Akwatro: 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.
Akwatro
Largest movements
- Tangible fixed assets -€22,754
down €22,754 (-6.9%), from €328,125 to €305,371
- Cash +€18,648
up €18,648 (+23.2%), from €80,213 to €98,861
mainly Net result for the year (+€62,619) and Other debts (+€36,302)
- Receivables within one year +€16,034
up €16,034 (+51.9%), from €30,886 to €46,920
of which Trade receivables: +€14,454
- Other debts +€36,302
up €36,302 (+83.6%), from €43,420 to €79,721
- Debts after one year -€24,755
down €24,755 (-10.1%), from €244,642 to €219,887
- Accrued charges and deferred income +€9,534
up €9,534 (+33.0%), from €28,871 to €38,406
- Reserves -€6,133
down €6,133 (-8.9%), from €68,752 to €62,619
- Gross operating margin -€14,785
down €14,785 (-10.9%), from €136,027 to €121,243
- Financial income +€8,558
up €8,558 (+1,012%), from €846 to €9,404
- Taxes -€1,913
down €1,913 (-9.7%), from €19,775 to €17,862
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 | €440,256 | €453,414 | +€13,158 | +3.0% |
| Fixed assets | 21/28 | €328,125 | €305,371 | -€22,754 | -6.9% |
| Tangible fixed assets | 22/27 | €328,125 | €305,371 | -€22,754 | -6.9% |
| Land and buildings | 22 | €288,004 | €277,752 | -€10,252 | -3.6% |
| Furniture and vehicles | 24 | €4,288 | €3,102 | -€1,186 | -27.7% |
| Leasing and similar rights | 25 | €35,833 | €24,517 | -€11,316 | -31.6% |
| Current assets | 29/58 | €112,132 | €148,043 | +€35,912 | +32.0% |
| Amounts receivable within one year | 40/41 | €30,886 | €46,920 | +€16,034 | +51.9% |
| Trade receivables | 40 | €28,340 | €42,794 | +€14,454 | +51.0% |
| Other amounts receivable | 41 | €2,546 | €4,126 | +€1,580 | +62.1% |
| Cash at bank and in hand | 54/58 | €80,213 | €98,861 | +€18,648 | +23.2% |
| Deferred charges and accrued income | 490/1 | €1,033 | €2,263 | +€1,230 | +119% |
| Total equity and liabilities | 10/49 | €440,256 | €453,414 | +€13,158 | +3.0% |
| Equity | 10/15 | €87,352 | €81,219 | -€6,133 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,752 | €62,619 | -€6,133 | -8.9% |
| Distributable reserves | 133 | €68,752 | €62,619 | -€6,133 | -8.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €352,905 | €372,196 | +€19,291 | +5.5% |
| Amounts payable after more than one year | 17 | €244,642 | €219,887 | -€24,755 | -10.1% |
| Financial debts | 170/4 | €244,642 | €219,887 | -€24,755 | -10.1% |
| Amounts payable within one year | 42/48 | €79,391 | €113,903 | +€34,512 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €24,065 | €24,755 | +€690 | +2.9% |
| Trade debts | 44 | €7,014 | €8,278 | +€1,264 | +18.0% |
| Suppliers | 440/4 | €7,014 | €8,278 | +€1,264 | +18.0% |
| Taxes, remuneration and social security | 45 | €4,893 | €1,149 | -€3,743 | -76.5% |
| Taxes | 450/3 | €4,893 | €1,149 | -€3,743 | -76.5% |
| Other amounts payable | 47/48 | €43,420 | €79,721 | +€36,302 | +83.6% |
| Accrued charges and deferred income | 492/3 | €28,871 | €38,406 | +€9,534 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,711 | €33,256 | +€544 | +1.7% |
| Other operating charges | 640/8 | €6,794 | €6,823 | +€29 | +0.4% |
| Gross operating margin | 9900 | €136,027 | €121,243 | -€14,785 | -10.9% |
| Operating profit (loss) | 9901 | €96,521 | €81,163 | -€15,358 | -15.9% |
| Financial income | 75/76B | €846 | €9,404 | +€8,558 | +1,012% |
| Recurring financial income | 75 | €846 | €9,404 | +€8,558 | +1,012% |
| Financial charges | 65/66B | €9,600 | €10,086 | +€486 | +5.1% |
| Recurring financial charges | 65 | €9,600 | €10,086 | +€486 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €87,767 | €80,481 | -€7,286 | -8.3% |
| Income taxes | 67/77 | €19,775 | €17,862 | -€1,913 | -9.7% |
| Profit (loss) for the period | 9904 | €67,992 | €62,619 | -€5,373 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,992 | €62,619 | -€5,373 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.