AQRO: what changed
Two fiscal 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.
AQRO
Largest movements
- Cash +€9,796
up €9,796 (+61.8%), from €15,845 to €25,641
mainly Net result for the year (+€10,341) and Depreciation (+€3,029)
- Tangible fixed assets -€1,609
down €1,609 (-28.2%), from €5,707 to €4,098
- Receivables within one year -€945
down €945 (-4.1%), from €23,166 to €22,221
- Profit (loss) carried forward +€10,341
up €10,341 (+39.1%), from €26,458 to €36,799
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts +€1,392
up €1,392 (+20.6%), from €6,747 to €8,139
- Depreciation +€1,586
up €1,586 (+109.8%), from €1,443 to €3,029
- Taxes -€752
down €752 (-17.5%), from €4,283 to €3,531
- Financial income -€503
down €503 (-29.8%), from €1,689 to €1,185
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.
Cash bridge derived
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 | €45,068 | €52,210 | +€7,142 | +15.8% |
| Fixed assets | 21/28 | €5,707 | €4,098 | -€1,609 | -28.2% |
| Tangible fixed assets | 22/27 | €5,707 | €4,098 | -€1,609 | -28.2% |
| Furniture and vehicles | 24 | €5,707 | €4,098 | -€1,609 | -28.2% |
| Current assets | 29/58 | €39,361 | €48,112 | +€8,751 | +22.2% |
| Amounts receivable within one year | 40/41 | €23,166 | €22,221 | -€945 | -4.1% |
| Other amounts receivable | 41 | €23,166 | €22,221 | -€945 | -4.1% |
| Cash at bank and in hand | 54/58 | €15,845 | €25,641 | +€9,796 | +61.8% |
| Deferred charges and accrued income | 490/1 | €350 | €250 | -€100 | -28.6% |
| Total equity and liabilities | 10/49 | €45,068 | €52,210 | +€7,142 | +15.8% |
| Equity | 10/15 | €33,155 | €43,496 | +€10,341 | +31.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,697 | €4,697 | = | 0.0% |
| Distributable reserves | 133 | €4,697 | €4,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,458 | €36,799 | +€10,341 | +39.1% |
| Amounts payable | 17/49 | €11,913 | €8,715 | -€3,199 | -26.9% |
| Amounts payable within one year | 42/48 | €11,913 | €8,715 | -€3,199 | -26.9% |
| Trade debts | 44 | €166 | €575 | +€409 | +246.3% |
| Suppliers | 440/4 | €166 | €575 | +€409 | +246.3% |
| Taxes, remuneration and social security | 45 | €6,747 | €8,139 | +€1,392 | +20.6% |
| Taxes | 450/3 | €6,747 | €8,139 | +€1,392 | +20.6% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,443 | €3,029 | +€1,586 | +109.8% |
| Other operating charges | 640/8 | €75 | €0 | -€75 | -100.0% |
| Gross operating margin | 9900 | €15,964 | €15,814 | -€150 | -0.9% |
| Operating profit (loss) | 9901 | €14,445 | €12,785 | -€1,660 | -11.5% |
| Financial income | 75/76B | €1,689 | €1,185 | -€503 | -29.8% |
| Recurring financial income | 75 | €1,689 | €1,185 | -€503 | -29.8% |
| Financial charges | 65/66B | €12 | €98 | +€87 | +739.5% |
| Recurring financial charges | 65 | €12 | €98 | +€87 | +739.5% |
| Profit (loss) for the period before taxes | 9903 | €16,122 | €13,872 | -€2,250 | -14.0% |
| Income taxes | 67/77 | €4,283 | €3,531 | -€752 | -17.5% |
| Profit (loss) for the period | 9904 | €11,839 | €10,341 | -€1,499 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,839 | €10,341 | -€1,499 | -12.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.