PAZZI: 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.
PAZZI
Largest movements
- Receivables within one year +€17,514
up €17,514 (+347.7%), from €5,037 to €22,551
of which Trade receivables: +€17,514
- Stocks and contracts -€9,704
down €9,704 (-77.6%), from €12,508 to €2,804
- Tangible fixed assets +€8,364
up €8,364 (+103.4%), from €8,091 to €16,455
of which Furniture and vehicles: +€8,031
- Cash -€6,365
down €6,365 (-95.2%), from €6,687 to €322
mainly Receivables within one year (-€17,514) and Investment in fixed assets (net) (-€15,453)
- Other debts -€7,668
down €7,668 (-38.7%), from €19,831 to €12,163
- Debts after one year +€6,290
new in 2024: €6,290
- Current portion of long-term debt +€4,801
new in 2024: €4,801
- Profit (loss) carried forward +€4,117
up €4,117 (+331.7%), from €1,241 to €5,359
- Tax, wage and social debts +€1,812
up €1,812 (+99.1%), from €1,830 to €3,642
of which Taxes: +€1,841
- Depreciation +€4,369
up €4,369 (+160.7%), from €2,720 to €7,089
- Gross operating margin +€2,343
up €2,343 (+16.0%), from €14,672 to €17,015
- Staff costs -€2,312
down €2,312 (-71.8%), from €3,219 to €906
- Other operating charges +€2,153
up €2,153 (+413.5%), from €521 to €2,673
- Taxes -€413
down €413 (-23.6%), from €1,745 to €1,333
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 | €32,323 | €42,251 | +€9,927 | +30.7% |
| Fixed assets | 21/28 | €8,091 | €16,455 | +€8,364 | +103.4% |
| Tangible fixed assets | 22/27 | €8,091 | €16,455 | +€8,364 | +103.4% |
| Plant, machinery and equipment | 23 | - | €333 | +€333 | |
| Furniture and vehicles | 24 | €8,091 | €16,122 | +€8,031 | +99.3% |
| Current assets | 29/58 | €24,233 | €25,796 | +€1,563 | +6.5% |
| Stocks and contracts in progress | 3 | €12,508 | €2,804 | -€9,704 | -77.6% |
| Stocks | 30/36 | €12,508 | €2,804 | -€9,704 | -77.6% |
| Amounts receivable within one year | 40/41 | €5,037 | €22,551 | +€17,514 | +347.7% |
| Trade receivables | 40 | €5,027 | €22,541 | +€17,514 | +348.4% |
| Other amounts receivable | 41 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,687 | €322 | -€6,365 | -95.2% |
| Deferred charges and accrued income | 490/1 | - | €119 | +€119 | |
| Total equity and liabilities | 10/49 | €32,323 | €42,251 | +€9,927 | +30.7% |
| Equity | 10/15 | €7,241 | €11,359 | +€4,117 | +56.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,241 | €5,359 | +€4,117 | +331.7% |
| Amounts payable | 17/49 | €25,082 | €30,892 | +€5,810 | +23.2% |
| Amounts payable after more than one year | 17 | - | €6,290 | +€6,290 | |
| Financial debts | 170/4 | - | €6,290 | +€6,290 | |
| Amounts payable within one year | 42/48 | €24,257 | €23,202 | -€1,055 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,801 | +€4,801 | |
| Trade debts | 44 | €2,596 | €2,596 | = | 0.0% |
| Suppliers | 440/4 | €2,596 | €2,596 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,830 | €3,642 | +€1,812 | +99.1% |
| Taxes | 450/3 | €1,801 | €3,642 | +€1,841 | +102.2% |
| Remuneration and social security | 454/9 | €28 | - | -€28 | |
| Other amounts payable | 47/48 | €19,831 | €12,163 | -€7,668 | -38.7% |
| Accrued charges and deferred income | 492/3 | €825 | €1,400 | +€575 | +69.6% |
| Remuneration, social security and pensions | 62 | €3,219 | €906 | -€2,312 | -71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,720 | €7,089 | +€4,369 | +160.7% |
| Other operating charges | 640/8 | €521 | €2,673 | +€2,153 | +413.5% |
| Gross operating margin | 9900 | €14,672 | €17,015 | +€2,343 | +16.0% |
| Operating profit (loss) | 9901 | €8,214 | €6,347 | -€1,867 | -22.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,251 | €897 | -€354 | -28.3% |
| Recurring financial charges | 65 | €1,251 | €897 | -€354 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €6,963 | €5,450 | -€1,512 | -21.7% |
| Income taxes | 67/77 | €1,745 | €1,333 | -€413 | -23.6% |
| Profit (loss) for the period | 9904 | €5,217 | €4,117 | -€1,100 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,217 | €4,117 | -€1,100 | -21.1% |
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 8 October 2026 via checked.be.