AZG Solutions: 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.
AZG Solutions
Largest movements
- Receivables within one year -€462,645
down €462,645 (-90.3%), from €512,369 to €49,724
of which Trade receivables: -€452,093
- Cash -€71,182
down €71,182 (-65.4%), from €108,871 to €37,688
mainly Trade debts (-€264,667) and Advances received (-€163,152)
- Deferred charges and accrued income +€41,074
new in 2024: €41,074
- Tangible fixed assets +€40,261
up €40,261 (+425%), from €9,481 to €49,742
of which Land and buildings: +€45,861
- Trade debts -€264,667
down €264,667 (-83.4%), from €317,171 to €52,504
- Advances received -€163,152
down €163,152 (-75.7%), from €215,521 to €52,370
- Other debts -€28,180
down €28,180 (-47.5%), from €59,330 to €31,150
- Profit (loss) carried forward +€8,551
up €8,551 (+30.2%), from €28,360 to €36,910
- Financial income +€2,195
up €2,195 (+17,002%), from €13 to €2,208
- Gross operating margin +€1,037
up €1,037 (+6.3%), from €16,427 to €17,463
- Financial charges +€831
up €831 (+1,385%), from €60 to €891
- Depreciation -€624
down €624 (-8.5%), from €7,362 to €6,739
- Taxes +€551
up €551 (+32.7%), from €1,685 to €2,237
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 | €630,720 | €178,228 | -€452,491 | -71.7% |
| Fixed assets | 21/28 | €9,481 | €49,742 | +€40,261 | +425% |
| Tangible fixed assets | 22/27 | €9,481 | €49,742 | +€40,261 | +425% |
| Land and buildings | 22 | - | €45,861 | +€45,861 | |
| Furniture and vehicles | 24 | €9,481 | €3,881 | -€5,599 | -59.1% |
| Current assets | 29/58 | €621,239 | €128,486 | -€492,753 | -79.3% |
| Amounts receivable within one year | 40/41 | €512,369 | €49,724 | -€462,645 | -90.3% |
| Trade receivables | 40 | €501,817 | €49,724 | -€452,093 | -90.1% |
| Other amounts receivable | 41 | €10,551 | - | -€10,551 | |
| Cash at bank and in hand | 54/58 | €108,871 | €37,688 | -€71,182 | -65.4% |
| Deferred charges and accrued income | 490/1 | - | €41,074 | +€41,074 | |
| Total equity and liabilities | 10/49 | €630,720 | €178,228 | -€452,491 | -71.7% |
| Equity | 10/15 | €31,360 | €39,910 | +€8,551 | +27.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,360 | €36,910 | +€8,551 | +30.2% |
| Amounts payable | 17/49 | €599,360 | €138,318 | -€461,042 | -76.9% |
| Amounts payable within one year | 42/48 | €599,360 | €138,318 | -€461,042 | -76.9% |
| Trade debts | 44 | €317,171 | €52,504 | -€264,667 | -83.4% |
| Suppliers | 440/4 | €317,171 | €52,504 | -€264,667 | -83.4% |
| Advances received on contracts in progress | 46 | €215,521 | €52,370 | -€163,152 | -75.7% |
| Taxes, remuneration and social security | 45 | €7,337 | €2,294 | -€5,043 | -68.7% |
| Taxes | 450/3 | €7,337 | €2,294 | -€5,043 | -68.7% |
| Other amounts payable | 47/48 | €59,330 | €31,150 | -€28,180 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,362 | €6,739 | -€624 | -8.5% |
| Other operating charges | 640/8 | €1,184 | €1,254 | +€70 | +5.9% |
| Gross operating margin | 9900 | €16,427 | €17,463 | +€1,037 | +6.3% |
| Operating profit (loss) | 9901 | €7,880 | €9,471 | +€1,591 | +20.2% |
| Financial income | 75/76B | €13 | €2,208 | +€2,195 | +17,002% |
| Recurring financial income | 75 | €13 | €2,208 | +€2,195 | +17,002% |
| Financial charges | 65/66B | €60 | €891 | +€831 | +1,385% |
| Recurring financial charges | 65 | €60 | €891 | +€831 | +1,385% |
| Profit (loss) for the period before taxes | 9903 | €7,833 | €10,787 | +€2,954 | +37.7% |
| Income taxes | 67/77 | €1,685 | €2,237 | +€551 | +32.7% |
| Profit (loss) for the period | 9904 | €6,148 | €8,551 | +€2,403 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,148 | €8,551 | +€2,403 | +39.1% |
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 17 October 2026 via checked.be.