Oceano Azul: 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.
Oceano Azul
Largest movements
- Tangible fixed assets -€260,863
no longer reported in 2025 (was €260,863)
- Cash +€37,350
new in 2025: €37,350
mainly Investment in fixed assets (net) (+€261,032) and Depreciation (+€15,386)
- Financial fixed assets -€15,555
no longer reported in 2025 (was €15,555)
- Receivables within one year -€13,637
down €13,637 (-42.9%), from €31,776 to €18,139
of which Trade receivables: -€13,699
- Deferred charges and accrued income +€4,300
new in 2025: €4,300
- Debts after one year -€227,729
down €227,729 (-97.6%), from €233,229 to €5,500
of which Financial debts: -€227,729
- Current portion of long-term debt -€9,749
no longer reported in 2025 (was €9,749)
- Short-term financial debts -€9,704
no longer reported in 2025 (was €9,704)
- Profit (loss) carried forward +€8,982
up €8,982 (+60.4%), from -€14,882 to -€5,900
- Tax, wage and social debts -€5,188
down €5,188 (-62.7%), from €8,275 to €3,087
- Gross operating margin +€43,411
up €43,411 (+249%), from €17,410 to €60,821
- Depreciation +€12,821
up €12,821 (+500%), from €2,564 to €15,386
- Write-downs +€10,000
new in 2025: €10,000
- Financial charges +€8,246
up €8,246 (+50.1%), from €16,472 to €24,718
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 | €308,194 | €59,789 | -€248,405 | -80.6% |
| Fixed assets | 21/28 | €276,418 | - | -€276,418 | |
| Tangible fixed assets | 22/27 | €260,863 | - | -€260,863 | |
| Land and buildings | 22 | €260,863 | - | -€260,863 | |
| Financial fixed assets | 28 | €15,555 | - | -€15,555 | |
| Current assets | 29/58 | €31,776 | €59,789 | +€28,013 | +88.2% |
| Amounts receivable within one year | 40/41 | €31,776 | €18,139 | -€13,637 | -42.9% |
| Trade receivables | 40 | €31,776 | €18,077 | -€13,699 | -43.1% |
| Other amounts receivable | 41 | - | €62 | +€62 | |
| Cash at bank and in hand | 54/58 | - | €37,350 | +€37,350 | |
| Deferred charges and accrued income | 490/1 | - | €4,300 | +€4,300 | |
| Total equity and liabilities | 10/49 | €308,194 | €59,789 | -€248,405 | -80.6% |
| Equity | 10/15 | -€6,882 | €2,100 | +€8,982 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,882 | -€5,900 | +€8,982 | +60.4% |
| Amounts payable | 17/49 | €315,076 | €57,689 | -€257,387 | -81.7% |
| Amounts payable after more than one year | 17 | €233,229 | €5,500 | -€227,729 | -97.6% |
| Financial debts | 170/4 | €227,729 | - | -€227,729 | |
| Other amounts payable | 178/9 | €5,500 | €5,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,847 | €52,189 | -€29,658 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €9,749 | - | -€9,749 | |
| Financial debts | 43 | €9,704 | - | -€9,704 | |
| Credit institutions | 430/8 | €9,704 | - | -€9,704 | |
| Trade debts | 44 | €4,892 | €4,601 | -€291 | -5.9% |
| Suppliers | 440/4 | €4,892 | €1,526 | -€3,366 | -68.8% |
| Bills of exchange payable | 441 | - | €3,075 | +€3,075 | |
| Taxes, remuneration and social security | 45 | €8,275 | €3,087 | -€5,188 | -62.7% |
| Taxes | 450/3 | €8,275 | €3,087 | -€5,188 | -62.7% |
| Other amounts payable | 47/48 | €49,227 | €44,501 | -€4,727 | -9.6% |
| Non-recurring operating income | 76A | - | €54,523 | +€54,523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,564 | €15,386 | +€12,821 | +500% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €2,418 | €1,838 | -€580 | -24.0% |
| Gross operating margin | 9900 | €17,410 | €60,821 | +€43,411 | +249% |
| Operating profit (loss) | 9901 | €12,427 | €33,597 | +€21,170 | +170% |
| Financial income | 75/76B | €0 | €147 | +€147 | +58,656% |
| Recurring financial income | 75 | €0 | €147 | +€147 | +58,656% |
| Financial charges | 65/66B | €16,472 | €24,718 | +€8,246 | +50.1% |
| Recurring financial charges | 65 | €16,472 | €24,718 | +€8,246 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,044 | €9,026 | +€13,071 | |
| Income taxes | 67/77 | - | €44 | +€44 | |
| Profit (loss) for the period | 9904 | -€4,044 | €8,982 | +€13,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,044 | €8,982 | +€13,026 |
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 23 October 2026 via checked.be.