AZURTIS: 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.
AZURTIS
Largest movements
- Receivables within one year -€409,117
down €409,117 (-24.4%), from €1.7m to €1.3m
of which Trade receivables: -€466,448
- Cash +€273,952
up €273,952 (+956%), from €28,666 to €302,618
mainly Accrued charges and deferred income (+€415,553) and Receivables within one year (+€409,117)
- Tangible fixed assets +€98,430
up €98,430 (+61.6%), from €159,853 to €258,282
of which Furniture and vehicles: +€186,648
- Deferred charges and accrued income -€71,433
down €71,433 (-24.2%), from €295,504 to €224,071
- Trade debts -€423,494
down €423,494 (-49.0%), from €864,540 to €441,046
- Accrued charges and deferred income +€415,553
up €415,553 (+378%), from €109,953 to €525,506
- Current portion of long-term debt -€89,959
down €89,959 (-48.3%), from €186,303 to €96,344
- Gross operating margin -€32,302
down €32,302 (-21.7%), from €148,644 to €116,341
- Depreciation +€9,972
up €9,972 (+68.6%), from €14,540 to €24,512
- Financial charges +€9,901
up €9,901 (+45.3%), from €21,848 to €31,749
- Taxes -€9,027
down €9,027 (-41.2%), from €21,901 to €12,873
- Other operating charges +€8,684
up €8,684 (+403%), from €2,155 to €10,840
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 | €2,167,240 | €2,051,611 | -€115,630 | -5.3% |
| Fixed assets | 21/28 | €159,853 | €258,282 | +€98,430 | +61.6% |
| Tangible fixed assets | 22/27 | €159,853 | €258,282 | +€98,430 | +61.6% |
| Furniture and vehicles | 24 | €9,725 | €196,373 | +€186,648 | +1,919% |
| Other tangible fixed assets | 26 | €150,128 | €61,910 | -€88,218 | -58.8% |
| Current assets | 29/58 | €2,007,388 | €1,793,328 | -€214,059 | -10.7% |
| Stocks and contracts in progress | 3 | €7,462 | €0 | -€7,462 | -100% |
| Stocks | 30/36 | €7,462 | €0 | -€7,462 | -100% |
| Amounts receivable within one year | 40/41 | €1,675,756 | €1,266,639 | -€409,117 | -24.4% |
| Trade receivables | 40 | €1,659,712 | €1,193,263 | -€466,448 | -28.1% |
| Other amounts receivable | 41 | €16,044 | €73,376 | +€57,332 | +357% |
| Cash at bank and in hand | 54/58 | €28,666 | €302,618 | +€273,952 | +956% |
| Deferred charges and accrued income | 490/1 | €295,504 | €224,071 | -€71,433 | -24.2% |
| Total equity and liabilities | 10/49 | €2,167,240 | €2,051,611 | -€115,630 | -5.3% |
| Equity | 10/15 | €806,144 | €808,009 | +€1,866 | +0.2% |
| Contributions | 10/11 | €118,050 | €118,050 | = | 0.0% |
| Capital | 10 | €118,050 | €118,050 | = | 0.0% |
| Issued capital | 100 | €118,050 | €118,050 | = | 0.0% |
| Reserves | 13 | €11,805 | €11,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,805 | €11,805 | = | 0.0% |
| Legal reserve | 130 | €11,805 | €11,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | €676,289 | €678,154 | +€1,866 | +0.3% |
| Provisions and deferred taxes | 16 | €75,000 | €75,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €75,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,286,097 | €1,168,601 | -€117,495 | -9.1% |
| Amounts payable after more than one year | 17 | €72,339 | €82,211 | +€9,872 | +13.6% |
| Financial debts | 170/4 | €72,339 | €82,211 | +€9,872 | +13.6% |
| Amounts payable within one year | 42/48 | €1,103,805 | €560,884 | -€542,921 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €186,303 | €96,344 | -€89,959 | -48.3% |
| Trade debts | 44 | €864,540 | €441,046 | -€423,494 | -49.0% |
| Suppliers | 440/4 | €864,540 | €441,046 | -€423,494 | -49.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €43,911 | €23,494 | -€20,417 | -46.5% |
| Taxes | 450/3 | €36,717 | €23,494 | -€13,223 | -36.0% |
| Remuneration and social security | 454/9 | €7,194 | €0 | -€7,194 | -100% |
| Other amounts payable | 47/48 | €9,051 | €0 | -€9,051 | -100% |
| Accrued charges and deferred income | 492/3 | €109,953 | €525,506 | +€415,553 | +378% |
| Remuneration, social security and pensions | 62 | €43,572 | €37,846 | -€5,727 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,540 | €24,512 | +€9,972 | +68.6% |
| Other operating charges | 640/8 | €2,155 | €10,840 | +€8,684 | +403% |
| Gross operating margin | 9900 | €148,644 | €116,341 | -€32,302 | -21.7% |
| Operating profit (loss) | 9901 | €88,376 | €43,144 | -€45,232 | -51.2% |
| Financial income | 75/76B | €1,743 | €3,344 | +€1,601 | +91.8% |
| Recurring financial income | 75 | €1,743 | €3,344 | +€1,601 | +91.8% |
| Financial charges | 65/66B | €21,848 | €31,749 | +€9,901 | +45.3% |
| Recurring financial charges | 65 | €21,848 | €31,749 | +€9,901 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €68,272 | €14,739 | -€53,533 | -78.4% |
| Income taxes | 67/77 | €21,901 | €12,873 | -€9,027 | -41.2% |
| Profit (loss) for the period | 9904 | €46,371 | €1,866 | -€44,505 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,371 | €1,866 | -€44,505 | -96.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.