AQUA CORPUS: 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 CORPUS
Largest movements
- Tangible fixed assets +€64,591
up €64,591 (+124.6%), from €51,842 to €116,433
of which Furniture and vehicles: +€78,568
- Receivables within one year +€20,436
up €20,436 (+23.8%), from €85,795 to €106,231
of which Trade receivables: +€12,793
- Receivables after one year -€17,500
no longer reported in 2025 (was €17,500)
- Cash -€5,371
down €5,371 (-59.3%), from €9,060 to €3,689
mainly Investment in fixed assets (net) (-€98,965) and Receivables within one year (-€20,436)
- Intangible fixed assets -€4,479
no longer reported in 2025 (was €4,479)
- Debts after one year +€42,007
up €42,007 (+137.7%), from €30,517 to €72,524
- Current portion of long-term debt +€14,087
up €14,087 (+94.9%), from €14,841 to €28,928
- Profit (loss) carried forward +€8,334
up €8,334 (+58.2%), from -€14,323 to -€5,989
- Trade debts -€8,020
down €8,020 (-56.0%), from €14,327 to €6,307
- Other debts +€3,303
up €3,303 (+3.9%), from €85,738 to €89,041
- Gross operating margin +€19,658
up €19,658 (+45.8%), from €42,937 to €62,595
- Depreciation +€18,072
up €18,072 (+87.0%), from €20,781 to €38,853
- Other operating charges -€3,818
down €3,818 (-41.8%), from €9,139 to €5,321
- Financial charges +€2,399
up €2,399 (+55.3%), from €4,341 to €6,740
- Taxes -€642
down €642 (-13.7%), from €4,674 to €4,032
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 | €174,195 | €232,123 | +€57,928 | +33.3% |
| Fixed assets | 21/28 | €56,321 | €116,433 | +€60,112 | +106.7% |
| Intangible fixed assets | 21 | €4,479 | - | -€4,479 | |
| Tangible fixed assets | 22/27 | €51,842 | €116,433 | +€64,591 | +124.6% |
| Plant, machinery and equipment | 23 | €47,204 | €33,227 | -€13,977 | -29.6% |
| Furniture and vehicles | 24 | €4,638 | €83,206 | +€78,568 | +1694.0% |
| Current assets | 29/58 | €117,874 | €115,690 | -€2,184 | -1.9% |
| Amounts receivable after more than one year | 29 | €17,500 | - | -€17,500 | |
| Other amounts receivable | 291 | €17,500 | - | -€17,500 | |
| Amounts receivable within one year | 40/41 | €85,795 | €106,231 | +€20,436 | +23.8% |
| Trade receivables | 40 | €63,513 | €76,306 | +€12,793 | +20.1% |
| Other amounts receivable | 41 | €22,282 | €29,925 | +€7,643 | +34.3% |
| Current investments | 50/53 | €5,172 | €5,172 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,060 | €3,689 | -€5,371 | -59.3% |
| Deferred charges and accrued income | 490/1 | €347 | €598 | +€251 | +72.3% |
| Total equity and liabilities | 10/49 | €174,195 | €232,123 | +€57,928 | +33.3% |
| Equity | 10/15 | €11,300 | €19,634 | +€8,334 | +73.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,031 | €7,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,172 | €5,172 | = | 0.0% |
| Own shares acquired | 1312 | €5,172 | €5,172 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,323 | -€5,989 | +€8,334 | +58.2% |
| Amounts payable | 17/49 | €162,895 | €212,489 | +€49,594 | +30.4% |
| Amounts payable after more than one year | 17 | €30,517 | €72,524 | +€42,007 | +137.7% |
| Financial debts | 170/4 | €30,517 | €72,524 | +€42,007 | +137.7% |
| Amounts payable within one year | 42/48 | €132,378 | €139,965 | +€7,587 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €14,841 | €28,928 | +€14,087 | +94.9% |
| Financial debts | 43 | €4,493 | €4,192 | -€301 | -6.7% |
| Credit institutions | 430/8 | €4,493 | €4,192 | -€301 | -6.7% |
| Trade debts | 44 | €14,327 | €6,307 | -€8,020 | -56.0% |
| Suppliers | 440/4 | €14,327 | €6,307 | -€8,020 | -56.0% |
| Taxes, remuneration and social security | 45 | €12,979 | €11,497 | -€1,482 | -11.4% |
| Taxes | 450/3 | €8,780 | €7,198 | -€1,582 | -18.0% |
| Remuneration and social security | 454/9 | €4,199 | €4,299 | +€100 | +2.4% |
| Other amounts payable | 47/48 | €85,738 | €89,041 | +€3,303 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,781 | €38,853 | +€18,072 | +87.0% |
| Other operating charges | 640/8 | €9,139 | €5,321 | -€3,818 | -41.8% |
| Gross operating margin | 9900 | €42,937 | €62,595 | +€19,658 | +45.8% |
| Operating profit (loss) | 9901 | €13,017 | €18,421 | +€5,404 | +41.5% |
| Financial income | 75/76B | €365 | €685 | +€320 | +87.7% |
| Recurring financial income | 75 | €365 | €685 | +€320 | +87.7% |
| Financial charges | 65/66B | €4,341 | €6,740 | +€2,399 | +55.3% |
| Recurring financial charges | 65 | €4,341 | €6,740 | +€2,399 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €9,041 | €12,366 | +€3,325 | +36.8% |
| Income taxes | 67/77 | €4,674 | €4,032 | -€642 | -13.7% |
| Profit (loss) for the period | 9904 | €4,367 | €8,334 | +€3,967 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,367 | €8,334 | +€3,967 | +90.8% |
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 10 October 2026 via checked.be.