ACQUA & GIOIA: 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.
ACQUA & GIOIA
Largest movements
- Cash -€53,365
down €53,365 (-88.1%), from €60,555 to €7,190
mainly Trade debts (-€25,088) and Debts after one year (-€20,041)
- Trade debts -€25,088
down €25,088 (-41.3%), from €60,687 to €35,600
- Debts after one year -€20,041
down €20,041 (-16.9%), from €118,618 to €98,577
- Profit (loss) carried forward -€11,721
down €11,721 (-70.0%), from -€16,733 to -€28,454
- Financial charges -€6,057
down €6,057 (-49.7%), from €12,196 to €6,139
- Gross operating margin -€1,037
down €1,037 (-22.9%), from -€4,537 to -€5,574
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 | €310,555 | €257,190 | -€53,365 | -17.2% |
| Fixed assets | 21/28 | €250,000 | €250,000 | = | 0.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €60,555 | €7,190 | -€53,365 | -88.1% |
| Cash at bank and in hand | 54/58 | €60,555 | €7,190 | -€53,365 | -88.1% |
| Total equity and liabilities | 10/49 | €310,555 | €257,190 | -€53,365 | -17.2% |
| Equity | 10/15 | €8,267 | -€3,454 | -€11,721 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,733 | -€28,454 | -€11,721 | -70.0% |
| Amounts payable | 17/49 | €302,288 | €260,643 | -€41,645 | -13.8% |
| Amounts payable after more than one year | 17 | €118,618 | €98,577 | -€20,041 | -16.9% |
| Financial debts | 170/4 | €118,618 | €98,577 | -€20,041 | -16.9% |
| Amounts payable within one year | 42/48 | €183,670 | €162,066 | -€21,604 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €19,123 | €20,041 | +€918 | +4.8% |
| Trade debts | 44 | €60,687 | €35,600 | -€25,088 | -41.3% |
| Suppliers | 440/4 | €60,687 | €35,600 | -€25,088 | -41.3% |
| Other amounts payable | 47/48 | €103,860 | €106,426 | +€2,566 | +2.5% |
| Non-recurring operating charges | 66A | - | €7 | +€7 | |
| Gross operating margin | 9900 | -€4,537 | -€5,574 | -€1,037 | -22.9% |
| Operating profit (loss) | 9901 | -€4,537 | -€5,581 | -€1,044 | -23.0% |
| Financial charges | 65/66B | €12,196 | €6,139 | -€6,057 | -49.7% |
| Recurring financial charges | 65 | €12,196 | €6,139 | -€6,057 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,733 | -€11,721 | +€5,012 | +30.0% |
| Profit (loss) for the period | 9904 | -€16,733 | -€11,721 | +€5,012 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,733 | -€11,721 | +€5,012 | +30.0% |
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 26 October 2026 via checked.be.