88.3% |
| Amounts payable within one year | 42/48 | €7,301 | €13,744 | +€6,444 | +88.3% |
| Trade debts | 44 | €1,234 | €1,476 | +€242 | +19.6% |
| Suppliers | 440/4 | €1,234 | €1,476 | +€242 | +19.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,067 | €12,244 | +€6,177 | +101.8% |
| Taxes | 450/3 | €6,067 | €12,244 | +€6,177 | +101.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €537 | +€108 | +25.2% |
| Other operating charges | 640/8 | €401 | €1,307 | +€906 | +225.7% |
| Non-recurring operating charges | 66A | - | €224 | +€224 | |
| Gross operating margin | 9900 | €24,100 | €47,310 | +€23,210 | +96.3% |
| Operating profit (loss) | 9901 | €23,270 | €45,241 | +€21,972 | +94.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €71 | €68 | -€2 | -3.2% |
| Recurring financial charges | 65 | €71 | €68 | -€2 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €23,202 | €45,173 | +€21,971 | +94.7% |
| Income taxes | 67/77 | €4,771 | €9,337 | +€4,567 | +95.7% |
| Profit (loss) for the period | 9904 | €18,431 | €35,836 | +€17,404 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,431 | €35,836 | +€17,404 | +94.4% |
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 9 October 2026 via checked.be.