AZ-SA: what changed
What changed
AZ-SA
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
€5,404
2023 · €17,651-€12,247
Equity
€61,483
2023 · €56,080+€5,403
Cash
€1,287
2023 · €34,991-€33,704
Balance sheet total
€89,276
2023 · €142,275-€52,999
Largest movements
Assets
- Current investments +€41,133
up €41,133 (+87.8%), from €46,847 to €87,980
- Receivables within one year -€37,770
down €37,770 (-100.0%), from €37,779 to €9
of which Trade receivables: -€37,779
- Cash -€33,704
down €33,704 (-96.3%), from €34,991 to €1,287
mainly Current investments (-€41,133) and Other debts (-€30,815)
- Tangible fixed assets -€22,657
down €22,657 (-100%), from €22,657 to €0
of which Furniture and vehicles: -€22,657
Equity and liabilities
- Other debts -€30,815
down €30,815 (-87.7%), from €35,134 to €4,319
- Trade debts -€25,968
down €25,968 (-90.9%), from €28,573 to €2,605
- Short-term financial debts +€10,297
up €10,297, from €0 to €10,297
- Debts after one year -€6,192
down €6,192 (-59.5%), from €10,403 to €4,211
- Tax, wage and social debts -€5,724
down €5,724 (-47.4%), from €12,085 to €6,361
of which Taxes: -€5,323
Income statement
- Turnover -€183,908
down €183,908 (-71.7%), from €256,502 to €72,594
- Purchases and services -€119,259
down €119,259 (-60.3%), from €197,789 to €78,530
- Gross operating margin -€57,222
down €57,222 (-97.5%), from €58,714 to €1,492
- Depreciation -€18,568
down €18,568 (-93.2%), from €19,925 to €1,357
- Financial income +€12,307
up €12,307 (+346%), from €3,557 to €15,864
of which Financial income: +€12,040
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€17,651
Gross operating margin
-€57,222
Staff costs
+€10,659
Depreciation
+€18,568
Other operating charges
+€760
Other operating items
-€744
Financial income
+€12,307
Financial charges
+€1,694
Taxes
+€1,730
Result 2024
€5,404
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€17,976
Investment
-€19,832
Financing
+€4,104
Cash 2023
€34,991
From operations (derived)
-€17,976
Net result for the year
+€5,404
Depreciation
+€1,357
Receivables within one year
+€37,770
Trade debts
-€25,968
Tax, wage and social debts
-€5,724
Other debts
-€30,815
Investment (derived)
-€19,832
Investment in fixed assets (net)
+€21,301
Current investments
-€41,133
Financing
+€4,104
Debts after one year
-€6,192
Short-term financial debts
+€10,297
Contributions, distributions and other
-€1
Cash 2024
€1,287
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,275 | €89,276 | -€52,999 | -37.3% |
| Formation expenses | 20 | €0 | €0 | -€0 | -100% |
| Fixed assets | 21/28 | €22,657 | €0 | -€22,657 | -100% |
| Tangible fixed assets | 22/27 | €22,657 | €0 | -€22,657 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €22,657 | €0 | -€22,657 | -100% |
| Current assets | 29/58 | €119,618 | €89,276 | -€30,342 | -25.4% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €37,779 | €9 | -€37,770 | -100.0% |
| Trade receivables | 40 | €37,779 | - | -€37,779 | |
| Other amounts receivable | 41 | €0 | €9 | +€9 | |
| Current investments | 50/53 | €46,847 | €87,980 | +€41,133 | +87.8% |
| Cash at bank and in hand | 54/58 | €34,991 | €1,287 | -€33,704 | -96.3% |
| Total equity and liabilities | 10/49 | €142,275 | €89,276 | -€52,999 | -37.3% |
| Equity | 10/15 | €56,080 | €61,483 | +€5,403 | +9.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €0 | €0 | = | |
| Issued capital | 100 | €0 | €0 | = | |
| Uncalled capital | 101 | €0 | €0 | = | |
| Contributions outside capital | 11 | €100 | €100 | = | 0.0% |
| Share premium | 1100/10 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €12,534 | €17,938 | +€5,404 | +43.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €0 | €0 | = | |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,674 | €16,078 | +€5,404 | +50.6% |
| Profit (loss) carried forward | 14 | €43,446 | €43,445 | -€1 | 0.0% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Amounts payable | 17/49 | €86,195 | €27,793 | -€58,402 | -67.8% |
| Amounts payable after more than one year | 17 | €10,403 | €4,211 | -€6,192 | -59.5% |
| Financial debts | 170/4 | €10,403 | €4,211 | -€6,192 | -59.5% |
| Amounts payable within one year | 42/48 | €75,793 | €23,582 | -€52,211 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €10,297 | +€10,297 | |
| Credit institutions | 430/8 | - | €10,297 | +€10,297 | |
| Trade debts | 44 | €28,573 | €2,605 | -€25,968 | -90.9% |
| Suppliers | 440/4 | €28,573 | €2,605 | -€25,968 | -90.9% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €12,085 | €6,361 | -€5,724 | -47.4% |
| Taxes | 450/3 | €11,684 | €6,361 | -€5,323 | -45.6% |
| Remuneration and social security | 454/9 | €401 | €0 | -€401 | -100% |
| Other amounts payable | 47/48 | €35,134 | €4,319 | -€30,815 | -87.7% |
| Turnover | 70 | €256,502 | €72,594 | -€183,908 | -71.7% |
| Non-recurring operating income | 76A | €0 | €7,428 | +€7,428 | |
| Goods, raw materials, services and sundry goods | 60/61 | €197,789 | €78,530 | -€119,259 | -60.3% |
| Remuneration, social security and pensions | 62 | €15,909 | €5,250 | -€10,659 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,925 | €1,357 | -€18,568 | -93.2% |
| Other operating charges | 640/8 | €3,985 | €3,225 | -€760 | -19.1% |
| Non-recurring operating charges | 66A | €13 | €757 | +€744 | +5,786% |
| Gross operating margin | 9900 | €58,714 | €1,492 | -€57,222 | -97.5% |
| Operating profit (loss) | 9901 | €18,881 | -€9,097 | -€27,978 | |
| Financial income | 75/76B | €3,557 | €15,864 | +€12,307 | +346% |
| Recurring financial income | 75 | €3,034 | €15,074 | +€12,040 | +397% |
| Non-recurring financial income | 76B | €523 | €790 | +€267 | +51.1% |
| Financial charges | 65/66B | €742 | -€952 | -€1,694 | |
| Recurring financial charges | 65 | €742 | -€1,269 | -€2,011 | |
| Non-recurring financial charges | 66B | €0 | €317 | +€317 | |
| Profit (loss) for the period before taxes | 9903 | €21,696 | €7,719 | -€13,977 | -64.4% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €4,045 | €2,315 | -€1,730 | -42.8% |
| Profit (loss) for the period | 9904 | €17,651 | €5,404 | -€12,247 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,651 | €5,404 | -€12,247 | -69.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.