AQARTO: 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.
AQARTO
Largest movements
- Cash -€45,855
down €45,855 (-33.9%), from €135,310 to €89,455
mainly Investment in fixed assets (net) (-€53,240) and Receivables within one year (-€10,570)
- Tangible fixed assets +€36,900
up €36,900 (+357%), from €10,340 to €47,240
of which Plant, machinery and equipment: +€39,839
- Receivables within one year +€10,570
up €10,570 (+123%), from €8,625 to €19,195
of which Trade receivables: +€8,207
- Current investments +€10,368
up €10,368 (+21.7%), from €47,726 to €58,095
- Reserves +€7,711
up €7,711 (+4.6%), from €166,267 to €173,978
- Trade debts +€4,016
up €4,016 (+245%), from €1,636 to €5,652
- Gross operating margin +€9,735
up €9,735 (+52.3%), from €18,622 to €28,357
- Depreciation +€5,832
up €5,832 (+55.5%), from €10,508 to €16,340
- Taxes -€998
down €998 (-40.1%), from €2,491 to €1,493
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 | €205,515 | €215,948 | +€10,433 | +5.1% |
| Fixed assets | 21/28 | €10,340 | €47,240 | +€36,900 | +357% |
| Tangible fixed assets | 22/27 | €10,340 | €47,240 | +€36,900 | +357% |
| Land and buildings | 22 | €1,407 | €177 | -€1,229 | -87.4% |
| Plant, machinery and equipment | 23 | €6,093 | €45,932 | +€39,839 | +654% |
| Furniture and vehicles | 24 | €2,841 | €1,132 | -€1,709 | -60.2% |
| Current assets | 29/58 | €195,175 | €168,707 | -€26,467 | -13.6% |
| Amounts receivable within one year | 40/41 | €8,625 | €19,195 | +€10,570 | +123% |
| Trade receivables | 40 | €4,621 | €12,828 | +€8,207 | +178% |
| Other amounts receivable | 41 | €4,004 | €6,367 | +€2,363 | +59.0% |
| Current investments | 50/53 | €47,726 | €58,095 | +€10,368 | +21.7% |
| Cash at bank and in hand | 54/58 | €135,310 | €89,455 | -€45,855 | -33.9% |
| Deferred charges and accrued income | 490/1 | €3,513 | €1,962 | -€1,551 | -44.2% |
| Total equity and liabilities | 10/49 | €205,515 | €215,948 | +€10,433 | +5.1% |
| Equity | 10/15 | €196,267 | €203,978 | +€7,711 | +3.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €166,267 | €173,978 | +€7,711 | +4.6% |
| Distributable reserves | 133 | €166,267 | €173,978 | +€7,711 | +4.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,247 | €11,970 | +€2,722 | +29.4% |
| Amounts payable within one year | 42/48 | €4,712 | €9,585 | +€4,872 | +103% |
| Trade debts | 44 | €1,636 | €5,652 | +€4,016 | +245% |
| Suppliers | 440/4 | €1,636 | €5,652 | +€4,016 | +245% |
| Taxes, remuneration and social security | 45 | €515 | €500 | -€16 | -3.0% |
| Taxes | 450/3 | €515 | €500 | -€16 | -3.0% |
| Other amounts payable | 47/48 | €2,561 | €3,433 | +€872 | +34.1% |
| Accrued charges and deferred income | 492/3 | €4,535 | €2,385 | -€2,150 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,508 | €16,340 | +€5,832 | +55.5% |
| Other operating charges | 640/8 | €1,445 | €1,383 | -€62 | -4.3% |
| Gross operating margin | 9900 | €18,622 | €28,357 | +€9,735 | +52.3% |
| Operating profit (loss) | 9901 | €6,669 | €10,634 | +€3,965 | +59.5% |
| Financial income | 75/76B | €442 | €344 | -€98 | -22.2% |
| Recurring financial income | 75 | €442 | €344 | -€98 | -22.2% |
| Financial charges | 65/66B | €115 | €108 | -€7 | -6.2% |
| Recurring financial charges | 65 | €115 | €108 | -€7 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €6,996 | €10,870 | +€3,874 | +55.4% |
| Income taxes | 67/77 | €2,491 | €1,493 | -€998 | -40.1% |
| Profit (loss) for the period | 9904 | €4,505 | €9,377 | +€4,872 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €4,505 | €9,377 | +€4,872 | +108% |
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 22 October 2026 via checked.be.