AZ TEAM CONSTRUCTION: 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 TEAM CONSTRUCTION
Largest movements
- Receivables within one year -€14,337
down €14,337 (-45.6%), from €31,413 to €17,076
of which Trade receivables: -€11,851
- Tangible fixed assets -€5,557
down €5,557 (-14.7%), from €37,791 to €32,235
- Cash -€5,022
down €5,022 (-60.3%), from €8,324 to €3,302
mainly Trade debts (-€12,712) and Net result for the year (-€10,377)
- Trade debts -€12,712
down €12,712 (-85.0%), from €14,959 to €2,248
- Profit (loss) carried forward -€10,377
down €10,377 (-62.6%), from €16,581 to €6,204
- Debts after one year -€1,232
down €1,232 (-3.4%), from €36,378 to €35,146
- Gross operating margin -€11,788
down €11,788, from €11,487 to -€300
- Other operating charges -€673
down €673 (-54.1%), from €1,244 to €572
- Staff costs +€551
new in 2024: €551
- Depreciation +€530
up €530 (+10.5%), from €5,027 to €5,556
- Taxes -€497
no longer reported in 2024 (was €497)
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 | €78,313 | €53,925 | -€24,389 | -31.1% |
| Fixed assets | 21/28 | €37,911 | €32,355 | -€5,557 | -14.7% |
| Tangible fixed assets | 22/27 | €37,791 | €32,235 | -€5,557 | -14.7% |
| Land and buildings | 22 | €34,524 | €31,839 | -€2,685 | -7.8% |
| Plant, machinery and equipment | 23 | €1,007 | €396 | -€611 | -60.7% |
| Furniture and vehicles | 24 | €2,260 | - | -€2,260 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €40,402 | €21,570 | -€18,832 | -46.6% |
| Amounts receivable within one year | 40/41 | €31,413 | €17,076 | -€14,337 | -45.6% |
| Trade receivables | 40 | €23,520 | €11,669 | -€11,851 | -50.4% |
| Other amounts receivable | 41 | €7,893 | €5,407 | -€2,485 | -31.5% |
| Cash at bank and in hand | 54/58 | €8,324 | €3,302 | -€5,022 | -60.3% |
| Deferred charges and accrued income | 490/1 | €665 | €1,192 | +€527 | +79.3% |
| Total equity and liabilities | 10/49 | €78,313 | €53,925 | -€24,389 | -31.1% |
| Equity | 10/15 | €24,641 | €14,264 | -€10,377 | -42.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,581 | €6,204 | -€10,377 | -62.6% |
| Amounts payable | 17/49 | €53,673 | €39,661 | -€14,012 | -26.1% |
| Amounts payable after more than one year | 17 | €36,378 | €35,146 | -€1,232 | -3.4% |
| Financial debts | 170/4 | €36,378 | €35,146 | -€1,232 | -3.4% |
| Amounts payable within one year | 42/48 | €17,295 | €4,515 | -€12,780 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €1,061 | €1,186 | +€125 | +11.8% |
| Trade debts | 44 | €14,959 | €2,248 | -€12,712 | -85.0% |
| Suppliers | 440/4 | €14,959 | €2,248 | -€12,712 | -85.0% |
| Taxes, remuneration and social security | 45 | €1,217 | €1,082 | -€135 | -11.1% |
| Taxes | 450/3 | €1,217 | - | -€1,217 | |
| Remuneration and social security | 454/9 | - | €1,082 | +€1,082 | |
| Other amounts payable | 47/48 | €58 | - | -€58 | |
| Remuneration, social security and pensions | 62 | - | €551 | +€551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,027 | €5,556 | +€530 | +10.5% |
| Other operating charges | 640/8 | €1,244 | €572 | -€673 | -54.1% |
| Gross operating margin | 9900 | €11,487 | -€300 | -€11,788 | |
| Operating profit (loss) | 9901 | €5,216 | -€6,979 | -€12,195 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €3,026 | €3,398 | +€371 | +12.3% |
| Recurring financial charges | 65 | €3,026 | €3,398 | +€371 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €2,204 | -€10,377 | -€12,581 | |
| Income taxes | 67/77 | €497 | - | -€497 | |
| Profit (loss) for the period | 9904 | €1,707 | -€10,377 | -€12,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,707 | -€10,377 | -€12,084 |
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 20 October 2026 via checked.be.