AQUA.COM: 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.
What changed
AQUA.COM
NACE 42.911, Civil engineering
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.8m-€714,238
Equity
€9.7m
2024 · €8.6m+€1.1m
Cash
€125,452
2024 · €427,514-€302,063
Balance sheet total
€13.3m
2024 · €12.9m+€335,197
Largest movements
Assets
- Receivables within one year +€523,670
up €523,670 (+11.3%), from €4.6m to €5.2m
of which Other amounts receivable: +€1.0m
- Cash -€302,063
down €302,063 (-70.7%), from €427,514 to €125,452
mainly Other debts (-€1.6m) and Receivables within one year (-€523,670)
Equity and liabilities
- Other debts -€1.6m
down €1.6m (-100.0%), from €1.6m to €0
- Profit (loss) carried forward +€1.1m
up €1.1m (+20.8%), from €5.5m to €6.6m
- Trade debts +€421,015
up €421,015 (+19.4%), from €2.2m to €2.6m
- Accrued charges and deferred income +€368,469
up €368,469 (+11438.4%), from €3,221 to €371,690
Income statement
- Write-downs +€452,069
up €452,069, from €0 to €452,069
- Turnover -€374,232
down €374,232 (-1.6%), from €23.5m to €23.1m
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
€1.8m
Turnover
-€374,232
Other operating income
+€24,680
Goods and materials
+€179,373
Services and other goods
-€11,237
Staff costs
-€96,129
Depreciation
+€2,299
Write-downs
-€452,069
Provisions
+€1,985
Other operating charges
-€12,105
Other operating items
-€171,259
Financial income
+€30,801
Financial charges
+€27,128
Taxes
+€136,527
Result 2025
€1.1m
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.
From operations
-€238,063
Investment
-€75,452
Financing
+€11,452
Cash 2024
€427,514
From operations (derived)
-€238,063
Net result for the year
+€1.1m
Depreciation
+€47,658
Receivables after one year
+€46,440
Stocks and contracts
-€131,411
Receivables within one year
-€523,670
Deferred charges and accrued income
-€823
Trade debts
+€421,015
Tax, wage and social debts
+€49,159
Advances received
-€42,360
Other debts
-€1.6m
Accrued charges and deferred income
+€368,469
Investment (derived)
-€75,452
Investment in fixed assets (net)
-€75,452
Financing
+€11,452
Short-term financial debts
+€11,452
Cash 2025
€125,452
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,926,219 | €13,261,416 | +€335,197 | +2.6% |
| Fixed assets | 21/28 | €430,654 | €458,448 | +€27,794 | +6.5% |
| Intangible fixed assets | 21 | €5,399 | €1,599 | -€3,800 | -70.4% |
| Tangible fixed assets | 22/27 | €425,181 | €456,775 | +€31,594 | +7.4% |
| Land and buildings | 22 | €382,415 | €353,597 | -€28,818 | -7.5% |
| Plant, machinery and equipment | 23 | €33,274 | €24,017 | -€9,257 | -27.8% |
| Furniture and vehicles | 24 | €9,493 | €79,161 | +€69,668 | +733.9% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Other financial fixed assets | 284/8 | €74 | €74 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €12,495,566 | €12,802,968 | +€307,403 | +2.5% |
| Amounts receivable after more than one year | 29 | €46,440 | €0 | -€46,440 | -100.0% |
| Other amounts receivable | 291 | €46,440 | €0 | -€46,440 | -100.0% |
| Stocks and contracts in progress | 3 | €7,351,048 | €7,482,459 | +€131,411 | +1.8% |
| Stocks | 30/36 | €7,351,048 | €7,482,459 | +€131,411 | +1.8% |
| Goods purchased for resale | 34 | €7,351,048 | €7,444,566 | +€93,518 | +1.3% |
| Advance payments | 36 | - | €37,893 | +€37,893 | |
| Amounts receivable within one year | 40/41 | €4,641,611 | €5,165,281 | +€523,670 | +11.3% |
| Trade receivables | 40 | €3,057,305 | €2,549,186 | -€508,119 | -16.6% |
| Other amounts receivable | 41 | €1,584,305 | €2,616,095 | +€1.0m | +65.1% |
| Cash at bank and in hand | 54/58 | €427,514 | €125,452 | -€302,063 | -70.7% |
| Deferred charges and accrued income | 490/1 | €28,953 | €29,777 | +€823 | +2.8% |
| Total equity and liabilities | 10/49 | €12,926,219 | €13,261,416 | +€335,197 | +2.6% |
| Equity | 10/15 | €8,573,278 | €9,708,451 | +€1.1m | +13.2% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €2,856,039 | €2,856,039 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €2,775,000 | €2,775,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,469,346 | €6,604,518 | +€1.1m | +20.8% |
| Provisions and deferred taxes | 16 | €232,050 | €232,050 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €232,050 | €232,050 | = | 0.0% |
| Other liabilities and charges | 164/5 | €232,050 | €232,050 | = | 0.0% |
| Amounts payable | 17/49 | €4,120,891 | €3,320,915 | -€799,976 | -19.4% |
| Amounts payable within one year | 42/48 | €4,117,670 | €2,949,225 | -€1.2m | -28.4% |
| Financial debts | 43 | €143,404 | €154,857 | +€11,452 | +8.0% |
| Credit institutions | 430/8 | €143,404 | €154,857 | +€11,452 | +8.0% |
| Trade debts | 44 | €2,171,707 | €2,592,722 | +€421,015 | +19.4% |
| Suppliers | 440/4 | €2,171,707 | €2,592,722 | +€421,015 | +19.4% |
| Advances received on contracts in progress | 46 | €42,360 | €0 | -€42,360 | -100.0% |
| Taxes, remuneration and social security | 45 | €152,487 | €201,646 | +€49,159 | +32.2% |
| Taxes | 450/3 | €24,286 | €25,346 | +€1,060 | +4.4% |
| Remuneration and social security | 454/9 | €128,200 | €176,300 | +€48,100 | +37.5% |
| Other amounts payable | 47/48 | €1,607,712 | €0 | -€1.6m | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,221 | €371,690 | +€368,469 | +11438.4% |
| Operating income | 70/76A | €23,497,071 | €23,145,023 | -€352,048 | -1.5% |
| Turnover | 70 | €23,479,926 | €23,105,694 | -€374,232 | -1.6% |
| Other operating income | 74 | €14,645 | €39,326 | +€24,680 | +168.5% |
| Non-recurring operating income | 76A | €2,500 | €4 | -€2,496 | -99.9% |
| Operating charges | 60/66A | €21,199,631 | €21,756,277 | +€556,646 | +2.6% |
| Goods for resale, raw materials and consumables | 60 | €18,444,612 | €18,265,239 | -€179,373 | -1.0% |
| Purchases | 600/8 | €18,512,098 | €18,626,220 | +€114,122 | +0.6% |
| Change in stocks: decrease (increase) | 609 | -€67,486 | -€360,981 | -€293,495 | -434.9% |
| Services and other goods | 61 | €1,744,780 | €1,756,018 | +€11,237 | +0.6% |
| Remuneration, social security and pensions | 62 | €944,700 | €1,040,830 | +€96,129 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,957 | €47,658 | -€2,299 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €452,069 | +€452,069 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,985 | €0 | -€1,985 | -100.0% |
| Other operating charges | 640/8 | €13,597 | €25,701 | +€12,105 | +89.0% |
| Non-recurring operating charges | 66A | - | €168,762 | +€168,762 | |
| Operating profit (loss) | 9901 | €2,297,440 | €1,388,747 | -€908,694 | -39.6% |
| Financial income | 75/76B | €147,648 | €178,449 | +€30,801 | +20.9% |
| Recurring financial income | 75 | €147,648 | €178,449 | +€30,801 | +20.9% |
| Income from current assets | 751 | €99,145 | €71,132 | -€28,013 | -28.3% |
| Other financial income | 752/9 | €48,503 | €107,317 | +€58,814 | +121.3% |
| Financial charges | 65/66B | €77,621 | €50,493 | -€27,128 | -34.9% |
| Recurring financial charges | 65 | €77,621 | €50,493 | -€27,128 | -34.9% |
| Debt charges | 650 | €42,467 | €25,275 | -€17,192 | -40.5% |
| Other financial charges | 652/9 | €35,154 | €25,218 | -€9,936 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €2,367,468 | €1,516,702 | -€850,765 | -35.9% |
| Income taxes | 67/77 | €518,057 | €381,530 | -€136,527 | -26.4% |
| Taxes | 670/3 | €518,087 | €382,016 | -€136,071 | -26.3% |
| Tax adjustments and reversals of tax provisions | 77 | €31 | €486 | +€455 | +1485.1% |
| Profit (loss) for the period | 9904 | €1,849,411 | €1,135,173 | -€714,238 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,849,411 | €1,135,173 | -€714,238 | -38.6% |
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 1 October 2026 via checked.be.