AZURYO MED: what changed
AZURYO MED
Largest movements
- Receivables within one year +€84,187
up €84,187 (+35.3%), from €238,490 to €322,677
of which Other amounts receivable: +€87,687
- Tangible fixed assets -€5,722
no longer reported in 2025 (was €5,722)
of which Furniture and vehicles: -€5,722
- Intangible fixed assets -€5,000
down €5,000 (-18.2%), from €27,467 to €22,467
- Cash -€4,334
down €4,334 (-92.4%), from €4,689 to €354
mainly Receivables within one year (-€84,187) and Trade debts (-€15,543)
- Profit (loss) carried forward +€73,624
new in 2025: €73,624
- Trade debts -€15,543
down €15,543 (-92.5%), from €16,807 to €1,264
- Tax, wage and social debts +€11,781
up €11,781 (+54.9%), from €21,440 to €33,221
of which Remuneration and social security: +€11,781
- Gross operating margin -€57,995
down €57,995 (-32.4%), from €179,257 to €121,262
- Financial charges -€19,210
down €19,210 (-86.1%), from €22,300 to €3,090
- Financial income -€12,312
down €12,312 (-100.0%), from €12,317 to €5
- Taxes -€9,767
down €9,767 (-23.6%), from €41,440 to €31,673
- Staff costs +€2,603
no longer reported in 2025 (was -€2,603)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,300 | €351,398 | +€70,099 | +24.9% |
| Fixed assets | 21/28 | €36,989 | €28,367 | -€8,622 | -23.3% |
| Intangible fixed assets | 21 | €27,467 | €22,467 | -€5,000 | -18.2% |
| Tangible fixed assets | 22/27 | €5,722 | - | -€5,722 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,722 | - | -€5,722 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €3,800 | €5,900 | +€2,100 | +55.3% |
| Current assets | 29/58 | €244,311 | €323,031 | +€78,721 | +32.2% |
| Amounts receivable within one year | 40/41 | €238,490 | €322,677 | +€84,187 | +35.3% |
| Trade receivables | 40 | €3,500 | - | -€3,500 | |
| Other amounts receivable | 41 | €234,990 | €322,677 | +€87,687 | +37.3% |
| Cash at bank and in hand | 54/58 | €4,689 | €354 | -€4,334 | -92.4% |
| Deferred charges and accrued income | 490/1 | €1,132 | - | -€1,132 | |
| Total equity and liabilities | 10/49 | €281,300 | €351,398 | +€70,099 | +24.9% |
| Equity | 10/15 | €230,755 | €304,379 | +€73,624 | +31.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €227,755 | €227,755 | = | 0.0% |
| Distributable reserves | 133 | €227,755 | €227,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €73,624 | +€73,624 | |
| Amounts payable | 17/49 | €50,545 | €47,019 | -€3,526 | -7.0% |
| Amounts payable within one year | 42/48 | €50,545 | €47,019 | -€3,526 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €12,298 | €12,534 | +€237 | +1.9% |
| Trade debts | 44 | €16,807 | €1,264 | -€15,543 | -92.5% |
| Suppliers | 440/4 | €16,807 | €1,264 | -€15,543 | -92.5% |
| Taxes, remuneration and social security | 45 | €21,440 | €33,221 | +€11,781 | +54.9% |
| Taxes | 450/3 | €21,440 | €21,440 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €11,781 | +€11,781 | |
| Remuneration, social security and pensions | 62 | -€2,603 | - | +€2,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,945 | €10,722 | -€1,223 | -10.2% |
| Other operating charges | 640/8 | €750 | €2,158 | +€1,408 | +188% |
| Gross operating margin | 9900 | €179,257 | €121,262 | -€57,995 | -32.4% |
| Operating profit (loss) | 9901 | €169,166 | €108,382 | -€60,784 | -35.9% |
| Financial income | 75/76B | €12,317 | €5 | -€12,312 | -100.0% |
| Recurring financial income | 75 | €12,317 | €5 | -€12,312 | -100.0% |
| Financial charges | 65/66B | €22,300 | €3,090 | -€19,210 | -86.1% |
| Recurring financial charges | 65 | €22,300 | €3,090 | -€19,210 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €159,183 | €105,297 | -€53,886 | -33.9% |
| Income taxes | 67/77 | €41,440 | €31,673 | -€9,767 | -23.6% |
| Profit (loss) for the period | 9904 | €117,744 | €73,624 | -€44,119 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,744 | €73,624 | -€44,119 | -37.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.