FAZAL: 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.
FAZAL
Largest movements
- Cash +€23,286
up €23,286 (+22629.4%), from €103 to €23,389
mainly Trade debts (+€47,483) and Tax, wage and social debts (+€9,978)
- Receivables within one year -€8,902
down €8,902 (-43.9%), from €20,286 to €11,385
of which Other amounts receivable: -€4,773
- Trade debts +€47,483
up €47,483 (+83.3%), from €57,017 to €104,500
- Other debts -€37,540
down €37,540 (-84.4%), from €44,498 to €6,959
- Short-term financial debts -€14,309
down €14,309 (-84.3%), from €16,964 to €2,655
- Tax, wage and social debts +€9,978
up €9,978 (+95.5%), from €10,444 to €20,422
of which Taxes: +€7,876
- Profit (loss) carried forward +€8,894
up €8,894 (+46.1%), from €19,286 to €28,180
- Gross operating margin -€21,746
down €21,746 (-31.6%), from €68,727 to €46,980
- Staff costs -€16,843
down €16,843 (-40.3%), from €41,768 to €24,926
- Other operating charges -€9,460
down €9,460 (-57.3%), from €16,519 to €7,058
- Depreciation -€6,378
no longer reported in 2024 (was €6,378)
- Taxes +€1,172
up €1,172 (+72.5%), from €1,618 to €2,790
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 | €170,472 | €184,978 | +€14,506 | +8.5% |
| Fixed assets | 21/28 | €1,770 | €1,770 | = | 0.0% |
| Financial fixed assets | 28 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €168,702 | €183,208 | +€14,506 | +8.6% |
| Stocks and contracts in progress | 3 | €148,312 | €148,435 | +€123 | +0.1% |
| Stocks | 30/36 | €148,312 | €148,435 | +€123 | +0.1% |
| Amounts receivable within one year | 40/41 | €20,286 | €11,385 | -€8,902 | -43.9% |
| Trade receivables | 40 | €13,794 | €9,665 | -€4,129 | -29.9% |
| Other amounts receivable | 41 | €6,492 | €1,719 | -€4,773 | -73.5% |
| Cash at bank and in hand | 54/58 | €103 | €23,389 | +€23,286 | +22629.4% |
| Total equity and liabilities | 10/49 | €170,472 | €184,978 | +€14,506 | +8.5% |
| Equity | 10/15 | €39,746 | €48,640 | +€8,894 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,286 | €28,180 | +€8,894 | +46.1% |
| Amounts payable | 17/49 | €130,725 | €136,338 | +€5,612 | +4.3% |
| Amounts payable after more than one year | 17 | €1,802 | - | -€1,802 | |
| Financial debts | 170/4 | €1,802 | - | -€1,802 | |
| Amounts payable within one year | 42/48 | €128,923 | €136,338 | +€7,415 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,802 | +€1,802 | |
| Financial debts | 43 | €16,964 | €2,655 | -€14,309 | -84.3% |
| Credit institutions | 430/8 | €16,964 | €2,655 | -€14,309 | -84.3% |
| Trade debts | 44 | €57,017 | €104,500 | +€47,483 | +83.3% |
| Suppliers | 440/4 | €57,017 | €104,500 | +€47,483 | +83.3% |
| Taxes, remuneration and social security | 45 | €10,444 | €20,422 | +€9,978 | +95.5% |
| Taxes | 450/3 | €1,618 | €9,494 | +€7,876 | +486.8% |
| Remuneration and social security | 454/9 | €8,826 | €10,928 | +€2,102 | +23.8% |
| Other amounts payable | 47/48 | €44,498 | €6,959 | -€37,540 | -84.4% |
| Remuneration, social security and pensions | 62 | €41,768 | €24,926 | -€16,843 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,378 | - | -€6,378 | |
| Other operating charges | 640/8 | €16,519 | €7,058 | -€9,460 | -57.3% |
| Gross operating margin | 9900 | €68,727 | €46,980 | -€21,746 | -31.6% |
| Operating profit (loss) | 9901 | €4,062 | €14,996 | +€10,934 | +269.2% |
| Financial income | 75/76B | €139 | - | -€139 | |
| Recurring financial income | 75 | €139 | - | -€139 | |
| Financial charges | 65/66B | €3,043 | €3,312 | +€269 | +8.8% |
| Recurring financial charges | 65 | €3,043 | €3,312 | +€269 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €1,158 | €11,684 | +€10,526 | +908.8% |
| Income taxes | 67/77 | €1,618 | €2,790 | +€1,172 | +72.5% |
| Profit (loss) for the period | 9904 | -€460 | €8,894 | +€9,354 | |
| Profit (loss) for the period to be appropriated | 9905 | -€460 | €8,894 | +€9,354 |
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 3 October 2026 via checked.be.