Azalea Studio: 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.
Azalea Studio
Largest movements
- Cash +€13,734
up €13,734 (+104.2%), from €13,182 to €26,916
mainly Net result for the year (+€13,850) and Tax, wage and social debts (+€8,042)
- Tangible fixed assets -€4,613
down €4,613 (-22.0%), from €20,959 to €16,347
of which Furniture and vehicles: -€3,605
- Profit (loss) carried forward +€13,850
up €13,850 (+782.8%), from €1,769 to €15,619
- Tax, wage and social debts +€8,042
up €8,042 (+1104.4%), from €728 to €8,770
- Debts after one year -€7,418
down €7,418 (-100.0%), from €7,418 to €0
- Trade debts -€4,025
down €4,025 (-74.1%), from €5,429 to €1,404
- Other debts -€1,899
down €1,899 (-13.4%), from €14,137 to €12,238
- Gross operating margin +€19,581
up €19,581 (+317.8%), from €6,161 to €25,742
- Depreciation +€3,424
up €3,424 (+287.9%), from €1,189 to €4,613
- Taxes +€3,357
up €3,357 (+461.1%), from €728 to €4,086
- Financial charges +€1,137
up €1,137 (+71.4%), from €1,593 to €2,730
- Other operating charges -€306
down €306 (-34.6%), from €886 to €580
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,991 | €49,868 | +€8,877 | +21.7% |
| Fixed assets | 21/28 | €24,039 | €19,427 | -€4,613 | -19.2% |
| Tangible fixed assets | 22/27 | €20,959 | €16,347 | -€4,613 | -22.0% |
| Plant, machinery and equipment | 23 | €4,783 | €3,776 | -€1,007 | -21.1% |
| Furniture and vehicles | 24 | €16,176 | €12,571 | -€3,605 | -22.3% |
| Financial fixed assets | 28 | €3,080 | €3,080 | = | 0.0% |
| Current assets | 29/58 | €16,952 | €30,441 | +€13,490 | +79.6% |
| Amounts receivable within one year | 40/41 | €3,472 | €3,452 | -€20 | -0.6% |
| Trade receivables | 40 | €2,304 | €3,013 | +€709 | +30.8% |
| Other amounts receivable | 41 | €1,168 | €439 | -€729 | -62.4% |
| Cash at bank and in hand | 54/58 | €13,182 | €26,916 | +€13,734 | +104.2% |
| Deferred charges and accrued income | 490/1 | €297 | €73 | -€224 | -75.4% |
| Total equity and liabilities | 10/49 | €40,991 | €49,868 | +€8,877 | +21.7% |
| Equity | 10/15 | €4,769 | €18,619 | +€13,850 | +290.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,769 | €15,619 | +€13,850 | +782.8% |
| Amounts payable | 17/49 | €36,221 | €31,249 | -€4,973 | -13.7% |
| Amounts payable after more than one year | 17 | €7,418 | €0 | -€7,418 | -100.0% |
| Financial debts | 170/4 | €7,418 | €0 | -€7,418 | -100.0% |
| Amounts payable within one year | 42/48 | €27,673 | €30,100 | +€2,426 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €7,379 | €7,688 | +€309 | +4.2% |
| Trade debts | 44 | €5,429 | €1,404 | -€4,025 | -74.1% |
| Suppliers | 440/4 | €5,429 | €1,404 | -€4,025 | -74.1% |
| Taxes, remuneration and social security | 45 | €728 | €8,770 | +€8,042 | +1104.4% |
| Taxes | 450/3 | €728 | €8,770 | +€8,042 | +1104.4% |
| Other amounts payable | 47/48 | €14,137 | €12,238 | -€1,899 | -13.4% |
| Accrued charges and deferred income | 492/3 | €1,130 | €1,149 | +€19 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,189 | €4,613 | +€3,424 | +287.9% |
| Other operating charges | 640/8 | €886 | €580 | -€306 | -34.6% |
| Gross operating margin | 9900 | €6,161 | €25,742 | +€19,581 | +317.8% |
| Operating profit (loss) | 9901 | €4,086 | €20,550 | +€16,464 | +403.0% |
| Financial income | 75/76B | €5 | €116 | +€111 | +2213.4% |
| Recurring financial income | 75 | €5 | €116 | +€111 | +2213.4% |
| Financial charges | 65/66B | €1,593 | €2,730 | +€1,137 | +71.4% |
| Recurring financial charges | 65 | €1,593 | €2,730 | +€1,137 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €2,497 | €17,935 | +€15,438 | +618.1% |
| Income taxes | 67/77 | €728 | €4,086 | +€3,357 | +461.1% |
| Profit (loss) for the period | 9904 | €1,769 | €13,850 | +€12,081 | +682.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,769 | €13,850 | +€12,081 | +682.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.