AZUL SOLUTIONS: 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.
AZUL SOLUTIONS
Largest movements
- Cash +€42,053
up €42,053 (+28.8%), from €145,859 to €187,912
mainly Net result for the year (+€245,565) and Other debts (+€125,214)
- Receivables within one year +€41,527
up €41,527 (+123%), from €33,871 to €75,398
- Other debts +€125,214
up €125,214 (+121%), from €103,814 to €229,028
- Tax, wage and social debts -€38,740
down €38,740 (-84.4%), from €45,886 to €7,146
- Reserves -€4,435
down €4,435 (-82.1%), from €5,401 to €966
- Gross operating margin +€159,244
up €159,244 (+96.1%), from €165,715 to €324,959
- Taxes +€37,796
up €37,796 (+94.6%), from €39,955 to €77,751
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.
Derived cash bridge
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 | €182,679 | €267,026 | +€84,347 | +46.2% |
| Fixed assets | 21/28 | €2,563 | €2,871 | +€307 | +12.0% |
| Intangible fixed assets | 21 | €999 | €749 | -€250 | -25.0% |
| Tangible fixed assets | 22/27 | €1,514 | €2,071 | +€557 | +36.8% |
| Furniture and vehicles | 24 | €1,514 | €2,071 | +€557 | +36.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €180,116 | €264,155 | +€84,040 | +46.7% |
| Amounts receivable within one year | 40/41 | €33,871 | €75,398 | +€41,527 | +123% |
| Trade receivables | 40 | €33,871 | €75,398 | +€41,527 | +123% |
| Cash at bank and in hand | 54/58 | €145,859 | €187,912 | +€42,053 | +28.8% |
| Deferred charges and accrued income | 490/1 | €386 | €845 | +€460 | +119% |
| Total equity and liabilities | 10/49 | €182,679 | €267,026 | +€84,347 | +46.2% |
| Equity | 10/15 | €24,001 | €19,566 | -€4,435 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,401 | €966 | -€4,435 | -82.1% |
| Distributable reserves | 133 | €5,401 | €966 | -€4,435 | -82.1% |
| Amounts payable | 17/49 | €158,678 | €247,460 | +€88,782 | +56.0% |
| Amounts payable within one year | 42/48 | €158,678 | €247,460 | +€88,782 | +56.0% |
| Trade debts | 44 | €8,978 | €11,286 | +€2,309 | +25.7% |
| Suppliers | 440/4 | €8,978 | €11,286 | +€2,309 | +25.7% |
| Taxes, remuneration and social security | 45 | €45,886 | €7,146 | -€38,740 | -84.4% |
| Taxes | 450/3 | €45,886 | €7,146 | -€38,740 | -84.4% |
| Other amounts payable | 47/48 | €103,814 | €229,028 | +€125,214 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842 | €1,073 | +€231 | +27.4% |
| Other operating charges | 640/8 | €387 | €446 | +€58 | +15.1% |
| Gross operating margin | 9900 | €165,715 | €324,959 | +€159,244 | +96.1% |
| Operating profit (loss) | 9901 | €164,486 | €323,440 | +€158,955 | +96.6% |
| Financial income | 75/76B | €89 | €0 | -€89 | -100.0% |
| Recurring financial income | 75 | €89 | €0 | -€89 | -100.0% |
| Financial charges | 65/66B | €132 | €125 | -€7 | -5.5% |
| Recurring financial charges | 65 | €132 | €125 | -€7 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €164,442 | €323,316 | +€158,873 | +96.6% |
| Income taxes | 67/77 | €39,955 | €77,751 | +€37,796 | +94.6% |
| Profit (loss) for the period | 9904 | €124,487 | €245,565 | +€121,078 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,487 | €245,565 | +€121,078 | +97.3% |
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 15 October 2026 via checked.be.