BM-AZ: 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.
BM-AZ
Largest movements
- Cash +€86,755
up €86,755 (+141.6%), from €61,274 to €148,028
mainly Other debts (+€110,012) and Net result for the year (+€80,000)
- Receivables within one year +€9,489
up €9,489 (+72.9%), from €13,024 to €22,513
of which Trade receivables: +€10,069
- Deferred charges and accrued income -€8,646
down €8,646 (-46.0%), from €18,785 to €10,139
- Other debts +€110,012
up €110,012 (+11001.2%), from €1,000 to €111,012
- Profit (loss) carried forward -€58,645
down €58,645 (-100.0%), from €58,645 to €0
- Tax, wage and social debts +€41,018
up €41,018 (+162.6%), from €25,232 to €66,250
- Trade debts -€5,293
down €5,293 (-96.9%), from €5,461 to €168
- Gross operating margin +€30,250
up €30,250 (+38.9%), from €77,679 to €107,929
- Taxes +€7,322
up €7,322 (+44.0%), from €16,629 to €23,951
- Financial charges +€2,299
up €2,299 (+3975.5%), from €58 to €2,356
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 | €96,338 | €183,884 | +€87,546 | +90.9% |
| Fixed assets | 21/28 | €3,255 | €3,204 | -€51 | -1.6% |
| Tangible fixed assets | 22/27 | €3,255 | €2,954 | -€301 | -9.3% |
| Plant, machinery and equipment | 23 | €2,208 | €1,202 | -€1,006 | -45.6% |
| Furniture and vehicles | 24 | €1,047 | €613 | -€434 | -41.4% |
| Other tangible fixed assets | 26 | - | €1,138 | +€1,138 | |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €93,083 | €180,681 | +€87,598 | +94.1% |
| Amounts receivable within one year | 40/41 | €13,024 | €22,513 | +€9,489 | +72.9% |
| Trade receivables | 40 | €12,444 | €22,513 | +€10,069 | +80.9% |
| Other amounts receivable | 41 | €580 | €0 | -€580 | -100.0% |
| Cash at bank and in hand | 54/58 | €61,274 | €148,028 | +€86,755 | +141.6% |
| Deferred charges and accrued income | 490/1 | €18,785 | €10,139 | -€8,646 | -46.0% |
| Total equity and liabilities | 10/49 | €96,338 | €183,884 | +€87,546 | +90.9% |
| Equity | 10/15 | €64,645 | €6,000 | -€58,645 | -90.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,645 | €0 | -€58,645 | -100.0% |
| Amounts payable | 17/49 | €31,693 | €177,884 | +€146,192 | +461.3% |
| Amounts payable within one year | 42/48 | €31,693 | €177,429 | +€145,736 | +459.8% |
| Trade debts | 44 | €5,461 | €168 | -€5,293 | -96.9% |
| Suppliers | 440/4 | €5,461 | €168 | -€5,293 | -96.9% |
| Taxes, remuneration and social security | 45 | €25,232 | €66,250 | +€41,018 | +162.6% |
| Taxes | 450/3 | €25,232 | €66,250 | +€41,018 | +162.6% |
| Other amounts payable | 47/48 | €1,000 | €111,012 | +€110,012 | +11001.2% |
| Accrued charges and deferred income | 492/3 | - | €455 | +€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,065 | €1,492 | +€428 | +40.2% |
| Other operating charges | 640/8 | €290 | €146 | -€144 | -49.7% |
| Gross operating margin | 9900 | €77,679 | €107,929 | +€30,250 | +38.9% |
| Operating profit (loss) | 9901 | €76,324 | €106,291 | +€29,967 | +39.3% |
| Financial income | 75/76B | €9 | €17 | +€8 | +90.9% |
| Recurring financial income | 75 | €9 | €17 | +€8 | +90.9% |
| Financial charges | 65/66B | €58 | €2,356 | +€2,299 | +3975.5% |
| Recurring financial charges | 65 | €58 | €2,356 | +€2,299 | +3975.5% |
| Profit (loss) for the period before taxes | 9903 | €76,275 | €103,951 | +€27,676 | +36.3% |
| Income taxes | 67/77 | €16,629 | €23,951 | +€7,322 | +44.0% |
| Profit (loss) for the period | 9904 | €59,645 | €80,000 | +€20,355 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,645 | €80,000 | +€20,355 | +34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.