AZAD: 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.
AZAD
Largest movements
- Tangible fixed assets +€478,911
up €478,911 (+38083.5%), from €1,258 to €480,169
of which Land and buildings: +€479,352
- Cash -€352,900
down €352,900 (-99.8%), from €353,483 to €582
mainly Investment in fixed assets (net) (-€479,430)
- Receivables within one year -€8,448
down €8,448 (-38.1%), from €22,160 to €13,713
of which Trade receivables: -€7,022
- Reserves +€57,372
up €57,372 (+79.1%), from €72,513 to €129,885
- Trade debts +€23,273
up €23,273 (+3731.4%), from €624 to €23,897
- Other debts +€19,476
up €19,476 (+38.0%), from €51,309 to €70,785
- Tax, wage and social debts +€17,442
up €17,442 (+85.6%), from €20,386 to €37,828
- Gross operating margin -€8,411
down €8,411 (-8.8%), from €95,820 to €87,409
- Other operating charges +€3,391
up €3,391 (+62.8%), from €5,399 to €8,790
- Taxes +€1,544
up €1,544 (+8.5%), from €18,142 to €19,686
- Financial charges +€959
up €959 (+1155.1%), from €83 to €1,042
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.
Cash bridge derived
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 | €376,901 | €494,464 | +€117,563 | +31.2% |
| Fixed assets | 21/28 | €1,258 | €480,169 | +€478,911 | +38083.5% |
| Tangible fixed assets | 22/27 | €1,258 | €480,169 | +€478,911 | +38083.5% |
| Land and buildings | 22 | - | €479,352 | +€479,352 | |
| Furniture and vehicles | 24 | €1,258 | €817 | -€441 | -35.0% |
| Current assets | 29/58 | €375,643 | €14,295 | -€361,348 | -96.2% |
| Amounts receivable within one year | 40/41 | €22,160 | €13,713 | -€8,448 | -38.1% |
| Trade receivables | 40 | €14,594 | €7,573 | -€7,022 | -48.1% |
| Other amounts receivable | 41 | €7,566 | €6,140 | -€1,426 | -18.8% |
| Cash at bank and in hand | 54/58 | €353,483 | €582 | -€352,900 | -99.8% |
| Total equity and liabilities | 10/49 | €376,901 | €494,464 | +€117,563 | +31.2% |
| Equity | 10/15 | €75,513 | €132,885 | +€57,372 | +76.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,513 | €129,885 | +€57,372 | +79.1% |
| Distributable reserves | 133 | €72,513 | €129,885 | +€57,372 | +79.1% |
| Amounts payable | 17/49 | €301,387 | €361,579 | +€60,191 | +20.0% |
| Amounts payable within one year | 42/48 | €72,319 | €132,510 | +€60,191 | +83.2% |
| Trade debts | 44 | €624 | €23,897 | +€23,273 | +3731.4% |
| Suppliers | 440/4 | €624 | €23,897 | +€23,273 | +3731.4% |
| Taxes, remuneration and social security | 45 | €20,386 | €37,828 | +€17,442 | +85.6% |
| Taxes | 450/3 | €20,386 | €37,828 | +€17,442 | +85.6% |
| Other amounts payable | 47/48 | €51,309 | €70,785 | +€19,476 | +38.0% |
| Accrued charges and deferred income | 492/3 | €229,068 | €229,068 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64 | €519 | +€455 | +711.5% |
| Other operating charges | 640/8 | €5,399 | €8,790 | +€3,391 | +62.8% |
| Gross operating margin | 9900 | €95,820 | €87,409 | -€8,411 | -8.8% |
| Operating profit (loss) | 9901 | €90,357 | €78,100 | -€12,257 | -13.6% |
| Financial income | 75/76B | €381 | - | -€381 | |
| Recurring financial income | 75 | €381 | - | -€381 | |
| Financial charges | 65/66B | €83 | €1,042 | +€959 | +1155.1% |
| Recurring financial charges | 65 | €83 | €1,042 | +€959 | +1155.1% |
| Profit (loss) for the period before taxes | 9903 | €90,655 | €77,058 | -€13,597 | -15.0% |
| Income taxes | 67/77 | €18,142 | €19,686 | +€1,544 | +8.5% |
| Profit (loss) for the period | 9904 | €72,513 | €57,372 | -€15,141 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,513 | €57,372 | -€15,141 | -20.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.