AZZ MANAGEMENT & CONSULTING: 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.
AZZ MANAGEMENT & CONSULTING
Largest movements
- Cash -€5,454
down €5,454 (-23.4%), from €23,349 to €17,895
mainly Contributions, distributions and other (-€31,000) and Other debts (-€2,007)
- Tangible fixed assets -€2,391
down €2,391 (-29.9%), from €7,995 to €5,604
of which Plant, machinery and equipment: -€1,220
- Receivables within one year -€545
down €545 (-4.7%), from €11,625 to €11,080
of which Trade receivables: -€545
- Deferred charges and accrued income +€517
up €517 (+34.4%), from €1,501 to €2,017
- Profit (loss) carried forward -€7,614
down €7,614 (-91.4%), from €8,329 to €715
- Tax, wage and social debts +€2,334
up €2,334 (+20.6%), from €11,332 to €13,667
- Other debts -€2,007
down €2,007 (-9.4%), from €21,250 to €19,243
- Trade debts -€586
down €586 (-25.9%), from €2,258 to €1,673
- Gross operating margin +€14,090
up €14,090 (+63.1%), from €22,342 to €36,432
- Taxes +€3,284
up €3,284 (+77.0%), from €4,265 to €7,549
- Depreciation +€773
up €773 (+47.8%), from €1,617 to €2,391
- Financial charges +€755
up €755 (+40.0%), from €1,886 to €2,641
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 | €44,469 | €36,597 | -€7,872 | -17.7% |
| Fixed assets | 21/28 | €7,995 | €5,604 | -€2,391 | -29.9% |
| Tangible fixed assets | 22/27 | €7,995 | €5,604 | -€2,391 | -29.9% |
| Plant, machinery and equipment | 23 | €5,190 | €3,970 | -€1,220 | -23.5% |
| Furniture and vehicles | 24 | €2,804 | €1,634 | -€1,171 | -41.7% |
| Current assets | 29/58 | €36,475 | €30,993 | -€5,482 | -15.0% |
| Amounts receivable within one year | 40/41 | €11,625 | €11,080 | -€545 | -4.7% |
| Trade receivables | 40 | €10,890 | €10,346 | -€545 | -5.0% |
| Other amounts receivable | 41 | €735 | €735 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,349 | €17,895 | -€5,454 | -23.4% |
| Deferred charges and accrued income | 490/1 | €1,501 | €2,017 | +€517 | +34.4% |
| Total equity and liabilities | 10/49 | €44,469 | €36,597 | -€7,872 | -17.7% |
| Equity | 10/15 | €9,629 | €2,015 | -€7,614 | -79.1% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,329 | €715 | -€7,614 | -91.4% |
| Amounts payable | 17/49 | €34,841 | €34,582 | -€258 | -0.7% |
| Amounts payable within one year | 42/48 | €34,841 | €34,582 | -€258 | -0.7% |
| Trade debts | 44 | €2,258 | €1,673 | -€586 | -25.9% |
| Suppliers | 440/4 | €2,258 | €1,673 | -€586 | -25.9% |
| Taxes, remuneration and social security | 45 | €11,332 | €13,667 | +€2,334 | +20.6% |
| Taxes | 450/3 | €11,332 | €13,667 | +€2,334 | +20.6% |
| Other amounts payable | 47/48 | €21,250 | €19,243 | -€2,007 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,617 | €2,391 | +€773 | +47.8% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | €22,342 | €36,432 | +€14,090 | +63.1% |
| Operating profit (loss) | 9901 | €20,338 | €33,576 | +€13,239 | +65.1% |
| Financial charges | 65/66B | €1,886 | €2,641 | +€755 | +40.0% |
| Recurring financial charges | 65 | €1,886 | €2,641 | +€755 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €18,452 | €30,936 | +€12,484 | +67.7% |
| Income taxes | 67/77 | €4,265 | €7,549 | +€3,284 | +77.0% |
| Profit (loss) for the period | 9904 | €14,187 | €23,386 | +€9,200 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,187 | €23,386 | +€9,200 | +64.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.