AGUARENA: 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.
AGUARENA
Largest movements
- Cash -€3.4m
down €3.4m (-92.7%), from €3.6m to €265,393
mainly Receivables within one year (-€3.0m) and Net result for the year (-€266,799)
- Receivables within one year +€3.0m
up €3.0m (+51,163%), from €5,831 to €3.0m
of which Other amounts receivable: +€2.9m
- Financial fixed assets +€124,500
up €124,500 (+3.1%), from €4.1m to €4.2m
- Profit (loss) carried forward -€266,799
down €266,799 (-7.3%), from €3.7m to €3.4m
- Financial income -€7.4m
down €7.4m (-99.1%), from €7.5m to €70,176
- Taxes -€368,931
down €368,931 (-95.3%), from €387,248 to €18,317
- Financial charges +€295,040
up €295,040 (+2,075%), from €14,215 to €309,256
- Gross operating margin -€121,691
down €121,691, from €112,808 to -€8,883
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 | €7,702,368 | €7,451,614 | -€250,753 | -3.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,061,290 | €4,185,790 | +€124,500 | +3.1% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €4,061,290 | €4,185,790 | +€124,500 | +3.1% |
| Current assets | 29/58 | €3,641,078 | €3,265,824 | -€375,253 | -10.3% |
| Amounts receivable within one year | 40/41 | €5,831 | €2,989,064 | +€3.0m | +51,163% |
| Trade receivables | 40 | €5,831 | €43,303 | +€37,472 | +643% |
| Other amounts receivable | 41 | - | €2,945,761 | +€2.9m | |
| Current investments | 50/53 | - | €5,167 | +€5,167 | |
| Cash at bank and in hand | 54/58 | €3,634,247 | €265,393 | -€3.4m | -92.7% |
| Deferred charges and accrued income | 490/1 | €1,000 | €6,200 | +€5,200 | +520% |
| Total equity and liabilities | 10/49 | €7,702,368 | €7,451,614 | -€250,753 | -3.3% |
| Equity | 10/15 | €7,288,697 | €7,021,898 | -€266,799 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,631,862 | €3,631,862 | = | 0.0% |
| Non-distributable reserves | 130/1 | €839 | €839 | = | 0.0% |
| Reserves not available under the articles | 1311 | €839 | €839 | = | 0.0% |
| Distributable reserves | 133 | €3,631,024 | €3,631,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,650,635 | €3,383,836 | -€266,799 | -7.3% |
| Amounts payable | 17/49 | €413,671 | €429,717 | +€16,046 | +3.9% |
| Amounts payable within one year | 42/48 | €413,671 | €429,717 | +€16,046 | +3.9% |
| Trade debts | 44 | €19,999 | €19,287 | -€712 | -3.6% |
| Suppliers | 440/4 | €19,999 | €19,287 | -€712 | -3.6% |
| Taxes, remuneration and social security | 45 | €392,239 | €409,807 | +€17,569 | +4.5% |
| Taxes | 450/3 | €392,239 | €409,807 | +€17,569 | +4.5% |
| Other amounts payable | 47/48 | €1,434 | €623 | -€811 | -56.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €112,808 | -€8,883 | -€121,691 | |
| Operating profit (loss) | 9901 | €112,303 | -€9,402 | -€121,705 | |
| Financial income | 75/76B | €7,513,687 | €70,176 | -€7.4m | -99.1% |
| Recurring financial income | 75 | €7,513,687 | €70,176 | -€7.4m | -99.1% |
| Financial charges | 65/66B | €14,215 | €309,256 | +€295,040 | +2,075% |
| Recurring financial charges | 65 | €14,215 | €309,256 | +€295,040 | +2,075% |
| Profit (loss) for the period before taxes | 9903 | €7,611,774 | -€248,482 | -€7.9m | |
| Income taxes | 67/77 | €387,248 | €18,317 | -€368,931 | -95.3% |
| Profit (loss) for the period | 9904 | €7,224,526 | -€266,799 | -€7.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €7,224,526 | -€266,799 | -€7.5m |
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 20 October 2026 via checked.be.