AQUA ALTA: 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.
What changed
AQUA ALTA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€121,401
2024 · €72,539+€48,862
Equity
€460,587
2024 · €339,186+€121,401
Cash
€26,212
2024 · €32,150-€5,939
Balance sheet total
€1.3m
2024 · €1.4m-€48,719
Largest movements
Assets
- Tangible fixed assets -€48,671
down €48,671 (-6.8%), from €716,625 to €667,954
of which Land and buildings: -€33,580
Equity and liabilities
- Profit (loss) carried forward +€121,401
up €121,401 (+45.4%), from €267,496 to €388,897
- Other debts -€106,660
down €106,660 (-44.0%), from €242,200 to €135,540
- Debts after one year -€53,804
down €53,804 (-9.2%), from €586,103 to €532,298
- Current portion of long-term debt -€19,431
down €19,431 (-26.5%), from €73,235 to €53,805
Income statement
- Gross operating margin +€67,279
up €67,279 (+36.7%), from €183,232 to €250,510
- Taxes +€18,871
up €18,871 (+65.2%), from €28,956 to €47,827
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.
Result 2024
€72,539
Gross operating margin
+€67,279
Depreciation
+€92
Other operating charges
-€1,146
Financial income
-€1
Financial charges
+€1,510
Taxes
-€18,871
Result 2025
€121,401
raises the resultlowers the result
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.
From operations
+€77,183
Investment
-€6,064
Financing
-€77,057
Cash 2024
€32,150
From operations (derived)
+€77,183
Net result for the year
+€121,401
Depreciation
+€54,736
Receivables within one year
-€5,882
Deferred charges and accrued income
-€9
Trade debts
+€4,238
Tax, wage and social debts
+€12,895
Other debts
-€106,660
Accrued charges and deferred income
-€3,537
Investment (derived)
-€6,064
Investment in fixed assets (net)
-€6,064
Financing
-€77,057
Debts after one year
-€53,804
Current portion of long-term debt
-€19,431
Short-term financial debts
-€3,821
Cash 2025
€26,212
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,350,190 | €1,301,471 | -€48,719 | -3.6% |
| Fixed assets | 21/28 | €1,314,053 | €1,265,382 | -€48,671 | -3.7% |
| Tangible fixed assets | 22/27 | €716,625 | €667,954 | -€48,671 | -6.8% |
| Land and buildings | 22 | €645,078 | €611,498 | -€33,580 | -5.2% |
| Plant, machinery and equipment | 23 | €2,411 | €1,167 | -€1,244 | -51.6% |
| Furniture and vehicles | 24 | €69,136 | €55,288 | -€13,848 | -20.0% |
| Financial fixed assets | 28 | €597,428 | €597,428 | = | 0.0% |
| Current assets | 29/58 | €36,137 | €36,090 | -€47 | -0.1% |
| Amounts receivable within one year | 40/41 | €2,028 | €7,910 | +€5,882 | +290% |
| Trade receivables | 40 | €1,972 | €7,896 | +€5,923 | +300% |
| Other amounts receivable | 41 | €56 | €15 | -€42 | -74.1% |
| Cash at bank and in hand | 54/58 | €32,150 | €26,212 | -€5,939 | -18.5% |
| Deferred charges and accrued income | 490/1 | €1,959 | €1,968 | +€9 | +0.5% |
| Total equity and liabilities | 10/49 | €1,350,190 | €1,301,471 | -€48,719 | -3.6% |
| Equity | 10/15 | €339,186 | €460,587 | +€121,401 | +35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,089 | €53,089 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,229 | €51,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,496 | €388,897 | +€121,401 | +45.4% |
| Amounts payable | 17/49 | €1,011,004 | €840,885 | -€170,120 | -16.8% |
| Amounts payable after more than one year | 17 | €586,103 | €532,298 | -€53,804 | -9.2% |
| Financial debts | 170/4 | €586,103 | €532,298 | -€53,804 | -9.2% |
| Amounts payable within one year | 42/48 | €421,365 | €308,586 | -€112,778 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €73,235 | €53,805 | -€19,431 | -26.5% |
| Financial debts | 43 | €10,101 | €6,279 | -€3,821 | -37.8% |
| Credit institutions | 430/8 | €10,101 | €6,279 | -€3,821 | -37.8% |
| Trade debts | 44 | €30,693 | €34,931 | +€4,238 | +13.8% |
| Suppliers | 440/4 | €30,693 | €34,931 | +€4,238 | +13.8% |
| Taxes, remuneration and social security | 45 | €65,136 | €78,031 | +€12,895 | +19.8% |
| Taxes | 450/3 | €65,136 | €78,031 | +€12,895 | +19.8% |
| Other amounts payable | 47/48 | €242,200 | €135,540 | -€106,660 | -44.0% |
| Accrued charges and deferred income | 492/3 | €3,537 | - | -€3,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,827 | €54,736 | -€92 | -0.2% |
| Other operating charges | 640/8 | €1,673 | €2,819 | +€1,146 | +68.5% |
| Gross operating margin | 9900 | €183,232 | €250,510 | +€67,279 | +36.7% |
| Operating profit (loss) | 9901 | €126,732 | €192,956 | +€66,224 | +52.3% |
| Financial income | 75/76B | €6 | €5 | -€1 | -21.5% |
| Recurring financial income | 75 | €6 | €5 | -€1 | -21.5% |
| Financial charges | 65/66B | €25,243 | €23,733 | -€1,510 | -6.0% |
| Recurring financial charges | 65 | €25,243 | €23,733 | -€1,510 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €101,495 | €169,228 | +€67,732 | +66.7% |
| Income taxes | 67/77 | €28,956 | €47,827 | +€18,871 | +65.2% |
| Profit (loss) for the period | 9904 | €72,539 | €121,401 | +€48,862 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,539 | €121,401 | +€48,862 | +67.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.