AZ CONNECT: 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.
AZ CONNECT
Largest movements
- Receivables within one year +€102,055
up €102,055 (+43.7%), from €233,285 to €335,340
of which Other amounts receivable: +€55,813
- Cash +€90,553
up €90,553 (+161%), from €56,385 to €146,938
mainly Trade debts (+€130,222) and Net result for the year (+€56,585)
- Deferred charges and accrued income -€12,190
no longer reported in 2024 (was €12,190)
- Trade debts +€130,222
up €130,222 (+72.3%), from €180,133 to €310,355
- Tax, wage and social debts +€43,887
up €43,887 (+158%), from €27,829 to €71,716
of which Taxes: +€35,960
- Turnover +€651,288
new in 2024: €651,288
- Purchases and services +€465,393
new in 2024: €465,393
- Gross operating margin +€109,695
up €109,695 (+143%), from €76,518 to €186,213
- Staff costs +€57,375
up €57,375 (+175%), from €32,757 to €90,131
- Taxes +€28,050
up €28,050 (+354%), from €7,915 to €35,965
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,382 | €486,177 | +€178,795 | +58.2% |
| Fixed assets | 21/28 | €5,522 | €3,899 | -€1,623 | -29.4% |
| Tangible fixed assets | 22/27 | €5,497 | €3,874 | -€1,623 | -29.5% |
| Plant, machinery and equipment | 23 | €2,060 | €1,342 | -€718 | -34.9% |
| Furniture and vehicles | 24 | €3,437 | €2,532 | -€905 | -26.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €301,861 | €482,278 | +€180,418 | +59.8% |
| Amounts receivable within one year | 40/41 | €233,285 | €335,340 | +€102,055 | +43.7% |
| Trade receivables | 40 | €42,692 | €88,934 | +€46,242 | +108% |
| Other amounts receivable | 41 | €190,593 | €246,406 | +€55,813 | +29.3% |
| Cash at bank and in hand | 54/58 | €56,385 | €146,938 | +€90,553 | +161% |
| Deferred charges and accrued income | 490/1 | €12,190 | - | -€12,190 | |
| Total equity and liabilities | 10/49 | €307,382 | €486,177 | +€178,795 | +58.2% |
| Equity | 10/15 | €99,420 | €104,106 | +€4,686 | +4.7% |
| Contributions | 10/11 | €4,899 | €5,000 | +€101 | +2.1% |
| Capital | 10 | €4,899 | €5,000 | +€101 | +2.1% |
| Issued capital | 100 | €4,899 | €5,000 | +€101 | +2.1% |
| Reserves | 13 | €94,521 | €94,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €94,021 | €94,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,585 | +€4,585 | |
| Amounts payable | 17/49 | €207,963 | €382,071 | +€174,108 | +83.7% |
| Amounts payable within one year | 42/48 | €207,963 | €382,071 | +€174,108 | +83.7% |
| Trade debts | 44 | €180,133 | €310,355 | +€130,222 | +72.3% |
| Suppliers | 440/4 | €180,133 | €310,355 | +€130,222 | +72.3% |
| Taxes, remuneration and social security | 45 | €27,829 | €71,716 | +€43,887 | +158% |
| Taxes | 450/3 | €23,630 | €59,589 | +€35,960 | +152% |
| Remuneration and social security | 454/9 | €4,200 | €12,127 | +€7,927 | +189% |
| Turnover | 70 | - | €651,288 | +€651,288 | |
| Non-recurring operating income | 76A | - | €319 | +€319 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €465,393 | +€465,393 | |
| Remuneration, social security and pensions | 62 | €32,757 | €90,131 | +€57,375 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,623 | €1,623 | = | 0.0% |
| Other operating charges | 640/8 | €4,365 | €3,543 | -€822 | -18.8% |
| Gross operating margin | 9900 | €76,518 | €186,213 | +€109,695 | +143% |
| Operating profit (loss) | 9901 | €37,774 | €90,916 | +€53,142 | +141% |
| Financial income | 75/76B | - | €2,600 | +€2,600 | |
| Recurring financial income | 75 | - | €2,600 | +€2,600 | |
| Financial charges | 65/66B | €6,575 | €966 | -€5,610 | -85.3% |
| Recurring financial charges | 65 | €6,575 | €966 | -€5,610 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €31,198 | €92,550 | +€61,352 | +197% |
| Income taxes | 67/77 | €7,915 | €35,965 | +€28,050 | +354% |
| Profit (loss) for the period | 9904 | €23,283 | €56,585 | +€33,302 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €23,283 | €56,585 | +€33,302 | +143% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.