Azuré Bleu: 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.
Azuré Bleu
Largest movements
- Intangible fixed assets +€508,562
new in 2025: €508,562
- Receivables within one year +€160,954
up €160,954 (+77.2%), from €208,392 to €369,346
of which Trade receivables: +€155,731
- Deferred charges and accrued income +€45,500
new in 2025: €45,500
- Cash +€41,191
up €41,191 (+34.8%), from €118,480 to €159,671
mainly Debts after one year (+€358,885) and Debts within one year (+€233,092)
- Tangible fixed assets +€13,475
up €13,475 (+63.0%), from €21,387 to €34,862
of which Plant, machinery and equipment: +€17,645
- Debts after one year +€358,885
up €358,885 (+18,299%), from €1,961 to €360,846
- Debts within one year +€233,092
up €233,092 (+91.0%), from €256,212 to €489,304
- Profit (loss) carried forward +€182,204
up €182,204 (+213%), from €85,711 to €267,915
- Gross operating margin +€980,640
up €980,640 (+69.2%), from €1.4m to €2.4m
- Staff costs +€812,225
up €812,225 (+60.6%), from €1.3m to €2.2m
- Depreciation +€42,513
up €42,513 (+600%), from €7,080 to €49,592
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 | €349,884 | €1,118,066 | +€768,182 | +220% |
| Fixed assets | 21/28 | €23,012 | €543,549 | +€520,537 | +2,262% |
| Intangible fixed assets | 21 | - | €508,562 | +€508,562 | |
| Tangible fixed assets | 22/27 | €21,387 | €34,862 | +€13,475 | +63.0% |
| Plant, machinery and equipment | 23 | €8,888 | €26,533 | +€17,645 | +199% |
| Furniture and vehicles | 24 | €12,499 | €8,329 | -€4,170 | -33.4% |
| Financial fixed assets | 28 | €1,625 | €125 | -€1,500 | -92.3% |
| Current assets | 29/58 | €326,872 | €574,517 | +€247,645 | +75.8% |
| Amounts receivable within one year | 40/41 | €208,392 | €369,346 | +€160,954 | +77.2% |
| Trade receivables | 40 | €204,796 | €360,527 | +€155,731 | +76.0% |
| Other amounts receivable | 41 | €3,596 | €8,819 | +€5,223 | +145% |
| Cash at bank and in hand | 54/58 | €118,480 | €159,671 | +€41,191 | +34.8% |
| Deferred charges and accrued income | 490/1 | - | €45,500 | +€45,500 | |
| Total equity and liabilities | 10/49 | €349,884 | €1,118,066 | +€768,182 | +220% |
| Equity | 10/15 | €85,711 | €267,915 | +€182,204 | +213% |
| Profit (loss) carried forward | 14 | €85,711 | €267,915 | +€182,204 | +213% |
| Amounts payable | 17/49 | €264,173 | €850,151 | +€585,977 | +222% |
| Amounts payable after more than one year | 17 | €1,961 | €360,846 | +€358,885 | +18,299% |
| Financial debts | 170/4 | €1,961 | €360,846 | +€358,885 | +18,299% |
| Amounts payable within one year | 42/48 | €256,212 | €489,304 | +€233,092 | +91.0% |
| Current portion of amounts payable after more than one year | 42 | €47,160 | €92,031 | +€44,871 | +95.1% |
| Trade debts | 44 | €94,965 | €176,991 | +€82,027 | +86.4% |
| Suppliers | 440/4 | €94,965 | €176,991 | +€82,027 | +86.4% |
| Advances received on contracts in progress | 46 | €200 | - | -€200 | |
| Taxes, remuneration and social security | 45 | €113,843 | €195,838 | +€81,995 | +72.0% |
| Remuneration and social security | 454/9 | €113,843 | €195,838 | +€81,995 | +72.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €1,340,037 | €2,152,262 | +€812,225 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,080 | €49,592 | +€42,513 | +600% |
| Other operating charges | 640/8 | €3,930 | €3,020 | -€910 | -23.2% |
| Gross operating margin | 9900 | €1,417,774 | €2,398,415 | +€980,640 | +69.2% |
| Operating profit (loss) | 9901 | €66,727 | €193,540 | +€126,813 | +190% |
| Financial income | 75/76B | €244 | €5,831 | +€5,587 | +2,293% |
| Recurring financial income | 75 | €244 | €5,831 | +€5,587 | +2,293% |
| Financial charges | 65/66B | €11,519 | €17,166 | +€5,648 | +49.0% |
| Recurring financial charges | 65 | €11,519 | €17,166 | +€5,648 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €55,453 | €182,205 | +€126,752 | +229% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €55,453 | €182,204 | +€126,752 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €55,453 | €182,204 | +€126,752 | +229% |
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 24 October 2026 via checked.be.