GROUP AZUR: 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.
GROUP AZUR
Largest movements
- Receivables within one year -€52,412
down €52,412 (-78.3%), from €66,900 to €14,488
- Financial fixed assets +€49,500
up €49,500 (+18,266%), from €271 to €49,771
No liability line moved by more than 1% of the balance sheet total.
- Write-downs +€5,500
new in 2025: €5,500
- Gross operating margin +€1,491
up €1,491 (+37.2%), from €4,013 to €5,504
- Taxes -€630
down €630 (-89.4%), from €705 to €75
- Other operating charges -€376
down €376 (-54.4%), from €691 to €315
- Financial income +€220
new in 2025: €220
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 | €309,020 | €306,378 | -€2,642 | -0.9% |
| Fixed assets | 21/28 | €271 | €49,771 | +€49,500 | +18,266% |
| Financial fixed assets | 28 | €271 | €49,771 | +€49,500 | +18,266% |
| Current assets | 29/58 | €308,749 | €256,607 | -€52,142 | -16.9% |
| Amounts receivable after more than one year | 29 | €230,000 | €230,000 | = | 0.0% |
| Other amounts receivable | 291 | €230,000 | €230,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,900 | €14,488 | -€52,412 | -78.3% |
| Other amounts receivable | 41 | €66,900 | €14,488 | -€52,412 | -78.3% |
| Cash at bank and in hand | 54/58 | €1,913 | €1,913 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €9,936 | €10,206 | +€270 | +2.7% |
| Total equity and liabilities | 10/49 | €309,020 | €306,378 | -€2,642 | -0.9% |
| Equity | 10/15 | €297,489 | €295,823 | -€1,666 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,860 | €266,860 | = | 0.0% |
| 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 | €265,000 | €265,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,029 | €10,363 | -€1,666 | -13.8% |
| Provisions and deferred taxes | 16 | €3,815 | €3,815 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,815 | €3,815 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,815 | €3,815 | = | 0.0% |
| Amounts payable | 17/49 | €7,716 | €6,740 | -€976 | -12.6% |
| Amounts payable within one year | 42/48 | €6,811 | €6,740 | -€71 | -1.0% |
| Trade debts | 44 | €4,761 | €5,960 | +€1,199 | +25.2% |
| Suppliers | 440/4 | €4,761 | €5,960 | +€1,199 | +25.2% |
| Taxes, remuneration and social security | 45 | €976 | €780 | -€196 | -20.1% |
| Taxes | 450/3 | €976 | €780 | -€196 | -20.1% |
| Other amounts payable | 47/48 | €1,074 | - | -€1,074 | |
| Accrued charges and deferred income | 492/3 | €905 | - | -€905 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,500 | +€5,500 | |
| Other operating charges | 640/8 | €691 | €315 | -€376 | -54.4% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €4,013 | €5,504 | +€1,491 | +37.2% |
| Operating profit (loss) | 9901 | €3,322 | -€1,811 | -€5,133 | |
| Financial income | 75/76B | - | €220 | +€220 | |
| Recurring financial income | 75 | - | €220 | +€220 | |
| Financial charges | 65/66B | €140 | - | -€140 | |
| Recurring financial charges | 65 | €140 | - | -€140 | |
| Profit (loss) for the period before taxes | 9903 | €3,182 | -€1,591 | -€4,773 | |
| Income taxes | 67/77 | €705 | €75 | -€630 | -89.4% |
| Profit (loss) for the period | 9904 | €2,477 | -€1,666 | -€4,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,477 | -€1,666 | -€4,143 |
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 17 October 2026 via checked.be.