AZBIL EUROPE: what changed
What changed
AZBIL EUROPE
NACE 46.140, Agents in the wholesale of industrial machinery, ships and aircraft
filed annual accounts (NBB)
Net result for the year
€239,413
2025 · €203,587+€35,826
Equity
€2.0m
2025 · €3.3m-€1.3m
Cash
€2.5m
2025 · €3.5m-€984,770
Balance sheet total
€4.2m
2025 · €4.8m-€527,217
Largest movements
Assets
- Cash -€984,770
down €984,770 (-28.1%), from €3.5m to €2.5m
mainly Contributions, distributions and other (-€1.6m) and Receivables within one year (-€428,507)
- Receivables within one year +€428,507
up €428,507 (+69.1%), from €620,167 to €1.0m
of which Trade receivables: +€483,214
Equity and liabilities
- Profit (loss) carried forward -€1.3m
down €1.3m (-78.2%), from €1.7m to €364,675
- Other debts +€624,057
up €624,057 (+67.3%), from €927,000 to €1.6m
- Trade debts +€189,554
up €189,554 (+95.3%), from €198,866 to €388,420
- Advances received -€74,722
down €74,722 (-82.6%), from €90,441 to €15,719
Income statement
- Gross operating margin +€2.2m
new in 2026: €2.2m
- Goods and materials -€2.1m
no longer reported in 2026 (was €2.1m)
of which Purchases: -€2.0m
- Services and other goods -€1.1m
no longer reported in 2026 (was €1.1m)
- Turnover +€520,071
up €520,071 (+10.6%), from €4.9m to €5.4m
- Staff costs +€280,686
up €280,686 (+18.2%), from €1.5m to €1.8m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€203,587
Turnover
+€520,071
Other operating income
-€127,156
Goods and materials
+€2.1m
Services and other goods
+€1.1m
Staff costs
-€280,686
Depreciation
-€5,986
Write-downs
-€2,783
Other operating charges
+€519
Other operating items
-€3.2m
Financial income
-€502
Financial charges
-€1,326
Taxes
+€76
Result 2026
€239,413
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€647,798
Investment
-€81,511
Financing
-€1.6m
Cash 2025
€3.5m
From operations (derived)
+€647,798
Net result for the year
+€239,413
Depreciation
+€31,967
Stocks and contracts
+€39,927
Receivables within one year
-€428,507
Deferred charges and accrued income
-€19,430
Trade debts
+€189,554
Tax, wage and social debts
+€35,013
Advances received
-€74,722
Other debts
+€624,057
Accrued charges and deferred income
+€10,526
Investment (derived)
-€81,511
Investment in fixed assets (net)
-€81,511
Financing
-€1.6m
Contributions, distributions and other
-€1.6m
Cash 2026
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,753,379 | €4,226,162 | -€527,217 | -11.1% |
| Fixed assets | 21/28 | €216,413 | €265,956 | +€49,544 | +22.9% |
| Intangible fixed assets | 21 | €1 | €30,156 | +€30,155 | +3,015,515% |
| Tangible fixed assets | 22/27 | €118,976 | €132,194 | +€13,218 | +11.1% |
| Plant, machinery and equipment | 23 | €27,201 | €50,926 | +€23,725 | +87.2% |
| Furniture and vehicles | 24 | €49,376 | €43,668 | -€5,707 | -11.6% |
| Other tangible fixed assets | 26 | €42,400 | €37,600 | -€4,800 | -11.3% |
| Financial fixed assets | 28 | €97,435 | €103,606 | +€6,171 | +6.3% |
| Other financial fixed assets | 284/8 | €97,435 | - | -€97,435 | |
| Amounts receivable and cash guarantees | 285/8 | €97,435 | - | -€97,435 | |
| Current assets | 29/58 | €4,536,966 | €3,960,206 | -€576,761 | -12.7% |
| Stocks and contracts in progress | 3 | €351,274 | €311,347 | -€39,927 | -11.4% |
| Stocks | 30/36 | €351,274 | €311,347 | -€39,927 | -11.4% |
| Goods purchased for resale | 34 | €351,274 | - | -€351,274 | |
| Amounts receivable within one year | 40/41 | €620,167 | €1,048,673 | +€428,507 | +69.1% |
| Trade receivables | 40 | €416,491 | €899,705 | +€483,214 | +116% |
| Other amounts receivable | 41 | €203,676 | €148,968 | -€54,707 | -26.9% |
| Cash at bank and in hand | 54/58 | €3,502,494 | €2,517,724 | -€984,770 | -28.1% |
| Deferred charges and accrued income | 490/1 | €63,032 | €82,462 | +€19,430 | +30.8% |
| Total equity and liabilities | 10/49 | €4,753,379 | €4,226,162 | -€527,217 | -11.1% |
| Equity | 10/15 | €3,318,905 | €2,007,261 | -€1.3m | -39.5% |
| Contributions | 10/11 | €1,493,259 | €1,493,259 | = | 0.0% |
| Capital | 10 | €1,493,259 | €1,493,259 | = | 0.0% |
| Issued capital | 100 | €1,493,259 | €1,493,259 | = | 0.0% |
| Reserves | 13 | €149,326 | €149,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €149,326 | €149,326 | = | 0.0% |
| Legal reserve | 130 | €149,326 | €149,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,676,320 | €364,675 | -€1.3m | -78.2% |
| Amounts payable | 17/49 | €1,434,474 | €2,218,901 | +€784,428 | +54.7% |
| Amounts payable within one year | 42/48 | €1,353,903 | €2,127,805 | +€773,902 | +57.2% |
| Trade debts | 44 | €198,866 | €388,420 | +€189,554 | +95.3% |
| Suppliers | 440/4 | €198,866 | €388,420 | +€189,554 | +95.3% |
| Advances received on contracts in progress | 46 | €90,441 | €15,719 | -€74,722 | -82.6% |
| Taxes, remuneration and social security | 45 | €137,596 | €172,609 | +€35,013 | +25.4% |
| Taxes | 450/3 | €31,147 | €19,320 | -€11,827 | -38.0% |
| Remuneration and social security | 454/9 | €106,449 | €153,289 | +€46,841 | +44.0% |
| Other amounts payable | 47/48 | €927,000 | €1,551,057 | +€624,057 | +67.3% |
| Accrued charges and deferred income | 492/3 | €80,571 | €91,097 | +€10,526 | +13.1% |
| Operating income | 70/76A | €5,032,818 | - | -€5.0m | |
| Turnover | 70 | €4,905,662 | €5,425,733 | +€520,071 | +10.6% |
| Other operating income | 74 | €127,156 | - | -€127,156 | |
| Operating charges | 60/66A | €4,728,442 | - | -€4.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,398,106 | +€3.4m | |
| Goods for resale, raw materials and consumables | 60 | €2,074,019 | - | -€2.1m | |
| Purchases | 600/8 | €1,998,330 | - | -€2.0m | |
| Change in stocks: decrease (increase) | 609 | €75,689 | - | -€75,689 | |
| Services and other goods | 61 | €1,084,477 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €1,543,433 | €1,824,119 | +€280,686 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,982 | €31,967 | +€5,986 | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€986 | €1,798 | +€2,783 | |
| Other operating charges | 640/8 | €1,518 | €998 | -€519 | -34.2% |
| Gross operating margin | 9900 | - | €2,200,835 | +€2.2m | |
| Operating profit (loss) | 9901 | €304,375 | €341,953 | +€37,577 | +12.3% |
| Financial income | 75/76B | €4,541 | €4,039 | -€502 | -11.1% |
| Recurring financial income | 75 | €4,541 | €4,039 | -€502 | -11.1% |
| Income from current assets | 751 | €3,281 | - | -€3,281 | |
| Other financial income | 752/9 | €1,260 | - | -€1,260 | |
| Financial charges | 65/66B | €20,060 | €21,386 | +€1,326 | +6.6% |
| Recurring financial charges | 65 | €20,060 | €21,386 | +€1,326 | +6.6% |
| Debt charges | 650 | €10,014 | - | -€10,014 | |
| Other financial charges | 652/9 | €10,046 | - | -€10,046 | |
| Profit (loss) for the period before taxes | 9903 | €288,857 | €324,606 | +€35,750 | +12.4% |
| Income taxes | 67/77 | €85,270 | €85,194 | -€76 | -0.1% |
| Taxes | 670/3 | €237,341 | - | -€237,341 | |
| Tax adjustments and reversals of tax provisions | 77 | €152,071 | - | -€152,071 | |
| Profit (loss) for the period | 9904 | €203,587 | €239,413 | +€35,826 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €203,587 | €239,413 | +€35,826 | +17.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.