AGUILAS MANAGEMENT: 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.
AGUILAS MANAGEMENT
Largest movements
- Tangible fixed assets +€30,235
up €30,235 (+42.0%), from €72,028 to €102,263
of which Furniture and vehicles: +€19,496
- Cash -€22,311
down €22,311 (-52.2%), from €42,735 to €20,423
mainly Investment in fixed assets (net) (-€56,860) and Tax, wage and social debts (-€1,798)
- Receivables within one year -€5,204
down €5,204 (-15.4%), from €33,796 to €28,591
of which Trade receivables: -€14,513
- Other debts +€2,822
up €2,822 (+12.9%), from €21,877 to €24,699
- Gross operating margin -€19,339
down €19,339 (-39.0%), from €49,565 to €30,225
- Other operating charges +€9,614
up €9,614 (+846%), from €1,136 to €10,750
- Taxes -€9,495
down €9,495 (-97.0%), from €9,791 to €295
- Financial income +€9,094
up €9,094 (+602%), from €1,512 to €10,606
- Depreciation +€4,973
up €4,973 (+23.0%), from €21,652 to €26,625
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 | €275,309 | €277,456 | +€2,147 | +0.8% |
| Fixed assets | 21/28 | €72,028 | €102,263 | +€30,235 | +42.0% |
| Tangible fixed assets | 22/27 | €72,028 | €102,263 | +€30,235 | +42.0% |
| Land and buildings | 22 | €9,068 | €4,742 | -€4,326 | -47.7% |
| Plant, machinery and equipment | 23 | - | €3,115 | +€3,115 | |
| Furniture and vehicles | 24 | €62,960 | €82,456 | +€19,496 | +31.0% |
| Other tangible fixed assets | 26 | - | €11,950 | +€11,950 | |
| Current assets | 29/58 | €203,281 | €175,193 | -€28,088 | -13.8% |
| Amounts receivable within one year | 40/41 | €33,796 | €28,591 | -€5,204 | -15.4% |
| Trade receivables | 40 | €32,718 | €18,205 | -€14,513 | -44.4% |
| Other amounts receivable | 41 | €1,078 | €10,386 | +€9,308 | +864% |
| Current investments | 50/53 | €122,610 | €122,610 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,735 | €20,423 | -€22,311 | -52.2% |
| Deferred charges and accrued income | 490/1 | €4,141 | €3,569 | -€572 | -13.8% |
| Total equity and liabilities | 10/49 | €275,309 | €277,456 | +€2,147 | +0.8% |
| Equity | 10/15 | €246,328 | €248,165 | +€1,837 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €240,128 | €241,965 | +€1,837 | +0.8% |
| Distributable reserves | 133 | €240,128 | €241,965 | +€1,837 | +0.8% |
| Amounts payable | 17/49 | €28,981 | €29,291 | +€310 | +1.1% |
| Amounts payable within one year | 42/48 | €28,981 | €29,291 | +€310 | +1.1% |
| Trade debts | 44 | €2,223 | €1,510 | -€713 | -32.1% |
| Suppliers | 440/4 | €2,223 | €1,510 | -€713 | -32.1% |
| Taxes, remuneration and social security | 45 | €4,880 | €3,082 | -€1,798 | -36.8% |
| Taxes | 450/3 | €4,880 | €3,082 | -€1,798 | -36.8% |
| Other amounts payable | 47/48 | €21,877 | €24,699 | +€2,822 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,652 | €26,625 | +€4,973 | +23.0% |
| Other operating charges | 640/8 | €1,136 | €10,750 | +€9,614 | +846% |
| Gross operating margin | 9900 | €49,565 | €30,225 | -€19,339 | -39.0% |
| Operating profit (loss) | 9901 | €26,776 | -€7,150 | -€33,926 | |
| Financial income | 75/76B | €1,512 | €10,606 | +€9,094 | +602% |
| Recurring financial income | 75 | €1,512 | €10,606 | +€9,094 | +602% |
| Financial charges | 65/66B | €1,216 | €1,324 | +€108 | +8.8% |
| Recurring financial charges | 65 | €1,216 | €1,324 | +€108 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €27,072 | €2,133 | -€24,940 | -92.1% |
| Income taxes | 67/77 | €9,791 | €295 | -€9,495 | -97.0% |
| Profit (loss) for the period | 9904 | €17,282 | €1,837 | -€15,444 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,282 | €1,837 | -€15,444 | -89.4% |
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 28 October 2026 via checked.be.