MUDASSER AZAM: 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.
MUDASSER AZAM
Largest movements
- Tangible fixed assets -€3,113
down €3,113 (-3.5%), from €89,678 to €86,565
- Profit (loss) carried forward -€5,388
down €5,388 (-21.4%), from -€25,211 to -€30,598
- Other debts +€2,346
up €2,346 (+7.6%), from €31,034 to €33,380
- Depreciation -€18,156
down €18,156 (-85.4%), from €21,270 to €3,113
- Gross operating margin +€2,624
up €2,624 (+58.6%), from -€4,474 to -€1,850
- Financial charges -€963
down €963 (-69.4%), from €1,387 to €424
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 | €92,047 | €88,474 | -€3,572 | -3.9% |
| Fixed assets | 21/28 | €89,678 | €86,565 | -€3,113 | -3.5% |
| Tangible fixed assets | 22/27 | €89,678 | €86,565 | -€3,113 | -3.5% |
| Land and buildings | 22 | €89,678 | €86,565 | -€3,113 | -3.5% |
| Current assets | 29/58 | €2,368 | €1,909 | -€459 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,405 | €1,794 | +€389 | +27.7% |
| Other amounts receivable | 41 | €1,405 | €1,794 | +€389 | +27.7% |
| Cash at bank and in hand | 54/58 | €963 | €116 | -€847 | -88.0% |
| Total equity and liabilities | 10/49 | €92,047 | €88,474 | -€3,572 | -3.9% |
| Equity | 10/15 | €59,700 | €54,312 | -€5,388 | -9.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €22,910 | €22,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €16,710 | €16,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,211 | -€30,598 | -€5,388 | -21.4% |
| Amounts payable | 17/49 | €32,347 | €34,162 | +€1,815 | +5.6% |
| Amounts payable within one year | 42/48 | €32,347 | €34,162 | +€1,815 | +5.6% |
| Trade debts | 44 | €1,313 | €783 | -€531 | -40.4% |
| Suppliers | 440/4 | €1,313 | €783 | -€531 | -40.4% |
| Other amounts payable | 47/48 | €31,034 | €33,380 | +€2,346 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,270 | €3,113 | -€18,156 | -85.4% |
| Gross operating margin | 9900 | -€4,474 | -€1,850 | +€2,624 | +58.6% |
| Operating profit (loss) | 9901 | -€25,743 | -€4,963 | +€20,780 | +80.7% |
| Financial charges | 65/66B | €1,387 | €424 | -€963 | -69.4% |
| Recurring financial charges | 65 | €1,387 | €424 | -€963 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,130 | -€5,388 | +€21,743 | +80.1% |
| Profit (loss) for the period | 9904 | -€27,130 | -€5,388 | +€21,743 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,130 | -€5,388 | +€21,743 | +80.1% |
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 5 October 2026 via checked.be.