AZT: 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.
AZT
Largest movements
- Financial fixed assets -€118,650
down €118,650 (-100.0%), from €118,650 to €0
- Intangible fixed assets +€76,543
new in 2025: €76,543
- Cash -€38,273
down €38,273 (-87.4%), from €43,775 to €5,502
mainly Debts after one year (-€63,856) and Contributions, distributions and other (-€54,746)
- Receivables within one year +€23,063
up €23,063 (+754.0%), from €3,059 to €26,122
of which Other amounts receivable: +€21,355
- Tangible fixed assets -€7,664
down €7,664 (-26.1%), from €29,364 to €21,700
- Debts after one year -€63,856
down €63,856 (-80.1%), from €79,690 to €15,834
of which Financial debts: -€79,690
- Other debts +€22,493
up €22,493 (+66.1%), from €34,041 to €56,534
- Tax, wage and social debts -€12,192
down €12,192 (-58.5%), from €20,824 to €8,632
of which Taxes: -€12,192
- Current portion of long-term debt -€11,159
down €11,159 (-100.0%), from €11,159 to €0
- Financial income +€49,097
up €49,097 (+212.2%), from €23,134 to €72,231
- Gross operating margin -€36,785
down €36,785, from €32,868 to -€3,917
- Taxes -€5,968
down €5,968 (-93.7%), from €6,368 to €399
- Depreciation +€2,386
up €2,386 (+27.5%), from €8,677 to €11,063
- Financial charges +€774
up €774 (+122.7%), from €631 to €1,404
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 | €195,088 | €130,210 | -€64,878 | -33.3% |
| Fixed assets | 21/28 | €148,014 | €98,243 | -€49,771 | -33.6% |
| Intangible fixed assets | 21 | - | €76,543 | +€76,543 | |
| Tangible fixed assets | 22/27 | €29,364 | €21,700 | -€7,664 | -26.1% |
| Furniture and vehicles | 24 | €29,364 | €21,700 | -€7,664 | -26.1% |
| Financial fixed assets | 28 | €118,650 | €0 | -€118,650 | -100.0% |
| Current assets | 29/58 | €47,074 | €31,967 | -€15,107 | -32.1% |
| Amounts receivable within one year | 40/41 | €3,059 | €26,122 | +€23,063 | +754.0% |
| Trade receivables | 40 | €3,059 | €4,767 | +€1,708 | +55.8% |
| Other amounts receivable | 41 | - | €21,355 | +€21,355 | |
| Cash at bank and in hand | 54/58 | €43,775 | €5,502 | -€38,273 | -87.4% |
| Deferred charges and accrued income | 490/1 | €240 | €342 | +€102 | +42.5% |
| Total equity and liabilities | 10/49 | €195,088 | €130,210 | -€64,878 | -33.3% |
| Equity | 10/15 | €48,511 | €48,511 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,511 | €43,511 | = | 0.0% |
| Distributable reserves | 133 | €43,511 | €43,511 | = | 0.0% |
| Amounts payable | 17/49 | €146,577 | €81,699 | -€64,878 | -44.3% |
| Amounts payable after more than one year | 17 | €79,690 | €15,834 | -€63,856 | -80.1% |
| Financial debts | 170/4 | €79,690 | €0 | -€79,690 | -100.0% |
| Other amounts payable | 178/9 | - | €15,834 | +€15,834 | |
| Amounts payable within one year | 42/48 | €66,887 | €65,865 | -€1,022 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €11,159 | €0 | -€11,159 | -100.0% |
| Trade debts | 44 | €864 | €699 | -€165 | -19.1% |
| Suppliers | 440/4 | €864 | €699 | -€165 | -19.1% |
| Taxes, remuneration and social security | 45 | €20,824 | €8,632 | -€12,192 | -58.5% |
| Taxes | 450/3 | €20,824 | €8,632 | -€12,192 | -58.5% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €34,041 | €56,534 | +€22,493 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,677 | €11,063 | +€2,386 | +27.5% |
| Other operating charges | 640/8 | €278 | €702 | +€423 | +152.0% |
| Gross operating margin | 9900 | €32,868 | -€3,917 | -€36,785 | |
| Operating profit (loss) | 9901 | €23,913 | -€15,682 | -€39,594 | |
| Financial income | 75/76B | €23,134 | €72,231 | +€49,097 | +212.2% |
| Recurring financial income | 75 | €23,134 | €72,231 | +€49,097 | +212.2% |
| Financial charges | 65/66B | €631 | €1,404 | +€774 | +122.7% |
| Recurring financial charges | 65 | €631 | €1,404 | +€774 | +122.7% |
| Profit (loss) for the period before taxes | 9903 | €46,416 | €55,145 | +€8,729 | +18.8% |
| Income taxes | 67/77 | €6,368 | €399 | -€5,968 | -93.7% |
| Profit (loss) for the period | 9904 | €40,048 | €54,746 | +€14,698 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,048 | €54,746 | +€14,698 | +36.7% |
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.