Côté Azure: 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.
Côté Azure
Largest movements
- Cash -€19,137
down €19,137 (-71.8%), from €26,636 to €7,498
mainly Investment in fixed assets (net) (-€18,000) and Net result for the year (-€9,489)
- Intangible fixed assets +€16,475
new in 2024: €16,475
- Receivables within one year +€4,661
up €4,661 (+110%), from €4,241 to €8,902
of which Trade receivables: +€4,607
- Stocks and contracts +€805
up €805 (+38.3%), from €2,105 to €2,910
- Tangible fixed assets -€498
down €498 (-16.3%), from €3,065 to €2,566
- Trade debts +€15,261
up €15,261 (+747%), from €2,042 to €17,303
- Profit (loss) carried forward -€9,489
down €9,489 (-49.1%), from -€19,331 to -€28,820
- Current portion of long-term debt -€2,904
down €2,904 (-66.0%), from €4,398 to €1,494
- Debts after one year -€1,494
no longer reported in 2024 (was €1,494)
- Tax, wage and social debts +€1,089
up €1,089 (+12.0%), from €9,087 to €10,176
of which Remuneration and social security: +€2,286
- Gross operating margin +€18,451
up €18,451 (+155%), from €11,903 to €30,354
- Staff costs +€11,370
up €11,370 (+46.9%), from €24,258 to €35,628
- Depreciation -€4,036
down €4,036 (-66.6%), from €6,058 to €2,023
- Other operating charges +€709
up €709 (+109%), from €653 to €1,363
- Financial charges +€346
up €346 (+80.6%), from €429 to €775
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 | €36,306 | €38,612 | +€2,306 | +6.4% |
| Fixed assets | 21/28 | €3,325 | €19,302 | +€15,977 | +481% |
| Intangible fixed assets | 21 | - | €16,475 | +€16,475 | |
| Tangible fixed assets | 22/27 | €3,065 | €2,566 | -€498 | -16.3% |
| Furniture and vehicles | 24 | €3,065 | €2,566 | -€498 | -16.3% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €32,981 | €19,310 | -€13,671 | -41.5% |
| Stocks and contracts in progress | 3 | €2,105 | €2,910 | +€805 | +38.3% |
| Stocks | 30/36 | €2,105 | €2,910 | +€805 | +38.3% |
| Amounts receivable within one year | 40/41 | €4,241 | €8,902 | +€4,661 | +110% |
| Trade receivables | 40 | €3,630 | €8,237 | +€4,607 | +127% |
| Other amounts receivable | 41 | €611 | €664 | +€54 | +8.8% |
| Cash at bank and in hand | 54/58 | €26,636 | €7,498 | -€19,137 | -71.8% |
| Total equity and liabilities | 10/49 | €36,306 | €38,612 | +€2,306 | +6.4% |
| Equity | 10/15 | -€563 | -€10,052 | -€9,489 | -1,684% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168 | €168 | = | 0.0% |
| Non-distributable reserves | 130/1 | €168 | €168 | = | 0.0% |
| Reserves not available under the articles | 1311 | €168 | €168 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,331 | -€28,820 | -€9,489 | -49.1% |
| Amounts payable | 17/49 | €36,869 | €48,664 | +€11,795 | +32.0% |
| Amounts payable after more than one year | 17 | €1,494 | - | -€1,494 | |
| Financial debts | 170/4 | €1,494 | - | -€1,494 | |
| Amounts payable within one year | 42/48 | €35,328 | €48,615 | +€13,287 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €4,398 | €1,494 | -€2,904 | -66.0% |
| Trade debts | 44 | €2,042 | €17,303 | +€15,261 | +747% |
| Suppliers | 440/4 | €2,042 | €17,303 | +€15,261 | +747% |
| Taxes, remuneration and social security | 45 | €9,087 | €10,176 | +€1,089 | +12.0% |
| Taxes | 450/3 | €3,562 | €2,365 | -€1,198 | -33.6% |
| Remuneration and social security | 454/9 | €5,525 | €7,811 | +€2,286 | +41.4% |
| Other amounts payable | 47/48 | €19,800 | €19,642 | -€158 | -0.8% |
| Accrued charges and deferred income | 492/3 | €48 | €49 | +€2 | +3.4% |
| Remuneration, social security and pensions | 62 | €24,258 | €35,628 | +€11,370 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,058 | €2,023 | -€4,036 | -66.6% |
| Other operating charges | 640/8 | €653 | €1,363 | +€709 | +109% |
| Gross operating margin | 9900 | €11,903 | €30,354 | +€18,451 | +155% |
| Operating profit (loss) | 9901 | -€19,066 | -€8,660 | +€10,407 | +54.6% |
| Financial income | 75/76B | €137 | €87 | -€50 | -36.2% |
| Recurring financial income | 75 | €137 | €87 | -€50 | -36.2% |
| Financial charges | 65/66B | €429 | €775 | +€346 | +80.6% |
| Recurring financial charges | 65 | €429 | €775 | +€346 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,358 | -€9,347 | +€10,011 | +51.7% |
| Income taxes | 67/77 | €145 | €142 | -€3 | -2.2% |
| Profit (loss) for the period | 9904 | -€19,503 | -€9,489 | +€10,015 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,503 | -€9,489 | +€10,015 | +51.3% |
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 15 October 2026 via checked.be.