AQUA PROOF: 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 PROOF
Largest movements
- Receivables within one year +€35,931
up €35,931 (+453.4%), from €7,924 to €43,855
of which Trade receivables: +€36,896
- Deferred charges and accrued income +€9,792
new in 2025: €9,792
- Tangible fixed assets -€8,326
down €8,326 (-43.1%), from €19,297 to €10,970
of which Furniture and vehicles: -€5,096
- Stocks and contracts -€2,501
down €2,501 (-9.0%), from €27,737 to €25,236
of which Contracts in progress: -€7,538
- Trade debts +€53,792
up €53,792 (+384.4%), from €13,994 to €67,785
- Other debts -€28,866
down €28,866 (-88.4%), from €32,636 to €3,770
- Tax, wage and social debts +€4,671
up €4,671 (+401.5%), from €1,164 to €5,835
- Accrued charges and deferred income +€4,000
up €4,000 (+71.2%), from €5,618 to €9,618
- Profit (loss) carried forward +€2,657
up €2,657 (+65.6%), from -€4,050 to -€1,394
- Depreciation -€2,090
down €2,090 (-17.6%), from €11,882 to €9,792
- Gross operating margin +€1,958
up €1,958 (+11.2%), from €17,528 to €19,486
- Taxes +€1,734
up €1,734 (+2111.3%), from €82 to €1,816
- Other operating charges -€882
down €882 (-32.1%), from €2,750 to €1,868
- Write-downs -€664
no longer reported in 2025 (was €664)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,446 | €90,066 | +€34,620 | +62.4% |
| Formation expenses | 20 | €488 | €213 | -€275 | -56.3% |
| Fixed assets | 21/28 | €19,297 | €10,970 | -€8,326 | -43.1% |
| Tangible fixed assets | 22/27 | €19,297 | €10,970 | -€8,326 | -43.1% |
| Plant, machinery and equipment | 23 | €13,326 | €10,095 | -€3,230 | -24.2% |
| Furniture and vehicles | 24 | €5,971 | €875 | -€5,096 | -85.3% |
| Current assets | 29/58 | €35,661 | €78,882 | +€43,221 | +121.2% |
| Stocks and contracts in progress | 3 | €27,737 | €25,236 | -€2,501 | -9.0% |
| Stocks | 30/36 | €11,409 | €16,446 | +€5,037 | +44.1% |
| Contracts in progress | 37 | €16,328 | €8,790 | -€7,538 | -46.2% |
| Amounts receivable within one year | 40/41 | €7,924 | €43,855 | +€35,931 | +453.4% |
| Trade receivables | 40 | €6,959 | €43,855 | +€36,896 | +530.2% |
| Other amounts receivable | 41 | €965 | - | -€965 | |
| Deferred charges and accrued income | 490/1 | - | €9,792 | +€9,792 | |
| Total equity and liabilities | 10/49 | €55,446 | €90,066 | +€34,620 | +62.4% |
| Equity | 10/15 | -€3,050 | -€394 | +€2,657 | +87.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,050 | -€1,394 | +€2,657 | +65.6% |
| Amounts payable | 17/49 | €58,496 | €90,460 | +€31,964 | +54.6% |
| Amounts payable within one year | 42/48 | €52,878 | €80,841 | +€27,964 | +52.9% |
| Financial debts | 43 | €5,084 | €3,451 | -€1,633 | -32.1% |
| Credit institutions | 430/8 | €5,084 | €3,451 | -€1,633 | -32.1% |
| Trade debts | 44 | €13,994 | €67,785 | +€53,792 | +384.4% |
| Suppliers | 440/4 | €13,994 | €67,785 | +€53,792 | +384.4% |
| Taxes, remuneration and social security | 45 | €1,164 | €5,835 | +€4,671 | +401.5% |
| Taxes | 450/3 | €1,164 | €5,835 | +€4,671 | +401.5% |
| Other amounts payable | 47/48 | €32,636 | €3,770 | -€28,866 | -88.4% |
| Accrued charges and deferred income | 492/3 | €5,618 | €9,618 | +€4,000 | +71.2% |
| Non-recurring operating income | 76A | €567 | - | -€567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,882 | €9,792 | -€2,090 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €664 | - | -€664 | |
| Other operating charges | 640/8 | €2,750 | €1,868 | -€882 | -32.1% |
| Non-recurring operating charges | 66A | - | €2,975 | +€2,975 | |
| Gross operating margin | 9900 | €17,528 | €19,486 | +€1,958 | +11.2% |
| Operating profit (loss) | 9901 | €2,232 | €4,851 | +€2,619 | +117.3% |
| Financial income | 75/76B | €57 | €366 | +€309 | +537.8% |
| Recurring financial income | 75 | €57 | €366 | +€309 | +537.8% |
| Financial charges | 65/66B | €908 | €745 | -€164 | -18.0% |
| Recurring financial charges | 65 | €908 | €745 | -€164 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €1,381 | €4,473 | +€3,091 | +223.8% |
| Income taxes | 67/77 | €82 | €1,816 | +€1,734 | +2111.3% |
| Profit (loss) for the period | 9904 | €1,299 | €2,657 | +€1,357 | +104.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,299 | €2,657 | +€1,357 | +104.5% |
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 11 October 2026 via checked.be.