AZ+ WELDING: 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+ WELDING
Largest movements
- Tangible fixed assets -€122,525
down €122,525 (-15.3%), from €801,083 to €678,558
- Receivables within one year +€88,513
up €88,513 (+101%), from €87,933 to €176,446
of which Trade receivables: +€101,684
- Cash -€17,503
down €17,503 (-65.0%), from €26,919 to €9,415
mainly Receivables within one year (-€88,513) and Debts after one year (-€48,704)
- Debts after one year -€48,704
down €48,704 (-12.1%), from €400,995 to €352,291
- Tax, wage and social debts -€15,027
down €15,027 (-44.9%), from €33,456 to €18,429
of which Taxes: -€14,061
- Gross operating margin -€45,914
down €45,914 (-14.6%), from €313,851 to €267,936
- Taxes -€18,794
down €18,794 (-85.1%), from €22,094 to €3,300
- Staff costs +€13,782
up €13,782 (+17.7%), from €77,991 to €91,773
- Depreciation +€12,177
up €12,177 (+10.1%), from €120,151 to €132,328
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 | €975,362 | €924,811 | -€50,551 | -5.2% |
| Fixed assets | 21/28 | €801,083 | €678,558 | -€122,525 | -15.3% |
| Tangible fixed assets | 22/27 | €801,083 | €678,558 | -€122,525 | -15.3% |
| Land and buildings | 22 | €558,140 | €502,531 | -€55,609 | -10.0% |
| Plant, machinery and equipment | 23 | €160,279 | €125,889 | -€34,390 | -21.5% |
| Furniture and vehicles | 24 | €82,665 | €50,138 | -€32,527 | -39.3% |
| Current assets | 29/58 | €174,279 | €246,253 | +€71,975 | +41.3% |
| Amounts receivable after more than one year | 29 | €47,695 | €42,116 | -€5,579 | -11.7% |
| Other amounts receivable | 291 | €47,695 | €42,116 | -€5,579 | -11.7% |
| Amounts receivable within one year | 40/41 | €87,933 | €176,446 | +€88,513 | +101% |
| Trade receivables | 40 | €74,363 | €176,047 | +€101,684 | +137% |
| Other amounts receivable | 41 | €13,570 | €399 | -€13,171 | -97.1% |
| Cash at bank and in hand | 54/58 | €26,919 | €9,415 | -€17,503 | -65.0% |
| Deferred charges and accrued income | 490/1 | €11,732 | €18,276 | +€6,544 | +55.8% |
| Total equity and liabilities | 10/49 | €975,362 | €924,811 | -€50,551 | -5.2% |
| Equity | 10/15 | €248,694 | €253,744 | +€5,050 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,907 | €207,957 | +€5,050 | +2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €201,047 | €206,097 | +€5,050 | +2.5% |
| Profit (loss) carried forward | 14 | €27,187 | €27,187 | = | 0.0% |
| Amounts payable | 17/49 | €726,667 | €671,067 | -€55,600 | -7.7% |
| Amounts payable after more than one year | 17 | €400,995 | €352,291 | -€48,704 | -12.1% |
| Financial debts | 170/4 | €400,995 | €352,291 | -€48,704 | -12.1% |
| Amounts payable within one year | 42/48 | €316,759 | €308,103 | -€8,656 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €51,005 | €49,406 | -€1,598 | -3.1% |
| Trade debts | 44 | €221,911 | €222,580 | +€668 | +0.3% |
| Suppliers | 440/4 | €221,911 | €222,580 | +€668 | +0.3% |
| Advances received on contracts in progress | 46 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €33,456 | €18,429 | -€15,027 | -44.9% |
| Taxes | 450/3 | €24,142 | €10,081 | -€14,061 | -58.2% |
| Remuneration and social security | 454/9 | €9,314 | €8,347 | -€966 | -10.4% |
| Other amounts payable | 47/48 | €10,000 | €17,689 | +€7,689 | +76.9% |
| Accrued charges and deferred income | 492/3 | €8,914 | €10,673 | +€1,759 | +19.7% |
| Non-recurring operating income | 76A | - | €23,428 | +€23,428 | |
| Remuneration, social security and pensions | 62 | €77,991 | €91,773 | +€13,782 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,151 | €132,328 | +€12,177 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,638 | €4,004 | -€633 | -13.7% |
| Other operating charges | 640/8 | €20,674 | €21,136 | +€462 | +2.2% |
| Gross operating margin | 9900 | €313,851 | €267,936 | -€45,914 | -14.6% |
| Operating profit (loss) | 9901 | €90,397 | €18,695 | -€71,702 | -79.3% |
| Financial income | 75/76B | €1,517 | €2,300 | +€784 | +51.7% |
| Recurring financial income | 75 | €1,517 | €2,300 | +€784 | +51.7% |
| Financial charges | 65/66B | €12,325 | €12,645 | +€321 | +2.6% |
| Recurring financial charges | 65 | €12,325 | €12,645 | +€321 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €79,589 | €8,350 | -€71,239 | -89.5% |
| Income taxes | 67/77 | €22,094 | €3,300 | -€18,794 | -85.1% |
| Profit (loss) for the period | 9904 | €57,494 | €5,050 | -€52,445 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,494 | €5,050 | -€52,445 | -91.2% |
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 17 October 2026 via checked.be.