aZO: 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.
aZO
Largest movements
- Tangible fixed assets +€3,413
up €3,413 (+425.3%), from €802 to €4,215
- Receivables within one year -€799
down €799 (-89.4%), from €894 to €95
- Cash -€548
down €548 (-89.2%), from €615 to €67
mainly Investment in fixed assets (net) (-€5,383) and Net result for the year (-€3,473)
- Other debts +€5,351
up €5,351 (+6.0%), from €89,726 to €95,077
- Profit (loss) carried forward -€3,473
down €3,473 (-2.9%), from -€121,165 to -€124,638
- Trade debts +€188
new in 2025: €188
- Gross operating margin -€3,147
down €3,147, from €1,780 to -€1,366
- Other operating charges -€808
down €808 (-92.9%), from €870 to €62
- Depreciation +€127
up €127 (+6.9%), from €1,843 to €1,970
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 | €2,311 | €4,377 | +€2,065 | +89.4% |
| Fixed assets | 21/28 | €802 | €4,215 | +€3,413 | +425.3% |
| Tangible fixed assets | 22/27 | €802 | €4,215 | +€3,413 | +425.3% |
| Plant, machinery and equipment | 23 | €802 | €4,215 | +€3,413 | +425.3% |
| Current assets | 29/58 | €1,509 | €162 | -€1,347 | -89.3% |
| Amounts receivable within one year | 40/41 | €894 | €95 | -€799 | -89.4% |
| Trade receivables | 40 | €894 | €95 | -€799 | -89.4% |
| Cash at bank and in hand | 54/58 | €615 | €67 | -€548 | -89.2% |
| Total equity and liabilities | 10/49 | €2,311 | €4,377 | +€2,065 | +89.4% |
| Equity | 10/15 | -€87,415 | -€90,888 | -€3,473 | -4.0% |
| Contributions | 10/11 | €33,750 | €33,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,165 | -€124,638 | -€3,473 | -2.9% |
| Amounts payable | 17/49 | €89,726 | €95,264 | +€5,538 | +6.2% |
| Amounts payable within one year | 42/48 | €89,726 | €95,264 | +€5,538 | +6.2% |
| Trade debts | 44 | - | €188 | +€188 | |
| Suppliers | 440/4 | - | €188 | +€188 | |
| Other amounts payable | 47/48 | €89,726 | €95,077 | +€5,351 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,843 | €1,970 | +€127 | +6.9% |
| Other operating charges | 640/8 | €870 | €62 | -€808 | -92.9% |
| Gross operating margin | 9900 | €1,780 | -€1,366 | -€3,147 | |
| Operating profit (loss) | 9901 | -€932 | -€3,398 | -€2,466 | -264.5% |
| Financial charges | 65/66B | €89 | €75 | -€15 | -16.7% |
| Recurring financial charges | 65 | €89 | €75 | -€15 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,022 | -€3,473 | -€2,451 | -239.9% |
| Profit (loss) for the period | 9904 | -€1,022 | -€3,473 | -€2,451 | -239.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,022 | -€3,473 | -€2,451 | -239.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.