Azulatis: 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.
What changed
Azulatis
NACE 11.070, Manufacture of beverages
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€2.0m
2023 · -€1.8m-€258,092
Equity
€8.7m
2023 · €10.8m-€2.0m
Cash
€319,903
2023 · €201,390+€118,513
Balance sheet total
€20.2m
2023 · €19.6m+€546,195
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+10.0%), from €14.9m to €16.4m
of which Land and buildings: +€2.0m
- Receivables within one year -€942,589
down €942,589 (-26.4%), from €3.6m to €2.6m
of which Trade receivables: -€786,721
Equity and liabilities
- Other debts +€3.7m
up €3.7m (+70.4%), from €5.2m to €8.9m
- Profit (loss) carried forward -€2.0m
down €2.0m (-114.5%), from -€1.8m to -€3.8m
- Trade debts -€999,111
down €999,111 (-40.5%), from €2.5m to €1.5m
Income statement
- Turnover -€21.1m
no longer reported in 2024 (was €21.1m)
- Services and other goods -€9.1m
no longer reported in 2024 (was €9.1m)
- Gross operating margin +€4.7m
new in 2024: €4.7m
- Staff costs -€591,199
down €591,199 (-14.2%), from €4.2m to €3.6m
- Other operating income -€401,611
no longer reported in 2024 (was €401,611)
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.
Result 2023
-€1.8m
Turnover
-€21.1m
Other operating income
-€401,611
Goods and materials
-€5,958
Services and other goods
+€9.1m
Staff costs
+€591,199
Depreciation
+€294,150
Write-downs
-€20,007
Other operating charges
-€1,230
Other operating items
+€11.7m
Financial income
-€206,561
Financial charges
-€293,625
Taxes
-€5,537
Result 2024
-€2.0m
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.
From operations
+€3.9m
Investment
-€3.8m
Financing
€0
Cash 2023
€201,390
From operations (derived)
+€3.9m
Net result for the year
-€2.0m
Depreciation
+€2.3m
Stocks and contracts
+€89,221
Receivables within one year
+€942,589
Deferred charges and accrued income
+€17,281
Trade debts
-€999,111
Tax, wage and social debts
-€26,637
Other debts
+€3.7m
Accrued charges and deferred income
-€80,427
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Cash 2024
€319,903
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,612,703 | €20,158,898 | +€546,195 | +2.8% |
| Fixed assets | 21/28 | €14,910,586 | €16,387,359 | +€1.5m | +9.9% |
| Intangible fixed assets | 21 | €42,453 | €29,370 | -€13,083 | -30.8% |
| Tangible fixed assets | 22/27 | €14,866,783 | €16,357,839 | +€1.5m | +10.0% |
| Land and buildings | 22 | €12,710,889 | €14,754,049 | +€2.0m | +16.1% |
| Plant, machinery and equipment | 23 | €148,706 | €221,964 | +€73,258 | +49.3% |
| Assets under construction and advance payments | 27 | €2,007,188 | €1,381,827 | -€625,362 | -31.2% |
| Financial fixed assets | 28 | €1,350 | €150 | -€1,200 | -88.9% |
| Other financial fixed assets | 284/8 | €1,350 | - | -€1,350 | |
| Amounts receivable and cash guarantees | 285/8 | €1,350 | - | -€1,350 | |
| Current assets | 29/58 | €4,702,117 | €3,771,539 | -€930,578 | -19.8% |
| Stocks and contracts in progress | 3 | €831,678 | €742,457 | -€89,221 | -10.7% |
| Stocks | 30/36 | €522,292 | €422,258 | -€100,034 | -19.2% |
| Raw materials and consumables | 30/31 | €336,436 | - | -€336,436 | |
| Finished goods | 33 | €185,856 | - | -€185,856 | |
| Contracts in progress | 37 | €309,386 | €320,198 | +€10,813 | +3.5% |
| Amounts receivable within one year | 40/41 | €3,574,796 | €2,632,207 | -€942,589 | -26.4% |
| Trade receivables | 40 | €3,393,060 | €2,606,339 | -€786,721 | -23.2% |
| Other amounts receivable | 41 | €181,736 | €25,868 | -€155,868 | -85.8% |
| Cash at bank and in hand | 54/58 | €201,390 | €319,903 | +€118,513 | +58.8% |
| Deferred charges and accrued income | 490/1 | €94,253 | €76,972 | -€17,281 | -18.3% |
| Total equity and liabilities | 10/49 | €19,612,703 | €20,158,898 | +€546,195 | +2.8% |
| Equity | 10/15 | €10,773,610 | €8,734,127 | -€2.0m | -18.9% |
| Contributions | 10/11 | €12,555,000 | €12,555,000 | = | 0.0% |
| Capital | 10 | €12,555,000 | €12,555,000 | = | 0.0% |
| Issued capital | 100 | €12,555,000 | €12,555,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,781,391 | -€3,820,873 | -€2.0m | -114.5% |
| Amounts payable | 17/49 | €8,839,094 | €11,424,772 | +€2.6m | +29.3% |
| Amounts payable within one year | 42/48 | €8,758,666 | €11,424,772 | +€2.7m | +30.4% |
| Trade debts | 44 | €2,464,079 | €1,464,969 | -€999,111 | -40.5% |
| Suppliers | 440/4 | €2,464,079 | €1,464,969 | -€999,111 | -40.5% |
| Advances received on contracts in progress | 46 | €285,795 | €285,795 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €762,860 | €736,223 | -€26,637 | -3.5% |
| Taxes | 450/3 | €4,629 | €223,472 | +€218,844 | +4727.8% |
| Remuneration and social security | 454/9 | €758,231 | €512,751 | -€245,480 | -32.4% |
| Other amounts payable | 47/48 | €5,245,932 | €8,937,785 | +€3.7m | +70.4% |
| Accrued charges and deferred income | 492/3 | €80,427 | €0 | -€80,427 | -100.0% |
| Operating income | 70/76A | €14,418,519 | - | -€14.4m | |
| Turnover | 70 | €21,053,056 | - | -€21.1m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€7,148,535 | - | +€7.1m | |
| Own construction capitalised | 72 | €102,087 | - | -€102,087 | |
| Other operating income | 74 | €401,611 | - | -€401,611 | |
| Non-recurring operating income | 76A | €10,300 | €0 | -€10,300 | -100.0% |
| Operating charges | 60/66A | €16,260,956 | - | -€16.3m | |
| Goods for resale, raw materials and consumables | 60 | -€5,958 | - | +€5,958 | |
| Change in stocks: decrease (increase) | 609 | -€5,958 | - | +€5,958 | |
| Services and other goods | 61 | €9,109,601 | - | -€9.1m | |
| Remuneration, social security and pensions | 62 | €4,150,938 | €3,559,739 | -€591,199 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,586,027 | €2,291,877 | -€294,150 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €226,620 | €246,627 | +€20,007 | +8.8% |
| Other operating charges | 640/8 | €177,566 | €178,796 | +€1,230 | +0.7% |
| Non-recurring operating charges | 66A | €16,163 | €0 | -€16,163 | -100.0% |
| Gross operating margin | 9900 | - | €4,682,232 | +€4.7m | |
| Operating profit (loss) | 9901 | -€1,842,438 | -€1,594,808 | +€247,630 | +13.4% |
| Financial income | 75/76B | €231,248 | €24,687 | -€206,561 | -89.3% |
| Recurring financial income | 75 | €231,248 | €24,687 | -€206,561 | -89.3% |
| Other financial income | 752/9 | €231,248 | - | -€231,248 | |
| Financial charges | 65/66B | €170,201 | €463,826 | +€293,625 | +172.5% |
| Recurring financial charges | 65 | €170,201 | €463,826 | +€293,625 | +172.5% |
| Debt charges | 650 | €166,818 | - | -€166,818 | |
| Other financial charges | 652/9 | €3,383 | - | -€3,383 | |
| Profit (loss) for the period before taxes | 9903 | -€1,781,391 | -€2,033,946 | -€252,556 | -14.2% |
| Income taxes | 67/77 | - | €5,537 | +€5,537 | |
| Profit (loss) for the period | 9904 | -€1,781,391 | -€2,039,483 | -€258,092 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,781,391 | -€2,039,483 | -€258,092 | -14.5% |
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 29 September 2026 via checked.be.