AZUR SHOP: 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 SHOP
Largest movements
- Receivables within one year +€25,795
up €25,795 (+117%), from €22,138 to €47,933
of which Trade receivables: +€26,237
- Tangible fixed assets -€14,951
down €14,951 (-10.2%), from €146,510 to €131,558
of which Plant, machinery and equipment: -€14,229
- Trade debts +€23,508
up €23,508 (+263%), from €8,938 to €32,446
- Profit (loss) carried forward -€13,245
down €13,245 (-23.0%), from -€57,609 to -€70,853
- Debts after one year -€11,236
down €11,236 (-7.9%), from €142,214 to €130,978
- Tax, wage and social debts +€8,888
up €8,888 (+37.7%), from €23,558 to €32,446
of which Remuneration and social security: +€4,722
- Short-term financial debts +€3,866
up €3,866 (+126%), from €3,058 to €6,924
- Gross operating margin +€73,203
up €73,203, from -€14,258 to €58,945
- Staff costs +€13,578
up €13,578 (+62.7%), from €21,648 to €35,226
- Taxes +€11,122
up €11,122 (+3,154%), from €353 to €11,474
- Depreciation +€2,444
up €2,444 (+19.5%), from €12,508 to €14,951
- Financial charges +€1,443
up €1,443 (+14.9%), from €9,663 to €11,106
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 | €182,467 | €194,725 | +€12,258 | +6.7% |
| Fixed assets | 21/28 | €156,760 | €141,808 | -€14,951 | -9.5% |
| Tangible fixed assets | 22/27 | €146,510 | €131,558 | -€14,951 | -10.2% |
| Plant, machinery and equipment | 23 | €143,465 | €129,237 | -€14,229 | -9.9% |
| Furniture and vehicles | 24 | €3,044 | €2,322 | -€723 | -23.7% |
| Financial fixed assets | 28 | €10,250 | €10,250 | = | 0.0% |
| Current assets | 29/58 | €25,707 | €52,917 | +€27,210 | +106% |
| Stocks and contracts in progress | 3 | €2,159 | €2,123 | -€35 | -1.6% |
| Stocks | 30/36 | €2,159 | €2,123 | -€35 | -1.6% |
| Amounts receivable within one year | 40/41 | €22,138 | €47,933 | +€25,795 | +117% |
| Trade receivables | 40 | €20,074 | €46,311 | +€26,237 | +131% |
| Other amounts receivable | 41 | €2,064 | €1,622 | -€442 | -21.4% |
| Cash at bank and in hand | 54/58 | €1,091 | €2,278 | +€1,187 | +109% |
| Deferred charges and accrued income | 490/1 | €319 | €582 | +€263 | +82.5% |
| Total equity and liabilities | 10/49 | €182,467 | €194,725 | +€12,258 | +6.7% |
| Equity | 10/15 | -€24,696 | -€39,065 | -€14,369 | -58.2% |
| Contributions | 10/11 | €6,333 | €6,333 | = | 0.0% |
| Reserves | 13 | €26,579 | €25,455 | -€1,124 | -4.2% |
| Tax-exempt reserves | 132 | €26,579 | €25,455 | -€1,124 | -4.2% |
| Profit (loss) carried forward | 14 | -€57,609 | -€70,853 | -€13,245 | -23.0% |
| Provisions and deferred taxes | 16 | €6,645 | €6,364 | -€281 | -4.2% |
| Deferred taxes | 168 | €6,645 | €6,364 | -€281 | -4.2% |
| Amounts payable | 17/49 | €200,518 | €227,426 | +€26,908 | +13.4% |
| Amounts payable after more than one year | 17 | €142,214 | €130,978 | -€11,236 | -7.9% |
| Financial debts | 170/4 | €142,214 | €130,978 | -€11,236 | -7.9% |
| Amounts payable within one year | 42/48 | €58,304 | €96,448 | +€38,144 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €10,345 | €11,236 | +€891 | +8.6% |
| Financial debts | 43 | €3,058 | €6,924 | +€3,866 | +126% |
| Credit institutions | 430/8 | €3,058 | €6,924 | +€3,866 | +126% |
| Trade debts | 44 | €8,938 | €32,446 | +€23,508 | +263% |
| Suppliers | 440/4 | €8,938 | €32,446 | +€23,508 | +263% |
| Taxes, remuneration and social security | 45 | €23,558 | €32,446 | +€8,888 | +37.7% |
| Taxes | 450/3 | €19,645 | €23,810 | +€4,166 | +21.2% |
| Remuneration and social security | 454/9 | €3,913 | €8,635 | +€4,722 | +121% |
| Other amounts payable | 47/48 | €12,406 | €13,397 | +€991 | +8.0% |
| Remuneration, social security and pensions | 62 | €21,648 | €35,226 | +€13,578 | +62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,508 | €14,951 | +€2,444 | +19.5% |
| Other operating charges | 640/8 | €1,355 | €759 | -€597 | -44.0% |
| Non-recurring operating charges | 66A | €4,844 | €247 | -€4,598 | -94.9% |
| Gross operating margin | 9900 | -€14,258 | €58,945 | +€73,203 | |
| Operating profit (loss) | 9901 | -€54,613 | €7,762 | +€62,376 | |
| Financial income | 75/76B | €83 | €169 | +€85 | +103% |
| Recurring financial income | 75 | €83 | €169 | +€85 | +103% |
| Financial charges | 65/66B | €9,663 | €11,106 | +€1,443 | +14.9% |
| Recurring financial charges | 65 | €9,663 | €11,106 | +€1,443 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,193 | -€3,175 | +€61,018 | +95.1% |
| Transfer from deferred taxes | 780 | €281 | €281 | = | 0.0% |
| Income taxes | 67/77 | €353 | €11,474 | +€11,122 | +3,154% |
| Profit (loss) for the period | 9904 | -€64,265 | -€14,369 | +€49,896 | +77.6% |
| Transfer from tax-exempt reserves | 789 | €1,124 | €1,124 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,141 | -€13,245 | +€49,896 | +79.0% |
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 17 October 2026 via checked.be.