AZ CONNEXION: 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 CONNEXION
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+1,471%), from €3,400 to €53,400
- Intangible fixed assets +€42,857
new in 2024: €42,857
- Cash +€21,959
new in 2024: €21,959
- Receivables within one year +€16,505
up €16,505 (+51.7%), from €31,921 to €48,426
of which Other amounts receivable: +€40,024
- Other debts +€37,954
up €37,954 (+315%), from €12,046 to €50,000
- Trade debts +€37,633
up €37,633 (+215,910%), from €17 to €37,651
- Profit (loss) carried forward +€30,538
up €30,538 (+342%), from €8,917 to €39,455
- Tax, wage and social debts +€25,281
up €25,281 (+285%), from €8,861 to €34,141
- Contributions +€9,000
up €9,000 (+900%), from €1,000 to €10,000
- Gross operating margin +€30,553
up €30,553 (+142%), from €21,481 to €52,035
- Depreciation +€7,603
up €7,603 (+826%), from €921 to €8,524
- Taxes +€1,683
up €1,683 (+75.5%), from €2,229 to €3,912
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,544 | €171,247 | +€132,702 | +344% |
| Fixed assets | 21/28 | €6,623 | €100,862 | +€94,238 | +1,423% |
| Intangible fixed assets | 21 | - | €42,857 | +€42,857 | |
| Tangible fixed assets | 22/27 | €3,223 | €4,604 | +€1,381 | +42.9% |
| Plant, machinery and equipment | 23 | €3,223 | €4,604 | +€1,381 | +42.9% |
| Financial fixed assets | 28 | €3,400 | €53,400 | +€50,000 | +1,471% |
| Current assets | 29/58 | €31,921 | €70,385 | +€38,464 | +120% |
| Amounts receivable within one year | 40/41 | €31,921 | €48,426 | +€16,505 | +51.7% |
| Trade receivables | 40 | €23,519 | - | -€23,519 | |
| Other amounts receivable | 41 | €8,402 | €48,426 | +€40,024 | +476% |
| Cash at bank and in hand | 54/58 | - | €21,959 | +€21,959 | |
| Total equity and liabilities | 10/49 | €38,544 | €171,247 | +€132,702 | +344% |
| Equity | 10/15 | €9,917 | €49,455 | +€39,538 | +399% |
| Contributions | 10/11 | €1,000 | €10,000 | +€9,000 | +900% |
| Profit (loss) carried forward | 14 | €8,917 | €39,455 | +€30,538 | +342% |
| Amounts payable | 17/49 | €28,628 | €121,792 | +€93,164 | +325% |
| Amounts payable within one year | 42/48 | €28,628 | €121,792 | +€93,164 | +325% |
| Financial debts | 43 | €7,704 | - | -€7,704 | |
| Credit institutions | 430/8 | €7,704 | - | -€7,704 | |
| Trade debts | 44 | €17 | €37,651 | +€37,633 | +215,910% |
| Suppliers | 440/4 | €17 | €37,651 | +€37,633 | +215,910% |
| Taxes, remuneration and social security | 45 | €8,861 | €34,141 | +€25,281 | +285% |
| Taxes | 450/3 | €8,861 | €34,141 | +€25,281 | +285% |
| Other amounts payable | 47/48 | €12,046 | €50,000 | +€37,954 | +315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €8,524 | +€7,603 | +826% |
| Gross operating margin | 9900 | €21,481 | €52,035 | +€30,553 | +142% |
| Operating profit (loss) | 9901 | €20,561 | €43,511 | +€22,950 | +112% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €415 | €566 | +€152 | +36.5% |
| Recurring financial charges | 65 | €415 | €566 | +€152 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €20,146 | €42,947 | +€22,801 | +113% |
| Income taxes | 67/77 | €2,229 | €3,912 | +€1,683 | +75.5% |
| Profit (loss) for the period | 9904 | €17,917 | €39,034 | +€21,118 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €17,917 | €39,034 | +€21,118 | +118% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 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.