AZmat: 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.
AZmat
Largest movements
- Receivables within one year +€33,774
up €33,774 (+156.3%), from €21,615 to €55,389
of which Trade receivables: +€36,408
- Stocks and contracts +€11,320
up €11,320 (+49.2%), from €22,994 to €34,314
- Cash -€2,192
down €2,192 (-8.7%), from €25,207 to €23,015
mainly Receivables within one year (-€33,774) and Stocks and contracts (-€11,320)
- Profit (loss) carried forward +€21,138
up €21,138 (+63.4%), from €33,338 to €54,477
- Trade debts +€11,040
up €11,040 (+73.2%), from €15,085 to €26,125
- Tax, wage and social debts +€10,836
up €10,836 (+1412.7%), from €767 to €11,603
- Gross operating margin +€19,706
up €19,706 (+203.0%), from €9,708 to €29,415
- Taxes +€5,556
up €5,556 (+235.3%), from €2,362 to €7,918
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 | €69,895 | €112,809 | +€42,914 | +61.4% |
| Current assets | 29/58 | €69,895 | €112,809 | +€42,914 | +61.4% |
| Stocks and contracts in progress | 3 | €22,994 | €34,314 | +€11,320 | +49.2% |
| Stocks | 30/36 | €22,994 | €34,314 | +€11,320 | +49.2% |
| Amounts receivable within one year | 40/41 | €21,615 | €55,389 | +€33,774 | +156.3% |
| Trade receivables | 40 | €18,981 | €55,389 | +€36,408 | +191.8% |
| Other amounts receivable | 41 | €2,633 | - | -€2,633 | |
| Cash at bank and in hand | 54/58 | €25,207 | €23,015 | -€2,192 | -8.7% |
| Deferred charges and accrued income | 490/1 | €79 | €91 | +€12 | +15.0% |
| Total equity and liabilities | 10/49 | €69,895 | €112,809 | +€42,914 | +61.4% |
| Equity | 10/15 | €51,888 | €73,027 | +€21,138 | +40.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,338 | €54,477 | +€21,138 | +63.4% |
| Amounts payable | 17/49 | €18,006 | €39,782 | +€21,776 | +120.9% |
| Amounts payable within one year | 42/48 | €18,006 | €39,782 | +€21,776 | +120.9% |
| Trade debts | 44 | €15,085 | €26,125 | +€11,040 | +73.2% |
| Suppliers | 440/4 | €15,085 | €26,125 | +€11,040 | +73.2% |
| Advances received on contracts in progress | 46 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €767 | €11,603 | +€10,836 | +1412.7% |
| Taxes | 450/3 | €767 | €11,603 | +€10,836 | +1412.7% |
| Other amounts payable | 47/48 | €2,055 | €2,055 | = | 0.0% |
| Other operating charges | 640/8 | €274 | €557 | +€283 | +103.3% |
| Gross operating margin | 9900 | €9,708 | €29,415 | +€19,706 | +203.0% |
| Operating profit (loss) | 9901 | €9,434 | €28,857 | +€19,423 | +205.9% |
| Financial income | 75/76B | €103 | €333 | +€230 | +223.8% |
| Recurring financial income | 75 | €103 | €333 | +€230 | +223.8% |
| Financial charges | 65/66B | €91 | €134 | +€43 | +47.2% |
| Recurring financial charges | 65 | €91 | €134 | +€43 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €9,446 | €29,056 | +€19,610 | +207.6% |
| Income taxes | 67/77 | €2,362 | €7,918 | +€5,556 | +235.3% |
| Profit (loss) for the period | 9904 | €7,085 | €21,138 | +€14,054 | +198.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,085 | €21,138 | +€14,054 | +198.4% |
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 7 October 2026 via checked.be.