Golden Azimuth: what changed
Golden Azimuth
Largest movements
- Receivables within one year +€61,696
up €61,696 (+139%), from €44,259 to €105,956
of which Trade receivables: +€55,549
- Tangible fixed assets +€8,370
up €8,370 (+99.2%), from €8,438 to €16,808
- Trade debts +€44,119
up €44,119 (+199%), from €22,160 to €66,279
- Profit (loss) carried forward +€9,980
up €9,980 (+82.8%), from €12,059 to €22,039
- Short-term financial debts +€5,653
up €5,653 (+577%), from €980 to €6,633
- Reserves +€5,500
new in 2024: €5,500
of which Distributable reserves: +€5,000
- Tax, wage and social debts +€4,623
up €4,623 (+36.2%), from €12,769 to €17,392
of which Taxes: +€6,516
- Turnover +€468,980
new in 2024: €468,980
- Purchases and services -€54,343
down €54,343 (-32.9%), from €165,265 to €110,922
- Gross operating margin +€13,858
up €13,858 (+37.0%), from €37,431 to €51,288
- Financial charges +€9,241
up €9,241 (+2,894%), from €319 to €9,561
of which Non-recurring financial charges: +€8,438
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,968 | €122,842 | +€69,874 | +132% |
| Fixed assets | 21/28 | €8,516 | €16,886 | +€8,370 | +98.3% |
| Tangible fixed assets | 22/27 | €8,438 | €16,808 | +€8,370 | +99.2% |
| Furniture and vehicles | 24 | €8,438 | €16,808 | +€8,370 | +99.2% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €44,452 | €105,956 | +€61,504 | +138% |
| Amounts receivable within one year | 40/41 | €44,259 | €105,956 | +€61,696 | +139% |
| Trade receivables | 40 | €35,235 | €90,784 | +€55,549 | +158% |
| Other amounts receivable | 41 | €9,024 | €15,172 | +€6,148 | +68.1% |
| Cash at bank and in hand | 54/58 | €193 | €1 | -€192 | -99.7% |
| Total equity and liabilities | 10/49 | €52,968 | €122,842 | +€69,874 | +132% |
| Equity | 10/15 | €17,059 | €32,539 | +€15,480 | +90.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €5,500 | +€5,500 | |
| Non-distributable reserves | 130/1 | - | €500 | +€500 | |
| Reserves not available under the articles | 1311 | - | €500 | +€500 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €12,059 | €22,039 | +€9,980 | +82.8% |
| Amounts payable | 17/49 | €35,909 | €90,303 | +€54,394 | +151% |
| Amounts payable within one year | 42/48 | €35,909 | €90,303 | +€54,394 | +151% |
| Financial debts | 43 | €980 | €6,633 | +€5,653 | +577% |
| Credit institutions | 430/8 | €980 | €6,633 | +€5,653 | +577% |
| Trade debts | 44 | €22,160 | €66,279 | +€44,119 | +199% |
| Suppliers | 440/4 | €22,160 | €66,279 | +€44,119 | +199% |
| Taxes, remuneration and social security | 45 | €12,769 | €17,392 | +€4,623 | +36.2% |
| Taxes | 450/3 | €4,164 | €10,680 | +€6,516 | +156% |
| Remuneration and social security | 454/9 | €8,605 | €6,712 | -€1,893 | -22.0% |
| Turnover | 70 | - | €468,980 | +€468,980 | |
| Goods, raw materials, services and sundry goods | 60/61 | €165,265 | €110,922 | -€54,343 | -32.9% |
| Remuneration, social security and pensions | 62 | €19,005 | €21,954 | +€2,949 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,813 | €750 | -€2,062 | -73.3% |
| Gross operating margin | 9900 | €37,431 | €51,288 | +€13,858 | +37.0% |
| Operating profit (loss) | 9901 | €15,613 | €28,584 | +€12,971 | +83.1% |
| Financial income | 75/76B | €110 | €394 | +€285 | +260% |
| Recurring financial income | 75 | €110 | €394 | +€285 | +260% |
| Financial charges | 65/66B | €319 | €9,561 | +€9,241 | +2,894% |
| Recurring financial charges | 65 | €319 | €1,123 | +€804 | +252% |
| Non-recurring financial charges | 66B | - | €8,438 | +€8,438 | |
| Profit (loss) for the period before taxes | 9903 | €15,403 | €19,418 | +€4,014 | +26.1% |
| Income taxes | 67/77 | €3,344 | €3,937 | +€593 | +17.7% |
| Profit (loss) for the period | 9904 | €12,059 | €15,481 | +€3,421 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,059 | €15,481 | +€3,421 | +28.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.