AQUA CONSTRUCT +: 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 CONSTRUCT +
Largest movements
- Receivables within one year +€359,738
up €359,738 (+132.0%), from €272,628 to €632,367
of which Trade receivables: +€347,406
- Tangible fixed assets -€275,081
down €275,081 (-88.4%), from €311,324 to €36,243
- Intangible fixed assets -€10,000
down €10,000 (-10.2%), from €98,306 to €88,306
- Profit (loss) carried forward +€183,435
up €183,435 (+78.5%), from -€233,582 to -€50,147
- Debts after one year +€160,111
up €160,111 (+94.8%), from €168,906 to €329,017
of which Other amounts payable: +€260,320
- Trade debts -€143,862
down €143,862 (-43.0%), from €334,340 to €190,478
- Other debts -€76,655
down €76,655 (-98.0%), from €78,218 to €1,563
- Tax, wage and social debts -€28,040
down €28,040 (-58.3%), from €48,107 to €20,067
of which Taxes: -€36,113
- Gross operating margin +€559,293
up €559,293 (+214.5%), from €260,724 to €820,017
- Other operating charges +€90,377
up €90,377 (+2318.4%), from €3,898 to €94,276
- Staff costs +€49,275
up €49,275 (+11.4%), from €432,844 to €482,119
- Financial charges -€8,973
down €8,973 (-26.6%), from €33,711 to €24,738
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 | €706,469 | €774,588 | +€68,120 | +9.6% |
| Fixed assets | 21/28 | €409,630 | €124,549 | -€285,081 | -69.6% |
| Intangible fixed assets | 21 | €98,306 | €88,306 | -€10,000 | -10.2% |
| Tangible fixed assets | 22/27 | €311,324 | €36,243 | -€275,081 | -88.4% |
| Land and buildings | 22 | €100,000 | - | -€100,000 | |
| Plant, machinery and equipment | 23 | €107,757 | €20,554 | -€87,203 | -80.9% |
| Furniture and vehicles | 24 | €103,567 | €13,667 | -€89,900 | -86.8% |
| Other tangible fixed assets | 26 | - | €2,022 | +€2,022 | |
| Current assets | 29/58 | €296,839 | €650,040 | +€353,200 | +119.0% |
| Stocks and contracts in progress | 3 | €5,261 | €3,300 | -€1,961 | -37.3% |
| Stocks | 30/36 | €5,261 | €3,300 | -€1,961 | -37.3% |
| Amounts receivable within one year | 40/41 | €272,628 | €632,367 | +€359,738 | +132.0% |
| Trade receivables | 40 | €268,966 | €616,372 | +€347,406 | +129.2% |
| Other amounts receivable | 41 | €3,663 | €15,995 | +€12,332 | +336.7% |
| Cash at bank and in hand | 54/58 | €12,101 | €5,157 | -€6,944 | -57.4% |
| Deferred charges and accrued income | 490/1 | €6,849 | €9,216 | +€2,367 | +34.6% |
| Total equity and liabilities | 10/49 | €706,469 | €774,588 | +€68,120 | +9.6% |
| Equity | 10/15 | €1,064 | €184,499 | +€183,435 | +17238.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €228,446 | €228,446 | = | 0.0% |
| Distributable reserves | 133 | €228,446 | €228,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,582 | -€50,147 | +€183,435 | +78.5% |
| Amounts payable | 17/49 | €705,405 | €590,089 | -€115,315 | -16.3% |
| Amounts payable after more than one year | 17 | €168,906 | €329,017 | +€160,111 | +94.8% |
| Financial debts | 170/4 | €168,906 | €68,697 | -€100,208 | -59.3% |
| Other amounts payable | 178/9 | - | €260,320 | +€260,320 | |
| Amounts payable within one year | 42/48 | €536,499 | €260,442 | -€276,057 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €40,834 | €13,334 | -€27,500 | -67.3% |
| Financial debts | 43 | €35,000 | €35,000 | = | 0.0% |
| Credit institutions | 430/8 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €334,340 | €190,478 | -€143,862 | -43.0% |
| Suppliers | 440/4 | €334,340 | €190,478 | -€143,862 | -43.0% |
| Taxes, remuneration and social security | 45 | €48,107 | €20,067 | -€28,040 | -58.3% |
| Taxes | 450/3 | €37,897 | €1,783 | -€36,113 | -95.3% |
| Remuneration and social security | 454/9 | €10,210 | €18,284 | +€8,073 | +79.1% |
| Other amounts payable | 47/48 | €78,218 | €1,563 | -€76,655 | -98.0% |
| Accrued charges and deferred income | 492/3 | - | €631 | +€631 | |
| Non-recurring operating income | 76A | €1,459 | - | -€1,459 | |
| Remuneration, social security and pensions | 62 | €432,844 | €482,119 | +€49,275 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,569 | €35,452 | +€2,883 | +8.9% |
| Other operating charges | 640/8 | €3,898 | €94,276 | +€90,377 | +2318.4% |
| Gross operating margin | 9900 | €260,724 | €820,017 | +€559,293 | +214.5% |
| Operating profit (loss) | 9901 | -€208,587 | €208,171 | +€416,758 | |
| Financial income | 75/76B | €77 | €2 | -€75 | -97.9% |
| Recurring financial income | 75 | €77 | €2 | -€75 | -97.9% |
| Financial charges | 65/66B | €33,711 | €24,738 | -€8,973 | -26.6% |
| Recurring financial charges | 65 | €33,711 | €24,738 | -€8,973 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€242,221 | €183,435 | +€425,656 | |
| Profit (loss) for the period | 9904 | -€242,221 | €183,435 | +€425,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€242,221 | €183,435 | +€425,656 |
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.