AZCS MANAGEMENT: 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.
AZCS MANAGEMENT
Largest movements
- Cash +€67,930
up €67,930 (+41.6%), from €163,256 to €231,186
mainly Other debts (+€145,577) and Net result for the year (+€138,754)
- Receivables within one year -€31,320
down €31,320 (-32.5%), from €96,320 to €65,000
- Tangible fixed assets +€4,267
new in 2025: €4,267
- Other debts +€145,577
new in 2025: €145,577
- Profit (loss) carried forward -€90,903
down €90,903 (-39.6%), from €229,657 to €138,754
- Current portion of long-term debt -€6,271
down €6,271 (-41.4%), from €15,144 to €8,873
- Tax, wage and social debts -€4,529
down €4,529 (-42.7%), from €10,615 to €6,086
- Gross operating margin +€25,161
up €25,161 (+16.1%), from €156,567 to €181,728
- Taxes +€6,623
up €6,623 (+19.0%), from €34,913 to €41,535
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 | €259,689 | €301,825 | +€42,136 | +16.2% |
| Fixed assets | 21/28 | - | €4,267 | +€4,267 | |
| Tangible fixed assets | 22/27 | - | €4,267 | +€4,267 | |
| Furniture and vehicles | 24 | - | €4,267 | +€4,267 | |
| Current assets | 29/58 | €259,689 | €297,558 | +€37,870 | +14.6% |
| Amounts receivable within one year | 40/41 | €96,320 | €65,000 | -€31,320 | -32.5% |
| Other amounts receivable | 41 | €96,320 | €65,000 | -€31,320 | -32.5% |
| Cash at bank and in hand | 54/58 | €163,256 | €231,186 | +€67,930 | +41.6% |
| Deferred charges and accrued income | 490/1 | €112 | €1,372 | +€1,260 | +1,125% |
| Total equity and liabilities | 10/49 | €259,689 | €301,825 | +€42,136 | +16.2% |
| Equity | 10/15 | €230,657 | €139,754 | -€90,903 | -39.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,657 | €138,754 | -€90,903 | -39.6% |
| Amounts payable | 17/49 | €29,032 | €162,071 | +€133,039 | +458% |
| Amounts payable within one year | 42/48 | €29,032 | €162,071 | +€133,039 | +458% |
| Current portion of amounts payable after more than one year | 42 | €15,144 | €8,873 | -€6,271 | -41.4% |
| Trade debts | 44 | €3,273 | €1,536 | -€1,737 | -53.1% |
| Suppliers | 440/4 | €3,273 | €1,536 | -€1,737 | -53.1% |
| Taxes, remuneration and social security | 45 | €10,615 | €6,086 | -€4,529 | -42.7% |
| Taxes | 450/3 | €10,615 | €6,086 | -€4,529 | -42.7% |
| Other amounts payable | 47/48 | - | €145,577 | +€145,577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €822 | +€822 | |
| Other operating charges | 640/8 | €896 | €1,042 | +€146 | +16.3% |
| Gross operating margin | 9900 | €156,567 | €181,728 | +€25,161 | +16.1% |
| Operating profit (loss) | 9901 | €155,671 | €179,864 | +€24,193 | +15.5% |
| Financial income | 75/76B | €492 | €1,499 | +€1,007 | +205% |
| Recurring financial income | 75 | €492 | €1,499 | +€1,007 | +205% |
| Financial charges | 65/66B | €1,104 | €1,074 | -€31 | -2.8% |
| Recurring financial charges | 65 | €1,104 | €1,074 | -€31 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €155,059 | €180,289 | +€25,230 | +16.3% |
| Income taxes | 67/77 | €34,913 | €41,535 | +€6,623 | +19.0% |
| Profit (loss) for the period | 9904 | €120,147 | €138,754 | +€18,607 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €120,147 | €138,754 | +€18,607 | +15.5% |
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 18 October 2026 via checked.be.