BAZA PROJECTS: 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.
What changed
BAZA PROJECTS
NACE 49.330, On-demand passenger transport by chauffeured vehicle
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€26,466
2023 · €3,318+€23,148
Equity
€39,784
2023 · €13,318+€26,466
Cash
€10,011
2023 · €2,417+€7,594
Balance sheet total
€40,383
2023 · €21,536+€18,847
Largest movements
Assets
- Receivables within one year +€15,344
up €15,344 (+617.4%), from €2,485 to €17,829
of which Other amounts receivable: +€15,760
- Cash +€7,594
up €7,594 (+314.2%), from €2,417 to €10,011
mainly Net result for the year (+€26,466) and Depreciation (+€6,792)
- Tangible fixed assets -€5,891
down €5,891 (-35.4%), from €16,633 to €10,742
of which Furniture and vehicles: -€5,891
- Deferred charges and accrued income +€1,800
new in 2024: €1,800
Equity and liabilities
- Profit (loss) carried forward +€26,466
up €26,466 (+797.6%), from €3,318 to €29,784
- Trade debts -€7,965
down €7,965 (-100.0%), from €7,965 to €0
of which Suppliers: -€7,965
Income statement
- Turnover +€68,431
new in 2024: €68,431
- Purchases and services +€33,491
new in 2024: €33,491
- Gross operating margin +€27,094
up €27,094 (+345.3%), from €7,846 to €34,940
- Depreciation +€3,588
up €3,588 (+112.0%), from €3,204 to €6,792
- Staff costs +€1,241
new in 2024: €1,241
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.
Result 2023
€3,318
Gross operating margin
+€27,094
Staff costs
-€1,241
Depreciation
-€3,588
Other operating charges
+€969
Financial income
+€203
Financial charges
-€24
Taxes
-€264
Result 2024
€26,466
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.
From operations
+€8,495
Investment
-€901
Financing
€0
Cash 2023
€2,417
From operations (derived)
+€8,495
Net result for the year
+€26,466
Depreciation
+€6,792
Receivables within one year
-€15,344
Deferred charges and accrued income
-€1,800
Trade debts
-€7,965
Tax, wage and social debts
+€345
Investment (derived)
-€901
Investment in fixed assets (net)
-€901
Cash 2024
€10,011
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,536 | €40,383 | +€18,847 | +87.5% |
| Fixed assets | 21/28 | €16,633 | €10,742 | -€5,891 | -35.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €16,633 | €10,742 | -€5,891 | -35.4% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €16,633 | €10,742 | -€5,891 | -35.4% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €4,903 | €29,641 | +€24,738 | +504.6% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,485 | €17,829 | +€15,344 | +617.4% |
| Trade receivables | 40 | €2,485 | €2,069 | -€416 | -16.7% |
| Other amounts receivable | 41 | - | €15,760 | +€15,760 | |
| Cash at bank and in hand | 54/58 | €2,417 | €10,011 | +€7,594 | +314.2% |
| Deferred charges and accrued income | 490/1 | - | €1,800 | +€1,800 | |
| Total equity and liabilities | 10/49 | €21,536 | €40,383 | +€18,847 | +87.5% |
| Equity | 10/15 | €13,318 | €39,784 | +€26,466 | +198.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €3,318 | €29,784 | +€26,466 | +797.6% |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €8,218 | €598 | -€7,619 | -92.7% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €8,218 | €598 | -€7,619 | -92.7% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €7,965 | €0 | -€7,965 | -100.0% |
| Suppliers | 440/4 | €7,965 | €0 | -€7,965 | -100.0% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €253 | €598 | +€345 | +136.4% |
| Taxes | 450/3 | €253 | €412 | +€159 | +62.8% |
| Remuneration and social security | 454/9 | - | €186 | +€186 | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €68,431 | +€68,431 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €33,491 | +€33,491 | |
| Remuneration, social security and pensions | 62 | - | €1,241 | +€1,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,204 | €6,792 | +€3,588 | +112.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €1,282 | €314 | -€969 | -75.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €7,846 | €34,940 | +€27,094 | +345.3% |
| Operating profit (loss) | 9901 | €3,360 | €26,593 | +€23,233 | +691.4% |
| Financial income | 75/76B | - | €203 | +€203 | |
| Recurring financial income | 75 | - | €203 | +€203 | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €42 | €66 | +€24 | +58.3% |
| Recurring financial charges | 65 | €42 | €66 | +€24 | +58.3% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €3,318 | €26,730 | +€23,412 | +705.6% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | - | €264 | +€264 | |
| Profit (loss) for the period | 9904 | €3,318 | €26,466 | +€23,148 | +697.6% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,318 | €26,466 | +€23,148 | +697.6% |
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 10 October 2026 via checked.be.