Azalées: 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.
Azalées
Largest movements
- Cash +€480,400
up €480,400 (+830.8%), from €57,823 to €538,223
mainly Tax, wage and social debts (+€812,764) and Depreciation (+€307,504)
- Deferred charges and accrued income +€158,909
up €158,909 (+90.1%), from €176,331 to €335,240
- Receivables within one year -€83,901
down €83,901 (-12.3%), from €683,077 to €599,177
of which Trade receivables: -€82,288
- Intangible fixed assets -€77,206
down €77,206 (-40.4%), from €191,292 to €114,085
- Tangible fixed assets -€32,560
down €32,560 (-2.4%), from €1.4m to €1.3m
of which Furniture and vehicles: -€80,191
- Tax, wage and social debts +€812,764
up €812,764 (+119.1%), from €682,578 to €1.5m
of which Remuneration and social security: +€680,098
- Profit (loss) carried forward -€551,183
down €551,183 (-18.9%), from -€2.9m to -€3.5m
- Debts after one year +€202,775
up €202,775 (+40.9%), from €496,327 to €699,103
- Accrued charges and deferred income -€172,987
down €172,987 (-81.7%), from €211,630 to €38,642
- Trade debts +€160,980
up €160,980 (+9.9%), from €1.6m to €1.8m
- Staff costs +€594,084
up €594,084 (+10.0%), from €6.0m to €6.6m
- Gross operating margin +€492,724
up €492,724 (+7.8%), from €6.3m to €6.8m
- Other operating charges +€225,851
up €225,851 (+136.7%), from €165,200 to €391,051
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 | €2,480,642 | €2,929,327 | +€448,685 | +18.1% |
| Fixed assets | 21/28 | €1,556,472 | €1,446,706 | -€109,766 | -7.1% |
| Intangible fixed assets | 21 | €191,292 | €114,085 | -€77,206 | -40.4% |
| Tangible fixed assets | 22/27 | €1,365,181 | €1,332,621 | -€32,560 | -2.4% |
| Plant, machinery and equipment | 23 | €1,117,128 | €1,164,759 | +€47,631 | +4.3% |
| Furniture and vehicles | 24 | €248,053 | €167,862 | -€80,191 | -32.3% |
| Current assets | 29/58 | €924,170 | €1,482,621 | +€558,451 | +60.4% |
| Stocks and contracts in progress | 3 | €6,938 | €9,980 | +€3,042 | +43.8% |
| Stocks | 30/36 | €6,938 | €9,980 | +€3,042 | +43.8% |
| Amounts receivable within one year | 40/41 | €683,077 | €599,177 | -€83,901 | -12.3% |
| Trade receivables | 40 | €681,112 | €598,824 | -€82,288 | -12.1% |
| Other amounts receivable | 41 | €1,965 | €353 | -€1,612 | -82.1% |
| Cash at bank and in hand | 54/58 | €57,823 | €538,223 | +€480,400 | +830.8% |
| Deferred charges and accrued income | 490/1 | €176,331 | €335,240 | +€158,909 | +90.1% |
| Total equity and liabilities | 10/49 | €2,480,642 | €2,929,327 | +€448,685 | +18.1% |
| Equity | 10/15 | -€586,180 | -€1,137,363 | -€551,183 | -94.0% |
| Contributions | 10/11 | €2,279,000 | €2,279,000 | = | 0.0% |
| Reserves | 13 | €57,181 | €57,181 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €55,322 | €55,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,922,362 | -€3,473,545 | -€551,183 | -18.9% |
| Provisions and deferred taxes | 16 | €51,000 | €51,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €51,000 | €51,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €51,000 | €51,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,015,822 | €4,015,690 | +€999,868 | +33.2% |
| Amounts payable after more than one year | 17 | €496,327 | €699,103 | +€202,775 | +40.9% |
| Other amounts payable | 178/9 | €496,327 | €699,103 | +€202,775 | +40.9% |
| Amounts payable within one year | 42/48 | €2,307,865 | €3,277,945 | +€970,080 | +42.0% |
| Trade debts | 44 | €1,621,623 | €1,782,603 | +€160,980 | +9.9% |
| Suppliers | 440/4 | €1,621,623 | €1,782,603 | +€160,980 | +9.9% |
| Advances received on contracts in progress | 46 | €3,665 | - | -€3,665 | |
| Taxes, remuneration and social security | 45 | €682,578 | €1,495,342 | +€812,764 | +119.1% |
| Taxes | 450/3 | €45,456 | €178,122 | +€132,666 | +291.9% |
| Remuneration and social security | 454/9 | €637,121 | €1,317,220 | +€680,098 | +106.7% |
| Accrued charges and deferred income | 492/3 | €211,630 | €38,642 | -€172,987 | -81.7% |
| Remuneration, social security and pensions | 62 | €5,967,966 | €6,562,051 | +€594,084 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,788 | €307,504 | +€32,716 | +11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,001 | -€9,001 | -€18,001 | |
| Other operating charges | 640/8 | €165,200 | €391,051 | +€225,851 | +136.7% |
| Non-recurring operating charges | 66A | €306,089 | €83,701 | -€222,388 | -72.7% |
| Gross operating margin | 9900 | €6,304,437 | €6,797,161 | +€492,724 | +7.8% |
| Operating profit (loss) | 9901 | -€418,606 | -€538,146 | -€119,540 | -28.6% |
| Financial income | 75/76B | €18,012 | €42,885 | +€24,873 | +138.1% |
| Recurring financial income | 75 | €18,012 | €0 | -€18,012 | -100.0% |
| Non-recurring financial income | 76B | €18,012 | €42,885 | +€24,873 | +138.1% |
| Financial charges | 65/66B | €49,415 | €55,308 | +€5,893 | +11.9% |
| Recurring financial charges | 65 | €49,415 | €55,308 | +€5,893 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€450,008 | -€550,568 | -€100,560 | -22.3% |
| Income taxes | 67/77 | €776 | €614 | -€161 | -20.8% |
| Profit (loss) for the period | 9904 | -€450,784 | -€551,183 | -€100,398 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€450,784 | -€551,183 | -€100,398 | -22.3% |
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 4 October 2026 via checked.be.