AQUA HOLDING: 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 HOLDING
Largest movements
- Cash +€28,806
up €28,806 (+266%), from €10,844 to €39,650
mainly Net result for the year (+€320,330) and Tax, wage and social debts (+€6,534)
- Profit (loss) carried forward +€320,330
up €320,330, from -€66,731 to €253,599
- Other debts -€202,449
down €202,449 (-100%), from €202,449 to €0
- Debts after one year -€83,661
down €83,661 (-11.7%), from €715,274 to €631,613
of which Financial debts: -€83,661
- Accrued charges and deferred income -€15,325
down €15,325 (-47.7%), from €32,118 to €16,794
- Financial income +€300,000
new in 2025: €300,000
- Gross operating margin +€51,592
up €51,592, from -€1,528 to €50,064
- Financial charges -€7,825
down €7,825 (-21.6%), from €36,174 to €28,349
- Other operating charges +€1,300
up €1,300 (+1,528%), from €85 to €1,385
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 | €1,053,761 | €1,088,706 | +€34,945 | +3.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,042,917 | €1,049,056 | +€6,139 | +0.6% |
| Financial fixed assets | 28 | €1,042,917 | €1,049,056 | +€6,139 | +0.6% |
| Current assets | 29/58 | €10,844 | €39,650 | +€28,806 | +266% |
| Amounts receivable within one year | 40/41 | - | €0 | = | |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €10,844 | €39,650 | +€28,806 | +266% |
| Total equity and liabilities | 10/49 | €1,053,761 | €1,088,706 | +€34,945 | +3.3% |
| Equity | 10/15 | €23,269 | €343,599 | +€320,330 | +1,377% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,731 | €253,599 | +€320,330 | |
| Amounts payable | 17/49 | €1,030,492 | €745,107 | -€285,385 | -27.7% |
| Amounts payable after more than one year | 17 | €715,274 | €631,613 | -€83,661 | -11.7% |
| Financial debts | 170/4 | €450,674 | €367,013 | -€83,661 | -18.6% |
| Other amounts payable | 178/9 | €264,600 | €264,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €283,100 | €96,700 | -€186,400 | -65.8% |
| Current portion of amounts payable after more than one year | 42 | €80,652 | €83,661 | +€3,009 | +3.7% |
| Trade debts | 44 | €0 | €6,505 | +€6,505 | |
| Suppliers | 440/4 | €0 | €6,505 | +€6,505 | |
| Taxes, remuneration and social security | 45 | - | €6,534 | +€6,534 | |
| Taxes | 450/3 | - | €6,534 | +€6,534 | |
| Other amounts payable | 47/48 | €202,449 | €0 | -€202,449 | -100% |
| Accrued charges and deferred income | 492/3 | €32,118 | €16,794 | -€15,325 | -47.7% |
| Other operating charges | 640/8 | €85 | €1,385 | +€1,300 | +1,528% |
| Gross operating margin | 9900 | -€1,528 | €50,064 | +€51,592 | |
| Operating profit (loss) | 9901 | -€1,613 | €48,679 | +€50,292 | |
| Financial income | 75/76B | - | €300,000 | +€300,000 | |
| Recurring financial income | 75 | - | €300,000 | +€300,000 | |
| Financial charges | 65/66B | €36,174 | €28,349 | -€7,825 | -21.6% |
| Recurring financial charges | 65 | €36,174 | €28,349 | -€7,825 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,787 | €320,330 | +€358,117 | |
| Profit (loss) for the period | 9904 | -€37,787 | €320,330 | +€358,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,787 | €320,330 | +€358,117 |
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 20 October 2026 via checked.be.