AZUR CONSULTING: 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.
AZUR CONSULTING
Largest movements
- Stocks and contracts +€45,589
up €45,589 (+163%), from €28,020 to €73,610
- Cash +€37,515
up €37,515 (+61.7%), from €60,838 to €98,353
mainly Other debts (+€51,265) and Debts after one year (+€35,026)
- Tangible fixed assets -€8,777
down €8,777 (-26.0%), from €33,786 to €25,010
of which Furniture and vehicles: -€8,029
- Receivables within one year +€4,670
up €4,670 (+19.3%), from €24,206 to €28,877
of which Other amounts receivable: +€3,571
- Deferred charges and accrued income +€2,809
up €2,809 (+113%), from €2,476 to €5,285
- Other debts +€51,265
up €51,265 (+113%), from €45,238 to €96,502
- Debts after one year +€35,026
new in 2025: €35,026
- Profit (loss) carried forward -€22,342
down €22,342 (-75.0%), from €29,802 to €7,461
- Current portion of long-term debt +€12,500
new in 2025: €12,500
- Tax, wage and social debts +€6,479
up €6,479 (+28.0%), from €23,124 to €29,603
of which Remuneration and social security: +€7,515
- Gross operating margin -€30,563
down €30,563 (-47.8%), from €63,967 to €33,404
- Staff costs +€5,280
up €5,280 (+17.7%), from €29,884 to €35,164
- Financial charges +€2,663
up €2,663 (+64.4%), from €4,134 to €6,797
- Depreciation -€2,045
down €2,045 (-15.1%), from €13,519 to €11,474
- Other operating charges -€1,636
down €1,636 (-39.6%), from €4,134 to €2,498
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 | €149,327 | €231,134 | +€81,807 | +54.8% |
| Fixed assets | 21/28 | €33,786 | €25,010 | -€8,777 | -26.0% |
| Tangible fixed assets | 22/27 | €33,786 | €25,010 | -€8,777 | -26.0% |
| Furniture and vehicles | 24 | €28,861 | €20,832 | -€8,029 | -27.8% |
| Other tangible fixed assets | 26 | €4,926 | €4,178 | -€748 | -15.2% |
| Current assets | 29/58 | €115,540 | €206,124 | +€90,584 | +78.4% |
| Stocks and contracts in progress | 3 | €28,020 | €73,610 | +€45,589 | +163% |
| Stocks | 30/36 | €28,020 | €73,610 | +€45,589 | +163% |
| Amounts receivable within one year | 40/41 | €24,206 | €28,877 | +€4,670 | +19.3% |
| Trade receivables | 40 | €24,206 | €25,305 | +€1,099 | +4.5% |
| Other amounts receivable | 41 | - | €3,571 | +€3,571 | |
| Cash at bank and in hand | 54/58 | €60,838 | €98,353 | +€37,515 | +61.7% |
| Deferred charges and accrued income | 490/1 | €2,476 | €5,285 | +€2,809 | +113% |
| Total equity and liabilities | 10/49 | €149,327 | €231,134 | +€81,807 | +54.8% |
| Equity | 10/15 | €36,902 | €14,561 | -€22,342 | -60.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,100 | €6,100 | = | 0.0% |
| Distributable reserves | 133 | €6,100 | €6,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,802 | €7,461 | -€22,342 | -75.0% |
| Amounts payable | 17/49 | €112,424 | €216,573 | +€104,149 | +92.6% |
| Amounts payable after more than one year | 17 | - | €35,026 | +€35,026 | |
| Financial debts | 170/4 | - | €35,026 | +€35,026 | |
| Amounts payable within one year | 42/48 | €110,268 | €177,709 | +€67,441 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,500 | +€12,500 | |
| Trade debts | 44 | €41,906 | €39,104 | -€2,803 | -6.7% |
| Suppliers | 440/4 | €41,906 | €39,104 | -€2,803 | -6.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,124 | €29,603 | +€6,479 | +28.0% |
| Taxes | 450/3 | €18,553 | €17,518 | -€1,036 | -5.6% |
| Remuneration and social security | 454/9 | €4,570 | €12,086 | +€7,515 | +164% |
| Other amounts payable | 47/48 | €45,238 | €96,502 | +€51,265 | +113% |
| Accrued charges and deferred income | 492/3 | €2,157 | €3,838 | +€1,682 | +78.0% |
| Remuneration, social security and pensions | 62 | €29,884 | €35,164 | +€5,280 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,519 | €11,474 | -€2,045 | -15.1% |
| Other operating charges | 640/8 | €4,134 | €2,498 | -€1,636 | -39.6% |
| Gross operating margin | 9900 | €63,967 | €33,404 | -€30,563 | -47.8% |
| Operating profit (loss) | 9901 | €16,430 | -€15,733 | -€32,162 | |
| Financial income | 75/76B | €347 | €388 | +€41 | +11.8% |
| Recurring financial income | 75 | €347 | €388 | +€41 | +11.8% |
| Financial charges | 65/66B | €4,134 | €6,797 | +€2,663 | +64.4% |
| Recurring financial charges | 65 | €4,134 | €6,797 | +€2,663 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €12,643 | -€22,141 | -€34,784 | |
| Income taxes | 67/77 | €217 | €200 | -€16 | -7.5% |
| Profit (loss) for the period | 9904 | €12,426 | -€22,342 | -€34,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,426 | -€22,342 | -€34,768 |
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 29 October 2026 via checked.be.