AQUA-FLO: 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-FLO
Largest movements
- Receivables within one year +€53,476
up €53,476 (+246%), from €21,705 to €75,181
of which Trade receivables: +€27,785
- Cash -€14,230
down €14,230 (-75.6%), from €18,817 to €4,587
mainly Receivables within one year (-€53,476) and Net result for the year (-€14,667)
- Trade debts +€46,923
up €46,923 (+224%), from €20,914 to €67,836
- Other debts +€15,000
up €15,000, from €0 to €15,000
- Profit (loss) carried forward -€14,667
down €14,667, from €4,311 to -€10,355
- Debts after one year -€8,577
down €8,577 (-66.4%), from €12,926 to €4,349
- Gross operating margin -€29,046
down €29,046, from €27,202 to -€1,844
- Depreciation +€2,005
up €2,005 (+22.6%), from €8,885 to €10,890
- Other operating charges -€1,930
down €1,930 (-58.2%), from €3,316 to €1,386
- Financial charges -€1,245
down €1,245 (-38.3%), from €3,252 to €2,008
- Taxes -€424
down €424 (-100%), from €424 to €0
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 | €67,532 | €106,380 | +€38,848 | +57.5% |
| Fixed assets | 21/28 | €23,772 | €23,082 | -€690 | -2.9% |
| Tangible fixed assets | 22/27 | €22,842 | €22,152 | -€690 | -3.0% |
| Furniture and vehicles | 24 | €22,842 | €22,152 | -€690 | -3.0% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €43,761 | €83,299 | +€39,538 | +90.4% |
| Stocks and contracts in progress | 3 | €934 | €934 | = | 0.0% |
| Stocks | 30/36 | €934 | €934 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,705 | €75,181 | +€53,476 | +246% |
| Trade receivables | 40 | €5,239 | €33,024 | +€27,785 | +530% |
| Other amounts receivable | 41 | €16,467 | €42,158 | +€25,691 | +156% |
| Cash at bank and in hand | 54/58 | €18,817 | €4,587 | -€14,230 | -75.6% |
| Deferred charges and accrued income | 490/1 | €2,304 | €2,597 | +€293 | +12.7% |
| Total equity and liabilities | 10/49 | €67,532 | €106,380 | +€38,848 | +57.5% |
| Equity | 10/15 | €18,671 | €4,005 | -€14,667 | -78.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,311 | -€10,355 | -€14,667 | |
| Amounts payable | 17/49 | €48,861 | €102,376 | +€53,515 | +110% |
| Amounts payable after more than one year | 17 | €12,926 | €4,349 | -€8,577 | -66.4% |
| Financial debts | 170/4 | €12,926 | €4,349 | -€8,577 | -66.4% |
| Amounts payable within one year | 42/48 | €33,469 | €95,258 | +€61,789 | +185% |
| Current portion of amounts payable after more than one year | 42 | €8,417 | €8,577 | +€160 | +1.9% |
| Trade debts | 44 | €20,914 | €67,836 | +€46,923 | +224% |
| Suppliers | 440/4 | €20,914 | €67,836 | +€46,923 | +224% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,138 | €3,845 | -€293 | -7.1% |
| Taxes | 450/3 | €2,738 | €2,345 | -€393 | -14.4% |
| Remuneration and social security | 454/9 | €1,400 | €1,500 | +€100 | +7.1% |
| Other amounts payable | 47/48 | €0 | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €2,467 | €2,769 | +€302 | +12.3% |
| Non-recurring operating income | 76A | €0 | €517 | +€517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,885 | €10,890 | +€2,005 | +22.6% |
| Other operating charges | 640/8 | €3,316 | €1,386 | -€1,930 | -58.2% |
| Non-recurring operating charges | 66A | €229 | €25 | -€204 | -89.1% |
| Gross operating margin | 9900 | €27,202 | -€1,844 | -€29,046 | |
| Operating profit (loss) | 9901 | €14,772 | -€14,145 | -€28,917 | |
| Financial income | 75/76B | €1,169 | €1,486 | +€317 | +27.1% |
| Recurring financial income | 75 | €1,169 | €1,486 | +€317 | +27.1% |
| Financial charges | 65/66B | €3,252 | €2,008 | -€1,245 | -38.3% |
| Recurring financial charges | 65 | €3,252 | €2,008 | -€1,245 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €12,689 | -€14,667 | -€27,356 | |
| Income taxes | 67/77 | €424 | €0 | -€424 | -100% |
| Profit (loss) for the period | 9904 | €12,265 | -€14,667 | -€26,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,265 | -€14,667 | -€26,932 |
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 23 October 2026 via checked.be.