AQUA-FIX: what changed
AQUA-FIX
Largest movements
- Cash +€11,673
up €11,673 (+48.9%), from €23,878 to €35,551
mainly Other debts (+€38,024) and Net result for the year (+€26,905)
- Receivables within one year -€4,480
down €4,480 (-5.8%), from €77,128 to €72,648
of which Trade receivables: -€6,001
- Stocks and contracts +€2,611
up €2,611 (+16.9%), from €15,412 to €18,023
- Other debts +€38,024
up €38,024 (+251%), from €15,125 to €53,149
- Reserves -€36,842
down €36,842 (-37.1%), from €99,221 to €62,379
of which Non-distributable reserves: -€36,842
- Profit (loss) carried forward +€26,905
up €26,905 (+88.8%), from -€30,285 to -€3,380
- Trade debts -€14,055
down €14,055 (-91.8%), from €15,318 to €1,263
- Short-term financial debts -€4,118
no longer reported in 2025 (was €4,118)
- Taxes -€13,098
down €13,098 (-439%), from -€2,982 to -€16,080
- Gross operating margin -€1,261
down €1,261 (-9.0%), from €13,948 to €12,687
- Depreciation -€308
down €308 (-24.1%), from €1,278 to €970
- Other operating charges -€174
down €174 (-17.0%), from €1,026 to €852
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,546 | €127,392 | +€8,845 | +7.5% |
| Fixed assets | 21/28 | €1,852 | €882 | -€970 | -52.4% |
| Tangible fixed assets | 22/27 | €1,852 | €882 | -€970 | -52.4% |
| Furniture and vehicles | 24 | €1,852 | €882 | -€970 | -52.4% |
| Current assets | 29/58 | €116,694 | €126,509 | +€9,815 | +8.4% |
| Stocks and contracts in progress | 3 | €15,412 | €18,023 | +€2,611 | +16.9% |
| Stocks | 30/36 | €15,412 | €18,023 | +€2,611 | +16.9% |
| Amounts receivable within one year | 40/41 | €77,128 | €72,648 | -€4,480 | -5.8% |
| Trade receivables | 40 | €76,331 | €70,330 | -€6,001 | -7.9% |
| Other amounts receivable | 41 | €797 | €2,318 | +€1,521 | +191% |
| Cash at bank and in hand | 54/58 | €23,878 | €35,551 | +€11,673 | +48.9% |
| Deferred charges and accrued income | 490/1 | €276 | €287 | +€11 | +4.1% |
| Total equity and liabilities | 10/49 | €118,546 | €127,392 | +€8,845 | +7.5% |
| Equity | 10/15 | €78,935 | €68,999 | -€9,937 | -12.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €99,221 | €62,379 | -€36,842 | -37.1% |
| Non-distributable reserves | 130/1 | €72,396 | €35,554 | -€36,842 | -50.9% |
| Reserves not available under the articles | 1311 | €72,396 | €35,554 | -€36,842 | -50.9% |
| Distributable reserves | 133 | €26,824 | €26,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,285 | -€3,380 | +€26,905 | +88.8% |
| Amounts payable | 17/49 | €39,611 | €58,393 | +€18,782 | +47.4% |
| Amounts payable within one year | 42/48 | €39,611 | €58,393 | +€18,782 | +47.4% |
| Financial debts | 43 | €4,118 | - | -€4,118 | |
| Credit institutions | 430/8 | €4,118 | - | -€4,118 | |
| Trade debts | 44 | €15,318 | €1,263 | -€14,055 | -91.8% |
| Suppliers | 440/4 | €15,318 | €1,263 | -€14,055 | -91.8% |
| Taxes, remuneration and social security | 45 | €5,050 | €3,981 | -€1,069 | -21.2% |
| Taxes | 450/3 | €2,550 | €1,731 | -€819 | -32.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,250 | -€250 | -10.0% |
| Other amounts payable | 47/48 | €15,125 | €53,149 | +€38,024 | +251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278 | €970 | -€308 | -24.1% |
| Other operating charges | 640/8 | €1,026 | €852 | -€174 | -17.0% |
| Gross operating margin | 9900 | €13,948 | €12,687 | -€1,261 | -9.0% |
| Operating profit (loss) | 9901 | €11,644 | €10,865 | -€779 | -6.7% |
| Financial income | 75/76B | €65 | €60 | -€4 | -6.7% |
| Recurring financial income | 75 | €65 | €60 | -€4 | -6.7% |
| Financial charges | 65/66B | €192 | €101 | -€92 | -47.7% |
| Recurring financial charges | 65 | €192 | €101 | -€92 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €11,516 | €10,825 | -€691 | -6.0% |
| Income taxes | 67/77 | -€2,982 | -€16,080 | -€13,098 | -439% |
| Profit (loss) for the period | 9904 | €14,498 | €26,905 | +€12,407 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,498 | €26,905 | +€12,407 | +85.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.