AZEA: 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.
AZEA
Largest movements
- Cash -€713
down €713 (-89.3%), from €799 to €85
mainly Other debts (-€3,190) and Receivables within one year (-€174)
- Stocks and contracts -€400
down €400 (-1.6%), from €25,024 to €24,624
- Other debts -€3,190
down €3,190 (-94.0%), from €3,394 to €204
- Profit (loss) carried forward +€1,865
up €1,865 (+88.0%), from -€2,119 to -€253
- Tax, wage and social debts +€282
up €282 (+607.0%), from €46 to €328
- Gross operating margin +€2,655
up €2,655, from -€694 to €1,961
- Taxes -€402
no longer reported in 2024 (was €402)
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 | €26,766 | €25,826 | -€940 | -3.5% |
| Current assets | 29/58 | €26,766 | €25,826 | -€940 | -3.5% |
| Stocks and contracts in progress | 3 | €25,024 | €24,624 | -€400 | -1.6% |
| Stocks | 30/36 | €25,024 | €24,624 | -€400 | -1.6% |
| Amounts receivable within one year | 40/41 | €944 | €1,117 | +€174 | +18.4% |
| Trade receivables | 40 | €901 | €1,074 | +€174 | +19.3% |
| Other amounts receivable | 41 | €43 | €43 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €799 | €85 | -€713 | -89.3% |
| Total equity and liabilities | 10/49 | €26,766 | €25,826 | -€940 | -3.5% |
| Equity | 10/15 | €23,326 | €25,191 | +€1,865 | +8.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €445 | €445 | = | 0.0% |
| Non-distributable reserves | 130/1 | €185 | €185 | = | 0.0% |
| Reserves not available under the articles | 1311 | €185 | €185 | = | 0.0% |
| Distributable reserves | 133 | €260 | €260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,119 | -€253 | +€1,865 | +88.0% |
| Amounts payable | 17/49 | €3,440 | €635 | -€2,805 | -81.5% |
| Amounts payable within one year | 42/48 | €3,440 | €635 | -€2,805 | -81.5% |
| Trade debts | 44 | - | €103 | +€103 | |
| Suppliers | 440/4 | - | €103 | +€103 | |
| Taxes, remuneration and social security | 45 | €46 | €328 | +€282 | +607.0% |
| Taxes | 450/3 | €46 | €328 | +€282 | +607.0% |
| Other amounts payable | 47/48 | €3,394 | €204 | -€3,190 | -94.0% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | -€694 | €1,961 | +€2,655 | |
| Operating profit (loss) | 9901 | -€1,194 | €1,961 | +€3,155 | |
| Financial charges | 65/66B | €97 | €96 | -€2 | -1.6% |
| Recurring financial charges | 65 | €97 | €96 | -€2 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,291 | €1,865 | +€3,156 | |
| Income taxes | 67/77 | €402 | - | -€402 | |
| Profit (loss) for the period | 9904 | -€1,693 | €1,865 | +€3,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,693 | €1,865 | +€3,558 |
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 1 October 2026 via checked.be.