AQUA NIL: what changed
Two fiscal 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 NIL
Largest movements
- Receivables within one year -€11,208
down €11,208 (-67.5%), from €16,610 to €5,402
of which Other amounts receivable: -€10,548
- Cash -€9,261
down €9,261 (-16.9%), from €54,819 to €45,558
mainly Debts after one year (-€20,460) and Investment in fixed assets (net) (-€10,650)
- Debts after one year -€20,460
down €20,460 (-7.4%), from €276,668 to €256,209
- Profit (loss) carried forward -€8,147
down €8,147 (-22.9%), from €35,537 to €27,390
- Trade debts +€6,478
up €6,478 (+93.5%), from €6,930 to €13,408
- Gross operating margin -€20,765
down €20,765 (-48.2%), from €43,101 to €22,336
- Other operating charges +€1,922
up €1,922 (+27.2%), from €7,076 to €8,998
- Depreciation +€1,287
up €1,287 (+11.8%), from €10,915 to €12,202
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 | €405,889 | €383,280 | -€22,609 | -5.6% |
| Fixed assets | 21/28 | €331,839 | €330,287 | -€1,552 | -0.5% |
| Tangible fixed assets | 22/27 | €331,839 | €330,287 | -€1,552 | -0.5% |
| Land and buildings | 22 | €316,237 | €313,959 | -€2,277 | -0.7% |
| Plant, machinery and equipment | 23 | €12,269 | €16,328 | +€4,059 | +33.1% |
| Furniture and vehicles | 24 | €333 | - | -€333 | |
| Assets under construction and advance payments | 27 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €74,050 | €52,993 | -€21,057 | -28.4% |
| Amounts receivable within one year | 40/41 | €16,610 | €5,402 | -€11,208 | -67.5% |
| Trade receivables | 40 | €660 | - | -€660 | |
| Other amounts receivable | 41 | €15,950 | €5,402 | -€10,548 | -66.1% |
| Cash at bank and in hand | 54/58 | €54,819 | €45,558 | -€9,261 | -16.9% |
| Deferred charges and accrued income | 490/1 | €2,621 | €2,033 | -€588 | -22.4% |
| Total equity and liabilities | 10/49 | €405,889 | €383,280 | -€22,609 | -5.6% |
| Equity | 10/15 | €98,337 | €90,190 | -€8,147 | -8.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,300 | €1,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,300 | €1,300 | = | 0.0% |
| Legal reserve | 130 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,537 | €27,390 | -€8,147 | -22.9% |
| Amounts payable | 17/49 | €307,552 | €293,090 | -€14,461 | -4.7% |
| Amounts payable after more than one year | 17 | €276,668 | €256,209 | -€20,460 | -7.4% |
| Financial debts | 170/4 | €276,668 | €256,209 | -€20,460 | -7.4% |
| Amounts payable within one year | 42/48 | €30,883 | €36,540 | +€5,657 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €19,886 | €20,460 | +€573 | +2.9% |
| Financial debts | 43 | €311 | €193 | -€118 | -37.9% |
| Credit institutions | 430/8 | €311 | €193 | -€118 | -37.9% |
| Trade debts | 44 | €6,930 | €13,408 | +€6,478 | +93.5% |
| Suppliers | 440/4 | €6,930 | €13,408 | +€6,478 | +93.5% |
| Taxes, remuneration and social security | 45 | €116 | - | -€116 | |
| Taxes | 450/3 | €116 | - | -€116 | |
| Other amounts payable | 47/48 | €3,640 | €2,480 | -€1,160 | -31.9% |
| Accrued charges and deferred income | 492/3 | - | €341 | +€341 | |
| Non-recurring operating income | 76A | €1,030 | - | -€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,915 | €12,202 | +€1,287 | +11.8% |
| Other operating charges | 640/8 | €7,076 | €8,998 | +€1,922 | +27.2% |
| Gross operating margin | 9900 | €43,101 | €22,336 | -€20,765 | -48.2% |
| Operating profit (loss) | 9901 | €25,110 | €1,136 | -€23,974 | -95.5% |
| Financial income | 75/76B | - | €123 | +€123 | |
| Recurring financial income | 75 | - | €123 | +€123 | |
| Financial charges | 65/66B | €9,652 | €9,406 | -€246 | -2.5% |
| Recurring financial charges | 65 | €9,652 | €9,406 | -€246 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €15,458 | -€8,147 | -€23,605 | |
| Income taxes | 67/77 | €116 | - | -€116 | |
| Profit (loss) for the period | 9904 | €15,342 | -€8,147 | -€23,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,342 | -€8,147 | -€23,489 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.