AQUA-BOUW: 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-BOUW
Largest movements
- Cash -€12,298
down €12,298 (-93.8%), from €13,111 to €813
mainly Other debts (-€6,067) and Net result for the year (-€6,012)
- Stocks and contracts +€5,102
new in 2025: €5,102
- Tangible fixed assets -€4,116
down €4,116 (-35.4%), from €11,616 to €7,499
of which Plant, machinery and equipment: -€3,509
- Receivables within one year -€2,905
down €2,905 (-19.1%), from €15,238 to €12,333
of which Other amounts receivable: -€1,821
- Other debts -€6,067
down €6,067 (-35.8%), from €16,954 to €10,886
- Profit (loss) carried forward -€6,012
down €6,012 (-21.2%), from -€28,391 to -€34,403
- Trade debts -€1,964
no longer reported in 2025 (was €1,964)
- Gross operating margin -€14,881
down €14,881, from €13,828 to -€1,053
- Depreciation -€1,643
down €1,643 (-28.5%), from €5,759 to €4,116
- Staff costs +€312
up €312 (+199%), from €157 to €469
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 | €40,882 | €26,760 | -€14,122 | -34.5% |
| Fixed assets | 21/28 | €11,616 | €7,499 | -€4,116 | -35.4% |
| Tangible fixed assets | 22/27 | €11,616 | €7,499 | -€4,116 | -35.4% |
| Land and buildings | 22 | €174 | - | -€174 | |
| Plant, machinery and equipment | 23 | €10,509 | €7,000 | -€3,509 | -33.4% |
| Furniture and vehicles | 24 | €183 | - | -€183 | |
| Other tangible fixed assets | 26 | €749 | €499 | -€250 | -33.3% |
| Current assets | 29/58 | €29,267 | €19,261 | -€10,006 | -34.2% |
| Stocks and contracts in progress | 3 | - | €5,102 | +€5,102 | |
| Stocks | 30/36 | - | €5,102 | +€5,102 | |
| Amounts receivable within one year | 40/41 | €15,238 | €12,333 | -€2,905 | -19.1% |
| Trade receivables | 40 | €12,781 | €11,697 | -€1,084 | -8.5% |
| Other amounts receivable | 41 | €2,457 | €636 | -€1,821 | -74.1% |
| Cash at bank and in hand | 54/58 | €13,111 | €813 | -€12,298 | -93.8% |
| Deferred charges and accrued income | 490/1 | €917 | €1,012 | +€95 | +10.4% |
| Total equity and liabilities | 10/49 | €40,882 | €26,760 | -€14,122 | -34.5% |
| Equity | 10/15 | €21,000 | €14,988 | -€6,012 | -28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,191 | €43,191 | = | 0.0% |
| Distributable reserves | 133 | €43,191 | €43,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,391 | -€34,403 | -€6,012 | -21.2% |
| Amounts payable | 17/49 | €19,882 | €11,772 | -€8,110 | -40.8% |
| Amounts payable within one year | 42/48 | €19,882 | €11,772 | -€8,110 | -40.8% |
| Trade debts | 44 | €1,964 | - | -€1,964 | |
| Suppliers | 440/4 | €1,964 | - | -€1,964 | |
| Taxes, remuneration and social security | 45 | €965 | €886 | -€79 | -8.2% |
| Taxes | 450/3 | €965 | €886 | -€79 | -8.2% |
| Other amounts payable | 47/48 | €16,954 | €10,886 | -€6,067 | -35.8% |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Remuneration, social security and pensions | 62 | €157 | €469 | +€312 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,759 | €4,116 | -€1,643 | -28.5% |
| Other operating charges | 640/8 | €118 | €203 | +€85 | +71.8% |
| Gross operating margin | 9900 | €13,828 | -€1,053 | -€14,881 | |
| Operating profit (loss) | 9901 | €7,794 | -€5,841 | -€13,635 | |
| Financial charges | 65/66B | €89 | €98 | +€9 | +10.7% |
| Recurring financial charges | 65 | €89 | €98 | +€9 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €7,706 | -€5,939 | -€13,645 | |
| Income taxes | 67/77 | €158 | €73 | -€85 | -53.6% |
| Profit (loss) for the period | 9904 | €7,548 | -€6,012 | -€13,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,548 | -€6,012 | -€13,560 |
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 27 October 2026 via checked.be.