AQUA-BAT: 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.
AQUA-BAT
Largest movements
- Tangible fixed assets -€32,662
down €32,662 (-10.7%), from €305,352 to €272,690
of which Land and buildings: -€19,280
- Cash +€4,880
up €4,880 (+26.9%), from €18,168 to €23,048
mainly Depreciation (+€32,662) and Other debts (+€24,614)
- Reserves -€25,909
down €25,909 (-79.4%), from €32,636 to €6,727
- Debts after one year -€24,849
down €24,849 (-9.3%), from €266,104 to €241,254
- Other debts +€24,614
new in 2025: €24,614
- Gross operating margin -€2,166
down €2,166 (-5.7%), from €38,082 to €35,917
- Financial charges -€459
down €459 (-7.8%), from €5,910 to €5,451
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 | €370,674 | €343,258 | -€27,415 | -7.4% |
| Fixed assets | 21/28 | €305,352 | €272,690 | -€32,662 | -10.7% |
| Tangible fixed assets | 22/27 | €305,352 | €272,690 | -€32,662 | -10.7% |
| Land and buildings | 22 | €278,890 | €259,610 | -€19,280 | -6.9% |
| Plant, machinery and equipment | 23 | €26,461 | €13,080 | -€13,382 | -50.6% |
| Current assets | 29/58 | €65,322 | €70,569 | +€5,247 | +8.0% |
| Amounts receivable within one year | 40/41 | €47,154 | €47,520 | +€367 | +0.8% |
| Other amounts receivable | 41 | €47,154 | €47,520 | +€367 | +0.8% |
| Cash at bank and in hand | 54/58 | €18,168 | €23,048 | +€4,880 | +26.9% |
| Total equity and liabilities | 10/49 | €370,674 | €343,258 | -€27,415 | -7.4% |
| Equity | 10/15 | €79,597 | €50,635 | -€28,962 | -36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,636 | €6,727 | -€25,909 | -79.4% |
| Distributable reserves | 133 | €32,636 | €6,727 | -€25,909 | -79.4% |
| Profit (loss) carried forward | 14 | €2,706 | €3,221 | +€516 | +19.1% |
| Investment grants | 15 | €39,255 | €35,687 | -€3,569 | -9.1% |
| Amounts payable | 17/49 | €291,076 | €292,623 | +€1,547 | +0.5% |
| Amounts payable after more than one year | 17 | €266,104 | €241,254 | -€24,849 | -9.3% |
| Financial debts | 170/4 | €266,104 | €241,254 | -€24,849 | -9.3% |
| Amounts payable within one year | 42/48 | €24,973 | €51,369 | +€26,396 | +105.7% |
| Current portion of amounts payable after more than one year | 42 | €24,382 | €24,849 | +€467 | +1.9% |
| Trade debts | 44 | €557 | €574 | +€17 | +3.0% |
| Suppliers | 440/4 | €557 | €574 | +€17 | +3.0% |
| Taxes, remuneration and social security | 45 | €34 | €1,332 | +€1,298 | +3768.8% |
| Taxes | 450/3 | €34 | €1,332 | +€1,298 | +3768.8% |
| Other amounts payable | 47/48 | - | €24,614 | +€24,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,662 | €32,662 | -€0 | 0.0% |
| Other operating charges | 640/8 | €844 | €856 | +€12 | +1.5% |
| Gross operating margin | 9900 | €38,082 | €35,917 | -€2,166 | -5.7% |
| Operating profit (loss) | 9901 | €4,576 | €2,398 | -€2,178 | -47.6% |
| Financial income | 75/76B | €3,569 | €3,569 | = | 0.0% |
| Recurring financial income | 75 | €3,569 | €3,569 | = | 0.0% |
| Financial charges | 65/66B | €5,910 | €5,451 | -€459 | -7.8% |
| Recurring financial charges | 65 | €5,910 | €5,451 | -€459 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €2,235 | €516 | -€1,719 | -76.9% |
| Profit (loss) for the period | 9904 | €2,235 | €516 | -€1,719 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,235 | €516 | -€1,719 | -76.9% |
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 11 October 2026 via checked.be.