HAZARBUZ: 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.
HAZARBUZ
Largest movements
- Receivables within one year -€80,270
down €80,270 (-77.1%), from €104,092 to €23,822
of which Trade receivables: -€50,520
- Tangible fixed assets +€32,645
up €32,645 (+129%), from €25,253 to €57,898
- Stocks and contracts -€26,998
down €26,998 (-64.6%), from €41,817 to €14,819
- Cash -€22,054
down €22,054 (-69.2%), from €31,847 to €9,793
mainly Investment in fixed assets (net) (-€42,215) and Trade debts (-€40,920)
- Trade debts -€40,920
down €40,920 (-44.4%), from €92,212 to €51,292
- Other debts -€39,417
down €39,417 (-65.6%), from €60,089 to €20,672
- Advances received -€18,789
no longer reported in 2024 (was €18,789)
- Tax, wage and social debts +€6,134
up €6,134 (+60.2%), from €10,193 to €16,327
of which Remuneration and social security: +€5,690
- Profit (loss) carried forward -€3,685
down €3,685 (-51.0%), from €7,226 to €3,541
- Taxes +€10,005
up €10,005 (+155%), from €6,462 to €16,467
- Other operating charges -€6,965
down €6,965 (-61.0%), from €11,410 to €4,445
- Depreciation +€4,875
up €4,875 (+104%), from €4,695 to €9,570
- Gross operating margin +€2,177
up €2,177 (+7.0%), from €31,255 to €33,432
- Financial charges -€948
down €948 (-87.9%), from €1,078 to €130
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.
Derived cash bridge
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 | €203,009 | €106,332 | -€96,677 | -47.6% |
| Fixed assets | 21/28 | €25,253 | €57,898 | +€32,645 | +129% |
| Tangible fixed assets | 22/27 | €25,253 | €57,898 | +€32,645 | +129% |
| Furniture and vehicles | 24 | €25,253 | €57,898 | +€32,645 | +129% |
| Current assets | 29/58 | €177,756 | €48,434 | -€129,322 | -72.8% |
| Stocks and contracts in progress | 3 | €41,817 | €14,819 | -€26,998 | -64.6% |
| Stocks | 30/36 | €41,817 | €14,819 | -€26,998 | -64.6% |
| Amounts receivable within one year | 40/41 | €104,092 | €23,822 | -€80,270 | -77.1% |
| Trade receivables | 40 | €50,524 | €4 | -€50,520 | -100.0% |
| Other amounts receivable | 41 | €53,568 | €23,818 | -€29,750 | -55.5% |
| Cash at bank and in hand | 54/58 | €31,847 | €9,793 | -€22,054 | -69.2% |
| Total equity and liabilities | 10/49 | €203,009 | €106,332 | -€96,677 | -47.6% |
| Equity | 10/15 | €21,726 | €18,041 | -€3,685 | -17.0% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Capital | 10 | €14,500 | €14,500 | = | 0.0% |
| Issued capital | 100 | €14,500 | €14,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,226 | €3,541 | -€3,685 | -51.0% |
| Amounts payable | 17/49 | €181,283 | €88,291 | -€92,992 | -51.3% |
| Amounts payable within one year | 42/48 | €181,283 | €88,291 | -€92,992 | -51.3% |
| Trade debts | 44 | €92,212 | €51,292 | -€40,920 | -44.4% |
| Suppliers | 440/4 | €92,212 | €51,292 | -€40,920 | -44.4% |
| Advances received on contracts in progress | 46 | €18,789 | - | -€18,789 | |
| Taxes, remuneration and social security | 45 | €10,193 | €16,327 | +€6,134 | +60.2% |
| Taxes | 450/3 | €4,843 | €5,287 | +€444 | +9.2% |
| Remuneration and social security | 454/9 | €5,350 | €11,040 | +€5,690 | +106% |
| Other amounts payable | 47/48 | €60,089 | €20,672 | -€39,417 | -65.6% |
| Remuneration, social security and pensions | 62 | €6,600 | €6,505 | -€95 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,695 | €9,570 | +€4,875 | +104% |
| Other operating charges | 640/8 | €11,410 | €4,445 | -€6,965 | -61.0% |
| Gross operating margin | 9900 | €31,255 | €33,432 | +€2,177 | +7.0% |
| Operating profit (loss) | 9901 | €8,550 | €12,912 | +€4,362 | +51.0% |
| Financial charges | 65/66B | €1,078 | €130 | -€948 | -87.9% |
| Recurring financial charges | 65 | €1,078 | €130 | -€948 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €7,472 | €12,782 | +€5,310 | +71.1% |
| Income taxes | 67/77 | €6,462 | €16,467 | +€10,005 | +155% |
| Profit (loss) for the period | 9904 | €1,010 | -€3,685 | -€4,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,010 | -€3,685 | -€4,695 |
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 24 October 2026 via checked.be.