AQUA NAVIS: 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 NAVIS
Largest movements
- Receivables within one year +€28,129
up €28,129 (+256%), from €10,998 to €39,127
of which Trade receivables: +€22,967
- Tangible fixed assets -€18,148
down €18,148 (-20.7%), from €87,542 to €69,394
- Cash -€5,306
down €5,306 (-49.1%), from €10,803 to €5,496
mainly Receivables within one year (-€28,129) and Debts after one year (-€21,152)
- Deferred charges and accrued income -€3,454
down €3,454 (-97.4%), from €3,548 to €94
- Debts after one year -€21,152
down €21,152 (-35.1%), from €60,229 to €39,077
- Other debts +€12,224
up €12,224 (+407%), from €3,000 to €15,224
- Trade debts +€4,983
up €4,983 (+136%), from €3,652 to €8,635
- Reserves +€4,050
up €4,050 (+28.1%), from €14,405 to €18,455
- Depreciation +€13,232
up €13,232 (+164%), from €8,078 to €21,310
- Gross operating margin +€3,163
up €3,163 (+10.8%), from €29,367 to €32,531
- Financial charges +€1,810
up €1,810 (+168%), from €1,079 to €2,889
- Taxes -€1,248
down €1,248 (-30.5%), from €4,086 to €2,838
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 | €112,890 | €114,111 | +€1,222 | +1.1% |
| Fixed assets | 21/28 | €87,542 | €69,394 | -€18,148 | -20.7% |
| Tangible fixed assets | 22/27 | €87,542 | €69,394 | -€18,148 | -20.7% |
| Furniture and vehicles | 24 | €87,542 | €69,394 | -€18,148 | -20.7% |
| Current assets | 29/58 | €25,348 | €44,717 | +€19,369 | +76.4% |
| Amounts receivable within one year | 40/41 | €10,998 | €39,127 | +€28,129 | +256% |
| Trade receivables | 40 | €10,998 | €33,965 | +€22,967 | +209% |
| Other amounts receivable | 41 | - | €5,162 | +€5,162 | |
| Cash at bank and in hand | 54/58 | €10,803 | €5,496 | -€5,306 | -49.1% |
| Deferred charges and accrued income | 490/1 | €3,548 | €94 | -€3,454 | -97.4% |
| Total equity and liabilities | 10/49 | €112,890 | €114,111 | +€1,222 | +1.1% |
| Equity | 10/15 | €19,405 | €23,455 | +€4,050 | +20.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,405 | €18,455 | +€4,050 | +28.1% |
| Distributable reserves | 133 | €14,405 | €18,455 | +€4,050 | +28.1% |
| Amounts payable | 17/49 | €93,485 | €90,656 | -€2,829 | -3.0% |
| Amounts payable after more than one year | 17 | €60,229 | €39,077 | -€21,152 | -35.1% |
| Financial debts | 170/4 | €60,229 | €39,077 | -€21,152 | -35.1% |
| Amounts payable within one year | 42/48 | €33,256 | €51,579 | +€18,323 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €20,336 | €21,152 | +€817 | +4.0% |
| Trade debts | 44 | €3,652 | €8,635 | +€4,983 | +136% |
| Suppliers | 440/4 | €3,652 | €8,635 | +€4,983 | +136% |
| Taxes, remuneration and social security | 45 | €6,268 | €6,568 | +€300 | +4.8% |
| Taxes | 450/3 | €6,268 | €6,568 | +€300 | +4.8% |
| Other amounts payable | 47/48 | €3,000 | €15,224 | +€12,224 | +407% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,078 | €21,310 | +€13,232 | +164% |
| Other operating charges | 640/8 | €1,720 | €1,494 | -€226 | -13.2% |
| Gross operating margin | 9900 | €29,367 | €32,531 | +€3,163 | +10.8% |
| Operating profit (loss) | 9901 | €19,570 | €9,727 | -€9,842 | -50.3% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €1,079 | €2,889 | +€1,810 | +168% |
| Recurring financial charges | 65 | €1,079 | €2,889 | +€1,810 | +168% |
| Profit (loss) for the period before taxes | 9903 | €18,491 | €6,888 | -€11,603 | -62.7% |
| Income taxes | 67/77 | €4,086 | €2,838 | -€1,248 | -30.5% |
| Profit (loss) for the period | 9904 | €14,405 | €4,050 | -€10,355 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,405 | €4,050 | -€10,355 | -71.9% |
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 15 October 2026 via checked.be.