AZUROM: what changed
Two fiscal 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.
AZUROM
Largest movements
- Tangible fixed assets -€28,561
down €28,561 (-3.7%), from €780,080 to €751,519
- Profit (loss) carried forward -€40,922
down €40,922 (-4718.0%), from -€867 to -€41,789
- Depreciation +€1,069
up €1,069 (+3.9%), from €27,492 to €28,561
- Gross operating margin -€302
down €302 (-3.5%), from -€8,675 to -€8,977
- Financial charges +€236
up €236 (+154.0%), from €153 to €389
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 | €842,169 | €803,173 | -€38,996 | -4.6% |
| Fixed assets | 21/28 | €824,701 | €796,140 | -€28,561 | -3.5% |
| Tangible fixed assets | 22/27 | €780,080 | €751,519 | -€28,561 | -3.7% |
| Land and buildings | 22 | €780,080 | €751,519 | -€28,561 | -3.7% |
| Financial fixed assets | 28 | €44,621 | €44,621 | = | 0.0% |
| Current assets | 29/58 | €17,468 | €7,033 | -€10,435 | -59.7% |
| Amounts receivable within one year | 40/41 | €4,934 | €0 | -€4,934 | -100.0% |
| Trade receivables | 40 | €4,934 | €0 | -€4,934 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,004 | €5,382 | -€5,623 | -51.1% |
| Deferred charges and accrued income | 490/1 | €1,529 | €1,651 | +€122 | +8.0% |
| Total equity and liabilities | 10/49 | €842,169 | €803,173 | -€38,996 | -4.6% |
| Equity | 10/15 | €18,133 | -€22,789 | -€40,922 | |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€867 | -€41,789 | -€40,922 | -4718.0% |
| Amounts payable | 17/49 | €824,036 | €825,962 | +€1,926 | +0.2% |
| Amounts payable within one year | 42/48 | €824,036 | €824,871 | +€835 | +0.1% |
| Trade debts | 44 | €3,536 | €871 | -€2,665 | -75.4% |
| Suppliers | 440/4 | €3,536 | €871 | -€2,665 | -75.4% |
| Other amounts payable | 47/48 | €820,500 | €824,000 | +€3,500 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €1,091 | +€1,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,492 | €28,561 | +€1,069 | +3.9% |
| Other operating charges | 640/8 | €2,935 | €2,995 | +€60 | +2.0% |
| Gross operating margin | 9900 | -€8,675 | -€8,977 | -€302 | -3.5% |
| Operating profit (loss) | 9901 | -€39,102 | -€40,533 | -€1,431 | -3.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €153 | €389 | +€236 | +154.0% |
| Recurring financial charges | 65 | €153 | €389 | +€236 | +154.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,255 | -€40,922 | -€1,667 | -4.2% |
| Profit (loss) for the period | 9904 | -€39,255 | -€40,922 | -€1,667 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,255 | -€40,922 | -€1,667 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.