AZFAE: 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.
AZFAE
Largest movements
- Receivables within one year -€1,173
down €1,173 (-69.6%), from €1,686 to €512
- Tangible fixed assets -€570
down €570 (-21.1%), from €2,708 to €2,138
- Cash +€512
up €512 (+491%), from €104 to €616
mainly Trade debts (+€3,255) and Receivables within one year (+€1,173)
- Financial fixed assets +€100
new in 2023: €100
- Trade debts +€3,255
up €3,255 (+221%), from €1,472 to €4,727
- Other debts -€2,445
down €2,445 (-64.1%), from €3,815 to €1,369
- Tax, wage and social debts -€2,215
down €2,215 (-82.3%), from €2,690 to €475
of which Taxes: -€2,643
- Profit (loss) carried forward +€273
up €273 (+1.3%), from -€20,766 to -€20,493
- Financial charges -€12,536
down €12,536 (-89.1%), from €14,076 to €1,540
of which Non-recurring financial charges: -€12,464
- Gross operating margin -€10,984
down €10,984 (-78.1%), from €14,067 to €3,084
- Purchases and services +€6,185
up €6,185 (+45.2%), from €13,676 to €19,861
- Turnover -€4,798
down €4,798 (-17.3%), from €27,743 to €22,945
- Staff costs +€701
new in 2023: €701
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,811 | €4,679 | -€1,131 | -19.5% |
| Fixed assets | 21/28 | €2,708 | €2,238 | -€470 | -17.4% |
| Tangible fixed assets | 22/27 | €2,708 | €2,138 | -€570 | -21.1% |
| Plant, machinery and equipment | 23 | €2,708 | €2,138 | -€570 | -21.1% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €3,103 | €2,442 | -€661 | -21.3% |
| Stocks and contracts in progress | 3 | €1,313 | €1,313 | = | 0.0% |
| Stocks | 30/36 | €1,313 | €1,313 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,686 | €512 | -€1,173 | -69.6% |
| Other amounts receivable | 41 | €1,686 | €512 | -€1,173 | -69.6% |
| Cash at bank and in hand | 54/58 | €104 | €616 | +€512 | +491% |
| Total equity and liabilities | 10/49 | €5,811 | €4,679 | -€1,131 | -19.5% |
| Equity | 10/15 | -€2,166 | -€1,893 | +€273 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,766 | -€20,493 | +€273 | +1.3% |
| Amounts payable | 17/49 | €7,977 | €6,572 | -€1,405 | -17.6% |
| Amounts payable within one year | 42/48 | €7,977 | €6,572 | -€1,405 | -17.6% |
| Trade debts | 44 | €1,472 | €4,727 | +€3,255 | +221% |
| Suppliers | 440/4 | €1,472 | €4,727 | +€3,255 | +221% |
| Taxes, remuneration and social security | 45 | €2,690 | €475 | -€2,215 | -82.3% |
| Taxes | 450/3 | €2,690 | €47 | -€2,643 | -98.3% |
| Remuneration and social security | 454/9 | - | €428 | +€428 | |
| Other amounts payable | 47/48 | €3,815 | €1,369 | -€2,445 | -64.1% |
| Turnover | 70 | €27,743 | €22,945 | -€4,798 | -17.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,676 | €19,861 | +€6,185 | +45.2% |
| Remuneration, social security and pensions | 62 | - | €701 | +€701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €570 | = | 0.0% |
| Gross operating margin | 9900 | €14,067 | €3,084 | -€10,984 | -78.1% |
| Operating profit (loss) | 9901 | €13,497 | €1,813 | -€11,684 | -86.6% |
| Financial charges | 65/66B | €14,076 | €1,540 | -€12,536 | -89.1% |
| Recurring financial charges | 65 | €148 | €75 | -€72 | -49.0% |
| Non-recurring financial charges | 66B | €13,928 | €1,464 | -€12,464 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | -€579 | €273 | +€852 | |
| Profit (loss) for the period | 9904 | -€579 | €273 | +€852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€579 | €273 | +€852 |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.