AQRIO: 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.
AQRIO
Largest movements
- Receivables within one year +€14,650
up €14,650 (+8.0%), from €183,751 to €198,401
of which Other amounts receivable: +€24,818
- Cash +€12,515
up €12,515 (+44,634%), from €28 to €12,543
mainly Net result for the year (+€76,698) and Tax, wage and social debts (+€24,411)
- Trade debts -€64,952
down €64,952 (-71.5%), from €90,886 to €25,934
- Profit (loss) carried forward +€51,698
up €51,698 (+169%), from €30,681 to €82,379
- Reserves +€25,000
up €25,000 (+100%), from €25,000 to €50,000
- Tax, wage and social debts +€24,411
up €24,411 (+218%), from €11,208 to €35,619
- Other debts -€9,480
down €9,480 (-95.0%), from €9,980 to €500
- Gross operating margin +€81,686
up €81,686 (+209%), from €39,084 to €120,770
- Taxes +€14,049
up €14,049 (+130%), from €10,785 to €24,834
- Financial charges +€10,432
up €10,432 (+1,012%), from €1,031 to €11,463
- Staff costs +€4,331
up €4,331 (+115,182%), from €4 to €4,335
- Other operating charges +€2,273
up €2,273 (+334%), from €680 to €2,953
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 | €184,755 | €211,432 | +€26,678 | +14.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €976 | €488 | -€488 | -50.0% |
| Tangible fixed assets | 22/27 | €976 | €488 | -€488 | -50.0% |
| Plant, machinery and equipment | 23 | €976 | €488 | -€488 | -50.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €183,779 | €210,944 | +€27,165 | +14.8% |
| Amounts receivable within one year | 40/41 | €183,751 | €198,401 | +€14,650 | +8.0% |
| Trade receivables | 40 | €180,492 | €170,324 | -€10,168 | -5.6% |
| Other amounts receivable | 41 | €3,259 | €28,077 | +€24,818 | +762% |
| Cash at bank and in hand | 54/58 | €28 | €12,543 | +€12,515 | +44,634% |
| Total equity and liabilities | 10/49 | €184,755 | €211,432 | +€26,678 | +14.4% |
| Equity | 10/15 | €72,681 | €149,379 | +€76,698 | +106% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €50,000 | +€25,000 | +100% |
| Distributable reserves | 133 | €25,000 | €50,000 | +€25,000 | +100% |
| Profit (loss) carried forward | 14 | €30,681 | €82,379 | +€51,698 | +169% |
| Amounts payable | 17/49 | €112,074 | €62,053 | -€50,021 | -44.6% |
| Amounts payable within one year | 42/48 | €112,074 | €62,053 | -€50,021 | -44.6% |
| Trade debts | 44 | €90,886 | €25,934 | -€64,952 | -71.5% |
| Suppliers | 440/4 | €90,886 | €25,934 | -€64,952 | -71.5% |
| Taxes, remuneration and social security | 45 | €11,208 | €35,619 | +€24,411 | +218% |
| Taxes | 450/3 | €11,208 | €35,619 | +€24,411 | +218% |
| Other amounts payable | 47/48 | €9,980 | €500 | -€9,480 | -95.0% |
| Remuneration, social security and pensions | 62 | €4 | €4,335 | +€4,331 | +115,182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488 | €488 | = | 0.0% |
| Other operating charges | 640/8 | €680 | €2,953 | +€2,273 | +334% |
| Gross operating margin | 9900 | €39,084 | €120,770 | +€81,686 | +209% |
| Operating profit (loss) | 9901 | €37,913 | €112,995 | +€75,082 | +198% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,031 | €11,463 | +€10,432 | +1,012% |
| Recurring financial charges | 65 | €1,031 | €11,463 | +€10,432 | +1,012% |
| Profit (loss) for the period before taxes | 9903 | €36,882 | €101,532 | +€64,650 | +175% |
| Income taxes | 67/77 | €10,785 | €24,834 | +€14,049 | +130% |
| Profit (loss) for the period | 9904 | €26,097 | €76,698 | +€50,601 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €26,097 | €76,698 | +€50,601 | +194% |
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 13 October 2026 via checked.be.