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.
AZ
Largest movements
- Receivables within one year +€279,913
up €279,913 (+102.5%), from €273,205 to €553,118
of which Trade receivables: +€297,894
- Stocks and contracts +€15,129
up €15,129 (+2.9%), from €519,871 to €535,000
- Cash +€13,908
up €13,908 (+122.4%), from €11,359 to €25,267
mainly Trade debts (+€239,679) and Net result for the year (+€69,527)
- Trade debts +€239,679
up €239,679 (+54.3%), from €441,304 to €680,983
- Tax, wage and social debts +€40,198
up €40,198 (+30.7%), from €131,042 to €171,240
of which Remuneration and social security: +€20,498
- Profit (loss) carried forward +€36,527
up €36,527 (+12.2%), from €298,348 to €334,875
- Staff costs +€71,156
up €71,156 (+100.0%), from €71,141 to €142,297
- Taxes -€47,488
down €47,488 (-71.7%), from €66,226 to €18,738
- Gross operating margin -€45,272
down €45,272 (-13.9%), from €326,845 to €281,573
- Depreciation +€11,058
up €11,058 (+67.8%), from €16,311 to €27,369
- Other operating charges +€6,857
up €6,857 (+69.2%), from €9,917 to €16,774
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €941,145 | €1,245,274 | +€304,129 | +32.3% |
| Fixed assets | 21/28 | €134,641 | €129,052 | -€5,589 | -4.2% |
| Intangible fixed assets | 21 | €48,397 | €43,397 | -€5,000 | -10.3% |
| Tangible fixed assets | 22/27 | €85,344 | €84,755 | -€589 | -0.7% |
| Plant, machinery and equipment | 23 | €1,236 | €4,542 | +€3,306 | +267.3% |
| Furniture and vehicles | 24 | €17,460 | €13,290 | -€4,169 | -23.9% |
| Other tangible fixed assets | 26 | €66,648 | €66,923 | +€275 | +0.4% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €806,504 | €1,116,222 | +€309,718 | +38.4% |
| Stocks and contracts in progress | 3 | €519,871 | €535,000 | +€15,129 | +2.9% |
| Stocks | 30/36 | €519,871 | €535,000 | +€15,129 | +2.9% |
| Amounts receivable within one year | 40/41 | €273,205 | €553,118 | +€279,913 | +102.5% |
| Trade receivables | 40 | €255,075 | €552,968 | +€297,894 | +116.8% |
| Other amounts receivable | 41 | €18,131 | €150 | -€17,981 | -99.2% |
| Cash at bank and in hand | 54/58 | €11,359 | €25,267 | +€13,908 | +122.4% |
| Deferred charges and accrued income | 490/1 | €2,068 | €2,836 | +€768 | +37.1% |
| Total equity and liabilities | 10/49 | €941,145 | €1,245,274 | +€304,129 | +32.3% |
| Equity | 10/15 | €318,800 | €355,326 | +€36,527 | +11.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,348 | €334,875 | +€36,527 | +12.2% |
| Amounts payable | 17/49 | €622,346 | €889,948 | +€267,602 | +43.0% |
| Amounts payable within one year | 42/48 | €622,346 | €889,948 | +€267,602 | +43.0% |
| Trade debts | 44 | €441,304 | €680,983 | +€239,679 | +54.3% |
| Suppliers | 440/4 | €441,304 | €680,983 | +€239,679 | +54.3% |
| Taxes, remuneration and social security | 45 | €131,042 | €171,240 | +€40,198 | +30.7% |
| Taxes | 450/3 | €107,614 | €127,313 | +€19,699 | +18.3% |
| Remuneration and social security | 454/9 | €23,428 | €43,927 | +€20,498 | +87.5% |
| Other amounts payable | 47/48 | €50,000 | €37,725 | -€12,275 | -24.5% |
| Remuneration, social security and pensions | 62 | €71,141 | €142,297 | +€71,156 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,311 | €27,369 | +€11,058 | +67.8% |
| Other operating charges | 640/8 | €9,917 | €16,774 | +€6,857 | +69.2% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €326,845 | €281,573 | -€45,272 | -13.9% |
| Operating profit (loss) | 9901 | €229,476 | €95,088 | -€134,388 | -58.6% |
| Financial income | 75/76B | €725 | - | -€725 | |
| Recurring financial income | 75 | €725 | - | -€725 | |
| Financial charges | 65/66B | €9,469 | €6,824 | -€2,645 | -27.9% |
| Recurring financial charges | 65 | €9,469 | €6,824 | -€2,645 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €220,732 | €88,264 | -€132,468 | -60.0% |
| Income taxes | 67/77 | €66,226 | €18,738 | -€47,488 | -71.7% |
| Profit (loss) for the period | 9904 | €154,507 | €69,527 | -€84,980 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €154,507 | €69,527 | -€84,980 | -55.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.