AZRACOM: 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.
AZRACOM
Largest movements
- Receivables within one year -€18,629
down €18,629 (-17.7%), from €105,051 to €86,422
of which Other amounts receivable: -€37,876
- Deferred charges and accrued income +€14,485
new in 2023: €14,485
- Contributions -€18,600
no longer reported in 2023 (was €18,600)
- Profit (loss) carried forward +€12,712
up €12,712 (+92.7%), from €13,719 to €26,431
- Tax, wage and social debts +€2,867
up €2,867 (+354%), from €810 to €3,677
of which Taxes: +€3,677
- Purchases and services +€16,188
up €16,188 (+13.8%), from €117,100 to €133,288
- Staff costs -€14,787
down €14,787 (-92.5%), from €15,989 to €1,202
- Gross operating margin -€9,332
down €9,332 (-24.9%), from €37,542 to €28,209
- Turnover +€6,856
up €6,856 (+4.4%), from €154,641 to €161,497
- Taxes +€3,677
new in 2023: €3,677
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 | €194,466 | €191,920 | -€2,546 | -1.3% |
| Fixed assets | 21/28 | €89,086 | €89,711 | +€624 | +0.7% |
| Tangible fixed assets | 22/27 | €89,086 | €89,711 | +€624 | +0.7% |
| Plant, machinery and equipment | 23 | €526 | - | -€526 | |
| Furniture and vehicles | 24 | €1,423 | €10,765 | +€9,342 | +657% |
| Other tangible fixed assets | 26 | €87,138 | €78,945 | -€8,192 | -9.4% |
| Current assets | 29/58 | €105,380 | €102,210 | -€3,170 | -3.0% |
| Amounts receivable within one year | 40/41 | €105,051 | €86,422 | -€18,629 | -17.7% |
| Trade receivables | 40 | €61,794 | €81,040 | +€19,246 | +31.1% |
| Other amounts receivable | 41 | €43,258 | €5,382 | -€37,876 | -87.6% |
| Cash at bank and in hand | 54/58 | €329 | €1,302 | +€974 | +296% |
| Deferred charges and accrued income | 490/1 | - | €14,485 | +€14,485 | |
| Total equity and liabilities | 10/49 | €194,466 | €191,920 | -€2,546 | -1.3% |
| Equity | 10/15 | €193,557 | €187,670 | -€5,888 | -3.0% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €161,238 | €161,238 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €159,378 | €161,238 | +€1,860 | +1.2% |
| Profit (loss) carried forward | 14 | €13,719 | €26,431 | +€12,712 | +92.7% |
| Amounts payable | 17/49 | €909 | €4,251 | +€3,342 | +368% |
| Amounts payable within one year | 42/48 | €909 | €4,251 | +€3,342 | +368% |
| Trade debts | 44 | €99 | €260 | +€161 | +163% |
| Suppliers | 440/4 | €99 | €260 | +€161 | +163% |
| Taxes, remuneration and social security | 45 | €810 | €3,677 | +€2,867 | +354% |
| Taxes | 450/3 | - | €3,677 | +€3,677 | |
| Remuneration and social security | 454/9 | €810 | - | -€810 | |
| Other amounts payable | 47/48 | - | €313 | +€313 | |
| Turnover | 70 | €154,641 | €161,497 | +€6,856 | +4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €117,100 | €133,288 | +€16,188 | +13.8% |
| Remuneration, social security and pensions | 62 | €15,989 | €1,202 | -€14,787 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,036 | €9,776 | -€260 | -2.6% |
| Other operating charges | 640/8 | €249 | €2,098 | +€1,849 | +742% |
| Gross operating margin | 9900 | €37,542 | €28,209 | -€9,332 | -24.9% |
| Operating profit (loss) | 9901 | €11,268 | €15,134 | +€3,866 | +34.3% |
| Financial income | 75/76B | €2,664 | €1,367 | -€1,297 | -48.7% |
| Recurring financial income | 75 | €2,664 | €1,367 | -€1,297 | -48.7% |
| Financial charges | 65/66B | €213 | €111 | -€101 | -47.7% |
| Recurring financial charges | 65 | €213 | €111 | -€101 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €13,719 | €16,389 | +€2,670 | +19.5% |
| Income taxes | 67/77 | - | €3,677 | +€3,677 | |
| Profit (loss) for the period | 9904 | €13,719 | €12,712 | -€1,007 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,719 | €12,712 | -€1,007 | -7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.