AZM: what changed
Two fiscal 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.
AZM
Largest movements
- Receivables within one year -€16,014
down €16,014 (-26.6%), from €60,182 to €44,168
of which Trade receivables: -€18,716
- Tangible fixed assets -€5,256
down €5,256 (-3.4%), from €155,414 to €150,158
- Debts after one year -€10,415
down €10,415 (-30.1%), from €34,572 to €24,158
- Profit (loss) carried forward -€9,795
down €9,795 (-4.5%), from €218,169 to €208,374
- Purchases and services +€33,610
up €33,610 (+16.5%), from €203,631 to €237,240
- Gross operating margin -€23,268
down €23,268 (-84.4%), from €27,562 to €4,293
- Turnover +€10,341
up €10,341 (+4.5%), from €231,192 to €241,534
- Taxes -€2,749
no longer reported in 2025 (was €2,749)
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 | €278,409 | €257,069 | -€21,340 | -7.7% |
| Fixed assets | 21/28 | €155,454 | €150,198 | -€5,256 | -3.4% |
| Tangible fixed assets | 22/27 | €155,414 | €150,158 | -€5,256 | -3.4% |
| Land and buildings | 22 | €155,414 | €150,158 | -€5,256 | -3.4% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €122,955 | €106,872 | -€16,084 | -13.1% |
| Amounts receivable within one year | 40/41 | €60,182 | €44,168 | -€16,014 | -26.6% |
| Trade receivables | 40 | €55,531 | €36,815 | -€18,716 | -33.7% |
| Other amounts receivable | 41 | €4,651 | €7,352 | +€2,702 | +58.1% |
| Cash at bank and in hand | 54/58 | €62,773 | €62,704 | -€70 | -0.1% |
| Total equity and liabilities | 10/49 | €278,409 | €257,069 | -€21,340 | -7.7% |
| Equity | 10/15 | €226,229 | €216,434 | -€9,795 | -4.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Capital | 10 | €8,060 | €8,060 | = | 0.0% |
| Issued capital | 100 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,169 | €208,374 | -€9,795 | -4.5% |
| Amounts payable | 17/49 | €52,180 | €40,635 | -€11,545 | -22.1% |
| Amounts payable after more than one year | 17 | €34,572 | €24,158 | -€10,415 | -30.1% |
| Financial debts | 170/4 | €34,572 | €24,158 | -€10,415 | -30.1% |
| Amounts payable within one year | 42/48 | €17,608 | €16,477 | -€1,131 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €8,531 | €10,415 | +€1,883 | +22.1% |
| Trade debts | 44 | €870 | - | -€870 | |
| Suppliers | 440/4 | €870 | - | -€870 | |
| Taxes, remuneration and social security | 45 | €6,405 | €6,063 | -€342 | -5.3% |
| Taxes | 450/3 | €6,405 | €4,243 | -€2,162 | -33.8% |
| Remuneration and social security | 454/9 | - | €1,820 | +€1,820 | |
| Other amounts payable | 47/48 | €1,802 | - | -€1,802 | |
| Turnover | 70 | €231,192 | €241,534 | +€10,341 | +4.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €203,631 | €237,240 | +€33,610 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,256 | €5,256 | = | 0.0% |
| Other operating charges | 640/8 | €5,197 | €4,998 | -€199 | -3.8% |
| Gross operating margin | 9900 | €27,562 | €4,293 | -€23,268 | -84.4% |
| Operating profit (loss) | 9901 | €17,108 | -€5,961 | -€23,069 | |
| Financial charges | 65/66B | €1,647 | €3,834 | +€2,187 | +132.8% |
| Recurring financial charges | 65 | €1,647 | €3,834 | +€2,187 | +132.8% |
| Profit (loss) for the period before taxes | 9903 | €15,461 | -€9,795 | -€25,256 | |
| Income taxes | 67/77 | €2,749 | - | -€2,749 | |
| Profit (loss) for the period | 9904 | €12,713 | -€9,795 | -€22,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,713 | -€9,795 | -€22,507 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.