AZURGRAPHIC: 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.
AZURGRAPHIC
Largest movements
- Cash +€4,162
up €4,162 (+271.9%), from €1,531 to €5,693
mainly Net result for the year (+€17,527) and Tax, wage and social debts (+€7,091)
- Receivables within one year +€3,490
up €3,490 (+23.0%), from €15,165 to €18,654
- Tangible fixed assets +€846
up €846 (+41.2%), from €2,054 to €2,900
of which Plant, machinery and equipment: +€2,344
- Other debts -€14,500
down €14,500 (-78.4%), from €18,500 to €4,000
- Reserves +€13,500
up €13,500 (+725.8%), from €1,860 to €15,360
of which Distributable reserves: +€13,500
- Tax, wage and social debts +€7,091
up €7,091 (+191.7%), from €3,700 to €10,791
- Trade debts +€2,380
up €2,380 (+352.3%), from €676 to €3,056
- Taxes +€6,285
up €6,285 (+627.9%), from €1,001 to €7,286
- Gross operating margin +€4,503
up €4,503 (+19.4%), from €23,199 to €27,701
- Financial charges -€360
down €360 (-29.3%), from €1,230 to €870
of which Financial charges: -€320
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 | €30,973 | €39,471 | +€8,498 | +27.4% |
| Fixed assets | 21/28 | €2,054 | €2,900 | +€846 | +41.2% |
| Tangible fixed assets | 22/27 | €2,054 | €2,900 | +€846 | +41.2% |
| Plant, machinery and equipment | 23 | - | €2,344 | +€2,344 | |
| Furniture and vehicles | 24 | €2,054 | €556 | -€1,498 | -73.0% |
| Current assets | 29/58 | €28,919 | €36,571 | +€7,652 | +26.5% |
| Amounts receivable after more than one year | 29 | €12,223 | €12,223 | = | 0.0% |
| Other amounts receivable | 291 | €12,223 | €12,223 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,165 | €18,654 | +€3,490 | +23.0% |
| Trade receivables | 40 | €15,165 | €18,654 | +€3,490 | +23.0% |
| Cash at bank and in hand | 54/58 | €1,531 | €5,693 | +€4,162 | +271.9% |
| Total equity and liabilities | 10/49 | €30,973 | €39,471 | +€8,498 | +27.4% |
| Equity | 10/15 | €8,097 | €21,624 | +€13,527 | +167.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,360 | +€13,500 | +725.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €13,500 | +€13,500 | |
| Profit (loss) carried forward | 14 | €37 | €64 | +€27 | +72.6% |
| Amounts payable | 17/49 | €22,875 | €17,847 | -€5,029 | -22.0% |
| Amounts payable within one year | 42/48 | €22,875 | €17,847 | -€5,029 | -22.0% |
| Trade debts | 44 | €676 | €3,056 | +€2,380 | +352.3% |
| Suppliers | 440/4 | €676 | €3,056 | +€2,380 | +352.3% |
| Taxes, remuneration and social security | 45 | €3,700 | €10,791 | +€7,091 | +191.7% |
| Taxes | 450/3 | €3,700 | €10,791 | +€7,091 | +191.7% |
| Other amounts payable | 47/48 | €18,500 | €4,000 | -€14,500 | -78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €1,353 | -€35 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €266 | +€266 | |
| Other operating charges | 640/8 | €450 | €400 | -€51 | -11.2% |
| Gross operating margin | 9900 | €23,199 | €27,701 | +€4,503 | +19.4% |
| Operating profit (loss) | 9901 | €21,360 | €25,682 | +€4,322 | +20.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,230 | €870 | -€360 | -29.3% |
| Recurring financial charges | 65 | €1,190 | €870 | -€320 | -26.9% |
| Non-recurring financial charges | 66B | €40 | - | -€40 | |
| Profit (loss) for the period before taxes | 9903 | €20,130 | €24,813 | +€4,682 | +23.3% |
| Income taxes | 67/77 | €1,001 | €7,286 | +€6,285 | +627.9% |
| Profit (loss) for the period | 9904 | €19,129 | €17,527 | -€1,602 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,129 | €17,527 | -€1,602 | -8.4% |
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 9 October 2026 via checked.be.