HAZAL: 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.
HAZAL
Largest movements
- Deferred charges and accrued income +€24,384
up €24,384 (+53333.2%), from €46 to €24,430
- Cash +€3,576
up €3,576 (+40.8%), from €8,757 to €12,334
mainly Net result for the year (+€15,415) and Other debts (+€12,537)
- Receivables within one year -€581
down €581 (-35.0%), from €1,658 to €1,077
of which Trade receivables: -€685
- Tangible fixed assets -€529
down €529 (-39.9%), from €1,325 to €796
of which Furniture and vehicles: -€327
- Intangible fixed assets +€422
up €422 (+102.2%), from €413 to €836
- Profit (loss) carried forward +€15,415
up €15,415 (+63.5%), from -€24,281 to -€8,866
- Other debts +€12,537
up €12,537 (+126.5%), from €9,909 to €22,445
- Trade debts -€1,209
down €1,209 (-30.2%), from €4,004 to €2,795
- Gross operating margin +€22,969
up €22,969 (+869.6%), from €2,641 to €25,611
- Turnover +€19,963
up €19,963 (+28.4%), from €70,308 to €90,271
- Other operating charges -€9,791
down €9,791 (-65.0%), from €15,067 to €5,276
- Financial charges -€5,733
down €5,733 (-94.4%), from €6,075 to €341
- Taxes -€2,919
down €2,919 (-57.5%), from €5,081 to €2,162
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 | €14,371 | €41,141 | +€26,770 | +186.3% |
| Formation expenses | 20 | €1,157 | €924 | -€233 | -20.2% |
| Fixed assets | 21/28 | €1,739 | €1,632 | -€107 | -6.1% |
| Intangible fixed assets | 21 | €413 | €836 | +€422 | +102.2% |
| Tangible fixed assets | 22/27 | €1,325 | €796 | -€529 | -39.9% |
| Land and buildings | 22 | €45 | - | -€45 | |
| Plant, machinery and equipment | 23 | €64 | €42 | -€22 | -34.6% |
| Furniture and vehicles | 24 | €336 | €9 | -€327 | -97.2% |
| Other tangible fixed assets | 26 | €880 | €745 | -€135 | -15.3% |
| Current assets | 29/58 | €11,476 | €38,586 | +€27,110 | +236.2% |
| Stocks and contracts in progress | 3 | €1,015 | €745 | -€270 | -26.6% |
| Stocks | 30/36 | €1,015 | €745 | -€270 | -26.6% |
| Amounts receivable within one year | 40/41 | €1,658 | €1,077 | -€581 | -35.0% |
| Trade receivables | 40 | €1,645 | €960 | -€685 | -41.6% |
| Other amounts receivable | 41 | €13 | €117 | +€104 | +816.2% |
| Cash at bank and in hand | 54/58 | €8,757 | €12,334 | +€3,576 | +40.8% |
| Deferred charges and accrued income | 490/1 | €46 | €24,430 | +€24,384 | +53333.2% |
| Total equity and liabilities | 10/49 | €14,371 | €41,141 | +€26,770 | +186.3% |
| Equity | 10/15 | -€5,592 | €9,823 | +€15,415 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89 | €89 | = | 0.0% |
| Non-distributable reserves | 130/1 | €89 | €89 | = | 0.0% |
| Legal reserve | 130 | €89 | €89 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,281 | -€8,866 | +€15,415 | +63.5% |
| Amounts payable | 17/49 | €19,963 | €31,318 | +€11,355 | +56.9% |
| Amounts payable within one year | 42/48 | €19,963 | €31,318 | +€11,355 | +56.9% |
| Trade debts | 44 | €4,004 | €2,795 | -€1,209 | -30.2% |
| Suppliers | 440/4 | €4,004 | €2,795 | -€1,209 | -30.2% |
| Taxes, remuneration and social security | 45 | €6,051 | €6,078 | +€27 | +0.4% |
| Taxes | 450/3 | €6,051 | €6,078 | +€27 | +0.4% |
| Other amounts payable | 47/48 | €9,909 | €22,445 | +€12,537 | +126.5% |
| Turnover | 70 | €70,308 | €90,271 | +€19,963 | +28.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €67,667 | €68,883 | +€1,216 | +1.8% |
| Remuneration, social security and pensions | 62 | €704 | €1,283 | +€578 | +82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €1,149 | +€294 | +34.4% |
| Other operating charges | 640/8 | €15,067 | €5,276 | -€9,791 | -65.0% |
| Gross operating margin | 9900 | €2,641 | €25,611 | +€22,969 | +869.6% |
| Operating profit (loss) | 9901 | -€13,985 | €17,903 | +€31,888 | |
| Financial income | 75/76B | €2 | €16 | +€14 | +676.5% |
| Recurring financial income | 75 | €2 | €16 | +€14 | +676.5% |
| Financial charges | 65/66B | €6,075 | €341 | -€5,733 | -94.4% |
| Recurring financial charges | 65 | €6,075 | €341 | -€5,733 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,058 | €17,577 | +€37,635 | |
| Income taxes | 67/77 | €5,081 | €2,162 | -€2,919 | -57.5% |
| Profit (loss) for the period | 9904 | -€25,139 | €15,415 | +€40,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,139 | €15,415 | +€40,554 |
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 8 October 2026 via checked.be.