AQUA CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€24,032
up €24,032 (+18.8%), from €128,100 to €152,133
of which Other amounts receivable: +€20,776
- Tangible fixed assets +€5,451
up €5,451 (+11.8%), from €46,261 to €51,712
of which Furniture and vehicles: +€5,931
- Reserves +€12,760
up €12,760 (+10.3%), from €124,105 to €136,865
- Current portion of long-term debt +€12,433
up €12,433 (+148%), from €8,427 to €20,860
- Short-term financial debts +€8,637
new in 2025: €8,637
- Trade debts -€5,569
down €5,569 (-18.8%), from €29,607 to €24,039
- Depreciation +€10,934
up €10,934 (+135%), from €8,090 to €19,024
- Gross operating margin -€10,391
down €10,391 (-10.0%), from €103,852 to €93,461
- Staff costs +€3,158
up €3,158 (+6.3%), from €50,394 to €53,552
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 | €191,387 | €217,596 | +€26,209 | +13.7% |
| Fixed assets | 21/28 | €46,311 | €51,761 | +€5,451 | +11.8% |
| Tangible fixed assets | 22/27 | €46,261 | €51,712 | +€5,451 | +11.8% |
| Plant, machinery and equipment | 23 | €899 | €419 | -€480 | -53.4% |
| Furniture and vehicles | 24 | €45,362 | €51,292 | +€5,931 | +13.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €145,076 | €165,835 | +€20,759 | +14.3% |
| Stocks and contracts in progress | 3 | €6,181 | €4,820 | -€1,361 | -22.0% |
| Stocks | 30/36 | €6,181 | €4,820 | -€1,361 | -22.0% |
| Amounts receivable within one year | 40/41 | €128,100 | €152,133 | +€24,032 | +18.8% |
| Trade receivables | 40 | €18,417 | €21,674 | +€3,256 | +17.7% |
| Other amounts receivable | 41 | €109,683 | €130,459 | +€20,776 | +18.9% |
| Cash at bank and in hand | 54/58 | €9,360 | €7,654 | -€1,705 | -18.2% |
| Deferred charges and accrued income | 490/1 | €1,435 | €1,228 | -€207 | -14.4% |
| Total equity and liabilities | 10/49 | €191,387 | €217,596 | +€26,209 | +13.7% |
| Equity | 10/15 | €130,336 | €143,105 | +€12,769 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,105 | €136,865 | +€12,760 | +10.3% |
| Distributable reserves | 133 | €124,105 | €136,865 | +€12,760 | +10.3% |
| Profit (loss) carried forward | 14 | €31 | €40 | +€9 | +28.5% |
| Amounts payable | 17/49 | €61,051 | €74,492 | +€13,441 | +22.0% |
| Amounts payable after more than one year | 17 | €21,353 | €19,680 | -€1,673 | -7.8% |
| Financial debts | 170/4 | €21,353 | €19,680 | -€1,673 | -7.8% |
| Amounts payable within one year | 42/48 | €39,698 | €54,812 | +€15,114 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €8,427 | €20,860 | +€12,433 | +148% |
| Financial debts | 43 | - | €8,637 | +€8,637 | |
| Credit institutions | 430/8 | - | €8,637 | +€8,637 | |
| Trade debts | 44 | €29,607 | €24,039 | -€5,569 | -18.8% |
| Suppliers | 440/4 | €29,607 | €24,039 | -€5,569 | -18.8% |
| Taxes, remuneration and social security | 45 | €1,664 | €1,276 | -€388 | -23.3% |
| Taxes | 450/3 | €1,664 | €1,276 | -€388 | -23.3% |
| Non-recurring operating income | 76A | €14,500 | €1,500 | -€13,000 | -89.7% |
| Remuneration, social security and pensions | 62 | €50,394 | €53,552 | +€3,158 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,090 | €19,024 | +€10,934 | +135% |
| Other operating charges | 640/8 | €2,986 | €2,031 | -€954 | -32.0% |
| Non-recurring operating charges | 66A | €19,749 | €0 | -€19,749 | -100% |
| Gross operating margin | 9900 | €103,852 | €93,461 | -€10,391 | -10.0% |
| Operating profit (loss) | 9901 | €22,633 | €18,854 | -€3,780 | -16.7% |
| Financial income | 75/76B | €5,319 | €6,057 | +€738 | +13.9% |
| Recurring financial income | 75 | €5,319 | €6,057 | +€738 | +13.9% |
| Financial charges | 65/66B | €3,207 | €3,923 | +€716 | +22.3% |
| Recurring financial charges | 65 | €3,207 | €3,923 | +€716 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €24,746 | €20,988 | -€3,758 | -15.2% |
| Income taxes | 67/77 | €8,104 | €8,219 | +€115 | +1.4% |
| Profit (loss) for the period | 9904 | €16,642 | €12,769 | -€3,873 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,642 | €12,769 | -€3,873 | -23.3% |
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 20 October 2026 via checked.be.