AQUA - PARK: 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 - PARK
Largest movements
- Tangible fixed assets -€30,236
down €30,236 (-6.9%), from €439,109 to €408,873
of which Land and buildings: -€16,984
- Deferred charges and accrued income -€10,522
no longer reported in 2025 (was €10,522)
- Stocks and contracts +€8,561
up €8,561 (+130%), from €6,606 to €15,167
of which Contracts in progress: +€9,033
- Debts after one year -€35,927
down €35,927 (-11.3%), from €316,631 to €280,704
- Advances received -€12,731
no longer reported in 2025 (was €12,731)
- Other debts +€11,996
up €11,996 (+24.2%), from €49,599 to €61,595
- Gross operating margin +€11,165
up €11,165 (+34.6%), from €32,227 to €43,393
- Depreciation +€1,270
up €1,270 (+4.4%), from €28,966 to €30,236
- Financial charges -€1,267
down €1,267 (-10.2%), from €12,437 to €11,171
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 | €469,076 | €438,455 | -€30,621 | -6.5% |
| Fixed assets | 21/28 | €439,109 | €408,873 | -€30,236 | -6.9% |
| Tangible fixed assets | 22/27 | €439,109 | €408,873 | -€30,236 | -6.9% |
| Land and buildings | 22 | €389,244 | €372,260 | -€16,984 | -4.4% |
| Plant, machinery and equipment | 23 | €9,657 | €6,360 | -€3,297 | -34.1% |
| Furniture and vehicles | 24 | €40,208 | €30,253 | -€9,955 | -24.8% |
| Current assets | 29/58 | €29,966 | €29,582 | -€385 | -1.3% |
| Stocks and contracts in progress | 3 | €6,606 | €15,167 | +€8,561 | +130% |
| Stocks | 30/36 | €6,606 | €6,135 | -€472 | -7.1% |
| Contracts in progress | 37 | - | €9,033 | +€9,033 | |
| Amounts receivable within one year | 40/41 | €8,360 | €5,999 | -€2,361 | -28.2% |
| Trade receivables | 40 | €7,457 | €5,999 | -€1,457 | -19.5% |
| Other amounts receivable | 41 | €904 | - | -€904 | |
| Cash at bank and in hand | 54/58 | €4,478 | €8,415 | +€3,937 | +87.9% |
| Deferred charges and accrued income | 490/1 | €10,522 | - | -€10,522 | |
| Total equity and liabilities | 10/49 | €469,076 | €438,455 | -€30,621 | -6.5% |
| Equity | 10/15 | €50,637 | €52,766 | +€2,129 | +4.2% |
| Contributions | 10/11 | €38,592 | €38,592 | = | 0.0% |
| Reserves | 13 | €20,972 | €20,972 | = | 0.0% |
| Distributable reserves | 133 | €20,972 | €20,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,927 | -€6,798 | +€2,129 | +23.8% |
| Amounts payable | 17/49 | €418,439 | €385,689 | -€32,750 | -7.8% |
| Amounts payable after more than one year | 17 | €316,631 | €280,704 | -€35,927 | -11.3% |
| Financial debts | 170/4 | €316,631 | €280,704 | -€35,927 | -11.3% |
| Amounts payable within one year | 42/48 | €101,776 | €104,985 | +€3,209 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €35,094 | €35,927 | +€833 | +2.4% |
| Trade debts | 44 | €538 | €3,446 | +€2,908 | +541% |
| Suppliers | 440/4 | €538 | €3,446 | +€2,908 | +541% |
| Advances received on contracts in progress | 46 | €12,731 | - | -€12,731 | |
| Taxes, remuneration and social security | 45 | €3,814 | €4,017 | +€204 | +5.3% |
| Taxes | 450/3 | €3,814 | €4,017 | +€204 | +5.3% |
| Other amounts payable | 47/48 | €49,599 | €61,595 | +€11,996 | +24.2% |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Non-recurring operating income | 76A | €702 | - | -€702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,966 | €30,236 | +€1,270 | +4.4% |
| Other operating charges | 640/8 | €67 | €159 | +€92 | +137% |
| Gross operating margin | 9900 | €32,227 | €43,393 | +€11,165 | +34.6% |
| Operating profit (loss) | 9901 | €3,195 | €12,997 | +€9,803 | +307% |
| Financial income | 75/76B | €264 | €302 | +€38 | +14.4% |
| Recurring financial income | 75 | €264 | €302 | +€38 | +14.4% |
| Financial charges | 65/66B | €12,437 | €11,171 | -€1,267 | -10.2% |
| Recurring financial charges | 65 | €12,437 | €11,171 | -€1,267 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,979 | €2,129 | +€11,107 | |
| Profit (loss) for the period | 9904 | -€8,979 | €2,129 | +€11,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,979 | €2,129 | +€11,107 |
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 29 October 2026 via checked.be.