AQUA CONSTRUCT: 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.
AQUA CONSTRUCT
Largest movements
- Tangible fixed assets -€4,933
down €4,933 (-30.2%), from €16,352 to €11,419
of which Land and buildings: -€4,318
- Receivables within one year +€1,742
up €1,742 (+8.1%), from €21,389 to €23,131
of which Other amounts receivable: +€1,361
- Profit (loss) carried forward -€31,399
down €31,399 (-114.6%), from -€27,398 to -€58,797
- Trade debts +€27,044
up €27,044 (+367.6%), from €7,357 to €34,401
- Tax, wage and social debts -€3,558
down €3,558 (-76.9%), from €4,628 to €1,070
of which Taxes: -€3,683
- Short-term financial debts +€2,378
new in 2025: €2,378
- Other debts +€1,844
up €1,844 (+5.4%), from €33,937 to €35,780
- Gross operating margin -€50,875
down €50,875, from €33,628 to -€17,247
- Taxes -€3,683
down €3,683 (-98.1%), from €3,753 to €70
- Financial charges +€3,452
up €3,452 (+177.0%), from €1,950 to €5,402
of which Non-recurring financial charges: +€3,478
- Staff costs +€368
new in 2025: €368
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 | €39,279 | €35,588 | -€3,690 | -9.4% |
| Fixed assets | 21/28 | €17,199 | €11,879 | -€5,320 | -30.9% |
| Intangible fixed assets | 21 | €387 | - | -€387 | |
| Tangible fixed assets | 22/27 | €16,352 | €11,419 | -€4,933 | -30.2% |
| Land and buildings | 22 | €8,261 | €3,943 | -€4,318 | -52.3% |
| Plant, machinery and equipment | 23 | €218 | €2,085 | +€1,867 | +857.9% |
| Furniture and vehicles | 24 | €7,873 | €5,391 | -€2,481 | -31.5% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €22,080 | €23,709 | +€1,630 | +7.4% |
| Amounts receivable within one year | 40/41 | €21,389 | €23,131 | +€1,742 | +8.1% |
| Trade receivables | 40 | €18,987 | €19,368 | +€381 | +2.0% |
| Other amounts receivable | 41 | €2,402 | €3,763 | +€1,361 | +56.7% |
| Cash at bank and in hand | 54/58 | €174 | - | -€174 | |
| Deferred charges and accrued income | 490/1 | €517 | €578 | +€61 | +11.8% |
| Total equity and liabilities | 10/49 | €39,279 | €35,588 | -€3,690 | -9.4% |
| Equity | 10/15 | -€6,643 | -€38,041 | -€31,399 | -472.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,163 | €2,163 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,163 | €2,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,398 | -€58,797 | -€31,399 | -114.6% |
| Amounts payable | 17/49 | €45,921 | €73,630 | +€27,708 | +60.3% |
| Amounts payable within one year | 42/48 | €45,921 | €73,630 | +€27,708 | +60.3% |
| Financial debts | 43 | - | €2,378 | +€2,378 | |
| Credit institutions | 430/8 | - | €2,378 | +€2,378 | |
| Trade debts | 44 | €7,357 | €34,401 | +€27,044 | +367.6% |
| Suppliers | 440/4 | €7,357 | €34,401 | +€27,044 | +367.6% |
| Taxes, remuneration and social security | 45 | €4,628 | €1,070 | -€3,558 | -76.9% |
| Taxes | 450/3 | €3,753 | €70 | -€3,683 | -98.1% |
| Remuneration and social security | 454/9 | €875 | €1,000 | +€125 | +14.3% |
| Other amounts payable | 47/48 | €33,937 | €35,780 | +€1,844 | +5.4% |
| Remuneration, social security and pensions | 62 | - | €368 | +€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,490 | €7,700 | +€210 | +2.8% |
| Other operating charges | 640/8 | €537 | €613 | +€76 | +14.2% |
| Gross operating margin | 9900 | €33,628 | -€17,247 | -€50,875 | |
| Operating profit (loss) | 9901 | €25,601 | -€25,929 | -€51,530 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +950.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +950.0% |
| Financial charges | 65/66B | €1,950 | €5,402 | +€3,452 | +177.0% |
| Recurring financial charges | 65 | €132 | €106 | -€26 | -19.8% |
| Non-recurring financial charges | 66B | €1,818 | €5,296 | +€3,478 | +191.3% |
| Profit (loss) for the period before taxes | 9903 | €23,652 | -€31,329 | -€54,980 | |
| Income taxes | 67/77 | €3,753 | €70 | -€3,683 | -98.1% |
| Profit (loss) for the period | 9904 | €19,899 | -€31,399 | -€51,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,899 | -€31,399 | -€51,297 |
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 28 September 2026 via checked.be.