AZOL: 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.
AZOL
Largest movements
- Cash +€12,664
up €12,664 (+87.7%), from €14,437 to €27,101
mainly Net result for the year (+€27,044) and Tax, wage and social debts (+€2,146)
- Receivables within one year +€12,092
up €12,092 (+743.2%), from €1,627 to €13,719
of which Trade receivables: +€12,092
- Deferred charges and accrued income +€742
up €742 (+6185.9%), from €12 to €754
- Tangible fixed assets +€472
up €472 (+20.6%), from €2,295 to €2,766
- Reserves +€27,044
up €27,044 (+483.1%), from €5,598 to €32,642
- Tax, wage and social debts +€2,146
up €2,146 (+33.6%), from €6,390 to €8,536
- Trade debts -€1,670
down €1,670 (-44.0%), from €3,798 to €2,128
- Other debts -€1,550
down €1,550 (-97.9%), from €1,584 to €34
- Gross operating margin +€28,647
up €28,647 (+356.5%), from €8,036 to €36,683
- Taxes +€5,562
up €5,562 (+283.9%), from €1,959 to €7,521
- Depreciation +€1,070
up €1,070 (+5734.0%), from €19 to €1,089
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 | €18,370 | €44,340 | +€25,969 | +141.4% |
| Fixed assets | 21/28 | €2,295 | €2,766 | +€472 | +20.6% |
| Tangible fixed assets | 22/27 | €2,295 | €2,766 | +€472 | +20.6% |
| Furniture and vehicles | 24 | €2,295 | €2,766 | +€472 | +20.6% |
| Current assets | 29/58 | €16,076 | €41,573 | +€25,498 | +158.6% |
| Amounts receivable within one year | 40/41 | €1,627 | €13,719 | +€12,092 | +743.2% |
| Trade receivables | 40 | €1,267 | €13,358 | +€12,092 | +954.6% |
| Other amounts receivable | 41 | €360 | €360 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,437 | €27,101 | +€12,664 | +87.7% |
| Deferred charges and accrued income | 490/1 | €12 | €754 | +€742 | +6185.9% |
| Total equity and liabilities | 10/49 | €18,370 | €44,340 | +€25,969 | +141.4% |
| Equity | 10/15 | €6,598 | €33,642 | +€27,044 | +409.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,598 | €32,642 | +€27,044 | +483.1% |
| Distributable reserves | 133 | €5,598 | €32,642 | +€27,044 | +483.1% |
| Amounts payable | 17/49 | €11,772 | €10,698 | -€1,075 | -9.1% |
| Amounts payable within one year | 42/48 | €11,772 | €10,698 | -€1,075 | -9.1% |
| Trade debts | 44 | €3,798 | €2,128 | -€1,670 | -44.0% |
| Suppliers | 440/4 | €3,798 | €2,128 | -€1,670 | -44.0% |
| Taxes, remuneration and social security | 45 | €6,390 | €8,536 | +€2,146 | +33.6% |
| Taxes | 450/3 | €6,390 | €8,536 | +€2,146 | +33.6% |
| Other amounts payable | 47/48 | €1,584 | €34 | -€1,550 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19 | €1,089 | +€1,070 | +5734.0% |
| Other operating charges | 640/8 | €384 | €686 | +€302 | +78.5% |
| Gross operating margin | 9900 | €8,036 | €36,683 | +€28,647 | +356.5% |
| Operating profit (loss) | 9901 | €7,632 | €34,908 | +€27,276 | +357.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €75 | €344 | +€269 | +358.8% |
| Recurring financial charges | 65 | €75 | €344 | +€269 | +358.8% |
| Profit (loss) for the period before taxes | 9903 | €7,557 | €34,565 | +€27,007 | +357.4% |
| Income taxes | 67/77 | €1,959 | €7,521 | +€5,562 | +283.9% |
| Profit (loss) for the period | 9904 | €5,598 | €27,044 | +€21,446 | +383.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,598 | €27,044 | +€21,446 | +383.1% |
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 30 September 2026 via checked.be.