AZUUR TECHNICS: 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.
AZUUR TECHNICS
Largest movements
- Cash -€79,466
down €79,466 (-38.7%), from €205,270 to €125,804
mainly Receivables within one year (-€76,345) and Investment in fixed assets (net) (-€53,500)
- Receivables within one year +€76,345
up €76,345 (+417%), from €18,312 to €94,657
of which Trade receivables: +€66,015
- Tangible fixed assets -€7,308
down €7,308 (-3.9%), from €186,977 to €179,669
of which Plant, machinery and equipment: -€16,226
- Trade debts -€28,841
no longer reported in 2024 (was €28,841)
- Other debts +€27,859
up €27,859 (+18.1%), from €153,577 to €181,436
- Tax, wage and social debts -€25,998
down €25,998 (-83.0%), from €31,314 to €5,316
- Reserves +€11,604
up €11,604 (+5.9%), from €198,257 to €209,861
of which Distributable reserves: +€11,604
- Gross operating margin -€16,319
down €16,319 (-14.7%), from €111,023 to €94,704
- Taxes -€8,875
down €8,875 (-59.8%), from €14,837 to €5,962
- Financial charges +€5,877
up €5,877 (+69.7%), from €8,426 to €14,303
- Depreciation +€5,314
up €5,314 (+9.6%), from €55,494 to €60,808
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 | €458,112 | €446,802 | -€11,310 | -2.5% |
| Fixed assets | 21/28 | €186,977 | €179,669 | -€7,308 | -3.9% |
| Tangible fixed assets | 22/27 | €186,977 | €179,669 | -€7,308 | -3.9% |
| Plant, machinery and equipment | 23 | €49,843 | €33,617 | -€16,226 | -32.6% |
| Furniture and vehicles | 24 | €127,539 | €138,519 | +€10,980 | +8.6% |
| Other tangible fixed assets | 26 | €9,595 | €7,533 | -€2,062 | -21.5% |
| Current assets | 29/58 | €271,135 | €267,133 | -€4,002 | -1.5% |
| Stocks and contracts in progress | 3 | €44,424 | €44,080 | -€344 | -0.8% |
| Stocks | 30/36 | €44,424 | €44,080 | -€344 | -0.8% |
| Amounts receivable within one year | 40/41 | €18,312 | €94,657 | +€76,345 | +417% |
| Trade receivables | 40 | €15,520 | €81,535 | +€66,015 | +425% |
| Other amounts receivable | 41 | €2,792 | €13,122 | +€10,330 | +370% |
| Cash at bank and in hand | 54/58 | €205,270 | €125,804 | -€79,466 | -38.7% |
| Deferred charges and accrued income | 490/1 | €3,129 | €2,592 | -€537 | -17.2% |
| Total equity and liabilities | 10/49 | €458,112 | €446,802 | -€11,310 | -2.5% |
| Equity | 10/15 | €238,482 | €250,086 | +€11,604 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €198,257 | €209,861 | +€11,604 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €196,397 | €208,001 | +€11,604 | +5.9% |
| Profit (loss) carried forward | 14 | €34,025 | €34,025 | = | 0.0% |
| Amounts payable | 17/49 | €219,630 | €196,716 | -€22,914 | -10.4% |
| Amounts payable within one year | 42/48 | €213,732 | €186,752 | -€26,980 | -12.6% |
| Trade debts | 44 | €28,841 | - | -€28,841 | |
| Suppliers | 440/4 | €28,841 | - | -€28,841 | |
| Taxes, remuneration and social security | 45 | €31,314 | €5,316 | -€25,998 | -83.0% |
| Taxes | 450/3 | €31,314 | €5,316 | -€25,998 | -83.0% |
| Other amounts payable | 47/48 | €153,577 | €181,436 | +€27,859 | +18.1% |
| Accrued charges and deferred income | 492/3 | €5,898 | €9,964 | +€4,066 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,494 | €60,808 | +€5,314 | +9.6% |
| Other operating charges | 640/8 | €2,042 | €2,064 | +€22 | +1.1% |
| Gross operating margin | 9900 | €111,023 | €94,704 | -€16,319 | -14.7% |
| Operating profit (loss) | 9901 | €53,487 | €31,832 | -€21,655 | -40.5% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €8,426 | €14,303 | +€5,877 | +69.7% |
| Recurring financial charges | 65 | €8,426 | €14,303 | +€5,877 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €45,061 | €17,566 | -€27,495 | -61.0% |
| Income taxes | 67/77 | €14,837 | €5,962 | -€8,875 | -59.8% |
| Profit (loss) for the period | 9904 | €30,224 | €11,604 | -€18,620 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,224 | €11,604 | -€18,620 | -61.6% |
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 14 October 2026 via checked.be.